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Security State Bank Foundation is a private corporation based in HIBBING, MN. The foundation received its IRS ruling in 2014. It holds total assets of $291K. Annual income is reported at $27K. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Minnesota. According to available records, Security State Bank Foundation has made 66 grants totaling $57K, with a median grant of $1K. The foundation has distributed between $14K and $28K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $28K distributed across 32 grants. Individual grants have ranged from $250 to $2K, with an average award of $858.333. The foundation has supported 40 unique organizations. Grants have been distributed to organizations in Minnesota and Illinois. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$750
Average Grant
$897
Largest Grant
$2K
Based on 16 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.
Security State Bank Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 66 grants. Its grantmaking reaches organizations primarily in MN, IL.
Security State Bank Foundation has distributed a total of $57K across 66 grants. The median grant size is $1K, with an average of $858.333. Individual grants have ranged from $250 to $2K.
Priorities include youth, elderly, community and low income families and scholarships to local graduating seniors.
Security State Bank Foundation is headquartered in HIBBING, MN. While based in MN, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Gary Oie | Director | $0 | $0 | N/A |
| Karlee Persons | President | $0 | $0 | N/A |
| Kim Thomas | Treasurer | $0 | $0 | N/A |
| Shannon Plombon | Secretary | $0 | $0 | N/A |
| Mark Gardeski | Director | $0 | $0 | N/A |
| Ej Hanson | Director | $0 | $0 | N/A |
| Chris Westin | Director | $0 | $0 | N/A |
Total Giving
$15K
Total Assets
$278K
Fair Market Value
$278K
Net Worth
$278K
Grants Paid
$14K
Contributions
$25K
Net Investment Income
$5K
Distribution Amount
$13K
Total Grants
66
Total Giving
$57K
Average Grant
$858.333
Median Grant
$1K
Unique Recipients
40
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyRec center startup | Hibbing, MN | $2K | 2023 |
| Angel FundRock for an Angel Bonspiel | Hibbing, MN | $250 | 2023 |
| Paulucci Space TheatreMurals | Hibbing, MN | $2K | 2023 |
| Mid Range Honor GuardGeneral support | Hibbing, MN | $1K | 2023 |
| Emery Maki Univ Of NorthwesternScholarship | Hibbing, MN | $1K | 2023 |
| Arrowhead Economic Opp AgencyHomeless shelter | Virginia, MN | $1K | 2023 |
| Mines And Pines Revisited CommitteeGeneral support | Hibbing, MN | $1K | 2023 |
| Geli Stentstrom And Univ Of MnScholarship | Meadowlands, MN | $1K | 2023 |
| Hibbing Farmers MarketPower of Produce program | Hibbing, MN | $1K | 2023 |
| Hibbing Tourist Senior Citizen CenterEquipment replacement | Hibbing, MN | $750 | 2023 |
| Alzheimer'S AssociationRange Area Walk | Chicago, IL | $500 | 2023 |
| Range Nordic GlidersSki challenge | Hibbing, MN | $500 | 2023 |
| N St Louis County 4h Federation4H youth scholarships | Virginia, MN | $500 | 2023 |
| Chisholm Kids PlusSplash pad | Chisholm, MN | $500 | 2023 |
| Boy Scouts Of Am - Voageurs Area CouncilGeneral support | Hermantown, MN | $500 | 2023 |
| Project Care Free ClinicPasta feed fundraiser | Hibbing, MN | $500 | 2023 |
| Pregnancy Lifecare CenterGeneral support | Hibbing, MN | $500 | 2023 |
| Cherry Parent Teacher OrganizationLittle Opera of the North | Iron, MN | $300 | 2023 |
| Crescendo Youth OrchestraString Camp | Hibbing, MN | $1K | 2022 |
| Mellanie Heikkila Bemidji State UniScholarship | Chisholm, MN | $1K | 2022 |
| Zachary Rusich University Of MnScholarship | Hibbing, MN | $1K | 2022 |
| Boys And Girls Club - HibbingFunding for Food | Hibbing, MN | $1K | 2022 |
| Independent School District 701Historic preservation | Hibbing, MN | $1K | 2022 |
| United Way Ne MnUnited for Veterans | Chisholm, MN | $1K | 2022 |
| Central Range Pickle Ball ClubGeneral support | Hibbing, MN | $1K | 2022 |
| Boy Scouts Of Am - Voyageurs CouncilGeneral support | Hermantown, MN | $1K | 2022 |
| Veterans Community Thrift StoreHoliday Baskets | Hibbing, MN | $1K | 2022 |
| West Range Composite Mtn Bike TeamGeneral support | Hibbing, MN | $500 | 2022 |
| Hibbing Elks Lodge #1022Youth camp | Hibbing, MN | $500 | 2022 |