Independent Community Bankers of Minnesota
Public records raise at least one point you should look into before giving.
What it says it does
To provide members with the resources and advocacy they need to remain independent, effectively compete in the financial industry, grow their banks, and positively impact the economy in their local communities.
- Income
- $1.8 million
- Spending
- $1.8 million
- Employees
- 13
- Volunteers
- 50
- Highest pay
- $163,766, executive vp cbfs
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- Convention - The convention provides educational and networking opportunities for members and serves as the organization's annual membership meeting. The convention was held in 2025 and is scheduled to be held again in 2026.
- Advocacy - ICBM is the only banking association in the state that provides exclusive statelevel representation for Minnesota's independent community banks. Through its government relations department, ICBM closely monitors state and federal legislation impacting independent community bankers. The organization takes an active role in advocacy and lobbying efforts at both the state and national levels. In addition, ICBM facilitates direct engagement between members and legislators through meetings and events, including ICBM's annual Day at the Capitol.
- Education ICBM delivers education to members through a variety of formats, including inperson, virtual, instructorled, and selfpaced online programs. ICBM served more than 4,000 bankers through over 150 educational offerings.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1963.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.