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        <ExplanationTxt>INDIANA BANKERS ASSOCIATION, INC. IS A EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). WHILE THE FOUNDATION DOES NOT GENERALLY PROVIDE DIRECT FUNDING TO THE INDIANA BANKERS ASSOCIATION, ALL EDUCATIONAL PROGRAMING PERFORMED BY THE FOUNDATION IS STRUCTURED TO SUPPORT THE EDUCATIONAL MISSION OF THE ASSOCIATION BY PROVIDING INSTRUCTION AND TRAINING TO INDIVIDUALS FOR THE PURPOSE IMPROVING OR DEVELOPING THEIR CAPABILITIES IN THE BUSINESS OF BANKING, AS WELL AS THE INSTRUCTION OF THE PUBLIC ON SUBJECTS RELATIVE TO BANKS AND BANKING.</ExplanationTxt>
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      <Form990ScheduleAPartVIGrp>
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        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS.</ExplanationTxt>
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        <PersonNm>RODNEY E LASLEY</PersonNm>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>MEMBERS OF THE FOUNDATION ELECT THE BOARD OF DIRECTORS AND/OR HOLD OFFICE ON THE BOARD OF DIRECTORS. THE BOARD IS IN CHARGE OF ELECTING OFFICERSS OF THE FOUNDATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE 990 RETURN WILL BE SENT TO ALL MEMBERS OF THE BOARD PRIOR TO SUBMISSION TO THE IRS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE FOUNDATION'S BOARD ANNUALLY HAS TO UPDATE AND SIGN A CONFLICT OF INTEREST STATEMENT.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>COMPENSATION FOR THE PRESIDENT/CEO IS REVIEWED ANNUALLY BY THE IBA EXECUTIVE COMMITTEE. IN DETERMINING THE PRESIDENT/CEO'S COMPENSATION, THE COMMITTEE REVIEWS A COMPREHENSIVE SALARY SURVEY FROM THE OTHER STATE BANKERS ASSOCIATIONS. THE COMMITTEE REVIEW OF THE PRESIDENT/CEO'S COMPENSATION IS DOCUMENTED IN THE BOARD MINUTES.</ExplanationTxt>
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        <ExplanationTxt>INFORMATION IS AVAILABLE UPON REQUEST TO INDIANA BANKERS ASSOCIATION FOUNDATION, 8425 WOODFIELD CROSSING BLVD, SUITE 155E, INDIANAPOLIS, IN 46240-9380 OR CALLING (317) 387-9380</ExplanationTxt>
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      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>CBAI COMMUNITY DEVELOPMENT INC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>8425 WOODFIELD CROSSING BLVD STE 15</AddressLine1Txt>
          <CityNm>INDIANAPOLIS</CityNm>
          <StateAbbreviationCd>IN</StateAbbreviationCd>
          <ZIPCd>462409380</ZIPCd>
        </USAddress>
        <EIN>352207031</EIN>
        <PrimaryActivitiesTxt>TO PROVIDE LOANS TO BUSINESSES IN LOW INCOME COMMUNITIES</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IN</LegalDomicileStateCd>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>0</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>1</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>0</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>1</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>1</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>INDIANA BANKERS ASSOCIATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>O</TransactionTypeTxt>
        <InvolvedAmt>1051014</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>TRANSACTION AMOUNT</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>INDIANA BANKERS ASSOCIATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>P</TransactionTypeTxt>
        <InvolvedAmt>1952757</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>TRANSACTION AMOUNT</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>INDIANA BANKERS ASSOCIATION</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>E</TransactionTypeTxt>
        <InvolvedAmt>2065953</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>TRANSACTION AMOUNT</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>