Nonprofit · EIN 42-0330040
IOWA BANKERS ASSOCIATION
Tax-exempt · JOHNSTON, IA 50131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,308,082 | $3,219,354 | $88,728 | $17,166,941 | $2,264,462 | $14,902,479 |
| December 31, 2024 | 990 | $3,588,125 | $2,955,901 | $632,224 | $16,631,371 | $2,226,257 | $14,405,114 |
| December 31, 2023 | 990 | $3,115,872 | $2,804,591 | $311,281 | $15,760,422 | $2,254,515 | $13,505,907 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,785,908
- Investment income
- $522,174
- Net gain from sales of assets
- $32,071
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $16,631,371
- Total assets, end of year
- $17,166,941
- Total liabilities, end of year
- $2,264,462
- Net assets, end of year
- $14,902,479
- Publicly traded securities
- $11,443,302
- Net assets without donor restrictions
- $14,902,479
- Gross receipts
- $7,042,853
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1887
- State of legal domicile
- IA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ADAM GREGG START 125 | SECRETARY Trustee or director, Officer | 16 | $0 | $420,056 | $76,137 |
| JOHN SORENSEN END 125 | SECRETARY Trustee or director, Officer | 16 | $0 | $180,954 | $2,831 |
| ABRAM TUBBS | CHAIR ELECT (END 9/25), CHAIR (START 9/25) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM PLAGGE | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY KAY BATES END 925 | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MELISSA SPURGIN | TREASURER (END 9/25), CHAIR ELECT (START 9/25) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHIP REEVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CLARISSA WING END 925 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| EMILY ABBAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREG POST END 925 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HEIDI PARKHURST START 925 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE LANNING START 925 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE WILLIAMS END 925 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MATT MORRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NATHAN KOCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RYAN SHERIDAN | BOARD MEMBER Trustee or director | 1 | $0 |
| SETH MCCAULLEY START 925 | BOARD MEMBER Trustee or director | 1 | $0 |
| SHANE ZIMMERMAN START 925 | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE FOPMA START 925 | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN SORENSEN | SECRETARY Trustee or director, Officer | 16 | $0 | $541,515 | $285,892 |
| ABRAM TUBBS START 924 | CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM PLAGGE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY KAY BATES | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATT LUJANO END 924 | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MELISSA SPURGIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHIP REEVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CLARISSA WING | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREG POST | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFF JUERGENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN NELSON END 924 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MATT MORRIS START 924 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NATHAN KOCH START 924 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT THOMSON END 924 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SHANE ZIMMERMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ZACH STUBBS END 924 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN SORENSEN | SECRETARY Trustee or director, Officer | 16 | $0 | $546,739 | $189,088 |
| AARON KNESS END 923 | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM PLAGGE | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KIM GREENLAND END 923 | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY KAY BATES | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATT LUJANO | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MELISSA BALLARD | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHIP REEVES BEGIN 923 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CLARISSA WING | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREG POST BEGIN 923 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JACKIE MAHLER END 923 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES JOHNSON END 923 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFF JUERGENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE WILLIAMS BEGIN 923 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT THOMSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SHANE ZIMMERMAN BEGIN 923 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ZACH STUBBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6200, JOHNSTON, IA 50131-6200
- In care of
- % MITCH VAN KLEY
- Principal officer (990 for 2025)
- ADAM GREGG, 8901 NORTHPARK DRIVE PO BOX 6200, JOHNSTON, IA 501316200
- Signed the 990
- ADAM GREGG, SECRETARY
- Phone
- (515) 286-4300
- Website
- HTTPS://WWW.IOWABANKERS.COM/
- Return prepared by
- DELOITTE TAX LLP
Mission
THE IOWA BANKERS ASSOCIATION WAS ESTABLISHED TO PROMOTE AND IMPROVE THE GENERAL WELFARE, BUSINESS CONDITIONS AND USEFULNESS OF BANKING AND THRIFT INSTITUTIONS IN IOWA.
Program accomplishments
- 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.
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 | 990 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
- 42-0330040
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $17,166,941
- Income (IRS master file)
- $7,042,853
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,308,082 | $3,219,354 | $17,166,941 | XML |
| 990 | December 2024 | $3,588,125 | $2,955,901 | $16,631,371 | XML |
| 990 | December 2023 | $3,115,872 | $2,804,591 | $15,760,422 | XML |
| 990 | December 2022 | $2,965,151 | $2,858,361 | $14,839,463 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 42-0330040).
Questions about IOWA BANKERS ASSOCIATION
- What is the EIN of IOWA BANKERS ASSOCIATION?
- The employer identification number (EIN) of IOWA BANKERS ASSOCIATION is 42-0330040.
- Is IOWA BANKERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1945.
- Are donations to IOWA BANKERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA 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 IOWA BANKERS ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA BANKERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of IOWA BANKERS ASSOCIATION?
- The 990 for the year ended December 31, 2025 names ADAM GREGG.
- Who are the officers and directors of IOWA BANKERS ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does IOWA BANKERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,308,082, expenses of $3,219,354 and total assets of $17,166,941 at year end.
Other nonprofits in JOHNSTON
- DELTA DENTAL OF IOWA EIN 42-0959302 · last filed 990 for 2024
- IOWA BANKERS BENEFIT PLAN EIN 42-1122086 · last filed 990 for 2025
- WESLEY RETIREMENT SERVICES INC EIN 42-0680440 · last filed 990 for 2024
- LIFESERVE BLOOD CENTER EIN 27-2092557 · last filed 990 for 2025
- MULTI-STATE LOTTERY ASSOCIATION EIN 42-1302701 · last filed 990 for 2025
- CHILDSERVE HABILITATION CENTER INC EIN 42-0680245 · last filed 990 for 2025
- WELLSPIRE LLC EIN 83-3724025 · last filed 990 for 2024
- GOODWILL INDUSTRIES OF CENTRAL IOWA EIN 42-0764469 · last filed 990 for 2025