2018-11-12T18:42:27-06:00 2017-12-31 742516372 REYNOLDS & FRANKE PC 6850 AUSTIN CENTER BLVD SUITE 100 AUSTIN TX 78731 990 2017-01-01 751459906 INDEPENDENT BANKERS ASSOCIATION OF TEXAS INDE 5124746889 1700 RIO GRANDE NO 100 AUSTIN TX 787011683 CHRISTOPHER L WILLISTON PRESIDENT & CEO 5124746889 2018-11-12 1 RONALD H REYNOLDS P00964479 5122063141 2018-11-08 104.6.38.16 2018-11-12 18:41:44 CS P 625A36CA38FC3B568163427046872719D70BB3DC 625A36CA38FC3B568163427046872719D70BB3DC 2017 2019-02-21 02:37:17Z CHRISTOPHER L WILLISTON 1700 RIO GRANDE NO 100 AUSTIN TX 787011683 5414518 0 X WWW.IBAT.ORG X 1974 TX PROMOTE AND PROTECT THE INTEREST OF INDEPENDENT BANKING. 42 42 31 1200 54280 42989 547810 845302 2729709 2810249 506454 28337 1650690 1687497 5434663 5371385 0 0 0 0 2645980 3022233 0 0 0 2407877 2489730 5053857 5511963 380806 -140578 6278510 6443689 1617020 1794407 4661490 4649282 TO PRESENT THE VIEWS OF INDEPENDENT TEXAS BANKERS TO THE TEXAS AND U.S. LEGISLATURES, REGULATORY AUTHORITIES, AND TO THE PUBLIC TO PROMOTE AND PROTECT THE INTEREST OF INDEPENDENT BANKING. 0 0 CONVENTION: IBAT SPONSORS AN ANNUAL CONVENTION EACH FALL FOR ITS MEMBERS. THE MEMBERS RECEIVE UPDATES ON CURRENT ECONOMIC, REGULATORY, AND MARKETING ISSUES FOR BANKING. THE CONVENTION ALLOWS MEMBERS TO INTERFACE WITH EACH OTHER, ASSOCIATION STAFF, AND VARIOUS BANKING AFFILIATED VENDORS. LOBBYING: IBAT MONITORS ALL STATE OF TEXAS AND FEDERAL LEGISLATION WHICH WOULD IMPOSE REGULATIONS AND/OR TAXES ON THE BANKS WITHIN TEXAS. BASED ON THE BOARD OF DIRECTORS AND THE REGULATORY LIAISON COMMITTEE'S DECISIONS, IBAT REPRESENTS ITS MEMBERSHIP POSITION ON PENDING LEGISLATION TO THE BILL COMMITTEE OR DIRECTLY TO VARIOUS LEGISLATORS. MAGAZINE: IBAT PUBLISHES A MONTHLY MAGAZINE WHICH IS SENT TO ALL MEMBERS AS A MEMBERSHIP BENEFIT. THE MAGAZINE INCLUDES ARTICLES ABOUT BANKS WITHIN TEXAS, UPCOMING EDUCATIONAL OPPORTUNITIES, THE CURRENT FEDERAL AND STATE REGULATORY ENVIRONMENT, AND OTHER ARTICLES RELATED TO BANKING IN TEXAS. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 1 28 0 1 31 1 1 1 0 0 0 1 1 0 X 42 42 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X URSULA JIMENEZ 5124746889 1700 RIO GRANDE 100 AUSTIN TX 78701 JOE KIM KING CHAIR 3.00 X X 0 0 0 DARLA ROOKE IMMEDIATE PAST CHAIR 5.00 X X 0 0 0 HAZEM AHMED LEADERSHIP DIVISION CHAIR 1.00 X X 0 0 0 RONNIE MILLER CHAIR-ELECT 2.00 X X 0 0 0 RICHARD SCANIO SECRETARY/TREASURER 1.00 X X 0 0 0 TOM SELLERS MAIN STREET FOUNDATION CHAIR 1.00 X X 0 0 0 ALAN RENFROE DIRECTOR 1.00 X 0 0 0 BRAD D BURGESS DIRECTOR 1.00 X 0 0 0 BRAD TIDWELL DIRECTOR 1.00 X 0 0 0 BRIAN SCHNEIDER DIRECTOR (OCT - DEC 17) 1.00 X 0 0 0 CHRISTY HESTER DIRECTOR (OCT - DEC 17) 1.00 X 0 0 0 CLIFF MCCAULEY DIRECTOR 1.00 X 0 0 0 CORY NEWSOM DIRECTOR (OCT - DEC 17) 1.00 X 0 0 0 CYNTHIA BLANKENSHIP DIRECTOR 1.00 X 0 0 0 DOAK CRABTREE DIRECTOR (JAN - SEPT 17) 1.00 X 0 0 0 DOUG STREATER DIRECTOR 1.00 X 0 0 0 FORREST LLOYD DIRECTOR (OCT - DEC 17) 1.00 X 0 0 0 GARY COX DIRECTOR 1.00 X 0 0 0 GARY OWENS DIRECTOR 2.00 X 0 0 0 JANINE Y KASPER DIRECTOR 1.00 X 0 0 0 JAY M GOBER DIRECTOR 1.00 X 0 0 0 JOHN JAY DIRECTOR 1.00 X 0 0 0 JULIE MAYRANT DIRECTOR 1.00 X 0 0 0 KELLY BARCLAY DIRECTOR 1.00 X 0 0 0 KENNETH ZAPALAC DIRECTOR 1.00 X 0 0 0 KYLE IRWIN DIRECTOR 1.00 X 0 0 0 MARK WILLIAMSON DIRECTOR 1.00 X 0 0 0 MARK SINGLETON III DIRECTOR 1.00 X 0 0 0 MAYO KASLING JR DIRECTOR 1.00 X 0 0 0 MIKE MURPHY DIRECTOR (OCT - DEC 17) 1.00 X 0 0 0 MIKE WILSON DIRECTOR (JAN - OCT 17) 1.00 X 0 0 0 MIKEL WILLIAMSON DIRECTOR 1.00 X 0 0 0 PETER BENNIS DIRECTOR 1.00 X 0 0 0 ROBERT TEMPLE DIRECTOR 2.00 X 0 0 0 RODNEY RUTHART DIRECTOR (OCT - DEC 17) 1.00 X 0 0 0 ROGER D WILLIAMS DIRECTOR 1.00 X 0 0 0 ROGERS POPE JR DIRECTOR 1.00 X 0 0 0 SAM MUNAFO DIRECTOR 1.00 X 0 0 0 SAMMY D YORK DIRECTOR 1.00 X 0 0 0 SCOTT HEITKAMP DIRECTOR 1.00 X 0 0 0 TIM O'BRIEN DIRECTOR (OCT - DEC 17) 1.00 X 0 0 0 TOM TURNER DIRECTOR 1.00 X 0 0 0 TOMMY MCCULLOCH JR DIRECTOR 1.00 X 0 0 0 TROY ROBINSON DIRECTOR (JAN - SEPT 17) 1.00 X 0 0 0 VIC PIERSON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER L WILLISTON PRESIDENT & CEO 39.00 1.00 X 529522 13085 365947 URSULA JIMENEZ SENIOR VP OF FINANCE 37.00 3.00 X 143300 11580 29212 STEPHEN SCURLOCK EXECUTIVE VP 40.00 X 241973 0 32553 CURTIS NELSON SENIOR VP IBAT 13.00 27.00 X 37496 149957 30546 CHRISTOPHER WILLISTON VI SENIOR VP 40.00 X 155382 0 33022 LORI CORTEZ VICE PRESIDENT IBAT SERVICES 11.00 29.00 X 25352 111008 13770 MEREDYTH FOWLER LEGISLATIVE COUNSEL 40.00 X 136113 0 16159 DOROTHY HOLSTIEN SENIOR VP 40.00 X 136363 0 15025 MARK FEW DIRECTOR OF MEMBERSHIP 24.00 16.00 X 72890 76025 24222 CAROL TROY AGENCY MANAGER 40.00 X 0 131343 18553 1478391 492998 579009 6 0 1 0 HILTON AUSTIN 500 E 4TH ST AUSTIN TX 78701 CONVENTION 198787 KENNEDY & SUTHERLAND LLP 112 E PECAN ST 2810 SAN ANTONIO TX 78205 LEGAL & LOBBYING FEES 144785 MARRIOTT BUSINESS SERVICES PO BOX 402642 ATLANTA GA 30384 TRADESHOW 137850 FREEMAN AUDIO VISUAL PO BOX 650519 DALLAS TX 75265 CONVENTION 111714 4 845302 845302 DUES 900099 1796004 1796004 CONVENTION 900099 555010 555010 LEGISLATIVE FUND 900099 138298 138298 TECH MECCA - BOOTHS 900099 126325 126325 LEADERSHIP DIVISION 900099 112100 112100 82512 28232 54280 2810249 2470 2470 1642845 1642845 21762 0 21762 21762 21762 69000 43133 25867 25867 25867 COMPLIANCE FEE 900099 22890 22890 22890 5371385 2097524 54280 2374279 1585171 1113466 24285 147839 151472 49912 21320 164679 161103 26794 230227 64549 229285 211566 863655 6595 164679 68138 UBIT 6448 PRINTING 50000 ENTERTAINMENT 38662 SUBSCRIPTIONS 26797 105321 5511963 930875 941272 1089942 1173389 230520 165874 480000 20000 50078 144480 157193 4475640 2275063 2411011 2200577 3666 3666 988016 1731640 6278510 6443689 33481 41308 1019872 904717 149587 103571 414080 744811 1617020 1794407 X 4661490 4649282 4661490 4649282 6278510 6443689 -140578 128370 0 X 0 1 X 1 0 0 0 0 1796004 609567 609567 669371 -59804 245921 245921 2224231 1002036 1222195 286933 59573 227360 1590929 1178686 412243 127626 34768 92858 2200577 INTERCO. REC. - IBAT MKT., INC. 347533 INTERCO. REC. - IBAT SERVICES 156477 INTERCO. REC. - MAIN STREET 106641 INTERCO. REC. - IBAT FINANCIAL SERVICES, INC. 271772 CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 849217 1731640 EMPLOYEE BENEFIT PLAN PAYABLE 93777 LONG TERM EMPLOYEE BENEFIT 317055 DEFERRED SALARY CONTINUATION PLAN BENEFIT 333979 744811 X 5499755 128370 128370 5371385 0 5371385 5511963 0 5511963 0 5511963 PART X, LINE 2: EXPLANATION: THE MOST SIGNIFICANT TAX POSITION OF THE ASSOCIATION IS ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THE INTERNAL REVENUE SERVICE (IRS) CONSIDERS THIS "BUSINESS INCOME" UNRELATED TO THE ASSOCIATION'S TAX EXEMPT STATUS. A PORTION OF THE PROFIT FROM THESE ACTIVITIES IS SUBJECT TO FEDERAL INCOME TAXES. FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016, THE ASSOCIATION HAS ACCRUED FOR ESTIMATED UNRELATED BUSINESS INCOME TAXES DUE. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. X 1 1 X X X X 0 1 0 CHRISTOPHER L WILLISTON PRESIDENT & CEO 329952 13085 44675 0 154895 0 333979 0 31291 677 894792 13762 0 0 URSULA JIMENEZ SENIOR VP OF FINANCE 114341 11580 19195 0 9764 0 0 0 28264 948 171564 12528 0 0 STEPHEN SCURLOCK EXECUTIVE VP 213239 0 15450 0 13284 0 0 0 32553 0 274526 0 0 0 CURTIS NELSON SENIOR VP IBAT 37496 126642 0 13600 0 9715 0 0 16619 13927 54115 163884 0 0 CHRISTOPHER WILLISTON VI SENIOR VP 135394 0 15075 0 4913 0 0 0 33022 0 188404 0 0 0 LORI CORTEZ VICE PRESIDENT IBAT SERVICES 25352 98465 0 12315 0 228 0 0 3851 9919 29203 120927 0 0 MEREDYTH FOWLER LEGISLATIVE COUNSEL 127498 0 7330 0 1285 0 0 0 16159 0 152272 0 0 0 DOROTHY HOLSTIEN SENIOR VP 116244 0 11375 0 8744 0 0 0 15025 0 151388 0 0 0 MARK FEW DIRECTOR OF MEMBERSHIP 72890 60254 0 6800 0 8971 0 0 19385 4837 92275 80862 0 0 FORM 990, SCHEDULE J: IBAT IS THE COMMON PAYMASTER FOR ITSELF AND ITS RELATED ENTITIES. AMOUNTS LISTED ON FORM 990, PART VII, SECTION A, COLUMN E AND SCHEDULE J, PART II, ROW II REPRESENT ALLOCATION OF SHARED PAYROLL EXPENSES TO IBAT'S RELATED ENTITIES. FORM 990, SCHEDULE J, LINE 4B: WILLISTON - SECTION 457(F) - $333,979 STEVE SCURLOCK KEY EMPLOYEE MEMBERSHIP FEE X 20000 20000 0 0 1 20000 STEVE SCURLOCK KEY EMPLOYEE 32000 ASSET PURCHASE 0 CHRISTOPHER WILLISTON OFFICER 287500 LOAN REPAYMENT 0 FORM 990, PART VI, SECTION A, LINE 2 JOE KIM KING, VICTOR PIERSON, AND ROGERS POPE, JR - BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 DURING THE TAX YEAR THE ORGANIZATIONS BYLAWS WERE AMENDED TO: - CHANGE THE COMPOSITION OF THE VOTING MEMBERS OF IBAT'S BOARD OF DIRECTORS RELATED TO INDEPENDENT COMMUNITY BANKERS OF AMERICA (ICBA) FROM FOUR DIRECTORS OF ICBA TO ALL DIRECTORS OF ICBA WHOSE RESPECTIVE BANKS ARE MEMBERS OF IBAT. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP ELIGIBILITY IS SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS AND PAYMENT OF THE REQUESITE DUES. MEMBERSHIP IS DIVIDED INTO FIVE CLASSES; ASSOCIATE, CORRESPONDENT ASSOCIATE, SUSTAINING MEMBER BANK, AFFILIATE, AND LEADERSHIP DIVISION. FORM 990, PART VI, SECTION A, LINE 7A AT EACH MEETING OF THE ASSOCIATION AND UPON EACH PROPOSAL PRESENTED AT SUCH MEETING EACH MEMBER OF THE ASSOCIATION IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE TO BE CAST BY ONE OF ITS OFFICERS OR DIRECTORS DESIGNATED BY SUCH MEMBER OR OTHERWISE AUTHORIZED. FORM 990, PART VI, SECTION A, LINE 7B ALL MEMBERS OF THE ASSOCIATION IN GOOD STANDING SHALL BE ENTITLED TO VOTE ON CHANGES TO BY-LAWS, ELECTION OF OFFICERS, ADDITION OF BOARD MEMBERS AND VARIOUS MANAGEMENT ITEMS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT TAX RETURN WILL BE REVIEWED BY THE BUDGET, AUDIT, AND COMPENSATION COMMITTEE WITH THE TAX RETURN PREPARING CPA. THE BUDGET, AUDIT, AND COMPENSATION COMMITTEE WILL MAKE ANY CORRECTIONS AND APPROVE FOR FILING. A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS BEFORE FILING THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO COMPLETE, SIGN, AND RETURN A DISCLOSURE POLICY AT THE BEGINNING OF EVERY YEAR. PERIODIC REMINDERS OCCUR AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE CEO IS DETERMINED BY THE BUDGET, AUDIT, AND COMPENSATION COMMITTEE. THE PROCESS FOR DETERMINING COMPENSATION INCLUDES A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION STUDY, APPROVAL BY THE BUDGET, AUDIT, AND COMPENSATION COMMITTEE AND THEN BOARD OF DIRECTORS. THIS DECISION MAKING PROCESS IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY THE CEO AND REVIEWED BY THE BUDGET, AUDIT, AND COMPENSATION COMMITTEE. THE ORGANIZATION PARTICIPATES IN AN ASSOCIATION SALARY SURVEY THAT COMPARES POSITIONS TO THE SALARIES OF OTHER ASSOCIATIONS. THE SURVEY IS USED AS A BASIS FOR DETERMINING SALARY RANGE FOR EACH STAFF POSITION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH WRITTEN OR ORAL REQUEST. MAIN STREET FOUNDATION 1700 RIO GRANDE ST STE 100 AUSTIN TX 78701 742932297 EDUCATIONAL DEVELOPMENT TX 501(C)(3) LINE 11 0 INDEPENDENT BANKERS ASSOCIATION OF TEXAS PAC 1700 RIO GRANDE ST STE 100 AUSTIN TX 78701 742791631 LEGISLATIVE ACTIVITIES TX 527 0 IBAT SERVICES INC 1700 RIO GRANDE ST STE 100 AUSTIN TX 78701 742306778 BANKING SERVICES TX INDEPENDENT BANKERS ASSOCIATION OF TEXAS C 1108194 617820 1.00000 1 IBAT MARKETING INC 1700 RIO GRANDE ST STE 100 AUSTIN TX 78701 742597021 BANKING SERVICES TX INDEPENDENT BANKERS ASSOCIATION OF TEXAS C 4089 113897 1.00000 1 IBAT FINANCIAL SERVICES INC 1700 RIO GRANDE ST STE 100 AUSTIN TX 78701 760311543 INSURANCE TX INDEPENDENT BANKERS ASSOCIATION OF TEXAS C 628038 555467 1.00000 1 IBAT BOND TRUST 1701 RIO GRANDE STE 100 AUSTIN TX 78701 746290508 INSURANCE TX INDEPENDENT BANKERS ASSOCIATION OF TEXAS T 1892 633699 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 1 IBAT FINANCIAL SERVICES O 467552 ACTUAL CASH IBAT FINANCIAL SERVICES N 13130 ACTUAL CASH IBAT FINANCIAL SERVICES Q 5051 ACTUAL CASH IBAT SERVICES INC O 530794 ACTUAL CASH IBAT SERVICES INC N 14424 ACTUAL CASH IBAT SERVICES INC Q 6263 ACTUAL CASH IBAT SERVICES INC L 289306 ACTUAL CASH MAIN STREET FOUNDATION Q 60321 ACTUAL CASH MAIN STREET FOUNDATION N 14636 ACTUAL CASH MAIN STREET FOUNDATION O 233169 ACTUAL CASH IBAT FINANCIAL SERVICES S 270053 CASH - INTER CO REC IBAT BOND TRUST O 3096 ACTUAL CASH IBAT BOND TRUST Q 270 ACTUAL CASH IBAT PAC L 36190 ACTUAL CASH