Form 990 for tax year 2023
Filed by SOUTH DAKOTA BANKERS ASSOCIATION.
Totals
- Total revenue
- $1,859,941
- Total expenses
- $1,404,382
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $604,886
- Investment income
- $430,978
- Other revenue
- $824,077
- Total assets, end of year
- $5,149,721
- Total liabilities, end of year
- $165,641
- Net assets or fund balances, end of year
- $4,984,080
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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 $553,057 · related or exempt $553,057
-
2b · Program service revenue: SD BANKERS MAGAZINE
total $51,829 · unrelated business $51,829
-
3 · Investment income
total $432,410 · related or exempt $373,247 · excluded $59,163
-
7a · Gross sales of assets other than inventory
securities $36,000
-
7b · Less cost or other basis and sales expenses
securities $37,432
-
7c · Gain or loss
securities -$1,432
-
7d · Net gain or loss
total -$1,432 · related or exempt -$1,432
-
11a · Other revenue: CONFERENCES & CONVENTIONS
total $432,410 · excluded $432,410
-
11b · Other revenue: EDUCATIONAL ACTIVITIES
total $298,410 · excluded $298,410
-
11c · Other revenue: ADMINISTRATIVE FEES
total $83,000 · related or exempt $83,000
-
11d · All other revenue
total $10,257 · related or exempt $10,257
-
11e · Other revenue, total
$824,077
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $429,074
-
7 · Other salaries and wages
total $142,683
-
8 · Pension plan contributions
total $4,706
-
9 · Other employee benefits
total $19,800
-
10 · Payroll taxes
total $32,971
-
11b · Fees: legal
total $44,153
-
11c · Fees: accounting
total $21,477
-
11d · Fees: lobbying
total $18,638
-
13 · Office expenses
total $37,543
-
17 · Travel
total $5,107
-
19 · Conferences, conventions and meetings
total $253,604
-
22 · Depreciation, depletion and amortization
total $17,730
-
23 · Insurance
total $22,092
-
24a · Other expenses: EDUCATION SERVICES
total $155,280
-
24b · Other expenses: OUTSTATE CONFERENCES
total $36,292
-
24c · Other expenses: READERSHIP COSTS
total $36,048
-
24d · Other expenses: PRINTING & PUBLICATIONS
total $33,933
-
24e · All other expenses
total $93,251
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $880,558 · end of year $1,227,274
-
2 · Savings and temporary cash investments
beginning of year $1,400,000 · end of year $1,400,000
-
4 · Accounts receivable
beginning of year $20,202 · end of year $36,408
-
9 · Prepaid expenses and deferred charges
beginning of year $16,213 · end of year $23,035
-
10a · Land, buildings and equipment: cost or other basis
$1,069,349
-
10b · Land, buildings and equipment: accumulated depreciation
$559,829
-
10c · Land, buildings and equipment, net
beginning of year $527,250 · end of year $509,520
-
11 · Investments: publicly traded securities
beginning of year $1,070,448 · end of year $1,166,139
-
12 · Investments: other securities
beginning of year $628,792 · end of year $787,345
-
17 · Accounts payable and accrued expenses
beginning of year $20,458 · end of year $82,409
-
19 · Deferred revenue
beginning of year $23,794 · end of year $83,232
-
27 · Net assets without donor restrictions
beginning of year $4,499,211 · end of year $4,984,080
Mission and programs · 2023
Mission
PROMOTE WELFARE AND USEFULNESS OF BANKS AND FINANCIAL INSTITUIONS
-
COORDINATE CONFERENCE, CONVENTIONS, TRAINING AND PROVIDE A MONTHLY NEWSLETTER TO KEEP MEMBERS INFORMED OF CURRENT RELEVANT TOPICS AND ENCOURAGE CONTINUING EDUCATION AMONG MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Karlton AdamKARLTON ADAM
PRESIDENT
- Total calculated
- $296,279
- From this org
- $261,000
- From related orgs
- $0
- Other
- $35,279
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,000
- Bonus
- $30,000
- Other
- not reported
- Deferred
- $35,279
- Nontaxable benefits
- not reported
- Filer's total
- $296,279
-
David BangasserDAVID BANGASSER
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
David D NelsonDAVID D NELSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Pete MehlhaffPETE MEHLHAFF
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nathan FranzenNATHAN FRANZEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith KnuppeKEITH KNUPPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dylan ClarksonDYLAN CLARKSON
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
John McGrathJOHN MCGRATH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pennie LutzPENNIE LUTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Halley LeeHALLEY LEE
ADM. V-PRES
- Total calculated
- $132,795
- From this org
- $112,346
- From related orgs
- $0
- Other
- $20,449
- Hours/week
- 40
-
Terry FitzkeTERRY FITZKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dusty PetersenDUSTY PETERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie DooleyJAMIE DOOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd ChristofferTODD CHRISTOFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cameron BeckerCAMERON BECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Derek NolanDEREK NOLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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
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 corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SD BANKERS INSURANCE & SERVICES
C CORP · INSURANCE · SD · 100% owned · share of income $1,154,785 · share of assets $915,214
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423199349312157
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