2024-11-15T21:24:18-05:00 2023-12-31 742516372 REYNOLDS & FRANKE PC 6850 AUSTIN CENTER BLVD STE 100 AUSTIN TX 787313184 990 2023-01-01 742932297 MAIN STREET FOUNDATION MAIN 5124746889 6500 RIVER PLACE BLVD BLD 4 STE 101 AUSTIN TX 78730 CHRISTOPHER WILLISTON VI PRESIDENT 5124746889 2024-11-15 true true RONALD H REYNOLDS CPA P00964479 5122063141 2024-11-15 2023 2024-10-15 13:58:12Z EXTENDED TO NOVEMBER 15 2024 X IBAT EDUCATION FOUNDATION CHRISTOPHER WILLISTON VI 6500 RIVER PLACE BLVD BLD 4 STE 101 AUSTIN TX 78730 996948 false X WWW.IBAT.ORG/FOUNDATION X 1999 TX PROMOTE DEVELOPMENT OF COMMUNITY BANKERS AND TEACH FINANCIAL LITERACY. 8 6 0 35 0 232447 350152 575782 639627 0 8335 7169 816564 996948 14944 17993 0 407051 403015 0 15369 578435 698693 1000430 1119701 -183866 -122753 633352 615322 509961 614684 123391 638 FUNDS INITIATIVES WITH THE POWER TO HELP COMMUNITY BANKERS ACTIVELY CREATE A MORE SECURE FINANCIAL FUTURE FOR ALL TEXANS. FOCUS IS DIRECTED TOWARD FINANCIAL LITERACY PROGRAMS FOR BANKERS. false false 849873 587927 COMMUNITY BANK EDUCATION INCLUDES A BLEND OF PRACTICAL ONE-FIVE DAY INSTRUCTOR-LED/ONLINE SEMINARS AND BANKING SCHOOLS THAT FOCUS ON RULES AND REGULATIONS THAT GOVERN LENDING, INVESTMENT AND OPERATIONAL PRACTICES IN COMMUNITY BANKS. 17993 17993 SCHOLARSHIP PROGRAM FOR EMPLOYEES OF ANY MEMBER BANK TO ATTEND A SPECIFIC BANKING SCHOOL. 867866 true true false false false false false false false false false false false false false true false true false false false false false false false false false false true true false false false false false false false false false false false false false true false false false true 7 0 true 0 false false false false false false false false false false false false X 8 6 true false false false false false false true true false false true true true true true true false false false X URSULA JIMENEZ 5124746889 6500 RIVER PLACE BLVD BLD 4 STE 101 AUSTIN TX 78730 SHAY IACOPONELLI PRESIDENT (0 27.00 13.00 X X 65788 30208 15746 CHRISTOPHER WILLISTON VI PRESIDENT (0 2.00 38.00 X X 20611 327317 47792 URSULA JIMENEZ SECRETARY/TR 1.00 39.00 X X 7728 190268 37756 HAZEM AHMED CHAIR (01-09 1.00 X X 0 0 0 KEVIN MONK CHAIR (10-12 1.00 X X 0 0 0 KEVIN MONK DIRECTOR (01 1.00 X 0 0 0 JONATHAN GALEANO DIRECTOR 1.00 X 0 0 0 BRIAN MAREK DIRECTOR (01 1.00 X 0 0 0 CHARLES M NEFF DIRECTOR 1.00 X 0 0 0 GLEN THURMAN DIRECTOR (01 1.00 X 0 0 0 BRAD WOMACK DIRECTOR 1.00 X 0 0 0 BRIAN BOWERS DIRECTOR (DE 1.00 X 0 0 0 BREANNE GRANBERG DIRECTOR (DE 1.00 X 0 0 0 94127 547793 101294 false true false MARGARITAVILLE LAKE RESORT 600 MARGARITAVILLE PKWY MONTGOMERY TX 77356 CONVENTION 178623 FIRST IN LAST OUT PRODUCTIONS PO BOX 1597 DRIPPING SPRINGS TX 78620 CONVENTION 110952 2 350152 350152 SEMINAR 900099 639627 587927 51700 639627 7169 7169 996948 587927 58869 17993 17993 106530 84303 11981 10246 296485 82722 211701 2062 5813 5813 15634 13443 2191 710 710 46521 42510 950 3061 6010 5656 354 23066 22873 193 600939 597656 3283 1119701 867866 236466 15369 X 128837 96519 430073 423073 36192 8975 38250 85255 1500 633352 615322 459186 578254 50775 36430 509961 614684 X 102083 -20670 21308 21308 123391 638 633352 615322 -122753 X false true X true false X 308034 134073 148656 232447 350152 1173362 563319 164024 342175 575782 587927 2233227 75205 4405 51700 131310 946558 302502 490831 808229 989779 3537899 38169 57385 67947 89693 197396 450590 1997 1310 10802 14109 40166 57385 67947 91003 208198 464699 3073200 13855 14877 20815 8040 7169 64756 13855 14877 20815 8040 7169 64756 295 295 960413 317379 511646 816564 996948 3602950 0.85300 0.87690 0.02000 0.02000 X PART III, LINE 12 OTHER INCOME 295 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X SCHEDULE D, PAGE 3, PART X THE MOST SIGNIFICANT TAX POSITIONS OF THE FOUNDATION ARE ITS ASSERTIONS THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THE INTERNAL REVENUE SERVICE (IRS) CONSIDERS THIS "BUSINESS INCOME" UNRELATED TO THE FOUNDATION'S TAX EXEMPT STATUS. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEAR DECEMBER 31, 2023 AND 2022. ALL SIGNIFICANT TAX POSITION HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. true BUILDING BETTER BANKERS 9 17993 SCHEDULE I, PAGE 1, PART I, LINE 2 THE MAIN STREET FOUNDATION BOARD OF DIRECTORS DETERMINES SCHOLARSHIP DISTRIBUTION TO ANY EMPLOYEE OF A TEXAS-BASED COMMUNITY BANK WHO APPLIES AND REMAIN AN EMPLOYEE OF A COMMUNITY BANK FOR THE SECOND AND THIRD YEAR OF THE PROGRAM TO RECEIVE THE REMAINING SCHOLARSHIP. THE FUNDS ARE PAID DIRECTLY TO SOUTHWESTERN GRADUATE SCHOOL OF BANKING AT SOUTHERN METHODIST UNIVERSITY. IF THE RECIPIENT'S EMPLOYER (THE COMMUNITY BANK) ALREADY PAID FOR TUITION FOR THE FIRST YEAR, THE FOUNDATION WILL REIMBURSE THE COMMUNITY BANK DIRECTLY FOR THE 50% TUITION OF YEAR ONE. FOR THE SECOND AND THIRD YEAR, SWGSB INVOICES THE FOUNDATION DIRECTLY FOR THE 50% SCHOLARSHIP TUITIONS. false false false false false false false false false CHRISTOPHER WILLISTON VI PRESIDENT (08-12/23) 20611 260117 59500 7700 10025 1601 36166 22212 373508 URSULA JIMENEZ SECRETARY/TREASURER 7728 161334 18951 9983 639 37117 8367 227385 FORM 990, PART VI SECTION A, LINE 2: SHAY IACOPONELLI, URSULA JIMENEZ, AND CHRISTOPHER WILLISTON - BUSINESS RELATIONSHIP (EMPLOYEES OF IBAT) SECTION B, LINE 15A: THE CURRENT PRESIDENT OF MAIN STREET FOUNDATION (MSF) IS A SHARED EMPLOYEE WITH THE INDEPENDENT BANKERS ASSOCIATION OF TEXAS (IBAT). COMPENSATION FOR KEY EMPLOYEES AND OFFICERS IS REVIEWED BY THE BUDGET, AUDIT AND COMPENSATION COMMITTEE OF IBAT. THE IBAT ORGANIZATION PARTICIPATES IN AN ASSOCIATION SALARY SURVEY THAT COMPARES POSITION TO THE RESPECTIVE SALARY. FORM 990, PAGE 6, PART VI, LINE 11B AN AD HOC COMMITTEE OF THE BOARD OF DIRECTORS WILL CONDUCT A FORMAL REVIEW OF THE TAX RETURN WITH THE CPA WHO PREPARED THE RETURN. A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD MEMBERS BEFORE FILING THE TAX RETURN. FORM 990, PAGE 6, PART VI, LINE 12C EACH BOARD MEMBER IS REQUIRED TO COMPLETE, SIGN AND RETURN A DISCLOSURE POLICY AT THE BEGINNING OF EVERY YEAR. PERIODIC REMINDERS OCCUR AT BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 19 UPON WRITTEN OR ORAL REQUEST, COPIES WILL BE PROVIDED IN A TIMELY MANNER AND A RESONABLE CHARGE MAY BE MADE. ANY OTHER REQUESTS FOR FOUNDATION RECORDS SHOULD BE IN WRITING AND REFERRED TO THE PRESIDENT. FORM 990, PART X MAIN STREET FOUNDATION HAS SHARED EMPLOYEES WITH INDEPENDENT BANKERS ASSOCIATION OF TEXAS. TOTAL COMPENSATION TO EMPLOYEES IS REPORTED ON INDEPENDENT BANKERS ASSOCIATION OF TEXAS' W-2S. LINES 5 & 7 REPRESENT ALLOCATED PAYROLL COSTS TO MAIN STREET FOUNDATION. IBAT 6500 RIVER PLACE BLVD BLD 4 STE 101 AUSTIN TX 78730 751459906 MEMBERSHIP TX 501C6 N/A false false false false false false false false false false false false false false true true true false false false IBAT P 1668 ACTUAL CASH IBAT N 6010 ACTUAL CASH IBAT O 403013 ACTUAL CASH