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Iowa Bankers Benefit Plan

  • Johnston, IA
  • Tax-exempt since April 1979
  • EIN: 42-1122086

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$171M (2022)

Expenses
$145M (2022)

Total Assets
$80.6M (2022)

Total Liabilities
$25.7M (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$171,317,668
Expenses
$145,291,275
Net Income
$26,026,393
Net Assets
$54,856,003
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $170,101,782
99.3%
Investment Income $1,220,524
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$4,638
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $80,558,458
Total Liabilities $25,702,455
Net Assets $54,856,003
Compensation
Key Employees and Officers Compensation Related Other
Alex Oponski (Chairman) $0 $0 $0
David Coulter (Trustee) $0 $0 $0
Gregory Turner End 0922 (Trustee) $0 $0 $0
James Kennedy Jr (Trustee) $0 $0 $0
Joshua Guttau (Trustee) $0 $0 $0
Marques Doppler (Trustee) $0 $0 $0
Michael Underwood Start 0322 (Trustee) $0 $0 $0
Paul Waltz Start 0622 (Trustee) $0 $0 $0
Sean Noonan (Trustee) $0 $0 $0
Chad Ellsworth (Chief Admin Officer (Ibis)) $0 $355,794 $85,584
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Document Links

990
Filed on Oct. 26, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$182,717,522
Expenses
$171,272,456
Net Income
$11,445,066
Net Assets
$32,849,183
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $173,069,250
94.7%
Investment Income $578,397
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $654,653
0.4%
Net Inventory Sales $0
Other Revenue $8,415,222
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $64,300,979
Total Liabilities $31,451,796
Net Assets $32,849,183
Compensation
Key Employees and Officers Compensation Related Other
Alex J Oponski (Chairman) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
James R Kennedy Jr (Trustee) $0 $0 $0
Marques Doppler (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Sean J Noonan (Trustee) $0 $0 $0
Gregory W Turner (Trustee) $0 $0 $0
Chad J Ellsworth (Chief Admin Officer (Ibis)) $0 $334,374 $76,000
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Document Links

990
Filed on Oct. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$171,010,096
Expenses
$159,428,708
Net Income
$11,581,388
Net Assets
$20,650,490
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $163,897,307
95.8%
Investment Income $562,950
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $87,726
0.1%
Net Inventory Sales $0
Other Revenue $6,462,113
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $49,027,851
Total Liabilities $28,377,361
Net Assets $20,650,490
Compensation
Key Employees and Officers Compensation Related Other
Alex J Oponski (Chairman) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
James R Kennedy Jr (Trustee) $0 $0 $0
Marques Doppler (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Sean J Noonan (Trustee) $0 $0 $0
Gregory W Turner (Trustee) $0 $0 $0
Chad J Ellsworth (Chief Admin Officer (Ibis)) $0 $324,661 $59,986
+ View more people

Document Links

990
Filed on Nov. 5, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,748,994
Expenses
$167,336,342
Net Income
-$587,348
Net Assets
$7,955,956
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $158,911,331
95.3%
Investment Income $855,922
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $93,729
0.1%
Net Inventory Sales $0
Other Revenue $6,888,012
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,225,108
Total Liabilities $31,269,152
Net Assets $7,955,956
Compensation
Key Employees and Officers Compensation Related Other
Alex J Oponski (Chairman) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
James R Kennedy Jr (Trustee) $0 $0 $0
Marques Doppler Start 619 (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Sean J Noonan (Trustee) $0 $0 $0
Gregory W Turner (Trustee) $0 $0 $0
Joel Johnson End 619 (Trustee) $0 $0 $0
Chad J Ellsworth (Chief Admin Officer (Ibis)) $0 $313,239 $46,494
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Document Links

990
Filed on Sept. 8, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$163,455,889
Expenses
$162,264,737
Net Income
$1,191,152
Net Assets
$6,750,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $159,231,198
97.4%
Investment Income $657,808
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$83,956
Net Inventory Sales $0
Other Revenue $3,650,839
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $36,087,510
Total Liabilities $29,337,028
Net Assets $6,750,482
Compensation
Key Employees and Officers Compensation Related Other
Alex J Oponski (Chairman) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
Jim Kennedy Jr (Trustee) $0 $0 $0
Joel Johnson (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Sean Noonan (Trustee) $0 $0 $0
Gregory W Turner (Trustee) $0 $0 $0
Chad J Ellsworth (Chief Admin Officer) $0 $302,248 $31,001
+ View more people

Document Links

990
Filed on Nov. 13, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$156,178,353
Expenses
$156,387,766
Net Income
-$209,413
Net Assets
$6,275,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $152,103,618
97.4%
Investment Income $214,977
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,859,758
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $57,780,726
Total Liabilities $51,504,912
Net Assets $6,275,814
Compensation
Key Employees and Officers Compensation Related Other
Dale C Bowers End 617 (Chairman) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
Jim Kennedy Jr Start 617 (Trustee) $0 $0 $0
Joel Johnson Start 617 (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Sean Noonan Start 1117 (Trustee) $0 $0 $0
Alex J Oponski (Trustee) $0 $0 $0
Gregory W Turner (Trustee) $0 $0 $0
Merritt D Krause Cpcu Cic (Chief Admin Officer (End 1/2017)) $0 $31,343 $57,798
Chad J Ellsworth (Chief Admin Officer) $0 $264,916 $27,409
+ View more people

Document Links

990
Filed on Nov. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$142,693,395
Expenses
$146,586,872
Net Income
-$3,893,477
Net Assets
$6,485,227
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $140,687,312
98.6%
Investment Income $226,716
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,779,367
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $26,477,854
Total Liabilities $19,992,627
Net Assets $6,485,227
Compensation
Key Employees and Officers Compensation Related Other
Alex J Oponski (Chairman) $0 $0 $0
Dale C Bowers (Trustee) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Gregory W Turner (Trustee) $0 $0 $0
Merritt D Krause Cpcu Cic (Chief Admin Officer) $0 $282,934 $57,278
John K Sorensen (Ceo Of Iba) $0 $388,703 $59,408
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990
Filed on Oct. 16, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$126,094,029
Expenses
$131,629,447
Net Income
-$5,535,418
Net Assets
$10,378,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $125,241,861
99.3%
Investment Income $205,493
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $646,675
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $26,776,441
Total Liabilities $16,397,737
Net Assets $10,378,704
Compensation
Key Employees and Officers Compensation Related Other
Gregory W Turner (Trustee) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Thomas J Larsen (Trustee) $0 $0 $0
Dale C Bowers (Trustee) $0 $0 $0
Alex J Oponski (Chairman) $0 $0 $0
Merritt D Krause Cpcu Cic (Chief Administrative Offic) $0 $284,277 $36,667
John K Sorensen (President And Ceo Of Iba) $0 $383,721 $261,215
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Document Links

990
Filed on Aug. 23, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$115,734,626
Expenses
$116,441,063
Net Income
-$706,437
Net Assets
$15,914,122
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $114,960,172
99.3%
Investment Income $225,573
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $548,881
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,358,874
Total Liabilities $14,444,752
Net Assets $15,914,122
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gregory W Turner (Trustee) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Thomas J Larson (Trustee) $0 $0 $0
Keith W Lazar (Trustee) $0 $0 $0
Alex J Oponski (Trustee) $0 $0 $0
James R Brown (Trustee) $0 $0 $0
Merritt D Krause Cpcu Cic (Chief Administrative Officer) $0 $257,944 $19,215
John K Sorensen (President And Ceo Of Iba) $0 $350,952 $20,036
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Document Links

990
Filed on Oct. 5, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$119,368,655
Expenses
$114,319,384
Net Income
$5,049,271
Net Assets
$16,620,559
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $118,570,147
99.3%
Investment Income $266,951
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $531,557
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,600,162
Total Liabilities $12,979,603
Net Assets $16,620,559
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James R Brown (Trustee) $0 $0 $0
David A Coulter (Trustee) $0 $0 $0
Joshua M Guttau (Trustee) $0 $0 $0
Gary S Kahn (Trustee) $0 $0 $0
Thomas J Larson (Trustee) $0 $0 $0
Keith W Lazar (Trustee) $0 $0 $0
Alex J Oponski (Trustee) $0 $0 $0
Martha Lagomarcino Gleason (Trustee) $0 $0 $0
Merritt D Krause Cpcu Cic (Chief Administrative Officer) $0 $248,729 $18,339
John K Sorensen (President And Ceo Of Iba) $0 $336,556 $18,970
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Document Links

990
Filed on Aug. 11, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,710,421
Expenses
$114,855,148
Net Income
-$5,144,727
Net Assets
$11,571,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $108,813,270
99.2%
Investment Income $301,456
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $595,695
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,902,945
Total Liabilities $14,331,657
Net Assets $11,571,288

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$106,062,612
Expenses
$100,277,779
Net Income
$5,784,833
Net Assets
$16,716,015
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $104,860,041
98.9%
Investment Income $294,134
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $908,437
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $28,555,403
Total Liabilities $11,839,388
Net Assets $16,716,015

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,665,507
Expenses
$99,205,296
Net Income
$1,460,211
Net Assets
$10,931,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $99,391,508
98.7%
Investment Income $301,737
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $972,262
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,701,857
Total Liabilities $10,770,675
Net Assets $10,931,182

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated