2025-11-11T12:45:31-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 410327400 INDEPENDENT COMMUNITY BANKERS OF AMERICA INDE 3203526546 518 LINCOLN ROAD SAUK CENTRE MN 56378 ALEX GALEANO SEVP/CFO 3203526546 2025-11-11 1 1 ANN NEIL P01817922 6123764500 2025-11-05 2024 2025-03-06 01:10:19Z REBECA ROMERO RAINEY 518 LINCOLN ROAD SAUK CENTRE MN 56378 92871598 0 X WWW.ICBA.ORG X 1930 MN CREATE AND PROMOTE AN ENVIRONMENT WHERE COMMUNITY BANKS FLOURISH. 21 20 200 244 1703780 735284 0 0 32803719 33592250 341240 3689387 11763013 11854540 44907972 49136177 303436 25540 0 0 26817664 27603683 0 0 0 24941810 20956002 52062910 48585225 -7154938 550952 291398996 304982850 34200446 32171475 257198550 272811375 X CREATE AND PROMOTE AN ENVIRONMENT WHERE COMMUNITY BANKS FLOURISH. 0 0 PUBLICATIONS-ICBA'S MANY PUBLICATIONS INFORM MEMBERS ABOUT THE TRENDS AND ISSUES AFFECTING THE COMMUNITY BANKING INDUSTRY, INCLUDING AWARD WINNING INDEPENDENT BANKER MAGAZINE AND ICBA NEWSWATCH TODAY. EDUCATION-ICBA PROVIDES COMMUNITY BANKERS WITH EDUCATION TO MEET THEIR TECHNOLOGY, OPERATIONS, AND COMPLIANCE NEEDS. ICBA OFFERS SUPERIOR SEMINARS, PRODUCTS, AND ONLINE TRAINING THAT BRINGS TOP INDUSTRY KNOWLEDGE TO MEMBERS. ALL COURSES ARE REVIEWED AND APPROVED BY A COMMITTEE OF COMMUNITY BANKERS BEFORE THEY BECOME AVAILABLE.CONTINUED ON SCHEDULE O. ICBA LIVE-ICBA'S ANNUAL CONVENTION IS THE LARGEST EDUCATIONAL GATHERING OF COMMUNITY BANKERS. THE EDUCATIONAL OPPORTUNITIES AT THIS NATIONAL EVENT KEEP BANKERS UP TO DATE ON THE LATEST TRENDS AND INNOVATIONS IMPACTING THEIR BANK.BANK DIRECTOR PROGRAM-ICBA'S BANK DIRECTOR PROGRAM OFFERS DIRECTORS ESSENTIAL INFORMATION, IN-DEPTH EDUCATIONAL PROGRAMS AND CONVENIENCE. OVER 5,000 PARTICIPANTS NETWORK WITH OTHER COMMUNITY BANK DIRECTORS FROM ACROSS THE COUNTRY TO KEEP "COMMUNITY" IN THEIR COMMUNITY BANKS.MARKETING RESOURCES-ICBA OFFERS MARKETING RESOURCE PROGRAMS DESIGNED TO HELP MEMBERS FIND COST-EFFECTIVE AND TIME-SAVING WAYS TO PROMOTE THEIR BANKS.CONSUMER EDUCATION AND RESOURCES-ICBA HAS FORMED ALLIANCES WITH VARIOUS ORGANIZATIONS TO PROVIDE EDUCATION AND RESOURCES FOR MEMBERS AND THEIR COMMUNITIES. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 95 0 1 200 1 1 1 0 0 0 1 1 0 1 0 X 21 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA X SHERRY JEAN LARSON 3203526546 518 LINCOLN ROAD SAUK CENTRE MN 56378 ALICE FRAZIER VICE CHAIRMAN 1.00 0.00 X X 15662 0 0 ANITA DRENTLAW DIRECTOR 1.00 0.00 X 3819 0 0 BRAD BOLTON PAST CHAIRMAN 1.00 0.00 X 24159 0 0 BRENDA FOSTER DIRECTOR 1.00 0.00 X 0 0 0 DEREK WILLIAMS IMMEDIATE PAST CHAIRMAN 1.00 0.00 X X 20048 0 0 DOUGLAS PARROTT DIRECTOR 1.00 0.00 X 1379 0 0 GAY DEMPSEY DIRECTOR 1.00 0.00 X 0 0 0 JACK HARTINGS DIRECTOR UNTIL MARCH 2024 1.00 0.00 X 3741 0 0 JACK HOPKINS CHAIRMAN ELECT 1.00 0.00 X X 28734 684 0 JAMES SILLS III SECRETARY 1.00 0.00 X X 4695 0 0 JILL SUNG DIRECTOR 1.00 0.00 X 0 0 0 JOHN 'JV' EVANS III DIRECTOR 1.00 0.00 X 0 0 0 LUCAS WHITE CHAIRMAN 1.00 0.00 X X 27389 1055 0 MICHAEL BURKE JR DIRECTOR 1.00 0.00 X 3536 348 0 NOAH WILCOX PAST CHAIRMAN 1.00 0.00 X 11698 0 0 PETER NELSON DIRECTOR 1.00 0.00 X 0 0 0 QUENTIN LEIGHTY TREASURER 1.00 0.00 X X 3679 0 0 REBECA ROMERO RAINEY PRESIDENT/CEO 40.00 5.00 X X 2284630 0 51030 ROBERT FISHER PAST CHAIRMAN 1.00 0.00 X 13156 0 0 SARAH GETZLAFF DIRECTOR 1.00 0.00 X 5350 345 0 SHON MYERS DIRECTOR 1.00 0.00 X 3251 0 0 THOMAS BATES JR DIRECTOR UNTIL MARCH 2024 1.00 0.00 X 1648 0 0 VERLIN BARKER DIRECTOR 1.00 0.00 X 5184 0 0 ALEX GALEANO SEVP CHIEF FINANCE AND ADMINISTRATIVE OFFICER 25.00 20.00 X 602711 0 48161 ANNE BALCER SEVP CHIEF GOVERNMENT RELATIONS & PUBLIC POLICY 45.00 0.00 X 631613 0 43991 KEVIN TWEDDLE SEVP INNOVATION 25.00 20.00 X 576860 0 51030 LINDSAY LANORE SEVP CHIEF LEARNING & EXPERIENCE OFFICER 45.00 0.00 X 398183 0 53430 PRABHASH SHRESTHA EVP CHIEF DIGITAL STRATEGY OFFICER 40.00 5.00 X 391225 0 36490 ROBERT BIRGFELD EVP CHIEF MARKETING OFFICER 45.00 0.00 X 352174 0 54030 VALERIE UTSEY EVP CHIEF PEOPLE OFFICER 45.00 0.00 X 370902 0 51361 CHARLES POTTS EVP INNOVATION 40.00 0.00 X 318874 0 49502 CHRISTOPHER COLE EVP SENIOR REGULATORY COUNSEL 40.00 0.00 X 301962 0 46111 LILLIANE THOMAS EVP REGULATORY RELATIONS 40.00 0.00 X 357831 0 51030 PAUL MERSKI EVP CONGRESSIONAL RELATIONS 40.00 0.00 X 448770 0 46791 WILLIAM PUSEY EVP MEMBER RELATIONS 40.00 0.00 X 299778 0 30944 CAMDEN FINE FORMER PRESIDENT/CEO 0.00 0.00 X 131649 0 0 TERRY JORDE FORMER SEVP CHIEF OF STAFF 0.00 0.00 X 128130 0 0 7772420 2432 613901 84 1 1 0 PRODUCTION RESOURCE GROUP LLC 1902 CYPRESS LAKE ROAD ORLANDO FL 32837 CONVENTION-LIGHT, AUDIO,VISUAL 818320 ORLANDO WORLD CENTER MARRIOTT 8701 WORLD CENTER DRIVE ORLANDO FL 32821 CONVENTION-HOTEL/EVENT SPACE 805363 WILLIAMS & CONNOLLY LLP PO BOX 7410903 CHICAGO IL 60674 LEGAL CONSULTING 700000 MOTIVACTION LLC 16355 36TH AVE N STE 100 MINNEAPOLIS MN 55446 CONVENTION-EVENT MANAGEMENT 554983 CLIFTONLARSONALLEN LLP PO BOX 776376 CHICAGO IL 60677 CONSULTING, AUDIT & TAX PREP 533642 32 MEMBERSHIP DUES 900099 21918505 21918505 CONVENTIONS/SEMINARS 900099 10929957 10926888 3069 ADVERTISING/MARKETING 541800 743788 743788 33592250 5192997 5192997 11219510 579598 10639912 42231811 43727527 7894 -1495716 -7894 -1503610 -1503610 ISN SERVICE CONTRACT 541900 377325 377325 MISCELLANEOUS REVENUE 900099 257705 257705 635030 49136177 33103098 1703780 14329299 25540 6174949 259779 16135571 1013906 2492197 1527281 1032540 161168 315083 2364513 2568761 785312 1177534 1222738 2696520 5502869 165981 416431 OTHER EXPENSES 1457641 TAXES 540751 SUBSCRIPTIONS 372974 SPORTING EVENTS 175186 48585225 7371565 6866270 15418574 17392021 11186068 5934417 11176488 11176488 3496890 2883565 11215902 9375520 1378836 1840382 130174436 131594757 106624836 124325578 4571303 2969372 291398996 304982850 4855143 5043612 20700705 22129685 863590 871174 7781008 4127004 34200446 32171475 X 257198550 272811375 257198550 272811375 291398996 304982850 X 550952 9816862 5245011 X 0 1 X 1 0 0 0 1 20865997 5424767 -2185582 3239185 6322397 -3083212 PART I-A, LINE 1: ICBA WORKS IN WASHINGTON TO PROTECT THE INTERESTS OF COMMUNITY BANKS BY MONITORING AND INFLUENCING NUMEROUS FEDERAL ACTIVITIES AFFECTING COMMUNITY BANKS AND CUSTOMERS. THERE'S A BROAD REACH WITH LAWMAKERS, REGULATORS, AND POLICY-SETTING BOARDS AND WORKING WITH THESE BODIES ENSURES THAT THE NEEDS OF THE COMMUNITY BANKERS ARE HEARD AND MET. 0 1 X 26100 26100 659047 658302 745 4871474 3987516 883958 5492925 4729702 763223 166356 166356 1840382 9234706 C SUBSIDIARY INVESTMENTS 106999451 C MARKETABLE ALTERNATIVES 8091421 F 124325578 LEASE LIABILITY 2503647 INTERCOMPANY PAYABLE 1365134 INCOME TAX PAYABLE 258223 4127004 X 57647266 9816862 9816862 47830404 315083 990690 1305773 49136177 45085923 0 45085923 315083 3184219 3499302 48585225 PART IV, LINE 2B: THE ESCROW ACCOUNT LIABILITY IS RELATED THE ORGANIZATION'S 457(B) DEFERRED COMPENSATION PLAN. PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC), WITH THE EXCEPTION OF CERTAIN UNRELATED BUSINESS INCOME, WHICH IS SUBJECT TO TAX. UNDER THE CURRENT PROVISIONS OF IRC SECTION 512(B), UNRELATED BUSINESS TAXABLE INCOME, PAYMENTS RECEIVED FROM CONTROLLED SUBSIDIARIES ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX ONLY TO THE EXTENT THEY ARE IN EXCESS OF THE FAIR MARKET VALUE OF THE PAYMENT. MANAGEMENT HAS CONDUCTED A 482 TRANSFER PRICING STUDY AND AS A RESULT OF THAT STUDY DETERMINED THAT THE ROYALTIES DO NOT EXCEED FAIR MARKET VALUE AND ARE THEREFORE, NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSOCIATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS. THE ASSOCIATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. THE ASSOCIATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: ICBA VENTURES, LLC REVENUES 454,365. ISN CONTRACT REVENUE 377,325. OTHER ADJUSTMENTS 159,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: ICBA VENTURES, LLC EXPENSES 2,612,392. ISN CONTRACT REVENUE 377,325. OTHER ADJUSTMENTS 194,502. 1 ICBA FOUNDATION INC 1615 L STREET NW 900 WASHINGTON DC 20036 832846448 501(C)(3) 25540 0 N/A N/A TO SUPPORT COMMUNITY BANKERS AFFECTED BY HURRICANES. 1 0 PART I, LINE 2: THE ASSOCIATION MAINTAINS A FRAMEWORK FOR MONITORING THE USE OF CONTRIBUTIONS TO ENSURE COMPLIANCE, TRANSPARENCY, AND ALIGNMENT WITH OUR MISSION. THE ASSOCIATION AND ITS FOUNDATION WORK IN PARTNERSHIP TO ADMINISTER CONTRIBUTIONS. THIS SHARED MANAGEMENT STRUCTURE ENSURES THAT ALL DISBURSEMENTS AND EXPENDITURES ARE REVIEWED AGAINST ESTABLISHED GUIDELINES AND STRATEGIC PRIORITIES. X X X X 1 1 X X X X X X 1 1 0 REBECA ROMERO RAINEY PRESIDENT/CEO 1798053 0 472500 0 14077 0 20700 0 30330 0 2335660 0 0 0 ANNE BALCER SEVP CHIEF GOVERNMENT RELATIONS & PU 527619 0 95275 0 8719 0 20400 0 23591 0 675604 0 0 0 ALEX GALEANO SEVP CHIEF FINANCE AND ADMINISTRATIV 464038 0 133300 0 5373 0 20700 0 27461 0 650872 0 0 0 KEVIN TWEDDLE SEVP INNOVATION 487973 0 80224 0 8663 0 20700 0 30330 0 627890 0 0 0 PAUL MERSKI EVP CONGRESSIONAL RELATIONS 399796 0 43281 0 5693 0 20700 0 26091 0 495561 0 0 0 LINDSAY LANORE SEVP CHIEF LEARNING & EXPERIENCE OFF 338718 0 56196 0 3269 0 20700 0 32730 0 451613 0 0 0 PRABHASH SHRESTHA EVP CHIEF DIGITAL STRATEGY OFFICER 329946 0 60384 0 895 0 12310 0 24180 0 427715 0 0 0 VALERIE UTSEY EVP CHIEF PEOPLE OFFICER 311389 0 56425 0 3088 0 20700 0 30661 0 422263 0 0 0 LILLIANE THOMAS EVP REGULATORY RELATIONS 320357 0 34650 0 2824 0 20700 0 30330 0 408861 0 0 0 ROBERT BIRGFELD EVP CHIEF MARKETING OFFICER 295240 0 54307 0 2627 0 20700 0 33330 0 406204 0 0 0 CHARLES POTTS EVP INNOVATION 286769 0 28325 0 3780 0 19172 0 30330 0 368376 0 0 0 CHRISTOPHER COLE EVP SENIOR REGULATORY COUNSEL 265709 0 26162 0 10091 0 31708 0 14403 0 348073 0 0 0 WILLIAM PUSEY EVP MEMBER RELATIONS 210823 0 82769 0 6186 0 17711 0 13233 0 330722 0 0 0 CAMDEN FINE FORMER PRESIDENT/CEO 0 0 0 0 131649 0 0 0 0 0 131649 0 0 0 TERRY JORDE FORMER SEVP CHIEF OF STAFF 0 0 0 0 128130 0 0 0 0 0 128130 0 0 0 PART I, LINE 1A FIRST-CLASS TRAVEL: FIRST-CLASS TRAVEL IS ALLOWED FOR CERTAIN EXCEPTIONS DEPENDING ON TRAVEL TIME. TRAVEL FOR COMPANIONS: COMPANION TRAVEL REIMBURSEMENT IS PROVIDED TO BOARD MEMBERS AND SENIOR STAFF AS THEY ATTEND CERTAIN MEETINGS AND EVENTS OF THE ORGANIZATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE AMOUNT FOR THE COMPANION TRAVEL IS GROSSED-UP AND INCLUDED IN APPROPRIATE TAX FORMS. HEALTH/SOCIAL CLUB DUES: ICBA PAYS FOR THE DUES TO THE UNIVERSITY CLUB OF WASHINGTON DC FOR CERTAIN SENIOR STAFF. ITEMS THAT ARE PERSONAL IN NATURE ARE REPORTED AS TAXABLE WAGES. PART I, LINES 4A-B DUE TO A CONFIDENTIALITY AGREEMENT, ANY SEVERANCE, OR CHANGE OF CONTROL PAYMENTS ARE NOT REPORTED IN DETAIL HERE. CAMDEN FINE, TRICIA HOPKINS AND TERRY JORDE PARTICIPATED IN A SPLIT-DOLLAR LIFE INSURANCE PLAN. SCHEDULE J, PART II, COLUMN C: ICBA MAINTAINS A MULTIEMPLOYER DEFINED BENEFIT PLAN WHICH WAS FROZEN ON 1/1/2012. FOR ELIGIBLE EMPLOYEES, IN ACCORDANCE WITH IRS GUIDELINES, THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF AN EMPLOYEES ACCOUNT ARE REFLECTED IN SCHEDULE J, COLUMN C- RETIREMENT AND OTHER DEFERRED COMPENSATION. CAMDEN FINE FORMER PRESIDENT AND CEO 2015 SPLIT DOLLAR INSURANCE PREMIUM X 635000 610298 0 1 1 CAMDEN FINE FORMER PRESIDENT AND CEO 2009 SPLIT DOLLAR INSURANCE PREMIUM X 635000 635000 0 1 1 CAMDEN FINE FORMER PRESIDENT AND CEO 2010 SPLIT DOLLAR INSURANCE PREMIUM X 635000 635000 0 1 1 CAMDEN FINE FORMER PRESIDENT AND CEO 2011 SPLIT DOLLAR INSURANCE PREMIUM X 635000 635000 0 1 1 CAMDEN FINE FORMER PRESIDENT AND CEO 2012 SPLIT DOLLAR INSURANCE PREMIUM X 1860000 1860000 0 1 1 PATRICIA HOPKINS FORMER SR. EVP/ CFO 2015 SPLIT DOLLAR INSURANCE PREMIUM X 1821190 1821190 0 1 1 TERRY JORDE FORMER SR. EVP, CHIEF OF STAFF 2017 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE FORMER SR. EVP, CHIEF OF STAFF 2018 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE FORMER SR. EVP, CHIEF OF STAFF 2019 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE FORMER SR. EVP, CHIEF OF STAFF 2020 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE FORMER SR. EVP, CHIEF OF STAFF 2021 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE FORMER SR. EVP, CHIEF OF STAFF 2022 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 11176488 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIRMAN, CHAIRMAN-ELECT, VICE CHAIRMAN, PRESIDENT, SECRETARY, TREASURER, CHAIRMAN OF ICBA CONSOLIDATED HOLDINGS, ICBA CORPORATE SECRETARY AND THE PAST TWO CHAIRMEN. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION EXCEPT FOR POWERS EXPRESSLY RESERVED TO THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL APPOINT THE PRESIDENT OF THE ASSOCIATION AND SHALL FILL ANY VACANCY IN THAT OFFICE. THE EXECUTIVE COMMITTEE SHALL TAKE ALL REQUIRED AND NECESSARY ACTIONS ON BEHALF OF THE ASSOCIATION WITH RESPECT TO THE ASSOCIATION'S RIGHTS, DUTIES AND OBLIGATIONS WITH ANY ICBA RELATED ENTITY OR THIRD PARTY. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE ASSOCIATION IS EITHER "ACTIVE OR "HONORARY". ACTIVE MEMBERS ARE A COMMUNITY BANK OR OTHER COMMUNITY FINANCIAL INSTITUTION WHICH SUPPORTS AND ADHERES TO THE PRINCIPLES AND PURPOSES OF THIS ASSOCIATION. HONORARY MEMBER MAY BE CONFERRED ON ANY INDIVIDUALS OR ORGANIZATION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIRMAN-ELECT, VICE CHAIRMAN, SECRETARY AND TREASURER SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS AT THE BOARD OF DIRECTORS MEETING HELD IN CONJUNCTION WITH THE GENERAL CONVENTION. TO BE ELIGIBLE FOR ELECTION, CANDIDATES MUST BE EXECUTIVE OFFICERS OF AN ACTIVE MEMBER OR THE PARENT OF AN ACTIVE MEMBER. THE NOMINATING COMMITTEE SHALL EACH YEAR REVIEW ELIGIBLE CANDIDATES AND PROPOSE TO THE BOARD OF DIRECTORS ONE QUALIFIED NOMINEE FOR EACH ELECTIVE OFFICE. FORM 990, PART VI, SECTION A, LINE 7B THE EXECUTIVE COMMITTEE SELECTS THE TIME AND PLACE FOR THE GENERAL CONVENTION OF THE ASSOCIATION. THE EXECUTIVE COMMITTEE IS VESTED WITH THE MANAGEMENT OF THE ASSOCIATION BETWEEN GENERAL CONVENTIONS. ITS SOVEREIGNTY IS SECOND ONLY TO THAT OF THE GENERAL CONVENTIONS. IT SHALL HAVE THE POWER TO FILL ANY VACANCIES THAT MAY OCCUR IN ANY OF THE OFFICES OF THE ASSOCIATION AND IN THE MEMBERSHIP OF THE COMMITTEE. IT SHALL PROVIDE THE RULES AND REGULATIONS FOR THE CONDUCT OF THE ASSOCIATION'S AFFAIRS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY ICBA'S EXTERNAL TAX ADVISORS AND IS INTERNALLY REVIEWED BY ICBA'S MANAGEMENT, WHICH INCLUDES CERTIFIED PUBLIC ACCOUNTANTS, PRIOR TO FILING WITH THE IRS. THE RETURN IS REVIEWED BY THE CONTROLLER, CFO AND CEO. A COPY OF THE FORM 990, INCLUDING ALL REQUIRED SCHEDULES, IS PROVIDED TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL INTERESTED PERSONS, INCLUDING OFFICERS AND DIRECTORS. THE BOARD REVIEWS CONFLICTS AND DETERMINES IF CONFLICTS EXIST. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST AND IT HAS NOT BEEN DISCLOSED, THE BOARD, EXECUTIVE COMMITTEE, OR OTHER COMMITTEE SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. PROCEEDINGS RESULTING FROM CONFLICTS OF INTEREST ARE DOCUMENTED IN THE APPROPRIATE BOARD'S OR COMMITTEE'S MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION AND BENEFITS FOR THE CEO ARE SET BY THE COMPENSATION COMMITTEE THAT REVIEWS THE SALARY AND BENEFITS TO ENSURE THAT THEY ARE COMPETITIVE AND APPROVES ALL INCREASES AND OTHER CHANGES. ICBA PERIODICALLY ENGAGES AN INDEPENDENT CONSULTANT TO CONDUCT A COMPENSATION STUDY OF ALL ASSOCIATION POSITIONS, INCLUDING EXECUTIVE STAFF. THIS STUDY INCLUDES A COMPREHENSIVE MARKET ANALYSIS OF DATA FROM SEVERAL SOURCES TO ENSURE THAT THE COMPENSATION LEVELS ARE COMPETITIVE WITH THE EXTERNAL MARKET. THE MOST RECENT STUDY WAS CONDUCTED IN 2023. THE EXECUTIVE COMMITTEE APPROVES COMPENSATION RECOMMENDATIONS FOR ALL OFFICERS AND KEY EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC, HOWEVER, THEY ARE MADE AVAILABLE TO THE MEMBERS OF THE BOARD OF DIRECTORS AND STAFF OF ICBA. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARY 1,294,458. OTHER CHANGES IN COMPREHENSIVE INCOME 30,914. EQUITY TRANSFER 3,919,639. ICBA VENTURES LLC 518 LINCOLN ROAD SAUK CENTRE MN 56378 934129020 OPPORTUNITY FUND INVESTMENTS DE 454365 1871189 INDEPENDENT COMMUNITY BANKERS OF AMERICA ICBA FOUNDATION 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 832846448 DISASTER RELIEF DC 501(C)(3) LINE 12A, I INDEPENDENT COMMUNITY BANKERS OF AMERICA 1 INDEPENDENT COMMUNITY BANKERS OF AMERICA PAC 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 930882483 POLITICAL ACTION COMMITTEE DC 527 N/A INDEPENDENT COMMUNITY BANKERS OF AMERICA 1 ICBA SERVICES NETWORK 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 541444840 HOLDING COMPANY DE ICBA CONSOLIDATED HOLDINGS INC C 4362585 78147306 1.00000 1 ICBA SECURITIES CORPORATION 775 RIDGE LAKE BLVD SUITE 190 MEMPHIS TN 38120 061253210 SECURITIES BROKER DE ICBA SERVICES NETWORK INC C 1619375 1091551 1.00000 1 ICBA BANCARD INC DBA ICBA PAYMENTS 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 521439424 SERVICES DE ICBA SERVICES NETWORK INC C 71815394 145979728 1.00000 1 TCM BANK NA 3501 E FRONTAGE RD STE 200 TAMPA FL 33607 593476606 BANKING FL ICBA BANCARD INC C 78075275 380474226 1.00000 1 ICBA CONSOLIDATED HOLDINGS INC 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 274374508 HOLDING COMPANY DE INDEPENDENT COMMUNITY BANKERS OF AMERICA C 72616 110285833 1.00000 1 USI ALLIANCE INC 8700 TRAIL LAKE DRIVE W SUITE 140 MEMPHIS TN 38125 621632904 SERVICES TN ICBA CONSOLIDATED HOLDINGS INC C 3082244 5028412 1.00000 1 SENIOR HOUSING CRIME PREVENTION INVESTMENT 8700 TRAIL LAKE DRIVE W SUITE 140 MEMPHIS TN 38125 621838616 SERVICES TN ICBA CONSOLIDATED HOLDINGS INC C 5573058 4511481 1.00000 1 ICBA REINSURANCE COMPANY LTD 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 980196531 SERVICES AZ ICBA SERVICES NETWORK INC C 1203336 6775885 1.00000 1 ICBA WELLSERVE 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 882382288 MANAGEMENT SERVICES DE ICBA SERVICES NETWORK INC C 3477381 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 ICBA BANCARD INC DBA ICBA PAYMENTS A 2106338 ACTUAL AMOUNT INCURRED ICBA SECURITIES CORPORATION A 74686 ACTUAL AMOUNT INCURRED TCM BANK NA A 3063481 ACTUAL AMOUNT INCURRED ICBA BANCARD INC DBA ICBA PAYMENTS J 401993 ACTUAL AMOUNT INCURRED ICBA SERVICES NETWORK INC N 857524 ACTUAL AMOUNT INCURRED ICBA BANCARD INC DBA ICBA PAYMENTS N 76354 ACTUAL AMOUNT INCURRED ICBA SERVICES NETWORK INC O 3558412 ACTUAL AMOUNT INCURRED ICBA SERVICES NETWORK INC Q 4755296 ACTUAL AMOUNT INCURRED ICBA BANCARD INC DBA ICBA PAYMENTS Q 7911465 ACTUAL AMOUNT INCURRED ICBA SECURITIES CORPORATION Q 490481 ACTUAL AMOUNT INCURRED USI ALLIANCE INC Q 1858263 ACTUAL AMOUNT INCURRED TCM BANK NA Q 7520892 ACTUAL AMOUNT INCURRED