2023-11-15T09:31:17-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2022-01-01 410327400 INDEPENDENT COMMUNITY BANKERS OF AMERICA INDE 3203526546 518 LINCOLN ROAD SAUK CENTRE MN 56378 ALEX GALEANO SEVP/CFO 3203526546 2023-11-13 1 ALEX GALEANO 999009999 0 MACKENZIE MCNAUGHTON P02025805 6123764500 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z REBECA ROMERO RAINEY 518 LINCOLN ROAD SAUK CENTRE MN 56378 55943763 0 X WWW.ICBA.ORG X 1930 MN CREATE AND PROMOTE AN ENVIRONMENT WHERE COMMUNITY BANKS FLOURISH. 20 14 339 258 1970260 826896 0 0 27907050 31646787 7087283 3578089 11000259 11003223 45994592 46228099 318475 506205 0 0 22823041 24835956 0 0 0 13316778 16363653 36458294 41705814 9536298 4522285 290014074 279726377 24224999 30004298 265789075 249722079 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, ICBA NEWSWATCH TODAY, AND ICBA MEMBER ACCESS. COMMUNITY BANKER UNIVERSITY-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.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 THEMSELVES. 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 80 0 339 1 1 1 1 TK 0 0 1 1 0 1 0 X 20 14 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 REBECA ROMERO RAINEY PRESIDENT/CEO 40.00 5.00 X X 1522890 0 41574 BRAD BOLTON CHAIRMAN 1.00 0.00 X X 42571 2842 0 ROBERT FISHER IMMEDIATE PAST CHAIRMAN 1.00 0.00 X X 44725 0 0 LUCAS WHITE VICE CHAIRMAN 1.00 0.00 X X 19538 0 0 DEREK WILLIAMS CHAIRMAN ELECT 1.00 0.00 X 17524 0 0 PRESTON KENNEDY PAST CHAIRMAN 1.00 0.00 X 13763 0 0 JACK HARTINGS PAST CHAIRMAN 1.00 0.00 X 9645 0 0 SARAH GETZLAFF TREASURER 1.00 0.00 X X 7491 0 0 TIMOTHY ZIMMERMAN PAST CHAIRMAN UNTIL MARCH 2022 1.00 0.00 X 6444 0 0 TIM AIKEN SECRETARY 1.00 0.00 X X 5648 0 0 MARK HESSER DIRECTOR 1.00 0.00 X 5016 0 0 SCOTT HEITKAMP PAST CHAIRMAN 1.00 0.00 X 3633 1136 0 DOUG OUELLETTE DIRECTOR 1.00 0.00 X 4214 0 0 ALICE FRAZIER DIRECTOR 1.00 0.00 X 3758 0 0 KATHY UNDERWOOD DIRECTOR 1.00 0.00 X 2356 1395 0 MICHAEL J BURKE JR DIRECTOR 1.00 0.00 X 2904 0 0 NOAH WILCOX PAST CHAIRMAN 1.00 0.00 X 2685 0 0 QUENTIN LEIGHTY DIRECTOR 1.00 0.00 X 1351 0 0 BRENDA FOSTER DIRECTOR 1.00 0.00 X 0 0 0 RUSSELL LAFFITTE VICE CHAIRMAN UNTIL JAN 2022 1.00 0.00 X X 0 0 0 GREG DECKARD TREASURER UNTIL MARCH 2022 1.00 0.00 X X 0 0 0 THOMAS BATES DIRECTOR UNTIL MARCH 2022 1.00 0.00 X 0 0 0 JILL SUNG DIRECTOR 1.00 0.00 X 0 0 0 SHON MYERS DIRECTOR 1.00 0.00 X 0 0 0 G SCOTT MCCOMB DIRECTOR UNTIL MARCH 2022 1.00 0.00 X 0 0 0 TERRY JORDE SEVP/CHIEF OF STAFF 43.00 2.00 X 1030858 0 44424 ALEX GALEANO SEVP/CHIEF FINANCE AND ADMIN OFFICER 25.00 20.00 X 466330 0 41574 KAREN THOMAS SEVP GOV. RELATIONS & PUBLIC POLICY 45.00 0.00 X 799303 0 42774 KEVIN TWEDDLE SEVP COMMUNITY BANK SOLUTIONS 25.00 20.00 X 531226 0 41574 PRABHASH SHRESTHA GEVP CHIEF DIGITAL STRATEGY OFFICER 40.00 5.00 X 385384 0 44424 LINDSAY LANORE CHIEF LEARNING & EXPERIENCE OFFICER 45.00 0.00 X 342015 0 42574 ROBERT BIRGFELD EVP CHIEF MARKETING OFFICER 45.00 0.00 X 316169 0 40374 VALERIE UTSEY EVP CHIEF PEOPLE OFFICER 45.00 0.00 X 314419 0 42374 ANNE BALCER SEVP CHIEF GOV RELAT & PUBLIC POLICY 45.00 0.00 X 270931 0 13167 PAUL MERSKI GEVP CONGRESSIONAL RELATIONS 40.00 0.00 X 406446 0 43674 CHARLES POTTS EVP CHIEF INNOVATION OFFICER 40.00 0.00 X 296233 0 39774 AARON STETTER EVP ADVOCACY & STRATEGIC ENGAGEMENT 40.00 0.00 X 287375 0 39342 LILLIANE THOMAS EVP REGULATORY POLICY 40.00 0.00 X 276576 0 38784 CHRISTOPHER COLE EVP SENIOR REGULATORY COUNSEL 40.00 0.00 X 277872 0 25555 CAMDEN FINE FORMER PRESIDENT/CEO THRU MAY 2018 0.00 0.00 X 131649 0 0 7848942 5373 581962 74 1 1 0 TR RUPLI & ASSOCIATES 6627 HOLLAND STREET MCLEAN VA 22102 GOVERNMENT RELATIONS CONSULTING 630000 MOTIVACTION LLC 16355 36TH AVE N SUITE 100 MINNEAPOLIS MN 55446 CONVENTION CONSULTING 589593 TURNBERRY ISLE RESORT 19999 WEST COUNTRY CLUB DRIVE AVENTURA FL 33180 HOTEL/EVENT SPACE 505999 SPURRIER GROUP 101 S 15TH STREET SUITE 106 RICHMOND VA 23219 RESEARCH, STRATEGY, MEDIA SERVICES 458656 VUBIZ INC 2872 COLORADO AVE SANTA MONICA CA 90404 ONLINE EDUCATION ASSISTANCE 411276 21 MEMBERSHIP DUES 900099 20452626 20452626 CONVENTIONS/SEMINARS 900099 10070799 10067679 3120 ADVERTISING 541800 1123362 1123362 31646787 3827367 -177572 4004939 10627927 646054 9981873 9420000 46386 9691191 24473 -271191 21913 -249278 -249278 ISN SERVICE CONTRACT 900099 375296 375296 375296 46228099 30520305 1970260 13737534 506205 6567623 131649 13234070 823129 2755013 1324472 267684 288700 2463646 3169952 2038931 912120 4873488 410887 207321 OTHER EXPENSES 879092 TAXES 480456 SUBSCRIPTIONS 371376 41705814 5750226 4946901 40806372 15030718 2745890 6619225 10346488 11176488 6384 0 3117421 3193630 11217175 10356009 969652 861166 123919225 126279000 101505409 107142847 847007 4476402 290014074 279726377 3844821 2740533 19405272 20913751 847007 810618 127899 5539396 24224999 30004298 X 265789075 249722079 265789075 249722079 290014074 279726377 X 4522285 -27125019 6535738 X 0 1 X 1 0 0 0 1 19468648 4998417 -1391271 3607146 5509627 -1902481 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 26100 26100 686111 685223 888 4222697 3748098 474599 6282267 5922688 359579 861166 7564404 C SUBSIDIARY INVESTMENTS 99578443 F 107142847 LEASE LIABILITY 4896041 INTERCOMPANY PAYABLE 643355 5539396 X 18814380 -27125019 -27125019 45939399 288700 288700 46228099 40762938 0 40762938 288700 654176 942876 41705814 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 XII, LINE 4B - OTHER ADJUSTMENTS: ICBA VENTURES, LLC EXPENSES 654,176. 1 DEAN COOPERATIVE BANK PO BOX 307 FRANKLIN MA 02038 041237280 N/A 40000 0 N/A N/A TO SUPPORT AN ORGANIZATION WHOSE PURPOSE IS TO SUPPORT COMMUNITY BANKS IN THE NORTHEAST STATES. NATIONAL TAXPAYERS UNION 25 MASSACHUSETTS AVE NW SUITE 140 WASHINGTON DC 20001 521009116 501(C)(4) 35000 0 N/A N/A THIS ORGANIZATION WORKS TO ACHIEVE FAVORABLE TAX POLICY OUTCOMES ON CAPITOL HILL WHICH FURTHERS THE MISSION OF ICBA AND ITS SUPPORT OF COMMUNITY BANKS. INDEPENDENT BANKERS ASSOCIATION OF TEXAS 1700 RIO GRANDE ST STE 100 AUSTIN TX 78701 751459906 501(C)(6) 26300 0 N/A N/A TO SUPPORT AN ASSOCIATION WHOSE PURPOSE IS TO SUPPORT COMMUNITY BANKS IN TEXAS. FLORIDA BANKERS EDUCATIONAL FOUNDATION 1001 THOMASVILLE ROAD SUITE 201 TALLAHASSEE FL 32302 596139568 501(C)(3) 25000 0 N/A N/A CHARITABLE DONATION TO SUPPORT COMMUNITY BANKERS AFFECTED BY HURRICANE IAN. ARKANSAS VENTURE CENTER 417 MAIN ST LITTLE ROCK AR 72201 464108871 501(C)(3) 16595 0 N/A N/A THIS ORGANIZATION SUPPORTS BUSINESSES THAT DEVELOP PRODUCTS AND TECHNOLOGIES THAT FURTHER THE MISSION OF ICBA AND ITS SUPPORT OF COMMUNITY BANKS. ALABAMA BANKERS ASSOCIATION 445 DEXTER AVE SUITE 10025 MONTGOMERY AL 36104 630788044 501(C)(6) 12500 0 N/A N/A TO SUPPORT AN ASSOCIATION WHOSE PURPOSE IS TO SUPPORT COMMUNITY BANKS IN ALABAMA. TECHNOLOGY ASSOCIATION OF GEORGIA INC 4400 N POINT PKWY STE 155 ALPHARETTA GA 30022 582421006 501(C)(6) 6375 0 N/A N/A THIS ORGANIZATION SUPPORTS BUSINESSES THAT DEVELOP PRODUCTS AND TECHNOLOGIES THAT FURTHER THE MISSION OF ICBA AND ITS SUPPORT OF COMMUNITY BANKS. REVTECH LABS 222 S CHURCH ST STE 100 CHARLOTTE NC 28202 465358307 N/A 6000 0 N/A N/A THIS ORGANIZATION SUPPORTS BUSINESSES THAT DEVELOP PRODUCTS AND TECHNOLOGIES THAT FURTHER THE MISSION OF ICBA AND ITS SUPPORT OF COMMUNITY BANKS. 2 6 PART I, LINE 2: ICBA DOES NOT MONITOR THE USE OF THE ASSISTANCE (CHARITABLE CONTRIBUTION). X X X X 1 1 X X X X X X 0 0 0 REBECA ROMERO RAINEY PRESIDENT/CEO 1500000 0 0 0 22890 0 18300 0 23274 0 1564464 0 0 0 TERRY JORDE SEVP/CHIEF OF STAFF 762150 0 80325 0 188383 0 18300 0 26124 0 1075282 0 0 0 KAREN THOMAS SEVP GOV. RELATIONS & PUBLIC POLICY 747256 0 47250 0 4797 0 18300 0 24474 0 842077 0 0 0 KEVIN TWEDDLE SEVP COMMUNITY BANK SOLUTIONS 465000 0 48825 0 17401 0 18300 0 23274 0 572800 0 0 0 ALEX GALEANO SEVP/CHIEF FINANCE AND ADMIN OFFICER 415000 0 43575 0 7755 0 18300 0 23274 0 507904 0 0 0 PAUL MERSKI GEVP CONGRESSIONAL RELATIONS 379900 0 24066 0 2480 0 18300 0 25374 0 450120 0 0 0 PRABHASH SHRESTHA GEVP CHIEF DIGITAL STRATEGY OFFICER 347150 0 36750 0 1484 0 18300 0 26124 0 429808 0 0 0 LINDSAY LANORE CHIEF LEARNING & EXPERIENCE OFFICER 304000 0 32025 0 5990 0 18300 0 24274 0 384589 0 0 0 VALERIE UTSEY EVP CHIEF PEOPLE OFFICER 283000 0 29925 0 1494 0 17100 0 25274 0 356793 0 0 0 ROBERT BIRGFELD EVP CHIEF MARKETING OFFICER 285000 0 29925 0 1244 0 17100 0 23274 0 356543 0 0 0 CHARLES POTTS EVP CHIEF INNOVATION OFFICER 275000 0 17325 0 3908 0 16500 0 23274 0 336007 0 0 0 AARON STETTER EVP ADVOCACY & STRATEGIC ENGAGEMENT 267800 0 16871 0 2704 0 16068 0 23274 0 326717 0 0 0 LILLIANE THOMAS EVP REGULATORY POLICY 258500 0 16286 0 1790 0 15510 0 23274 0 315360 0 0 0 CHRISTOPHER COLE EVP SENIOR REGULATORY COUNSEL 253000 0 16002 0 8870 0 15240 0 10315 0 303427 0 0 0 ANNE BALCER SEVP CHIEF GOV RELAT & PUBLIC POLICY 238782 0 26250 0 5899 0 2500 0 10667 0 284098 0 0 0 CAMDEN FINE FORMER PRESIDENT/CEO THRU MAY 2018 0 0 0 0 131649 0 0 0 0 0 131649 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. 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. 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 TERRY JORDE SR. EVP, CHIEF OF STAFF 2017 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE SR. EVP, CHIEF OF STAFF 2018 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE SR. EVP, CHIEF OF STAFF 2019 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE SR. EVP, CHIEF OF STAFF 2020 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 PATRICIA HOPKINS FORMER SR. EVP/ CFO 2015 SPLIT DOLLAR INSURANCE PREMIUM X 1821190 1821190 0 1 1 CAMDEN FINE FORMER PRESIDENT AND CEO 2012 SPLIT DOLLAR INSURANCE PREMIUM X 1860000 1860000 0 1 1 TERRY JORDE SR. EVP, CHIEF OF STAFF 2021 SPLIT DOLLAR INSURANCE PREMIUM X 830000 830000 0 1 1 TERRY JORDE 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 ICBA'S MANAGEMENT, WHICH INCLUDES CERTIFIED PUBLIC ACCOUNTANTS, PREPARED THE RETURN AND THEN CONDUCTED SEVERAL INTERNAL REVIEWS OF THE COMPLETED FORM 990 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 2022. THE EXECUTIVE COMMITTEE APPROVES COMPENSATION RECOMMENDATIONS FOR ALL OFFICERS AND KEY EMPLOYEES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS 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 6,829,376. OTHER CHANGES IN NET ASSETS -293,638. ICBA VENTURES LLC 518 LINCOLN ROAD SAUK CENTRE MN 56378 934129020 OPPORTUNITY FUND INVESTMENTS DE 0 16960 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 4214451 93709626 1.00000 1 ICBA SECURITIES CORPORATION 775 RIDGE LAKE BLVD SUITE 175 MEMPHIS TN 38120 061253210 SECURITIES BROKER DE ICBA SERVICES NETWORK INC C 1784068 1284266 1.00000 1 ICBA BANCARD INC 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 521439424 SERVICES DE ICBA SERVICES NETWORK INC C 70515165 158361262 1.00000 1 TCM BANK NA 3501 E FRONTAGE RD STE 200 TAMPA FL 33607 593476606 BANKING FL ICBA BANCARD INC C 61741527 332208026 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 635 102798576 1.00000 1 USI ALLIANCE INC 5100 POPULAR AVE 711 MEMPHIS TN 38137 621632904 SERVICES TN ICBA CONSOLIDATED HOLDINGS INC C 2998688 5653811 1.00000 1 SENIOR HOUSING CRIME PREVENTION INVESTMENT 5100 POPULAR AVE 711 MEMPHIS TN 38137 621838616 SERVICES TN ICBA CONSOLIDATED HOLDINGS INC C 3879757 4151077 1.00000 1 ICBA REINSURANCE COMPANY LTD 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 980196531 SERVICES AZ ICBA SERVICES NETWORK INC C 2728492 7707343 1.00000 1 ICBA WELLSERVE 1615 L STREET NW SUITE 900 WASHINGTON DC 20036 882382288 MANAGEMENT SERVICES DE ICBA SERVICES NETWORK INC C 5518418 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 ICBA SERVICES NETWORK INC Q 5227005 ACTUAL AMOUNT INCURRED ICBA SERVICES NETWORK INC N 797847 ACTUAL AMOUNT INCURRED ICBA SERVICES NETWORK INC O 3476589 ACTUAL AMOUNT INCURRED ICBA BANCARD INC Q 6153332 ACTUAL AMOUNT INCURRED ICBA BANCARD INC A 2419312 ACTUAL AMOUNT INCURRED ICBA BANCARD INC N 120864 ACTUAL AMOUNT INCURRED ICBA BANCARD INC J 370035 ACTUAL AMOUNT INCURRED ICBA SECURITIES CORPORATION Q 491968 ACTUAL AMOUNT INCURRED ICBA SECURITIES CORPORATION A 111141 ACTUAL AMOUNT INCURRED ICBA REINSURANCE COMPANY LTD Q 63337 ACTUAL AMOUNT INCURRED USI ALLIANCE INC Q 1590696 ACTUAL AMOUNT INCURRED TCM BANK NA Q 16117293 ACTUAL AMOUNT INCURRED TCM BANK NA A 2615573 ACTUAL AMOUNT INCURRED