2026-09-17T07:31:54-05:00 2025-12-31 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET SUITE 2800 MINNEAPOLIS MN 55402 990 2025-01-01 420330040 IOWA BANKERS ASSOCIATION IOWA 5152864300 8901 NORTHPARK DRIVE PO BOX 6200 JOHNSTON IA 501316200 ADAM GREGG SECRETARY 5152864300 2026-09-08 1 ANNA KOLAKALURI P01275237 6123974000 2025 ADAM GREGG 8901 NORTHPARK DRIVE PO BOX 6200 JOHNSTON IA 501316200 7042853 0 X HTTPS://WWW.IOWABANKERS.COM/ X 1887 IA THE IOWA BANKERS ASSOCIATION WAS ESTABLISHED TO PROMOTE AND IMPROVE BANKING IN IOWA. 14 13 0 0 0 0 0 0 2754701 2785908 833424 522174 0 0 3588125 3308082 0 50000 0 0 0 0 0 0 0 2955901 3169354 2955901 3219354 632224 88728 16631371 17166941 2226257 2264462 14405114 14902479 X THE IOWA BANKERS ASSOCIATION WAS ESTABLISHED TO PROMOTE AND IMPROVE THE GENERAL WELFARE, BUSINESS CONDITIONS AND USEFULNESS OF BANKING AND THRIFT INSTITUTIONS IN IOWA. 0 0 IOWA BANKERS ASSOCIATION WAS ORGANIZED TO PROMOTE THE GENERAL WELFARE AND USEFULNESS OF BANKS AND BANKING INSTITUTIONS IN IOWA AND TO IMPROVE BUSINESS CONDITIONS FOR IOWA BANKS AND BANKERS, INCLUDING, BUT NOT LIMITED TO, THE FOLLOWING:PROVIDING CONTINUING EDUCATION PROGRAMS; DESIGNING AND IMPROVING FINANCING METHODS; PROMOTING SAFETY OF IOWA BANKS AND THEIR EMPLOYEES; SEEKING TO SECURE AND MAINTAIN CHANNELS FOR CONTINUING COOPERATION WITH IOWA AND FEDERAL SUPERVISORY AND REGULATORY AGENCIES; TO FURNISH USEFUL AND APPROPRIATE INFORMATION IN THE ENACTMENT AND ADMINISTRATION OF BANKING LAWS; PUBLISH AND DISTRIBUTE PUBLICATIONS URGING THE USE OF COMMERCIAL BANKS AND SAVINGS INSTITUTIONS.AS A WISE CHOICE AND TO PROMOTE PATRONAGE FOR IOWA BANKS; PROMOTE BANKING AS A CAREER; MONITOR IOWA BANK PRACTICES AND PROCEDURES AND ASSIST IN BANKING SERVICES; ESTABLISH RESEARCH FACILITIES AND ASSIST BANKS WITH PREPARING NEW BANKING DEVELOPMENTS; ENCOURAGE IOWA BANKS TO PARTICIPATE IN COMMUNITY DEVELOPMENT; PROMOTE RELATIONSHIPS OF TRUST AND MUTUAL CONFIDENCE BETWEEN IOWA BANKS AND THEIR COMMUNITIES; PROMOTE UNIFORMITY OF AND INTERPRETATION OF CUSTOMS AND LAWS AFFECTING BANKING INSTITUTIONS OF IOWA; ENCOURAGE GOOD FELLOWSHIP AND INSURE CLOSER UNION AMONG IOWA BANKS; PROVIDE SERVICES TO IOWA BANKS DIRECTLY OR INDIRECTLY ON A NONPROFIT BASIS; AND ENCOURAGE PARTICIPATION BY IOWA BANKERS IN ASSOCIATION COMMITTEES AND COORDINATE THE ACTIVITIES OF THOSE COMMITTEES IN ADDRESSING AND FORMULATING PLANS TO ENHANCE ASSOCIATION SERVICES TO IBA MEMBERS. 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IA X MITCH VAN KLEY 5152864269 8901 NORTHPARK DRIVE PO BOX 6200 JOHNSTON IA 50131 ADAM GREGG START 125 SECRETARY 16.00 24.00 X X 0 420056 76137 JOHN SORENSEN END 125 SECRETARY 16.00 24.00 X X 0 180954 2831 ABRAM TUBBS CHAIR ELECT (END 9/25), CHAIR (START 9/25) 1.00 2.00 X X 0 0 0 JIM PLAGGE PAST CHAIRMAN 1.00 2.00 X X 0 0 0 MARY KAY BATES END 925 PAST CHAIRMAN 1.00 1.25 X X 0 0 0 MELISSA SPURGIN TREASURER (END 9/25), CHAIR ELECT (START 9/25) 1.00 2.00 X X 0 0 0 CHIP REEVES BOARD MEMBER 1.00 1.00 X 0 0 0 CLARISSA WING END 925 BOARD MEMBER 1.00 1.00 X 0 0 0 EMILY ABBAS BOARD MEMBER 1.00 1.00 X 0 0 0 GREG POST END 925 BOARD MEMBER 1.00 1.00 X 0 0 0 HEIDI PARKHURST START 925 BOARD MEMBER 1.00 1.00 X 0 0 0 JULIE LANNING START 925 BOARD MEMBER 1.00 1.00 X 0 0 0 JULIE WILLIAMS END 925 BOARD MEMBER 1.00 1.00 X 0 0 0 MATT MORRIS BOARD MEMBER 1.00 1.00 X 0 0 0 NATHAN KOCH BOARD MEMBER 1.00 1.00 X 0 0 0 RYAN SHERIDAN BOARD MEMBER 1.00 1.00 X 0 0 0 SETH MCCAULLEY START 925 BOARD MEMBER 1.00 1.00 X 0 0 0 SHANE ZIMMERMAN START 925 BOARD MEMBER 1.00 2.00 X 0 0 0 STEVE FOPMA START 925 BOARD MEMBER 1.00 1.00 X 0 0 0 0 601010 78968 0 0 1 0 IOWA BANKERS INSURANCE AND SERVICES INC 8901 NORTHPARK DRIVE JOHNSTON IA 50131 MANAGEMENT SERVICES 3120000 1 MEMBERSHIP DUES 900099 2785908 2785908 2785908 490103 490103 3766842 3734771 32071 32071 32071 3308082 2785908 0 522174 50000 48693 MGMT CONTRACT WITH IBIS 3120000 MISCELLANEOUS EXPENSES 661 3219354 46629 52564 2603176 2320552 145000 140000 10626043 11443302 3210523 3210523 16631371 17166941 2500 3808 2223757 2260654 2226257 2264462 X 14405114 14902479 14405114 14902479 16631371 17166941 88728 408637 0 X 0 1 X 1 0 0 1 0 0 INVESTMENT IN IBIS 1710523 INVESTMENT IN IBMC 1500000 3210523 DEFERRED DUES REVENUE 2260654 2260654 X PART X, LINE 2: AS A RESULT OF THE IMPLEMENTATION OF AUTHORITATIVE GUIDANCE ON THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION WAS NOT REQUIRED TO RECOGNIZE A LIABILITY. THERE WERE NO UNRECOGNIZED TAX LIABILITIES FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 1 IOWA LEADERS IN EDUCATION AND ADVOCACY INC 8901 NORTHPARK DRIVE PO BOX 6200 JOHNSTON IA 501316200 465523330 501(C)(4) 50000 0 PROMOTE SOCIAL WELFARE 0 1 PART I, LINE 2: MANAGEMENT AND THOSE CHARGED WITH GOVERNANCE REVIEW AND APPROVE ALL PROSPECTIVE DONATIONS, ENSURING THAT EACH ENTITY IS A LEGALLY ESTABLISHED POLITICAL ACTION COMMITTEE PRIOR TO FUNDS BEING GIVEN. 0 1 0 ADAM GREGG START 125 SECRETARY 0 402030 0 0 0 18026 0 47005 0 29132 0 496193 0 0 JOHN SORENSEN END 125 SECRETARY 0 35036 0 1744 0 144174 0 432 0 2399 0 183785 0 107852 PART I, LINE 1A: CLUB DUES WERE PROVIDED TO JOHN SORENSEN AND ADAM GREGG AS TAXABLE COMPENSATION BY A RELATED ORGANIZATION. TRAVEL FOR SPOUSE WAS PROVIDED TO JOHN SORENSEN AS TAXABLE COMPENSATION BY A RELATED ORGANIZATION. PART I, LINE 3: THE ORGANIZATION RELIES UPON THE METHODS USED BY THE RELATED ORGANIZATION TO DETERMINE COMPENSATION. PART I, LINE 4B: JOHN K. SORENSEN PARTICIPATED IN A NON-QUALIFIED PENSION RESTORATION PLAN AND RECEIVED $107,852 FROM THE PLAN DURING THE YEAR. ADAM GREGG PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PROGRAM AND RECEIVED NO PAYMENTS DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE THREE CLASSES OF MEMBERSHIP IN THE IOWA BANKERS ASSOCIATION: VOTING MEMBERS, FINANCIAL ASSOCIATE MEMBERS AND SERVICE ASSOCIATE MEMBERS. AN ELIGIBLE FINANCIAL INSTITUTION BECOMES A VOTING MEMBER UPON PAYMENT OF DUES. TO BECOME A FINANCIAL ASSOCIATE MEMBER OR A SERVICE ASSOCIATE MEMBER THE ORGANIZATION MUST BE APPROVED FOR MEMBERSHIP BY THE RULES OF THE ASSOCIATION AND PAYMENT OF DUES. EACH VOTING MEMBER SHALL BE DIVIDED INTO MEMBERSHIP REGIONS BASED ON CHARTER LOCATION. EACH REGION SHALL ELECT A REGION CHAIRPERSON AND A REGION SECRETARY. THE IOWA BANKERS ASSOCIATION BOARD OF DIRECTORS SHALL BE COMPOSED OF THE ELECTED AND ACTING OFFICERS OF THE CORPORATION, THE IMMEDIATE PAST CHAIRPERSON OF THE CORPORATION, THE REGION CHAIRPERSON FROM EACH REGION AND AT-LARGE DIRECTORS APPOINTED BY THE EXECUTIVE COMMITTEE WITH THE APPROVAL OF THE BOARD. THE PRESIDENT SHALL BE ELECTED BY THE BOARD OF DIRECTORS. THE PRESIDENT, BY AND WITH THE CONSENT, SUPERVISION AND CONTROL OF THE BOARD OF DIRECTORS MAY APPOINT(AND DISCHARGE) ONE OR MORE VICE PRESIDENTS, AN ASSISTANT SECRETARY OR SECRETARIES, AND A GENERAL COUNSEL, AND SUCH OTHER EMPLOYEES AS MAY BE DESIRABLE AND REASONABLY NECESSARY TO CARRY OUT THE PURPOSES OF THE CORPORATION. THE BOARD OF DIRECTORS MAY FILL ANY VACANCIES IN OFFICE BY APPOINTMENT. THERE ARE THREE CLASSES OF VOTING MEMBERS OF THE GOVERNING BODY AND THEY ARE BOARD OFFICERS, BOARD DIRECTORS AND AT-LARGE DIRECTORS. THE BOARD OF DIRECTORS SHALL HAVE THE POWER TO ADOPT AND AMEND BYLAWS FOR THE MANAGEMENT AND CONTROL OF THE AFFAIRS OF THE CORPORATION, INCLUDING PROVISION FOR DUES OR OTHER PAYMENTS. WHEN THE BOARD IS NOT IN SESSION, MANAGEMENT OF SAID AFFAIRS SHALL BE VESTED IN THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A SEE EXPLANATION IN PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION A, LINE 7B SEE EXPLANATION IN PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS AND PRESENTS THEM TO THE IOWA BANKERS ASSOCIATION BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. THOSE STATEMENTS ARE THEN USED TO COMPLETE THE FORM 990. THE BOARD OF DIRECTORS ARE THEN PROVIDED THE FINAL DRAFT OF THE FORM 990 FOR THEIR APPROVAL PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE IOWA BANKERS ASSOCIATION REQUIRES ANNUAL DISCLOSURE OF A CONFLICT OF INTEREST BY DIRECTORS, OFFICERS, KEY EMPLOYEES TO THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER WHO ARE RESPONSIBLE FOR THE OVERSIGHT AND ENFORCEMENT OF THE POLICY. ALL DISCLOSURES ARE REVIEWED AND ANY CONCERNS ARE ADDRESSED. IF CONFLICTS ARE IDENTIFIED, THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER WORK TO ENSURE THAT THE TRUSTEES, DIRECTORS, OFFICERS OR KEY EMPLOYEES DO NOT PARTICIPATE IN DISCUSSIONS OR VOTE ON THE AFFECTED MATTER. FORM 990, PART VI, SECTION B, LINE 15 IOWA BANKERS ASSOCIATION EXECUTIVE COMMITTEE, WHICH IS MADE UP OF BANKERS FROM EACH OF OUR BOARDS, DETERMINES THE COMPENSATION OF TOP MANAGEMENT OFFICIALS AND OFFICERS USING COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IOWA BANKERS BENEFIT PLAN 8901 NORTHPARK DRIVE PO BOX 6200 JOHNSTON IA 50131 421122086 VEBA TRUST IA 501(C)(9) IOWA BANKERS ASSOCIATION 0 BUILD - STATE FUND 8901 NORTHPARK DRIVE PO BOX 6200 JOHNSTON IA 50131 421208577 QSLPO IA 527 N/A 0 BUILD - FEDERAL FUND 8901 NORTHPARK DRIVE PO BOX 6200 JOHNSTON IA 50131 421208575 PAC IA 527 N/A 0 IOWA LEADERS IN EDUCATION AND ADVOCACY INC 8901 NORTHPARK DRIVE PO BOX 6200 JOHNSTON IA 50131 465523330 SOCIAL WELFARE IA 501(C)(4) IOWA BANKERS ASSOCIATION 1 IOWA BANKERS INSURANCE & SERVICES INC 8901 NORTHPARK DRIVE JOHNSTON IA 50131 420984998 SALES-INSURANCE & MARKETING IA IOWA BANKERS ASSOCIATION C 564713 148645651 1.00000 1 MID AMERICA BANKERS INSURANCE SERVICES 8901 NORTHPARK DRIVE JOHNSTON IA 50131 421167893 INSURANCE IA IOWA BANKERS INSURANCE & SERVICES INC C 747569 1.00000 1 IOWA BANKERS MORTGAGE CORPORATION 8901 NORTHPARK DRIVE JOHNSTON IA 50131 421130287 MORTGAGE BANKING IA IOWA BANKERS INSURANCE & SERVICES INC C 27863622 1.00000 1 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 IOWA BANKERS INSURANCE & SERVICES INC M 3120000 FMV IOWA BANKERS MORTGAGE CORPORATION F 75000 FMV IOWA LEADERS IN EDUCATION AND ADVOCACY INC B 50000 FMV