Form 990 for tax year 2023

Totals

Total revenue

$19,413,158

Total expenses

$18,495,810

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$19,322,986

Investment income

$90,172

Other revenue

$0

Total assets, end of year

$11,982,683

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$11,982,683

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.

Mission and programs · 2023

• As of December 31, 2023, the ND Banks Benefit Trust (NDBBT) covered approximately 3,078 persons for Health Insurance. In addition, approximately 1,941 persons were covered for Dental Insurance and approximately 1,089 were covered for Vision Insurance at the end of the year.The NDBBT completed and sent out the Form 1095B's to the employees of the participating banks with under 50 employees - and electronically filed the corresponding Form 1094C with the IRS. The Trust also provided guidance on completion of the Forms 1095C and 1094C for the participating banks with over 50 employees.The NDBBT continues to promote and encourage healthy lifestyles through monthly articles published in both the ICBND and NDBA monthly magazines and promoting participation in Blue Cross Blue Shield's Wellness Summits and Wellness Program Trainings.The NDBBT (working through Brown & Brown) offers ancillary benefits (life, AD&D, LTD, STD, voluntary life) to North Dakota banks.The ND BANKS Benefit Trust had 43 participating banks and 2 banking associations in the year from January 1, 2023 - December 31, 2023.

• NDBBT continues to work with Brown & Brown (broker) to provide access to innovative benefits communication tools such as on-demand BrainShark training videos and a mobile app that allows employees to load bank specific benefits information on their phone and other devices. Bank employees and their family members also have access to Medicare Specialists through the Medicare Eligibility Program to help them enroll in and explore the many options available to them through Medicare. The Medicare Eligibility Program is paid for by the NDBBT and is provided at no cost to the bank employees and their family members.

• NDBBT offers the Learn to Live Mental Health program through BCBSND. This is an on-line program that is provided to bank employees and their families (13 and older) at no cost. Learn to Live offers proven on-line programs addressing stress, depression, social anxiety, insomnia and substance use which can be accessed anytime anywhere.NDBBT also offers an Employee Assistance Program to those banks that participate in the ancillary benefits (life, AD&D, LTD, STD, voluntary life) through Mutual of Omaha.

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

Listed in Part VII

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.

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.

• North Dakota Bankers Association

  501(c)(6) · Provide education to its members and promote the banking industry · ND

• Independent Community Banks of North Dakota

  501(c)(6) · To provide information, seminars, and education for member banks · ND

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.

Provenance

Return type

form_990

Tax year

2023

Filed

7 November 2024

IRS schema version

2023v5.1

Source object

202413129349304206

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