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Nonprofiteer
← COMMUNITY BANKERS OF WASHINGTON

Form 990 for tax year 2023

Filed by COMMUNITY BANKERS OF WASHINGTON.

Totals

Total revenue
$506,544
Total expenses
$386,618
Contributions and grants received
$0
Grants paid
$5,000
Program service revenue
$394,003
Investment income
$15,609
Other revenue
$96,932
Total assets, end of year
$642,982
Total liabilities, end of year
$23,449
Net assets or fund balances, end of year
$619,533
Program services expenses (Part IX)
$310,588
Management and general expenses
$76,030
Fundraising expenses
$0
Program service expenses (Part III)
$310,588

Program services were 80.3% 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: CONVENTION REVENUES

    total $191,320 · related or exempt $191,320

  • 2b · Program service revenue: ICBA - PRODUCT AND SER

    total $110,998 · related or exempt $110,998

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $82,675 · related or exempt $82,675

  • 2d · Program service revenue: TRAINING AND SEMINAR R

    total $9,010 · related or exempt $9,010

  • 3 · Investment income

    total $15,609 · excluded $15,609

  • 5 · Royalties

    total $96,932 · excluded $96,932

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $80,000 · management and general $20,000

  • 9 · Other employee benefits

    total $21,583 · program services $17,266 · management and general $4,317

  • 10 · Payroll taxes

    total $8,299 · program services $6,639 · management and general $1,660

  • 11b · Fees: legal

    total $20,178 · program services $16,142 · management and general $4,036

  • 11c · Fees: accounting

    total $12,378 · program services $9,902 · management and general $2,476

  • 11d · Fees: lobbying

    total $36,000 · program services $28,800 · management and general $7,200

  • 11g · Fees: other

    total $42,507 · program services $34,006 · management and general $8,501

  • 12 · Advertising and promotion

    total $244 · program services $244

  • 16 · Occupancy

    total $7,548 · program services $6,038 · management and general $1,510

  • 17 · Travel

    total $12,343 · program services $9,874 · management and general $2,469

  • 19 · Conferences, conventions and meetings

    total $7,879 · program services $6,303 · management and general $1,576

  • 23 · Insurance

    total $2,603 · program services $2,082 · management and general $521

  • 24a · Other expenses: BOARD MEETINGS

    total $94,779 · program services $75,823 · management and general $18,956

  • 24b · Other expenses: COMMUNICATIONS

    total $11,814 · program services $9,451 · management and general $2,363

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,225 · program services $1,780 · management and general $445

  • 24d · Other expenses: CONVENTION EXPENSE

    total $1,238 · program services $1,238

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $222,815 · end of year $217,166

  • 2 · Savings and temporary cash investments

    beginning of year $307,437 · end of year $418,666

  • 15 · Other assets

    beginning of year $0 · end of year $7,150

  • 19 · Deferred revenue

    beginning of year $30,645 · end of year $23,449

  • 27 · Net assets without donor restrictions

    beginning of year $499,607 · end of year $619,533

Mission and programs · 2023

Mission

THE ORGANIZATION WAS FORMED TO PROVIDE THE ADVANCEMENT OF INDEPENDENT BANKS. THIS IS ACCOMPLISHED THROUGH PUBLIC RELATIONS, EDUCATION, AND ENHANCING ITS MEMBER COMMUNITY BANKS' SERVICE TO ITS CUSTOMERS. THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF ITS MEMBERS.

Activities or mission (Part I)

TO BE THE UNIFIED RESOURCE FOR WASHINGTON'S COMMUNITY BANKS.

  • ACTIVITIES AND PROGRAMS ARE FOR THE EXCLUSIVE BENEFITS OF THE MEMBERS. COMMUNITY BANKERS OF WASHINGTON REPRESENTS THE COMMUNITY BANKING INDUSTRY AT THE STATE'S LEGISLATURE PROVIDING LOBBYING AND MEDIA COMMUNICATIONS TO ENSURE THAT OUR INDUSTRY'S BUSINESS CONCERNS ARE HEARD. WE WORK HARD TO IMPROVE THE PROFITABILITY OF OUR COMMUNITY BANKING MEMBERS BY PROVIDING IMPROVED ACCESS TO HIGH-QUALITY PRODUCTS AND SERVICES, DISCOUNTED BY THE COMBINED PURCHASING POWER AFFORDED THROUGH MEMBERSHIP. FINALLY, THROUGH SEMINARS, WORKSHOPS, PUBLICATION, CONFERENCE CALLS, AND EMAILS, CBW PROVIDES UP-TO-DATE INFORMATION ABOUT CURRENT TRENDS AND PRACTICE IN THE COMMUNITY BANKING INDUSTRY. IN 2023, CBW HELD FOUR VIRTUAL CONFERENCES AND ONE LIVE EVENT WITH A COMBINED TOTAL OF 326 ATTENDEES.

    Expenses $310,588

As filed on the 2023 return.

Listed in Part VII

  • Dean Brydon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Tony George

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Denise Portmann

    ICBA STATE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Russ Keithley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Susan Dumontet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dwayne Aberle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jolene Riggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Greg Deckard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dan Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mike Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Josh Deck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • John Manolides

    CHAIRMAN ELECT

    Total calculated
    $0
    Hours/week
    0.5

  • Leanne Antonio

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Rick Darrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jim Arneson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Neil Zick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kathy Swenson

    PRESIDENT/CEO

    Total calculated
    $121,313
    From this org
    $100,000
    From related orgs
    $0
    Other
    $21,313
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349305401

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