Nonprofit · EIN 37-0990447
COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC
Tax-exempt · SPRINGFIELD, IL 62703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,792,077 | $4,171,394 | $620,683 | $7,563,066 | $1,623,155 | $5,939,911 |
| June 30, 2024 | 990 | $4,535,179 | $4,053,983 | $481,196 | $6,993,830 | $1,514,246 | $5,479,584 |
| June 30, 2023 | 990 | $4,396,574 | $4,059,180 | $337,394 | $6,787,281 | $1,513,447 | $5,273,834 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,136,109
- Investment income
- $117,609
- Royalties
- $366,453
- Net rental income
- $18,442
- Net gain from sales of assets
- $18,680
- Other revenue
- $538,359
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,861,154
- Salaries, compensation and benefits (total)
- $2,329,222
- Professional fundraising fees
- $0
- Accounting fees
- $23,172
- Occupancy
- $33,920
- Travel
- $73,879
- Depreciation
- $92,053
Balance sheet and other
- Total assets, start of year
- $6,993,830
- Total assets, end of year
- $7,563,066
- Total liabilities, end of year
- $1,623,155
- Net assets, end of year
- $5,939,911
- Land, buildings and equipment
- $728,488
- Publicly traded securities
- $50,500
- Net assets without donor restrictions
- $5,939,911
- Gross unrelated business income
- $127,086
- Gross receipts
- $4,792,077
- Employees
- 23
- Volunteers
- 180
- Year formed
- 1974
- State of legal domicile
- IL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRAIG LOUNSBERRY | PRESIDENT Highest-paid employee | 37.5 | $331,986 |
| DAVID SCHROEDER | VP OF FED GOVERNMENTAL REL Highest-paid employee | 37.5 | $166,098 |
| TRACY MCQUINN | SENIOR VP OF EDUCATION & S Highest-paid employee | 37.5 | $157,651 |
| GERALD PECK | SENIOR VP OF GOVERNMENTAL Highest-paid employee | 37.5 | $141,085 |
| PATRICK BEVERIDGE | CFO Officer | 37.5 | $120,645 |
| JENNY DIAL | SENIOR VP OF OPERATIONS Highest-paid employee | 37.5 | $111,749 |
| JASON SEMPLE | DIRECTOR Trustee or director | 1 | $0 |
| GREGG ROEGGE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN DOSIER | DIRECTOR Trustee or director | 1 | $0 |
| JEFF BONNETT | DIRECTOR Trustee or director | 1 | $0 |
| JIM WEAST | DIRECTOR Trustee or director | 1 | $0 |
| SHAWN DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| SHEILA BURCHAM | IMMEDIATE PAST CHAIRWOMAN Trustee or director, Officer | 1 | $0 |
| AMY THIEDE | DIRECTOR Trustee or director | 1 | $0 |
| DAN GRAHAM | FIRST VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY JO HOMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| KIM MCKEE | DIRECTOR Trustee or director | 1 | $0 |
| DOUG PARROTT | DIRECTOR Trustee or director | 1 | $0 |
| COLLEEN HENKEL | DIRECTOR Trustee or director | 1 | $0 |
| DAVID STANTON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KEVIN DAY | DIRECTOR Trustee or director | 1 | $0 |
| RICK KLINEDINST | DIRECTOR Trustee or director | 1 | $0 |
| CHAD MARTIN | SECOND VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| PATRICK MCSHANE | DIRECTOR Trustee or director | 1 | $0 |
| MATT CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DIANNA TORMAN | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER BEARD | DIRECTOR Trustee or director | 1 | $0 |
| DELAINA ZELLERS | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW BLACK | DIRECTOR Trustee or director | 1 | $0 |
| NEAL STIMPERT | DIRECTOR Trustee or director | 1 | $0 |
| DAVID LOUNDY | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ALBIN | DIRECTOR Trustee or director | 1 | $0 |
| JASON KNOEDLER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE RADLIFF | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kraig Lounsberry | President Highest-paid employee | 37.5 | $321,287 |
| David Schroeder | VP of Fed Governmental Rel Highest-paid employee | 37.5 | $162,155 |
| Tracy McQuinn | Senior VP of Education & S Highest-paid employee | 37.5 | $150,561 |
| Gerald Peck | Senior VP of Governmental Highest-paid employee | 37.5 | $129,256 |
| Patrick Beveridge | CFO Officer | 37.5 | $113,741 |
| Jason Semple | Director Trustee or director | 1 | $0 |
| Gregg Roegge | Director Trustee or director | 1 | $0 |
| John Dosier | Director Trustee or director | 1 | $0 |
| Jeff Bonnett | Director Trustee or director | 1 | $0 |
| Jim Weast | Treasurer Trustee or director, Officer | 1 | $0 |
| Shawn Davis | Director Trustee or director | 1 | $0 |
| Sheila Burcham | Chairwoman Trustee or director, Officer | 1 | $0 |
| Amy Thiede | Director Trustee or director | 1 | $0 |
| Dan Graham | Second Vice Chairman Trustee or director | 1 | $0 |
| Mary Jo Homan | Director Trustee or director | 1 | $0 |
| Kim McKee | Director Trustee or director | 1 | $0 |
| Doug Parrott | Director Trustee or director, Officer | 1 | $0 |
| Colleen Henkel | Director Trustee or director | 1 | $0 |
| David Stanton | First Vice Chairman Trustee or director, Officer | 1 | $0 |
| Kevin Day | Director Trustee or director | 1 | $0 |
| Rick Klinedinst | Director Trustee or director | 1 | $0 |
| Chad Martin | Director Trustee or director | 1 | $0 |
| Patrick McShane | Director Trustee or director | 1 | $0 |
| Matt Clark | Director Trustee or director | 1 | $0 |
| Dianna Torman | Director Trustee or director | 1 | $0 |
| Jennifer Beard | Director Trustee or director | 1 | $0 |
| Delaina Zellers | Director Trustee or director | 1 | $0 |
| Andrew Black | Director Trustee or director | 1 | $0 |
| Neal Stimpert | Director Trustee or director | 1 | $0 |
| David Loundy | Director Trustee or director | 1 | $0 |
| David Albin | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 33 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kraig Lounsberry | President Highest-paid employee | 37.5 | $371,881 |
| Jerry Cavanaugh | General Counsel Highest-paid employee | 37.5 | $183,280 |
| David Schroeder | VP of Fed Governmental Rel Highest-paid employee | 37.5 | $168,539 |
| Tracy McQuinn | Senior VP of Education & S Highest-paid employee | 37.5 | $158,672 |
| Gerald Peck | Senior VP of Governmental Highest-paid employee | 37.5 | $128,439 |
| Patrick Beveridge | CFO Officer | 37.5 | $113,084 |
| Tom Marantz | Director Trustee or director | 1 | $0 |
| Gregg Roegge | Director Trustee or director | 1 | $0 |
| Mathew Beavers | Director Trustee or director | 1 | $0 |
| Jeff Bonnett | Director Trustee or director | 1 | $0 |
| Jim Weast | Treasurer Trustee or director, Officer | 1 | $0 |
| Shawn Davis | Director Trustee or director | 1 | $0 |
| Sheila Burcham | First Vice Chairman Trustee or director, Officer | 1 | $0 |
| Amy Thiede | Director Trustee or director | 1 | $0 |
| Dan Graham | Director Trustee or director | 1 | $0 |
| Mary Jo Homan | Director Trustee or director | 1 | $0 |
| Kim McKee | Director Trustee or director | 1 | $0 |
| Doug Parrott | Chairman Trustee or director, Officer | 1 | $0 |
| Colleen Henkel | Director Trustee or director | 1 | $0 |
| David Stanton | Second Vice Chairman Trustee or director, Officer | 1 | $0 |
| Kevin Day | Director Trustee or director | 1 | $0 |
| Rick Klinedinst | Director Trustee or director | 1 | $0 |
| Chad Martin | Director Trustee or director | 1 | $0 |
| Patrick McShane | Director Trustee or director | 1 | $0 |
| Dianna Torman | Director Trustee or director | 1 | $0 |
| Travis Clem | Director Trustee or director | 1 | $0 |
| Carol Jo Fritts | Director Trustee or director | 1 | $0 |
| Alan Stremlau | Director Trustee or director | 1 | $0 |
| Andrew Black | Director Trustee or director | 1 | $0 |
| Neal Stimpert | Director Trustee or director | 1 | $0 |
| Chuck Deters | Director Trustee or director | 1 | $0 |
| Cameron Ohlendorf | Director Trustee or director | 1 | $0 |
| David Loundy | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 901 COMMUNITY DR, SPRINGFIELD, IL 62703-5170
- Principal officer (990 for 2024)
- KRAIG LOUNSBERRY, 901 COMMUNITY DRIVE, SPRINGFIELD, IL 62703
- Signed the 990
- KRAIG LOUNSBERRY, PRESIDENT
- Phone
- (217) 529-2665
- Website
- WWW.CBAI.COM
- Return prepared by
- ECK SCHAFER & PUNKE LLP
Mission
THE MISSION OF THE COMMUNITY BANKERS ASSOCIATION OF ILLINOIS IS TO PROVIDE ITS MEMBERS A COMPETITIVE EDGE BY EFFECTIVELY AGGREGATING POLITICAL, ECONOMIC, AND MARKETING POWER. THE CBAI IS DEDICATED TO KEEPING COMMUNITY BANKS COMPETITIVE FOR THE BENEFIT OF THEIR CUSTOMERS AND THE COMMUNITIES THEY SERVE THROUGH DELIVERY OF QUALITY EDUCATION, EFFECTIVE POLITICAL REPRESENTATION, AND ESSENTIAL PRODUCTS AND SERVICES. THE MISSION WILL BE PURSUED WITH INTEGRITY, EQUAL REPRESENTATION, PROFESSIONALISM, VISION, AND RESPONSIVENESS.
Program accomplishments
- THE ASSOCIATION REPRESENTS THE STRENGTHS, VALUES AND CONTRIBUTIONS OF COMMUNITY BANKS IN ILLINOIS THROUGH PUBLICATIONS, MEETINGS, CONVENTIONS & OTHER ACTIVITIES.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 37-0990447
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,563,066
- Income (IRS master file)
- $4,792,077
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,792,077 | $4,171,394 | $7,563,066 | IRS |
| 990 | June 2024 | $4,535,179 | $4,053,983 | $6,993,830 | IRS |
| 990 | June 2023 | $4,396,574 | $4,059,180 | $6,787,281 | XML |
| 990 | June 2022 | $4,467,230 | $4,480,878 | $6,966,322 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 37-0990447).
Questions about COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC
- What is the EIN of COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC?
- The employer identification number (EIN) of COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC is 37-0990447.
- Is COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
- Are donations to COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC 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 COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC?
- The 990 for the year ended June 30, 2025 names KRAIG LOUNSBERRY.
- Who are the officers and directors of COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC?
- The 990 for the year ended June 30, 2025 lists 34 people; 6 received compensation from the organization, the highest $331,986 (KRAIG LOUNSBERRY, PRESIDENT).
- How much revenue does COMMUNITY BANKERS ASSOCIATION OF ILLINOIS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,792,077, expenses of $4,171,394 and total assets of $7,563,066 at year end.
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