2024-04-01T06:32:05-05:00 2023-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-01-01 416037469 Independent Community Bankers of Minnesota INDE 6517893981 7900 International Dr Ste 685 Bloomington MN 55425 James Amundson President/CEO 6517893981 2024-03-26 1 James Amundson 999009999 1 Deb Nelson CPA P01264758 6122536500 2024-03-26 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BankIn Minnesota James Amundson 7900 International Dr Ste 685 Bloomington MN 55425 1918103 0 X www.minnesota.bank X 1962 MN Promotes and educates community bank members. 15 15 12 45 0 0 0 0 1698816 1690342 3344 2595 221316 225166 1923476 1918103 0 0 0 0 597755 677517 0 0 0 1242327 1191862 1840082 1869379 83394 48724 2066253 2110177 122408 123971 1943845 1986206 To provide members with the resources and advocacy they need to remain independent, effectively compete in the financial industry, grow their banks, and positively impact the economy in their local communities. 0 0 Convention - The convention provides an opportunity to provide educational networking opportunities for our members. It is also the annual meeting of membership. Advocacy - ICBM is the only banking association in the state that offers exclusive state capital representation for independent community banking.ICBM's government relations department stays abreast of the most recent state and federal legislation affecting Minnesota's independent community bankers. ICBM takes an active role in lobbying on behalf of our members at the state and national level. ICBM organizes opportunities for our members to be in direct contact with members of congress through special meetings and events like ICBM's annual day at the capitol. Education - ICBM provides education for our members using multiple delivery channels including face to face, web enabled, and self-paced and instructor led online. We served over 4,000 bankers with over 150 education offerings. 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 10 0 1 12 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 0 0 1 1 MN X Jim Amundson 6517893980 7900 International Drive Suite 685 Bloomington MN 55425 James Amundson President/CEO 48.00 2.00 X 219321 0 40337 Kevin Christians Executive VP ICBM Insurance/CBFS 0.00 48.00 X 0 136945 6004 Curt Smallbrock VP ICBM Insurance/CBFS 0.00 48.00 X 0 115540 4622 Nicki Wareham VP Dir. of Operations 48.00 0.00 X 101381 0 18033 Peter Nelson Chair Elect/Chair 2.00 0.10 X X 0 0 0 Mark Toombs Chair/Past Chair 2.00 0.10 X X 0 0 0 Anita Vogel-Drantlaw Past Chair (To 6/30/23) 2.00 0.10 X X 0 0 0 Tiffany Baer Paine Vice Chair/Chair Elect 2.00 0.10 X X 0 0 0 Greg Raymo Treasurer/Vice Chair 2.00 0.10 X X 0 0 0 Bill LaVinge Director/Treasurer 2.00 0.10 X X 0 0 0 Gary Timm Director 2.00 0.00 X 0 0 0 Mike Bresnahan Director 2.00 0.00 X 0 0 0 Jacob Jenniges Director 2.00 0.00 X 0 0 0 Michael Bilski Director 2.00 0.00 X 0 0 0 Harry Wahlquist Director 2.00 0.00 X 0 0 0 Randy Dorn Director 2.00 0.00 X 0 0 0 Mark Finstad Director 2.00 0.00 X 0 0 0 Noah Wilcox Director 2.00 0.00 X 0 0 0 Richard Jones Director 2.00 0.00 X 0 0 0 Bernie Gaytko Director 2.00 0.00 X 0 0 0 320702 252485 68996 4 0 1 0 0 Membership Dues 541860 831243 831243 Seminar Registration 541900 415192 415192 Annual Convention 541900 348162 348162 General Services 541900 94850 94850 895 895 1690342 2595 2595 125764 125764 Investment From Subsid 524298 72902 72902 Employee Retention Cre 561499 26500 26500 99402 1918103 1816106 0 101997 244047 326155 17554 34984 54777 86068 50000 119003 49677 83942 90169 105134 23027 544392 23923 Staff Development 7927 Dues and Subscriptions 7215 1385 1869379 899123 749666 105690 338986 87421 135909 40202 25793 185520 143181 39095 42339 894722 676178 0 141306 2066253 2110177 34123 29976 88285 93995 122408 123971 X 1943845 1986206 1943845 1986206 2066253 2110177 48724 -6363 0 X 0 0 0 0 0 1 831243 50000 40 50040 91437 -41397 185520 143181 42339 42339 Investment in Subsidiary 676178 C 676178 Goodwill 141306 141306 X 0 1 0 James Amundson President/CEO 211321 0 8000 0 0 0 27329 0 15839 0 262489 0 0 0 Part I, Line 4b James Amundson, President/CEO, received contributions from the organization to an insurance-based, supplemental income plan in the amount of $18,442. Form 990, Part VI, Section A, line 1a The ICBM Executive Committee is made up of the CEO, Chair, Chair Elect, Vice Chair, Treasurer and Past Chair. The ICBM board delegates authority in some circumstances to act on its behalf. The Executive Committee acts as the Nominating Committee, Audit Committee and in any other capacity as determined by the board from time to time. Form 990, Part VI, Section A, line 6 Members: Any independent commercial bank chartered in Minnesota or a branch or subsidiary of a non-Minnesota chartered bank otherwise eligible for ICBM membership may become a member by payment of annual dues. This class of membership receives voting rights and membership benefits related to the education and resources that the organization provides. Associate Member: Upon approval of the Board of Directors, any corporation, firm or individual which is not a financial institution may become an Associate Member by payment of annual dues. This class of membership does not receive voting rights and receives reduced membership benefits. Form 990, Part VI, Section A, line 7a Board members are elected by a vote of members at the annual meeting in August. Form 990, Part VI, Section A, line 7b Significant changes to the bylaws require a membership vote at the annual meeting and new board members are elected by membership. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed internally by the CEO before filing. Form 990, Part VI, Section B, line 12c Each voting member of the Board shall annually sign a statement which declares whether such person is an independent director. In addition, each director, officer and member of a committee with Board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read, understands and agrees to comply with the policy, c. Understands ICBM is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the Board or Executive Committee. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the Board or Executive Committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or Executive Committee members shall decide if a conflict of interest exists. Form 990, Part VI, Section B, line 15 An annual review is conducted by the Board and the Executive Committee makes compensation recommendations to the Board. This process is completed annually. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest, and financial statements are available to the public upon request. ICBM Education Foundation 2001 Killebrew Drive Suite 350 Bloomington MN 55425 262610395 Supporting organization to ICBM MN 501(c)(3) Line 11a, II Independent Community Bankers of Minnesota 1 Community Bankers Financial Services 7900 International Dr Ste 685 Bloomington MN 55425 273909381 Insurance Agency MN ICBM C 72902 1559669 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Community Bankers Financial Services Q 490567 FMV