Skip to content
Nonprofiteer
← INDEPENDENT COMMUNITY BANKERS OF AMERICA

Form 990 for tax year 2024

Filed by INDEPENDENT COMMUNITY BANKERS OF AMERICA.

Totals

Total revenue
$49,136,177
Total expenses
$48,585,225
Contributions and grants received
$0
Grants paid
$25,540
Program service revenue
$33,592,250
Investment income
$3,689,387
Other revenue
$11,854,540
Total assets, end of year
$304,982,850
Total liabilities, end of year
$32,171,475
Net assets or fund balances, end of year
$272,811,375
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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $21,918,505 · related or exempt $21,918,505

  • 2b · Program service revenue: CONVENTIONS/SEMINARS

    total $10,929,957 · related or exempt $10,926,888 · unrelated business $3,069

  • 2c · Program service revenue: ADVERTISING/MARKETING

    total $743,788 · unrelated business $743,788

  • 3 · Investment income

    total $5,192,997 · excluded $5,192,997

  • 5 · Royalties

    total $11,219,510 · unrelated business $579,598 · excluded $10,639,912

  • 7a · Gross sales of assets other than inventory

    securities $42,231,811

  • 7b · Less cost or other basis and sales expenses

    securities $43,727,527 · other assets $7,894

  • 7c · Gain or loss

    securities -$1,495,716 · other assets -$7,894

  • 7d · Net gain or loss

    total -$1,503,610 · excluded -$1,503,610

  • 11a · Other revenue: ISN SERVICE CONTRACT

    total $377,325 · unrelated business $377,325

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $257,705 · related or exempt $257,705

  • 11e · Other revenue, total

    $635,030

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,540

  • 5 · Compensation of officers, directors and key employees

    total $6,174,949

  • 6 · Compensation of disqualified persons

    total $259,779

  • 7 · Other salaries and wages

    total $16,135,571

  • 8 · Pension plan contributions

    total $1,013,906

  • 9 · Other employee benefits

    total $2,492,197

  • 10 · Payroll taxes

    total $1,527,281

  • 11b · Fees: legal

    total $1,032,540

  • 11c · Fees: accounting

    total $161,168

  • 11f · Fees: investment management

    total $315,083

  • 11g · Fees: other

    total $2,364,513

  • 12 · Advertising and promotion

    total $2,568,761

  • 13 · Office expenses

    total $785,312

  • 14 · Information technology

    total $1,177,534

  • 16 · Occupancy

    total $1,222,738

  • 17 · Travel

    total $2,696,520

  • 19 · Conferences, conventions and meetings

    total $5,502,869

  • 20 · Interest

    total $165,981

  • 22 · Depreciation, depletion and amortization

    total $416,431

  • 24a · Other expenses: OTHER EXPENSES

    total $1,457,641

  • 24b · Other expenses: TAXES

    total $540,751

  • 24c · Other expenses: SUBSCRIPTIONS

    total $372,974

  • 24d · Other expenses: SPORTING EVENTS

    total $175,186

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,371,565 · end of year $6,866,270

  • 2 · Savings and temporary cash investments

    beginning of year $15,418,574 · end of year $17,392,021

  • 4 · Accounts receivable

    beginning of year $11,186,068 · end of year $5,934,417

  • 5 · Loans and receivables from officers and key people

    beginning of year $11,176,488 · end of year $11,176,488

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,496,890 · end of year $2,883,565

  • 10a · Land, buildings and equipment: cost or other basis

    $11,215,902

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,375,520

  • 10c · Land, buildings and equipment, net

    beginning of year $1,378,836 · end of year $1,840,382

  • 11 · Investments: publicly traded securities

    beginning of year $130,174,436 · end of year $131,594,757

  • 12 · Investments: other securities

    beginning of year $106,624,836 · end of year $124,325,578

  • 15 · Other assets

    beginning of year $4,571,303 · end of year $2,969,372

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,855,143 · end of year $5,043,612

  • 19 · Deferred revenue

    beginning of year $20,700,705 · end of year $22,129,685

  • 21 · Escrow or custodial account liability

    beginning of year $863,590 · end of year $871,174

  • 25 · Other liabilities

    beginning of year $7,781,008 · end of year $4,127,004

  • 27 · Net assets without donor restrictions

    beginning of year $257,198,550 · end of year $272,811,375

Mission and programs · 2024

Mission

CREATE AND PROMOTE AN ENVIRONMENT WHERE COMMUNITY BANKS FLOURISH.

  • PUBLICATIONS-ICBA'S MANY PUBLICATIONS INFORM MEMBERS ABOUT THE TRENDS AND ISSUES AFFECTING THE COMMUNITY BANKING INDUSTRY, INCLUDING AWARD WINNING INDEPENDENT BANKER MAGAZINE AND ICBA NEWSWATCH TODAY. EDUCATION-ICBA PROVIDES COMMUNITY BANKERS WITH EDUCATION TO MEET THEIR TECHNOLOGY, OPERATIONS, AND COMPLIANCE NEEDS. ICBA OFFERS SUPERIOR SEMINARS, PRODUCTS, AND ONLINE TRAINING THAT BRINGS TOP INDUSTRY KNOWLEDGE TO MEMBERS. ALL COURSES ARE REVIEWED AND APPROVED BY A COMMITTEE OF COMMUNITY BANKERS BEFORE THEY BECOME AVAILABLE.CONTINUED ON SCHEDULE O. ICBA LIVE-ICBA'S ANNUAL CONVENTION IS THE LARGEST EDUCATIONAL GATHERING OF COMMUNITY BANKERS. THE EDUCATIONAL OPPORTUNITIES AT THIS NATIONAL EVENT KEEP BANKERS UP TO DATE ON THE LATEST TRENDS AND INNOVATIONS IMPACTING THEIR BANK.BANK DIRECTOR PROGRAM-ICBA'S BANK DIRECTOR PROGRAM OFFERS DIRECTORS ESSENTIAL INFORMATION, IN-DEPTH EDUCATIONAL PROGRAMS AND CONVENIENCE. OVER 5,000 PARTICIPANTS NETWORK WITH OTHER COMMUNITY BANK DIRECTORS FROM ACROSS THE COUNTRY TO KEEP "COMMUNITY" IN THEIR COMMUNITY BANKS.MARKETING RESOURCES-ICBA OFFERS MARKETING RESOURCE PROGRAMS DESIGNED TO HELP MEMBERS FIND COST-EFFECTIVE AND TIME-SAVING WAYS TO PROMOTE THEIR BANKS.CONSUMER EDUCATION AND RESOURCES-ICBA HAS FORMED ALLIANCES WITH VARIOUS ORGANIZATIONS TO PROVIDE EDUCATION AND RESOURCES FOR MEMBERS AND THEIR COMMUNITIES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALICE FRAZIER

    VICE CHAIRMAN

    Total calculated
    $15,662
    From this org
    $15,662
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ANITA DRENTLAW

    DIRECTOR

    Total calculated
    $3,819
    From this org
    $3,819
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BRAD BOLTON

    PAST CHAIRMAN

    Total calculated
    $24,159
    From this org
    $24,159
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • BRENDA FOSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEREK WILLIAMS

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $20,048
    From this org
    $20,048
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DOUGLAS PARROTT

    DIRECTOR

    Total calculated
    $1,379
    From this org
    $1,379
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • GAY DEMPSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACK HARTINGS

    DIRECTOR UNTIL MARCH 2024

    Total calculated
    $3,741
    From this org
    $3,741
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JACK HOPKINS

    CHAIRMAN ELECT

    Total calculated
    $29,418
    From this org
    $28,734
    From related orgs
    $684
    Other
    $0
    Hours/week
    1

  • JAMES SILLS III

    SECRETARY

    Total calculated
    $4,695
    From this org
    $4,695
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JILL SUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN 'JV' EVANS III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUCAS WHITE

    CHAIRMAN

    Total calculated
    $28,444
    From this org
    $27,389
    From related orgs
    $1,055
    Other
    $0
    Hours/week
    1

  • MICHAEL BURKE JR

    DIRECTOR

    Total calculated
    $3,884
    From this org
    $3,536
    From related orgs
    $348
    Other
    $0
    Hours/week
    1

  • NOAH WILCOX

    PAST CHAIRMAN

    Total calculated
    $11,698
    From this org
    $11,698
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • PETER NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • QUENTIN LEIGHTY

    TREASURER

    Total calculated
    $3,679
    From this org
    $3,679
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • REBECA ROMERO RAINEY

    PRESIDENT/CEO

    Total calculated
    $2,335,660
    From this org
    $2,284,630
    From related orgs
    $0
    Other
    $51,030
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $1,798,053
    Bonus
    $472,500
    Other
    $14,077
    Deferred
    $20,700
    Nontaxable benefits
    $30,330
    Filer's total
    $2,335,660

  • ROBERT FISHER

    PAST CHAIRMAN

    Total calculated
    $13,156
    From this org
    $13,156
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • SARAH GETZLAFF

    DIRECTOR

    Total calculated
    $5,695
    From this org
    $5,350
    From related orgs
    $345
    Other
    $0
    Hours/week
    1

  • SHON MYERS

    DIRECTOR

    Total calculated
    $3,251
    From this org
    $3,251
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • THOMAS BATES JR

    DIRECTOR UNTIL MARCH 2024

    Total calculated
    $1,648
    From this org
    $1,648
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • VERLIN BARKER

    DIRECTOR

    Total calculated
    $5,184
    From this org
    $5,184
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ALEX GALEANO

    SEVP CHIEF FINANCE AND ADMINISTRATIVE OFFICER

    Total calculated
    $650,872
    From this org
    $602,711
    From related orgs
    $0
    Other
    $48,161
    Hours/week
    25 + 20 related

    Schedule J breakdown matched by us

    Base
    $464,038
    Bonus
    $133,300
    Other
    $5,373
    Deferred
    $20,700
    Nontaxable benefits
    $27,461
    Filer's total
    $650,872

  • ANNE BALCER

    SEVP CHIEF GOVERNMENT RELATIONS & PUBLIC POLICY

    Total calculated
    $675,604
    From this org
    $631,613
    From related orgs
    $0
    Other
    $43,991
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $527,619
    Bonus
    $95,275
    Other
    $8,719
    Deferred
    $20,400
    Nontaxable benefits
    $23,591
    Filer's total
    $675,604

  • KEVIN TWEDDLE

    SEVP INNOVATION

    Total calculated
    $627,890
    From this org
    $576,860
    From related orgs
    $0
    Other
    $51,030
    Hours/week
    25 + 20 related

    Schedule J breakdown matched by us

    Base
    $487,973
    Bonus
    $80,224
    Other
    $8,663
    Deferred
    $20,700
    Nontaxable benefits
    $30,330
    Filer's total
    $627,890

  • LINDSAY LANORE

    SEVP CHIEF LEARNING & EXPERIENCE OFFICER

    Total calculated
    $451,613
    From this org
    $398,183
    From related orgs
    $0
    Other
    $53,430
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $338,718
    Bonus
    $56,196
    Other
    $3,269
    Deferred
    $20,700
    Nontaxable benefits
    $32,730
    Filer's total
    $451,613

  • PRABHASH SHRESTHA

    EVP CHIEF DIGITAL STRATEGY OFFICER

    Total calculated
    $427,715
    From this org
    $391,225
    From related orgs
    $0
    Other
    $36,490
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $329,946
    Bonus
    $60,384
    Other
    $895
    Deferred
    $12,310
    Nontaxable benefits
    $24,180
    Filer's total
    $427,715

  • ROBERT BIRGFELD

    EVP CHIEF MARKETING OFFICER

    Total calculated
    $406,204
    From this org
    $352,174
    From related orgs
    $0
    Other
    $54,030
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $295,240
    Bonus
    $54,307
    Other
    $2,627
    Deferred
    $20,700
    Nontaxable benefits
    $33,330
    Filer's total
    $406,204

  • VALERIE UTSEY

    EVP CHIEF PEOPLE OFFICER

    Total calculated
    $422,263
    From this org
    $370,902
    From related orgs
    $0
    Other
    $51,361
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $311,389
    Bonus
    $56,425
    Other
    $3,088
    Deferred
    $20,700
    Nontaxable benefits
    $30,661
    Filer's total
    $422,263

  • CHARLES POTTS

    EVP INNOVATION

    Total calculated
    $368,376
    From this org
    $318,874
    From related orgs
    $0
    Other
    $49,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,769
    Bonus
    $28,325
    Other
    $3,780
    Deferred
    $19,172
    Nontaxable benefits
    $30,330
    Filer's total
    $368,376

  • CHRISTOPHER COLE

    EVP SENIOR REGULATORY COUNSEL

    Total calculated
    $348,073
    From this org
    $301,962
    From related orgs
    $0
    Other
    $46,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,709
    Bonus
    $26,162
    Other
    $10,091
    Deferred
    $31,708
    Nontaxable benefits
    $14,403
    Filer's total
    $348,073

  • LILLIANE THOMAS

    EVP REGULATORY RELATIONS

    Total calculated
    $408,861
    From this org
    $357,831
    From related orgs
    $0
    Other
    $51,030
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,357
    Bonus
    $34,650
    Other
    $2,824
    Deferred
    $20,700
    Nontaxable benefits
    $30,330
    Filer's total
    $408,861

  • PAUL MERSKI

    EVP CONGRESSIONAL RELATIONS

    Total calculated
    $495,561
    From this org
    $448,770
    From related orgs
    $0
    Other
    $46,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,796
    Bonus
    $43,281
    Other
    $5,693
    Deferred
    $20,700
    Nontaxable benefits
    $26,091
    Filer's total
    $495,561

  • WILLIAM PUSEY

    EVP MEMBER RELATIONS

    Total calculated
    $330,722
    From this org
    $299,778
    From related orgs
    $0
    Other
    $30,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,823
    Bonus
    $82,769
    Other
    $6,186
    Deferred
    $17,711
    Nontaxable benefits
    $13,233
    Filer's total
    $330,722

  • CAMDEN FINE

    FORMER PRESIDENT/CEO

    Total calculated
    $131,649
    From this org
    $131,649
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $131,649
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $131,649

  • TERRY JORDE

    FORMER SEVP CHIEF OF STAFF

    Total calculated
    $128,130
    From this org
    $128,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $128,130
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $128,130

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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
FIRST-CLASS TRAVEL: FIRST-CLASS TRAVEL IS ALLOWED FOR CERTAIN EXCEPTIONS DEPENDING ON TRAVEL TIME. TRAVEL FOR COMPANIONS: COMPANION TRAVEL REIMBURSEMENT IS PROVIDED TO BOARD MEMBERS AND SENIOR STAFF AS THEY ATTEND CERTAIN MEETINGS AND EVENTS OF THE ORGANIZATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE AMOUNT FOR THE COMPANION TRAVEL IS GROSSED-UP AND INCLUDED IN APPROPRIATE TAX FORMS. HEALTH/SOCIAL CLUB DUES: ICBA PAYS FOR THE DUES TO THE UNIVERSITY CLUB OF WASHINGTON DC FOR CERTAIN SENIOR STAFF. ITEMS THAT ARE PERSONAL IN NATURE ARE REPORTED AS TAXABLE WAGES.
PART I, LINES 4A-B
DUE TO A CONFIDENTIALITY AGREEMENT, ANY SEVERANCE, OR CHANGE OF CONTROL PAYMENTS ARE NOT REPORTED IN DETAIL HERE. CAMDEN FINE, TRICIA HOPKINS AND TERRY JORDE PARTICIPATED IN A SPLIT-DOLLAR LIFE INSURANCE PLAN.
SCHEDULE J, PART II, COLUMN C:
ICBA MAINTAINS A MULTIEMPLOYER DEFINED BENEFIT PLAN WHICH WAS FROZEN ON 1/1/2012. FOR ELIGIBLE EMPLOYEES, IN ACCORDANCE WITH IRS GUIDELINES, THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF AN EMPLOYEES ACCOUNT ARE REFLECTED IN SCHEDULE J, COLUMN C- RETIREMENT AND OTHER DEFERRED COMPENSATION.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ICBA VENTURES LLC

    OPPORTUNITY FUND INVESTMENTS · DE · income $454,365 · assets $1,871,189

    Directly controlled by INDEPENDENT COMMUNITY BANKERS OF AMERICA

Related corporations and trusts

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

  • ICBA SERVICES NETWORK

    C · HOLDING COMPANY · DE · 100% owned · share of income $4,362,585 · share of assets $78,147,306 · controlled entity

    Directly controlled by ICBA CONSOLIDATED HOLDINGS INC

  • ICBA SECURITIES CORPORATION

    C · SECURITIES BROKER · DE · 100% owned · share of income $1,619,375 · share of assets $1,091,551 · controlled entity

    Directly controlled by ICBA SERVICES NETWORK INC

  • ICBA BANCARD INC DBA ICBA PAYMENTS

    C · SERVICES · DE · 100% owned · share of income $71,815,394 · share of assets $145,979,728 · controlled entity

    Directly controlled by ICBA SERVICES NETWORK INC

  • TCM BANK NA

    C · BANKING · FL · 100% owned · share of income $78,075,275 · share of assets $380,474,226 · controlled entity

    Directly controlled by ICBA BANCARD INC

  • ICBA CONSOLIDATED HOLDINGS INC

    C · HOLDING COMPANY · DE · 100% owned · share of income $72,616 · share of assets $110,285,833 · controlled entity

    Directly controlled by INDEPENDENT COMMUNITY BANKERS OF AMERICA

  • USI ALLIANCE INC

    C · SERVICES · TN · 100% owned · share of income $3,082,244 · share of assets $5,028,412 · controlled entity

    Directly controlled by ICBA CONSOLIDATED HOLDINGS INC

  • SENIOR HOUSING CRIME PREVENTION INVESTMENT

    C · SERVICES · TN · 100% owned · share of income $5,573,058 · share of assets $4,511,481 · controlled entity

    Directly controlled by ICBA CONSOLIDATED HOLDINGS INC

  • ICBA REINSURANCE COMPANY LTD

    C · SERVICES · AZ · 100% owned · share of income $1,203,336 · share of assets $6,775,885 · controlled entity

    Directly controlled by ICBA SERVICES NETWORK INC

  • ICBA WELLSERVE

    C · MANAGEMENT SERVICES · DE · 100% owned · share of assets $3,477,381 · controlled entity

    Directly controlled by ICBA SERVICES NETWORK INC

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513159349303876

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.