2025-04-10T12:39:12-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 411329720 Minnesota Bankers Association MINN 9528353900 8050 Washington Avenue South 150 Eden Prairie MN 55344 Joseph Witt President 9528353900 2025-04-04 1 1 Deb Nelson CPA P01264758 6122536500 2025-04-02 2023 2025-03-06 01:10:19Z X Joseph Witt 8050 Washington Avenue South 150 Eden Prairie MN 55344 3926082 0 X www.minnbankers.com X 1889 MN MBA promotes the general welfare and best interests of Minnesota banks. 12 11 23 500 0 0 0 0 3275938 3418137 70445 131493 209116 232656 3555499 3782286 0 10000 0 0 2052116 2102554 0 0 0 1712329 1912623 3764445 4025177 -208946 -242891 8159105 8013518 648119 526336 7510986 7487182 X Our mission is to provide quality products and services to our members and to ensure that they receive excellent value for their membership. 0 0 Through MBA's general and educational funds, the association provides a variety of services to its member banks located in Minnesota, including educational programs offered through its banking schools and a variety of supportin gproducts, materials, and assistance to its members. MBA's education programs assist bankers at all levels in developing professional and techincal skills, from entry level programs to bank management programs. Education programs are offered in a variety of formats from half-day to week-long intensive schools, classrooms, online and webinars. MBA offes programs in bank compliance, general banking, human resources, bank security, operations, agricultural lending, commercial lending, retail lending and marketing. MBA produces seven manuals on different subject matters in banking: safe deposit, record retention, deposit accounts procedures, real estate lending, consumer lending, commercial lending and agricultural lending. In addition, MBA produces an annual compensation survey. MBA promotes advocacy with the elected leaders through programs that facilitates meetings of bankers and elected federal and state leaders. 0 0 0 1 0 0 0 0 0 1 0 1 0 0 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 1 1 1 0 0 1 35 0 1 23 1 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X Doug Tate 9528353900 8050 Washington Ave S Ste 150 Eden Prairie MN 55344 Joseph Witt President/CEO 29.90 10.10 X X 442753 0 67112 Doug Tate Chair 3.00 1.00 X X 0 0 0 Andy Schornack Vice Chair/Treasurer 3.00 1.00 X X 0 0 0 Rich Hoban Immediate Past Chair 3.00 1.00 X X 0 0 0 Ralph Pace Director 3.00 1.00 X 0 0 0 Greg Evans Director 3.00 1.00 X 0 0 0 John Ohlin Director 3.00 1.00 X 0 0 0 Troy Rosenbrook Director 3.00 1.00 X 0 0 0 Erin Procko Director 3.00 1.00 X 0 0 0 Jim Boerjan Director 3.00 1.00 X 0 0 0 Josh Johnson Director 3.00 1.00 X 0 0 0 Brian Matzke Director 3.00 1.00 X 0 0 0 Tess Rice General Counsel 38.00 2.00 X 235554 0 39348 Jay Tamborino IT Consultant 2.00 38.00 X 213968 0 26785 Diane Brower HR Director 34.70 5.30 X 135914 0 33185 Carla Bush Director of Education 39.00 1.00 X 152194 0 11898 Tom Boswell-Healey Compliance Consultant 5.60 34.40 X 140870 0 10279 Therese Kuvaas Senior GR Manager 39.00 1.00 X 126927 0 21834 1448180 0 210441 10 0 1 0 0 Membership Dues 524298 1968876 1968876 Registration Revenue 524298 1256730 1256730 Special Project Revenu 524298 168589 168589 23942 23942 3418137 149278 149278 24899 24899 325359 117602 207757 207757 207757 8409 0 26194 8409 -26194 -17785 -17785 3782286 3418137 0 364149 10000 836665 1016104 71140 67356 111289 300109 34100 77626 7563 152260 58949 275048 64860 318654 96678 29470 Food and Beverage 383426 Misc. Program Expenses 100923 Dues and Subscription 12957 4025177 176818 147843 4181370 3992266 352852 235717 125359 131184 3624227 1953001 1604051 1671226 611869 509409 1106786 1325873 8159105 8013518 409822 298277 238297 228059 648119 526336 X 7450674 7426870 60312 60312 7510986 7487182 8159105 8013518 X -242891 219087 X 0 1 X 1 0 0 0 1 1968876 157247 157247 275643 -118396 1111827 1111827 1243939 767981 475958 15310 12325 2985 1253151 1172695 80456 1671226 Investments in Related Entity 1325873 C 1325873 X 4704890 778808 778808 3926082 -143796 -143796 3782286 4653323 628148 628148 4025175 2 2 4025177 Part X, Line 2: MBA believes that the entity has appropriate support for any tax positions take affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: MBA Insurance and Services, Inc. Revenues Included in Consolidated Financial Statements Excluded for Tax Purposes 1,062,788. Eliminating Entry in Consolidated Financial Statements -283,980. Part XI, Line 4b - Other Adjustments: Rental Expenses Reclassed for Tax Purposes -117,602. Gain/Loss on Sale of Assets Reclassed for Tax Purposes -26,194. Part XII, Line 2d - Other Adjustments: Rental Expenses Reclassed for Tax Purposes 117,602. MBA Insurance and Services, Inc. Expenses Included in Consolidated Financial Statements Excluded for Tax Purposes 768,323. Eliminating Entry in Consolidated Financial Statements -283,971. Gain/Loss on Sale of Assets Reclassed for Tax Purposes 26,194. Part XII, Line 4b - Other Adjustments: Miscellaneous Adjustment 2. X 1 1 X X X X 0 0 0 Joseph Witt President/CEO 367369 0 75384 0 0 0 22500 0 44612 0 509865 0 0 0 Tess Rice General Counsel 221925 0 13629 0 0 0 17490 0 21959 0 275003 0 0 0 Jay Tamborino IT Consultant 171913 0 42055 0 0 0 16065 0 10821 0 240854 0 0 0 Diane Brower HR Director 125915 0 9999 0 0 0 10804 0 22481 0 169199 0 0 0 Carla Bush Director of Education 141885 0 10309 0 0 0 11400 0 598 0 164192 0 0 0 Tom Boswell-Healey Compliance Consultant 134979 0 5891 0 0 0 0 0 10380 0 151250 0 0 0 Part I, Line 1a Travel for companions is provided to management and board members. This benefit is treated as taxable compensation to the person. Form 990, Part VI, Section A, line 1a The Chair, Vice Chair/Treasurer, Immediate Past Chair, and the President/CEO shall constitute the Executive Committee. The Executive Committee shall have the power to act on behalf of the Board of Directors as and when determined by the Board, and shall report its action at the next Board meeting. Form 990, Part VI, Section A, line 6 MBA is a trade association organized under 501(c)(6) of the Internal Revenue code. As of 6/30/24, MBA had 274 bank members. Only commercial banks, savings banks, savings and loan associations, trust companies, or industrial loan and thrift companies actively engaged in the banking or trust business or both and which have an office with the State of Minnesota are eligible for membership. Form 990, Part VI, Section A, line 7a The District Directors are elected by the members at the annual meeting. Form 990, Part VI, Section A, line 7b Changes to the bylaws are subject to approval of the members at the annual meeting. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the President/CEO prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Potential conflicts must be dislcosed to a manager of the organization so that safeguards can be established to protect all parties. Form 990, Part VI, Section B, line 15a Compensation for the Minnesota Bankers Association president is approved by the MBA executive committee on an annual basis utilizing market data obtained by the MBA human resource director. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Change in Investment in MBA Insurance and Services, Inc. 219,087. Bankers Building LLC 8050 Washington Avenue South Eden Prairie MN 55344 Leasing MN 327309 1751180 Minnesota Bankers Association Minnesota Bankers Association Employee Benefit Trust 8050 Washington Avenue South Eden Prairie MN 55344 411767627 Veba providing insurance benefits for members MN 501(c)(9) Minnesota Bankers Association 1 Midwest Bankers Insurance Services LLC 8050 Washington Avenue South Eden Prairie MN 55344 452602101 Business Services MN N/A N/A 191999 1356321 0 1 0.50000 MBA Insurance Services Inc 8050 Washington Avenue South Eden Prairie MN 55344 411560138 Business Services MN Minnesota Bankers Association C 1062788 1465758 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0