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Filing year 2024

INDEPENDENT COMMUNITY BANKERS OF AMERICA

Sauk Centre, Minnesota·EIN 41-0327400·501(c)(6)
Total revenue
$49.1M
Total assets
$305M
Total expenses
$48.6M
Reported officers
37
Mission

CREATE AND PROMOTE AN ENVIRONMENT WHERE COMMUNITY BANKS FLOURISH.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 32 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$2.3M
$2.5M
Base
$1.8M
Bonus
$473k
Other
$14k
Benefits
$30k
Sevp Chief Government Relations & Public Policy
Key Employee
Above 90th percentile
$676k
$727k
Base
$528k
Bonus
$95k
Other
$9k
Benefits
$24k
Sevp Chief Finance and Administrative Officer
Officer (Unspecified)
$651k
$700k
Base
$464k
Bonus
$133k
Other
$5k
Benefits
$27k
Sevp Innovation
Key Employee
Above 90th percentile
$628k
$675k
Base
$488k
Bonus
$80k
Other
$9k
Benefits
$30k
EVP Congressional Relations
Executive Vice President
75th to 90th percentile
$496k
$533k
Base
$400k
Bonus
$43k
Other
$6k
Benefits
$26k
Sevp Chief Learning & Experience Officer
Key Employee
Above 90th percentile
$452k
$486k
Base
$339k
Bonus
$56k
Other
$3k
Benefits
$33k
EVP Chief Digital Strategy Officer
Above 90th percentile
$428k
$460k
Base
$330k
Bonus
$60k
Other
$895
Benefits
$24k
EVP Chief People Officer
Above 90th percentile
$422k
$454k
Base
$311k
Bonus
$56k
Other
$3k
Benefits
$31k
EVP Regulatory Relations
Executive Vice President
75th to 90th percentile
$409k
$440k
Base
$320k
Bonus
$35k
Other
$3k
Benefits
$30k
EVP Chief Marketing Officer
Above 90th percentile
$406k
$437k
Base
$295k
Bonus
$54k
Other
$3k
Benefits
$33k
EVP Innovation
Executive Vice President
75th to 90th percentile
$368k
$396k
Base
$287k
Bonus
$28k
Other
$4k
Benefits
$30k
EVP Senior Regulatory Counsel
Executive Vice President
75th to 90th percentile
$348k
$374k
Base
$266k
Bonus
$26k
Other
$10k
Benefits
$14k
EVP Member Relations
Executive Vice President
75th to 90th percentile
$331k
$356k
Base
$211k
Bonus
$83k
Other
$6k
Benefits
$13k
Former President/ceo
Former Officer/director/trustee
Median to 75th percentile
$132k
$142k
Base
Bonus
Other
$132k
Benefits
Former Sevp Chief of Staff
Former Officer/director/trustee
Median to 75th percentile
$128k
$138k
Base
Bonus
Other
$128k
Benefits
Chairman Elect
Board Chair
Median to 75th percentile
$29k
$31k
Chairman
Board Chair
Median to 75th percentile
$27k
$29k
Past Chairman
Board Chair
25th percentile to median
$24k
$26k
Immediate Past Chairman
Board Chair
25th percentile to median
$20k
$22k
Vice Chairman
Board Vice Chair
Median to 75th percentile
$16k
$17k
Past Chairman
Board Chair
25th percentile to median
$13k
$14k
Past Chairman
Board Chair
25th percentile to median
$12k
$13k
Director
Board Member
25th percentile to median
$5k
$6k
Director
Board Member
25th percentile to median
$5k
$6k
Secretary
Officer (Unspecified)
$5k
$5k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director Until March 2024
Board Member
10th to 25th percentile
$4k
$4k
Treasurer
Officer (Unspecified)
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$3k
$3k
Director Until March 2024
Board Member
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Up 18%
from 2023

From $2M in 2023 to $2.3M in 2024.

$2M
2023
$2.3M
2024
In today's dollarsEst.
Up 15% in real terms$2.2M to $2.5M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 18% from 2023 to 2024, while revenue rose 9%.

$2M in 2023 to $2.3M in 2024.
  • Key Employee pay rose 16% from 2023 to 2024.
  • Executive Vice President pay fell 4% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INDEPENDENT COMMUNITY BANKERS OF AMERICA reported revenue and expenses across 2 filing years.

RevenueExpenses
$44.9M
$52.1M
2023
$49.1M
$48.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about INDEPENDENT COMMUNITY BANKERS OF AMERICA

What does the Chief Executive Officer of INDEPENDENT COMMUNITY BANKERS OF AMERICA earn?

In 2024, the Chief Executive Officer of INDEPENDENT COMMUNITY BANKERS OF AMERICA received $2,335,660 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INDEPENDENT COMMUNITY BANKERS OF AMERICA compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at INDEPENDENT COMMUNITY BANKERS OF AMERICA falls in the top 10%.

What are INDEPENDENT COMMUNITY BANKERS OF AMERICA's revenue and expenses?

In 2024, INDEPENDENT COMMUNITY BANKERS OF AMERICA reported $49.1M in total revenue and $48.6M in total expenses on its IRS Form 990.

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