2024-05-28T11:22:39-05:00 2023-12-31 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2023-01-01 420999525 IOWA INDEPENDENT BANKERS IOWA 5154531495 521 EAST LOCUST STREET 202 DES MOINES IA 50309 DAVID CARIS CEO 5154531495 2024-05-28 1 DAVID CARIS XXX-XX-XXXX 0 STEVE BRUNER P01266887 5152258400 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z COMMUNITY BANKERS OF IOWA DAVID C CARIS 521 EAST LOCUST STREET 202 DES MOINES IA 50309 729619 0 X WWW.CBIAONLINE.ORG X 1972 IA PROVIDE FRANCHISE ENHANCEMENT TO MEMBERS THROUGH ADVOCACY, NETWORKING, EDUCATION & GROUP PURCHASING 23 22 0 0 0 0 0 0 738891 707994 2804 21625 0 0 741695 729619 0 0 0 0 341546 348726 0 0 0 432281 393536 773827 742262 -32132 -12643 1147744 1203947 719701 788547 428043 415400 X TO PROMOTE PUBLIC ENDORSEMENT OF INDEPENDENT BANKING AND TO SUPPORT AND SECURE AN ENVIROMENT THAT IS FAVORABLE TO INDEPENDENT OWNERSHIP AND LOCAL CONTROL OF IOWA BANKS THROUGH: EFFECTIVELY PROMOTING AND PROTECTING THE INTEREST OF MEMBER BANKS; PROVIDING HIGH QUALITY SERVICE AND PROJECTS TO ENHANCE MEMBER PROFITS; EFFECTIVE LOBBYING FOR FAVORABLE LEGISLATIVE AND REGULATORY ENVIROMENTS; EDUCATING THE PUBLIC ABOUT THE IMPORTANCE OF INDEPENDENT BANKING TO THE SOCIAL AND ECONOMIC WELL-BEING OF THE STATE AND ITS RESIDENTS. 0 0 PROVIDED EDUCATIONAL CLASSES AND NETWORKING SESSIONS TO NEARLY 3,000 BANKERS IN 2023. PROVIDED ADVOCACY FOR INDEPENDENT COMMUNITY BANKERS AT THE STATE LEGISLATURE. THROUGH FOR-PROFIT SUBSIDIARY, INDEPENDENT BANKERS SERVICE CORPORATION, MADE BUSINESS SERVICES AVAILABLE THROUGH VARIOUS PARTNERS TO OUR MEMBERSHIP. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 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 0 0 1 4 0 1 0 1 0 0 0 0 1 1 0 0 0 X 23 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID C CARIS 5154531495 521 E LOCUST STREET STE 202 DES MOINES IA 50312 TIM WOLF PRESIDENT 8.00 X X 0 0 0 CHAD HUDSON VICE PRESIDENT/PRES. ELECT 8.00 X 0 0 0 LUKE BRADY TREASURER 8.00 X 0 0 0 DAVID C CARIS CEO/CFO/BOARD SECRETARY 30.00 10.00 X X 205144 0 8134 MARY HOWELL IMMEDIATE PAST PRESIDENT 8.00 X X 0 0 0 JOHN RUAN IV DIRECTOR 5.00 X X 0 0 0 DOUG TRUEX DIRECTOR 5.00 X 0 0 0 ANNE O'NEIL DIRECTOR 5.00 X 0 0 0 JOSH GRAN DIRECTOR 5.00 X 0 0 0 RYAN MILLIGAN DIRECTOR 5.00 X 0 0 0 FRAN FLECK DIRECTOR 5.00 X 0 0 0 STEVE SPOTTS DIRECTOR 5.00 X 0 0 0 JEREMY BUNKERS DIRECTOR 5.00 X 0 0 0 DAVID STEEN DIRECTOR 5.00 X 0 0 0 BOB KLOCKE DIRECTOR 5.00 X 0 0 0 STEVE NEIGHBOR DIRECTOR 5.00 X 0 0 0 HEIDI BROWN DIRECTOR 5.00 X 0 0 0 GRANT DEAN DIRECTOR 5.00 X 0 0 0 MANDY FIELDER DIRECTOR 5.00 X 0 0 0 DANA UHLENHOPP DIRECTOR 5.00 X 0 0 0 ALAN WEISS DIRECTOR 5.00 X 0 0 0 DAVID EASTBURN EX OFFICIO 5.00 X 0 0 0 KRIS AUSBORN EX OFFICIO 5.00 X 0 0 0 205144 0 8134 1 0 1 0 0 MEMBERSHIP DUES 561499 369007 369007 EVENT INCOME 900099 239166 239166 LEADERS OF TOMORROW 900099 38355 38355 SEMINARS 900099 24991 24991 AG CONFERENCE 900099 14600 14600 21875 21875 707994 21625 21625 729619 407362 0 322257 213278 103456 10937 21055 21000 29625 24000 6463 300 12535 22777 12357 193990 1234 43414 ADMINISTRATIVE 14806 TAXES/LIC/FEES 5768 TELEPHONE 2785 DIRECTOR AND EMPLOYEE E 2482 742262 59441 51824 728009 726423 107513 186324 8913 16466 77222 72531 5192 4691 238676 218219 1147744 1203947 14410 20934 376112 430798 329179 336815 719701 788547 X 428043 415400 428043 415400 1147744 1203947 -12643 0 X X 0 1 X 1 0 0 0 1 369007 24000 35066 59066 44281 14785 SCHEDULE C, PART II-B, LINE 1 LOBBYING FOR CANDIDATES AND LEGISLATION THAT IS BENEFICIAL TO THE NEEDS OF OUR MEMBERSHIP. RETAINER TO LOBBYIST AND LEGAL COUNSEL TO DRAFT AND SUPPORT ISSUES AND LEGISLATION SUPPORTED BY OUR LEGISLATIVE RESOLUTIONS PASSED ANNUALLY AT OUR ANNUAL MEETING. 77222 72531 4691 4691 DEFERRED COMPENSATION - INVESTMENT 91600 OPERATING RIGHT-OF-USE ASSETS 126619 218219 DEFERRED COMPENSATION PAYABLE 91600 DUE TO PARENT - REVOLVING ACCOUNT 113785 OPERATING LEASE LIABILITY 131430 336815 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CBSI IS SUBJECT TO CORPORATION INCOME TAX AND MANAGEMENT HAS DETERMINED THAT NO LIABILITY EXISTS AT DECEMBER 31, 2023 OR 2022. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COMBINED ENTITIES AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE FINANCIAL STATEMENTS. THE ASSOCIATION AND CBSI ARE SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE ENTITIES ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. X X X 0 1 0 DAVID C CARIS CEO/CFO/BOARD SECRETARY 205144 0 0 0 0 0 6154 0 1980 0 213278 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ALL INDEPENDENT BANKS WITHIN THE BOUNDARIES OF THE STATE OF IOWA ARE ELIGIBLE TO BE MEMBERS OF IOWA INDEPENDENT BANKERS UPON APPROVAL BY THE BOARD OF DIRECTORS AND PAYMENT OF SUCH DUES AS MAY FROM TIME TO TIME BE PRESCRIBED. BANKERS' BANKS (INCLUDING THE FEDERAL HOME LOAN BANK OF DES MOINES) AND OUT-OF-STATE BANKS WITH FACILITIES OR CORRESPONDENT RELATIONSHIPS IN IOWA ARE ELIGIBLE TO BE ASSOCIATE MEMBERS OF IOWA INDEPENDENT BANKERS UPON APPROVAL BY THE BOARD OF DIRECTORS AND PAYMENT OF SUCH DUES AS MAY FROM TIME TO TIME BE PRESCRIBED. FORM 990, PART VI, SECTION A, LINE 7A A DELEGATE IS DEFINED TO BE AN OFFICER, DIRECTOR, TRUSTEE, MANAGER OR PARTNER OF A BANKING INSTITUTION HOLDING MEMBERSHIP IN THE CORPORATION. FOR THE ELECTION OF OFFICERS OR THE TRANSACTION OF ANY BUSINESS OF THE CORPORATION WHEREIN A VOTE IS TAKEN, EACH MEMBER BANK SHALL BE ENTITLED TO ONE VOTE WHICH SHALL BE CAST BY ITS PROPERLY ACCREDITED DELEGATE. DELEGATES SHALL VOTE IN PERSON ONLY. NO DELEGATE SHALL REPRESENT MORE THAN ONE MEMBER AND NO MEMBER SHALL BE REPRESENTED BY MORE THAN ONE DELEGATE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED BY THE CEO TO THE BOARD AT A SCHEDULED MEETING OF THE BOARD PRIOR TO THE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, AT THE NOVEMBER BOARD MEETING, THE CONFLICT OF INTEREST, WHISTLEBLOWER, DOCUMENT RETENTION, AND OTHER RELEVANT POLICIES ARE REVIEWED AND DIRECTORS ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST IN ACCORDANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 EACH JANUARY THE EXECUTIVE COMMITTEE MEETS TO DISCUSS AND REVIEW THE CEO'S PERFORMANCE, ADHERANCE TO EMPLOYMENT CONTRACT PROVISIONS, AND OTHER RELEVANT ISSUES. THE EXECUTIVE COMMITTEE THEN CONSIDERS AN APPROPRIATE ADJUSTMENT TO THE CEO'S SALARY BASED ON THE PERFORMANCE OF THE ORGANIZATION AND THE KNOWLEDGE OF BANKING INDUSTRY MEMBERSHIP ORGANIZATIONS CEO SALARY LEVELS. THAT RECOMMENDATION IS THEN TAKEN TO THE FULL BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FORM 990'S ARE MADE AVAILABLE ON REQUEST AT THE IOWA INDEPENDENT BANKERS OFFICES. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. INDEPENDENT BANKERS SERVICE CORPORATION 521 EAST LOCUST STREET SUITE 202 DES MOINES IA 50309 421231527 GROUP PURCHASING IA N/A C 18981 178048 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 INDEPENDENT BANKERS SERVICE CORPORATION A 9761 GAAP INDEPENDENT BANKERS SERVICE CORPORATION O 141000 GAAP