Form 990 for tax year 2024
Filed by NORTH DAKOTA BANKERS ASSOCIATION.
Totals
- Total revenue
- $1,664,052
- Total expenses
- $1,742,310
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,268,810
- Investment income
- $46,595
- Other revenue
- $348,647
- Total assets, end of year
- $3,660,243
- Total liabilities, end of year
- $751,595
- Net assets or fund balances, end of year
- $2,908,648
- 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 $670,805 · related or exempt $670,805
-
2b · Program service revenue: CONFERENCES - CONVENTI
total $598,005 · related or exempt $598,005
-
3 · Investment income
total $46,595 · excluded $46,595
-
11a · Other revenue: NDBA SERVICES SALARY
total $256,733 · related or exempt $256,733
-
11b · Other revenue: K-1 RENTAL INCOME (LOS
total $52,015 · unrelated business $52,015
-
11c · Other revenue: ADVERTISING
total $35,510 · unrelated business $35,510
-
11d · All other revenue
total $4,389 · related or exempt $4,389
-
11e · Other revenue, total
$348,647
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $311,207
-
7 · Other salaries and wages
total $515,076
-
8 · Pension plan contributions
total $56,791
-
9 · Other employee benefits
total $57,721
-
10 · Payroll taxes
total $35,722
-
11b · Fees: legal
total $88,347
-
11c · Fees: accounting
total $23,484
-
12 · Advertising and promotion
total $699
-
13 · Office expenses
total $22,419
-
16 · Occupancy
total $65,898
-
17 · Travel
total $58,581
-
20 · Interest
total $349
-
22 · Depreciation, depletion and amortization
total $36,946
-
24a · Other expenses: SEMINARS, TRAINING, CON
total $337,718
-
24b · Other expenses: PUBLIC RELATIONS
total $82,075
-
24c · Other expenses: TAXES
total $22,276
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $17,646
-
24e · All other expenses
total $9,355
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $250,998 · end of year $150,124
-
2 · Savings and temporary cash investments
beginning of year $1,100,000 · end of year $1,100,000
-
4 · Accounts receivable
beginning of year $424,371 · end of year $435,430
-
7 · Other notes and loans receivable
beginning of year $40,784 · end of year $32,399
-
9 · Prepaid expenses and deferred charges
beginning of year $25,331 · end of year $20,234
-
10a · Land, buildings and equipment: cost or other basis
$1,146,767
-
10b · Land, buildings and equipment: accumulated depreciation
$541,488
-
10c · Land, buildings and equipment, net
beginning of year $653,526 · end of year $605,279
-
12 · Investments: other securities
beginning of year $1,226,983 · end of year $1,298,287
-
15 · Other assets
beginning of year $26,839 · end of year $18,490
-
17 · Accounts payable and accrued expenses
beginning of year $103,359 · end of year $71,985
-
19 · Deferred revenue
beginning of year $643,351 · end of year $656,406
-
25 · Other liabilities
beginning of year $34,505 · end of year $23,204
-
27 · Net assets without donor restrictions
beginning of year $2,967,617 · end of year $2,908,648
Mission and programs · 2024
Mission
EXTRAORDINARY LEADERSHIP FOR NORTH DAKOTA BANKS
Activities or mission (Part I)
PROVIDE EDUCATION TO ITS MEMBERS THROUGH CONFERENCES, SEMINARS, MAILINGS AND TO PROMOTE THE BANKING INDUSTRY.
-
PROVIDE EDUCATION TO MEMBERS AND PROMOTE THE BANKING INDUSTRY TO THE PUBLIC THROUGH CONFERENCES, SEMINARS AND MAILINGS.
As filed on the 2024 return.
Listed in Part VII
-
Bernie SinnerBERNIE SINNER
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jamie NelsonJAMIE NELSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Duane BowmanDUANE BOWMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Pat ArtzPAT ARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deneen AxtmanDENEEN AXTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paige BjornsonPAIGE BJORNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gregg GessGREGG GESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tory HartTORY HART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Savanna HendricksonSAVANNA HENDRICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pete JahnerPETE JAHNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Randy KnudsvigRANDY KNUDSVIG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Amy MazigianAMY MAZIGIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tara McFaddenTARA MCFADDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Drew OlafsonDREW OLAFSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ladawn SchmittLADAWN SCHMITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joe WatzkeJOE WATZKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rick ClayburghRICK CLAYBURGH
PRESIDENT/CEO
- Total calculated
- $305,867
- From this org
- $268,397
- From related orgs
- $0
- Other
- $37,470
- Hours/week
- 32 + 8 related
Schedule J breakdown matched by us
- Base
- $268,397
- Bonus
- $0
- Other
- $0
- Deferred
- $28,284
- Nontaxable benefits
- $9,186
- Filer's total
- $305,867
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 · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- THE ASSOCIATION PROVIDES FOR SPOUSAL TRAVEL AND CLUB DUES FOR THE PRESIDENT. THESE BENEFITS ARE REPORTED AS TAXABLE BENEFITS ON THE PRESIDENT'S W-2.
- PART I, LINE 3
- BOARD REVIEWS OTHER ORGANIZATIONS COMPENSATION FOR SIMILAR POSITIONS AND APPROVES ANY CHANGES.
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MAIN AVENUE PROPERTIES LLC
UNRELATED DEBT FIN. · RENTAL REAL ESTATE-DEBT FINANCED · ND · 51% owned · share of income $51,057 · share of assets $820,493 · general or managing partner
Directly controlled by NDBA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NDBA SERVICES INC
C · PROMOTION OF BANKING PRODUCTS · ND · 100% owned · share of income $71,496 · share of assets $1,047,842 · controlled entity
Directly controlled by NDBA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542809349301604
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