Nonprofit · EIN 46-0396671
INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA
Tax-exempt · WATERTOWN, SD 57201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $505,976 | $455,038 | $50,938 | $653,755 | $7,454 | $646,301 |
| December 31, 2024 | 990 | $422,452 | $388,838 | $33,614 | $625,731 | $30,368 | $595,363 |
| December 31, 2023 | 990 | $435,105 | $392,022 | $43,083 | $596,236 | $34,488 | $561,748 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $469,471
- Investment income
- $36,505
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $134,496
- Professional fundraising fees
- $0
- Accounting fees
- $9,339
- Occupancy
- $4,800
- Travel
- $7,951
- Depreciation
- $68
Balance sheet and other
- Total assets, start of year
- $625,731
- Total assets, end of year
- $653,755
- Total liabilities, end of year
- $7,454
- Net assets, end of year
- $646,301
- Land, buildings and equipment
- $102
- Net assets without donor restrictions
- $646,301
- Gross receipts
- $505,976
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- SD
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 |
|---|---|---|---|
| JOSH HOGUE | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 |
| BRIT MILLER | DIRECTOR Trustee or director, Officer | 1 | $0 |
| KEVINE TEIGEN | DIRECTOR Trustee or director | 1 | $0 |
| MARK HAHLER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE BEHL | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| TIFFANY LEWIS | DIRECTOR Trustee or director | 1 | $0 |
| CLAY SPIELMANN | DIRECTOR Trustee or director | 1 | $0 |
| JODI EICH | PAST CHAIRWOMAN Trustee or director | 1 | $0 |
| NICK CONWAY | CHAIRMAN ELECT Trustee or director | 1 | $0 |
| JULIE PUETZ | TREASURER/SECRETARY Trustee or director | 1 | $0 |
| MEGAN OLSON | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSH HOGUE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DILLON KJERSTAD | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KEVINE TEIGEN | DIRECTOR Trustee or director | 1 | $0 |
| MARK HAHLER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE BEHL | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| TIFFANY LEWIS | DIRECTOR Trustee or director | 1 | $0 |
| VALERIE ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| JODI EICH | DIRECTOR Trustee or director | 1 | $0 |
| NICK CONWAY | DIRECTOR Trustee or director | 1 | $0 |
| CLAY SPIELMANN | DIRECTOR Trustee or director | 1 | $0 |
| JULIE PUETZ | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN OLSON | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN GILBERT | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DILLON KJERSTAD | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ROGER WEBER | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 |
| MONTE TROSKE | HONORARY PAST CHAIRMAN Trustee or director | 1 | $0 |
| JOSH HOGUE | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| GREG FARGEN | DIRECTOR Trustee or director | 1 | $0 |
| VALERIE ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| JODI EICH | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BEHL | DIRECTOR Trustee or director | 1 | $0 |
| EMILY HOFER | ICBA FEDERAL DELEGATE Trustee or director | 1 | $0 |
| NATE ENGBERS | DIRECTOR Trustee or director | 1 | $0 |
| NICK CONWAY | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN OLSON | EXECUTIVE DIRECTOR Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 615, WATERTOWN, SD 57201-0615
- In care of
- % MEGAN OLSON
- Principal officer (990 for 2025)
- MEGAN OLSON, PO BOX 615, WATERTOWN, SD 57201
- Signed the 990
- MEGAN OLSON, PRESIDENT & CEO
- Phone
- (605) 996-9329
- Website
- ICBSD.COM
- Return prepared by
- PACELINE ACCOUNTING GROUP LLP
Mission
HELP COMMUNITY BANKS SUCCEED
Program accomplishments
- PROVIDE EDUCATIONAL SEMINARS AND RETREATS FOR MEMBERS TO ENHANCE BETTER BUSINESS PRACTICES AND CONTINUITY.
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
- 46-0396671
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $653,755
- Income (IRS master file)
- $505,976
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $505,976 | $455,038 | $653,755 | XML |
| 990 | December 2024 | $422,452 | $388,838 | $625,731 | XML |
| 990 | December 2023 | $435,105 | $392,022 | $596,236 | XML |
| 990 | December 2022 | $412,426 | $348,980 | $556,260 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 46-0396671).
Questions about INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA
- What is the EIN of INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA?
- The employer identification number (EIN) of INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA is 46-0396671.
- Is INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Are donations to INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA 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 INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA 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 INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA 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 INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA?
- The 990 for the year ended December 31, 2025 names MEGAN OLSON.
- Who are the officers and directors of INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENT COMMUNITY BANKERS ASSOCIATION OF SOUTH DAKOTA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $505,976, expenses of $455,038 and total assets of $653,755 at year end.
Other nonprofits in WATERTOWN
- PRAIRIE LAKES HEALTH CARE SYSTEM INC EIN 46-0391067 · last filed 990 for 2025
- CODINGTON-CLARK ELECTRIC COOPERATIVE INC EIN 46-0121065 · last filed 990 for 2025
- HUMAN SERVICE AGENCY EIN 46-0275247 · last filed 990 for 2025
- JENKINS LIVING CENTER INC EIN 46-0242831 · last filed 990 for 2025
- VILLAGE OF HARMONY HILL EIN 87-1680315 · last filed 990 for 2024
- WATERTOWN COMMUNITY FOUNDATION EIN 46-0350319 · last filed 990 for 2024
- LAKE AREA TECHNICAL COLLEGE FOUNDATION EIN 36-3860861 · last filed 990 for 2025
- NATIONAL ASSOCIATION OF TOWER ERECTORS EIN 46-0437154 · last filed 990 for 2025