Nonprofit · EIN 46-0191650
SOUTH DAKOTA BANKERS ASSOCIATION
Tax-exempt · PIERRE, SD 57501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,742,804 | $1,314,844 | $427,960 | $5,621,109 | $209,144 | $5,411,965 |
| December 31, 2023 | 990 | $1,859,941 | $1,404,382 | $455,559 | $5,149,721 | $165,641 | $4,984,080 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $568,139
- Investment income
- $502,388
- Net gain from sales of assets
- $23,847
- Other revenue
- $672,277
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $463,168
- Other salaries and wages
- $120,927
- Salaries, compensation and benefits (total)
- $646,416
- Professional fundraising fees
- $0
- Legal fees
- $50,144
- Accounting fees
- $22,461
- Travel
- $1,680
- Depreciation
- $15,526
Balance sheet and other
- Total assets, start of year
- $5,149,721
- Total assets, end of year
- $5,621,109
- Total liabilities, end of year
- $209,144
- Net assets, end of year
- $5,411,965
- Land, buildings and equipment
- $493,994
- Publicly traded securities
- $1,253,142
- Net assets without donor restrictions
- $5,411,965
- Gross unrelated business income
- $34,573
- Gross receipts
- $1,816,088
- Employees
- 6
- Year formed
- 1971
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARLTON ADAM | PRESIDENT Officer | 40 | $289,000 | $37,375 |
| HALLEY LEE | ADM. V-PRES Officer | 40 | $117,520 | $19,273 |
| DAVID D NELSON | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PETE MEHLHAFF | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| NATHAN FRANZEN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEITH KNUPPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DYLAN CLARKSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MCGRATH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PENNIE LUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRY FITZKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUSTY PETERSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMIE DOOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD CHRISTOFFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAMERON BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTA TSCHETTER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARLTON ADAM | PRESIDENT Officer | 40 | $261,000 | $35,279 |
| HALLEY LEE | ADM. V-PRES Officer | 40 | $112,346 | $20,449 |
| DAVID BANGASSER | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID D NELSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PETE MEHLHAFF | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| NATHAN FRANZEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH KNUPPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DYLAN CLARKSON | CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MCGRATH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PENNIE LUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRY FITZKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUSTY PETERSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMIE DOOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD CHRISTOFFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAMERON BECKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEREK NOLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 109 W MISSOURI AVE, PIERRE, SD 57501-4505
- Principal officer (990 for 2024)
- KARLTON ADAM, 109 WEST MISSOURI AVE, PIERRE, SD 57501
- Signed the 990
- KARLTON ADAM, PRESIDENT
- Phone
- (605) 224-1653
- Website
- WWW.SDBA.COM
- Return prepared by
- CLAUSEN & RICE INC
Mission
PROMOTE WELFARE AND USEFULNESS OF BANKS AND FINANCIAL INSTITUIONS
Program accomplishments
- COORDINATE CONFERENCE, CONVENTIONS, TRAINING AND PROVIDE A MONTHLY NEWSLETTER TO KEEP MEMBERS INFORMED OF CURRENT RELEVANT TOPICS AND ENCOURAGE CONTINUING EDUCATION AMONG MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0191650
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,621,109
- Income (IRS master file)
- $1,816,088
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,742,804 | $1,314,844 | $5,621,109 | XML |
| 990 | December 2023 | $1,859,941 | $1,404,382 | $5,149,721 | XML |
| 990 | December 2022 | $1,620,576 | $1,160,440 | $4,543,463 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0191650).
Questions about SOUTH DAKOTA BANKERS ASSOCIATION
- What is the EIN of SOUTH DAKOTA BANKERS ASSOCIATION?
- The employer identification number (EIN) of SOUTH DAKOTA BANKERS ASSOCIATION is 46-0191650.
- Is SOUTH DAKOTA BANKERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
- Are donations to SOUTH DAKOTA BANKERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH DAKOTA BANKERS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTH DAKOTA BANKERS ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH DAKOTA BANKERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTH DAKOTA BANKERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names KARLTON ADAM.
- Who are the officers and directors of SOUTH DAKOTA BANKERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $289,000 (KARLTON ADAM, PRESIDENT).
- How much revenue does SOUTH DAKOTA BANKERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,742,804, expenses of $1,314,844 and total assets of $5,621,109 at year end.
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