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Nonprofiteer
← MONTANA BANKERS ASSOCIATION

Form 990 for tax year 2023

Filed by MONTANA BANKERS ASSOCIATION.

Totals

Total revenue
$764,901
Total expenses
$730,064
Contributions and grants received
$388,652
Grants paid
$10,100
Program service revenue
$338,141
Investment income
$38,108
Other revenue
$0
Total assets, end of year
$4,796,862
Total liabilities, end of year
$46,284
Net assets or fund balances, end of year
$4,750,578
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1b · Membership dues

    $381,152

  • 1f · All other contributions, gifts and grants

    $7,500

  • 2a · Program service revenue: EDUCATION INCOME

    total $267,458 · related or exempt $267,458

  • 2b · Program service revenue: CONVENTION INCOME

    total $68,145 · related or exempt $68,145

  • 2c · Program service revenue: GOVERNMENT RELATIONS

    total $2,538 · related or exempt $2,538

  • 3 · Investment income

    total $38,108 · excluded $38,108

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,100

  • 11a · Fees: management

    total $285,126

  • 11c · Fees: accounting

    total $3,195

  • 11d · Fees: lobbying

    total $50,000

  • 11f · Fees: investment management

    total $1,506

  • 13 · Office expenses

    total $4,790

  • 17 · Travel

    total $22,515

  • 19 · Conferences, conventions and meetings

    total $279,620

  • 24a · Other expenses: GOVERNMENT RELATIONS

    total $72,787

  • 24b · Other expenses: REFUNDS

    total $425

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,392 · end of year $258,528

  • 2 · Savings and temporary cash investments

    beginning of year $1,315,907 · end of year $558,649

  • 4 · Accounts receivable

    beginning of year $39,155 · end of year $18,626

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,900 · end of year $12,620

  • 11 · Investments: publicly traded securities

    beginning of year $1,013,365 · end of year $1,971,258

  • 12 · Investments: other securities

    beginning of year $1,717,695 · end of year $1,977,181

  • 15 · Other assets

    beginning of year $7,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,964 · end of year $46,284

  • 27 · Net assets without donor restrictions

    beginning of year $4,279,155 · end of year $4,750,578

Mission and programs · 2023

Mission

ENRICHING THE LIVES OF ALL MONTANANS THROUGH STRONG COMMUNITY-FOCUSED BANKS.

  • EDUCATIONAL CONFERENCES FOR MEMBERS - ONE OF THE MONTANA BANKERSASSOCIATION'S MAJOR MISSIONS IS TO ENHANCE THE ROLE OF COMMUNITY BANKSAS PREEMINENT PROVIDERS OF FINANCIAL SERVICES THROUGH EDUCATIONPROGRAMS.TO MEET CONTINUING CHANGING MEMBER NEEDS FOR TRAINING AND PROFESSIONALANNUAL CONVENTION FOR MEMBERS - AS STATED IN THE ASSOCIATION'S BYLAWS,DEVELOPMENT, THE MONTANA BANKERS ASSOCIATION PROVIDES A VARIETY OFEDUCATION OPPORTUNITIES FOR MEMBER BANKS AND THEIR EMPLOYEES TO IMPROVEBANK PERFORMANCE BY ENHANCING THEIR DIRECTORS', MANAGERS', ANDEMPLOYEES' KNOWLEDGE AND SKILLS. MONTANA BANKERS ASSOCIATION EDUCATIONCONFERENCES PROVIDE TRAINING IN ALL KEY AREAS OF BANKING, WITH QUALITYCONTENT DEVELOPED BY LEADING INDUSTRY EXPERTS AND DELIVERED THROUGHSEVERAL CHANNELS INCLUDING FACE-TO-FACE, E-LEARNING, WEB-BASED AND TELEPHONE CONFERENCE PROGRAMS.

  • ANNUAL CONVENTION FOR MEMBERS - AS STATED IN THE ASSOCIATION'S BYLAWS,"THE (ASSOCIATION'S) PURPOSE, SHALL BE TO PROMOTE THE GENERAL WELFAREAND USEFULNESS OF THE BANKING INDUSTRY IN MONTANA: TO GIVEOPPORTUNITIES FOR OPEN DISCUSSION AND LAWFUL INTERCHANGE OF INFORMATIONABOUT ALL FACETS OF THE BANKING INDUSTRY IN MONTANA; TO ACCUMULATE ANDGIVE INFORMATION ABOUT THE BANKING INDUSTRY."THE ANNUAL CONVENTION IS THE MAJOR EVENT TO GATHER MEMBERS TOGETHER TOMEET FOR THE ASSOCIATION'S ABOVE REFERENCED PURPOSES AS WELL AS TOSATISFY THE REQUIREMENT FOR THE ANNUAL MEMBERSHIP MEETING. AT THEANNUAL MEETING THE ASSOCIATION'S OFFICERS REPORT TO THE MEMBERSHIP THEASSOCIATION'S ACTIVITIES AND FINANCES FOR THE PAST YEAR AND PROPOSEDPLAN FOR THE UPCOMING YEAR AND GAIN MEMBER INPUT FOR THE ASSOCATION'S ACTIVITIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charlie Pipal

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Scott Klein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allen McCormick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chuck Eble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jenny Nyrgren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kc Hickok

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mike Seppala

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robyn Barta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ron O'Donnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Severson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Cary Hegreberg

    PRESIDENT/CEO

    Total calculated
    $161,777
    From this org
    $0
    From related orgs
    $138,169
    Other
    $23,608
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,169 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,054 related
    Nontaxable benefits
    $0 + $12,554 related
    Filer's total
    $0 + $161,777 related

  • Samuel Sill

    PRESIDENT/CEO

    Total calculated
    $72,477
    From this org
    $0
    From related orgs
    $56,389
    Other
    $16,088
    Hours/week
    20 + 20 related

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

None.

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 3:
THE ORGANIZATION'S PRESIDENT/CEO IS EMPLOYED BY THE RELATED ORGANIZATION, BANCSERVE. THE BANCSERVE BOARD OF DIRECTORS CONDUCTS AN ANNUAL CEO EVALUATION AND SALARY REVIEW. THE BANCSERVE BOARD EVALUATES THE CEO'S PERFORMANCE AND USES A NATIONAL BANKERS ASSOCIATIONS' COMPENSATION AND BENEFITS COMPARABILITY SURVEY IN DETERMINING THE CEO'S SALARY. THE MBA BOARD OF DIRECTOR'S ANNUALLY RATIFIES THE BANCSERVE BOARD'S ANNUAL CEO COMPENSATION ACTIONS.

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

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 corporations and trusts

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

  • BANCSERVE INC

    C · MANAGEMENT SERVICES · MT · 100% owned · share of income $259,485 · share of assets $2,077,886 · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
31 March 2025
IRS schema version
2023v6.0
Source object
202520989349300217

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