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Also known as: Foundation Inc
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Independence Bancshares Charitable Foundation Inc. is a private corporation based in SUMNER, IA. The foundation received its IRS ruling in 2004. The principal officer is Gary F Short - President. It holds total assets of $45K. Annual income is reported at $42K. Total assets have grown from $12K in 2011 to $37K in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Iowa. According to available records, Independence Bancshares Charitable Foundation Inc. has made 33 grants totaling $143K, with a median grant of $3K. The foundation has distributed between $45K and $52K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $52K distributed across 11 grants. Individual grants have ranged from $250 to $25K, with an average award of $4K. The foundation has supported 22 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$3K
Average Grant
$5K
Largest Grant
$15K
Based on 11 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Independence Bancshares Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in IA.
Independence Bancshares Charitable Foundation Inc. has distributed a total of $143K across 33 grants. The median grant size is $3K, with an average of $4K. Individual grants have ranged from $250 to $25K.
Independence Bancshares Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Independence Bancshares Charitable Foundation Inc. is headquartered in SUMNER, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David L Crees | Director | $0 | $0 | N/A |
| Randy A Blin | President / Director | $0 | $0 | N/A |
| C Dean Hoffman | Director | $0 | $0 | N/A |
| Brian K Meyer | Secretary / Director | $0 | $0 | N/A |
| Benjamin G Pagel | Treasurer / Director | $0 | $0 | N/A |
Total Giving
$46K
Total Assets
$37K
Fair Market Value
$37K
Net Worth
$37K
Grants Paid
$46K
Contributions
$27K
Net Investment Income
$133
Distribution Amount
$2K
Total Grants
33
Total Giving
$143K
Average Grant
$4K
Median Grant
$3K
Unique Recipients
22
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mustang Foundation IncGeneral Operations | Independence, IA | $3K | 2022 |
| Sumner Daycare And Learning Center IncGENERAL OPERATIONS | Sumner, IA | $17K | 2023 |
| Winneshiek County Development - Sunflower DaycareGENERAL OPERATIONS | Decorah, IA | $5K | 2023 |
| Decorah Vikings Athletic Booster ClubGENERAL OPERATIONS | Decorah, IA | $5K | 2023 |
| Little Knights Learning CenterGENERAL OPERATIONS | Dyart, IA | $5K | 2023 |
| Buchanan County Economic Development CommissionGENERAL OPERATIONS | Independence, IA | $3K | 2023 |
| Heartland AcresGENERAL OPERATIONS | Independence, IA | $3K | 2023 |
| Oelwein Event CorporationGENERAL OPERATIONS | Oelwein, IA | $3K | 2023 |
| Excelerating SumnerGENERAL OPERATIONS | Sumner, IA | $2K | 2023 |
| SemsGENERAL OPERATIONS | Sumner, IA | $1K | 2023 |
| Upper ExplorerlandGENERAL OPERATIONS | Postville, IA | $750 | 2023 |
| Fayette County Agricultural SocietyGENERAL OPERATIONS | West Union, IA | $500 | 2023 |
| Friends Of Community Memorial Hospital FoundationGENERAL OPERATIONS | Sumner, IA | $500 | 2023 |
| Hillcrest Home Inc (Hillcrest Living)GENERAL OPERATIONS | Sumner, IA | $500 | 2023 |
| Fayette County Economic DevelopmentGENERAL OPERATIONS | Postville, IA | $500 | 2023 |
| Fayette Heritage - Watermelon DaysGENERAL OPERATIONS | Fayette, IA | $250 | 2023 |
| Sumner Day Care & LearningGeneral Operations | Sumner, IA | $15K | 2022 |
| Hillcrest Home Memorial FoundationGeneral Operations | Sumner, IA | $10K | 2022 |
| Fayette Heritage CorpGeneral Operations | Fayette, IA | $1K | 2022 |
| Senior Citizen ImprovementGeneral Operations | Sumner, IA | $1K | 2022 |
| Upper Iowa UniversityGeneral Operations | Fayette, IA | $250 | 2022 |
| Decorah Nordic DancersGeneral Operations | Decorah, IA | $1K | 2021 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA