Illinois Bankers Education Services Inc.

“The organization has a service agreement with its sole member and parent, the Illinois Bankers Association, to provide for its day-to-day operational functions. The parent performs these services and charges the organization the costs incurred for those services as a management fee that is reflected in Schedule R.”

“The organization has one sole member, which is the Illinois Bankers Association, its parent organization.”

“The 990 is prepared utilizing an outside paid tax consultant with the assistance of the internal staff.Once the completed return is received it is sent via electronic format to the executive committee for review. The other board members are notified via e-mail that a copy of the return is available for their review if they so desire. The final return is subsequently signed by the president and forwarded to the internal revenue service.”

“The organization has a service agreement with its parent company, its sole member, which monitors these policies.”

“All documents are maintained in the organization's main office in Springfield, Illinois. Documents that, by law, are required to be available for public inspection are available there during normal business hours. Documents such as the board policies and audited financial statements are proprietary to the organization's member and are not made available to the public.”

“No documents available to the public.”

“OTHER PROGRAM SERVICES 4: Various Other Conferences and Small Programs”

“Due to the Coronavirus IBES and their accoutant's office were both forced to shut down and run with very limited staffs, which caused the unfortunate mistake of extensions regretably not getting filed. We kindly ask you waive all penalties and late fees as IBES has not filed late returns in prior years and the current pandemic has caused a great strain on the organization.”