Form 990 for tax year 2022

Filed by NORTH DAKOTA BANKERS ASSOCIATION.

Totals

Total revenue: $1,543,383
Total expenses: $1,595,424
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $1,212,114
Investment income: $22,050
Other revenue: $309,219
Total assets, end of year: $3,797,853
Total liabilities, end of year: $732,485
Net assets or fund balances, end of year: $3,065,368
Program services expenses (Part IX): $893,586
Management and general expenses: $701,838
Fundraising expenses: $0
Program service expenses (Part III): not reported

Program services were 56.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

2a · Program service revenue: MEMBERSHIP DUES

total $639,159 · related or exempt $639,159
2b · Program service revenue: CONFERENCES - CONVENTI

total $572,955 · related or exempt $572,955
3 · Investment income

total $22,050 · excluded $22,050
11a · Other revenue: NDBA SERVICES SALARY

total $235,838 · related or exempt $235,838
11b · Other revenue: K-1 RENTAL INCOME (LOS

total $38,743 · unrelated business $38,743
11c · Other revenue: ADVERTISING

total $34,440 · unrelated business $34,440
11d · All other revenue

total $198 · related or exempt $198
11e · Other revenue, total

$309,219

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $283,568 · program services $116,263 · management and general $167,305
7 · Other salaries and wages

total $472,071 · program services $193,278 · management and general $278,793
8 · Pension plan contributions

total $52,010 · program services $21,324 · management and general $30,686
9 · Other employee benefits

total $55,554 · program services $22,777 · management and general $32,777
10 · Payroll taxes

total $33,610 · program services $13,780 · management and general $19,830
11b · Fees: legal

total $63,077 · program services $63,077
11c · Fees: accounting

total $13,750 · program services $13,750
12 · Advertising and promotion

total $1,421 · program services $1,421
13 · Office expenses

total $21,022 · program services $9,361 · management and general $11,661
16 · Occupancy

total $69,834 · management and general $69,834
17 · Travel

total $51,227 · program services $44,223 · management and general $7,004
22 · Depreciation, depletion and amortization

total $42,193 · management and general $42,193
24a · Other expenses: SEMINARS, TRAINING, CON

total $339,566 · program services $339,566 · management and general $0
24b · Other expenses: PUBLIC RELATIONS

total $50,849 · program services $50,849
24c · Other expenses: TAXES

total $23,149 · management and general $23,149
24d · Other expenses: DUES & SUBSCRIPTIONS

total $14,012 · management and general $14,012
24e · All other expenses

total $8,511 · program services $3,917 · management and general $4,594

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $270,617 · end of year $232,513
2 · Savings and temporary cash investments

beginning of year $1,200,000 · end of year $1,200,000
4 · Accounts receivable

beginning of year $424,071 · end of year $416,849
7 · Other notes and loans receivable

beginning of year $56,236 · end of year $48,723
9 · Prepaid expenses and deferred charges

beginning of year $31,309 · end of year $34,275
10a · Land, buildings and equipment: cost or other basis

$1,153,926
10b · Land, buildings and equipment: accumulated depreciation

$540,335
10c · Land, buildings and equipment, net

beginning of year $655,784 · end of year $613,591
12 · Investments: other securities

beginning of year $1,230,649 · end of year $1,236,342
15 · Other assets

beginning of year $1,708 · end of year $15,560
17 · Accounts payable and accrued expenses

beginning of year $107,010 · end of year $109,685
19 · Deferred revenue

beginning of year $601,184 · end of year $611,079
25 · Other liabilities

beginning of year $11,721 · end of year $11,721
27 · Net assets without donor restrictions

beginning of year $3,150,459 · end of year $3,065,368

Mission and programs · 2022

Mission

EXTRAORDINARY LEADERSHIP FOR NORTH DAKOTA BANKS

Activities or mission (Part I)

PROVIDE EDUCATION TO ITS MEMBERS THROUGH CONFERENCES, SEMINARS, MAILINGS AND TO PROMOTE THE BANKING INDUSTRY.

PROVIDE EDUCATION TO MEMBERS AND PROMOTE THE BANKING INDUSTRY TO THE PUBLIC THROUGH CONFERENCES, SEMINARS AND MAILINGS.

As filed on the 2022 return.

Listed in Part VII

Pete JahnerPETE JAHNER

CHAIR

Total calculated

$0

Hours/week

2
Deneen AxtmanDENEEN AXTMAN

CHAIR-ELECT

Total calculated

$0

Hours/week

2
Bernie SinnerBERNIE SINNER

TREASURER

Total calculated

$0

Hours/week

2
Greg GessGREG GESS

DIRECTOR

Total calculated

$0

Hours/week

2
Tory HartTORY HART

DIRECTOR

Total calculated

$0

Hours/week

2
Savannah HendricksonSAVANNAH HENDRICKSON

DIRECTOR

Total calculated

$0

Hours/week

2
Ryan HertzRYAN HERTZ

DIRECTOR

Total calculated

$0

Hours/week

2
Brian L JohnsonBRIAN L JOHNSON

DIRECTOR

Total calculated

$0

Hours/week

2
Lori LeingangLORI LEINGANG

DIRECTOR

Total calculated

$0

Hours/week

2
Jeff LeutholdJEFF LEUTHOLD

DIRECTOR

Total calculated

$0

Hours/week

2
Pat LorensonPAT LORENSON

DIRECTOR

Total calculated

$0

Hours/week

2
Jamie NelsonJAMIE NELSON

DIRECTOR

Total calculated

$0

Hours/week

2
Christie Huber ObenauerCHRISTIE HUBER OBENAUER

DIRECTOR

Total calculated

$0

Hours/week

2
Drew OlafsonDREW OLAFSON

DIRECTOR

Total calculated

$0

Hours/week

2
Kim SettelKIM SETTEL

DIRECTOR

Total calculated

$0

Hours/week

2
Kathy TorskeKATHY TORSKE

PAST CHAIR

Total calculated

$0

Hours/week

2
Joe WatzkeJOE WATZKE

DIRECTOR

Total calculated

$0

Hours/week

2
Rick ClayburghRICK CLAYBURGH

PRESIDENT/CEO

Total calculated

$275,965

From this org

$241,354

From related orgs

$0

Other

$34,611

Hours/week

32 + 8 related

Schedule J breakdown matched by us

Base

$241,354

Bonus

$0

Other

$0

Deferred

$25,445

Nontaxable benefits

$9,166

Filer's total

$275,965

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Travel for companions
1a · Health or social club dues or initiation fees
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Form 990 of other organizations
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A: THE ASSOCIATION PROVIDES FOR SPOUSAL TRAVEL AND CLUB DUES FOR THE PRESIDENT. THESE BENEFITS ARE REPORTED AS TAXABLE BENEFITS ON THE PRESIDENT'S W-2.
PART I, LINE 3: BOARD REVIEWS OTHER ORGANIZATIONS COMPENSATION FOR SIMILAR POSITIONS AND APPROVES ANY CHANGES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

MAIN AVENUE PROPERTIES LLC

UNRELATED DEBT FIN. · RENTAL REAL ESTATE-DEBT FINANCED · ND · 51% owned · share of income $38,743 · share of assets $843,602 · general or managing partner

Directly controlled by NDBA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

NDBA SERVICES INC

C · PROMOTION OF BANKING PRODUCTS · ND · 100% owned · share of income $6,220 · share of assets $978,022 · controlled entity

Directly controlled by NDBA

Provenance

Return type: form_990
Tax year: 2022
Filed: 20 October 2023
IRS schema version: 2022v5.0
Source object: 202303119349303520

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