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Also known as: FOUNDATION
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The First National Bank Of Bemidji Foundation is a private corporation based in BEMIDJI, MN. The foundation received its IRS ruling in 1995. The principal officer is Paul Welle President. It holds total assets of $702K. Annual income is reported at $34K. Total assets have decreased from $1M in 2011 to $723K in 2023. The foundation is governed by 10 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, The First National Bank Of Bemidji Foundation has made 13 grants totaling $138K, with a median grant of $3K. The foundation has distributed between $36K and $63K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $63K distributed across 6 grants. Individual grants have ranged from $250 to $30K, with an average award of $11K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$4K
Average Grant
$10K
Largest Grant
$30K
Based on 4 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.
The First National Bank Of Bemidji Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in MN.
The First National Bank Of Bemidji Foundation has distributed a total of $138K across 13 grants. The median grant size is $3K, with an average of $11K. Individual grants have ranged from $250 to $30K.
None other than to comply with irc section 501(c)(3).
The First National Bank Of Bemidji Foundation is headquartered in BEMIDJI, MN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ron Cuperus | DIRECTOR | $0 | $0 | N/A |
| E Joseph Welle | VICE PRESIDENT | $0 | $0 | N/A |
| Zachary Hazelton | DIRECTOR | $0 | $0 | N/A |
| Lisa Bruns | DIRECTOR | $0 | $0 | N/A |
| Paul N Welle | PRESIDENT | $0 | $0 | N/A |
| Glen Lindseth | DIRECTOR | $0 | $0 | N/A |
| Rebecca Bentfield | SECRETARY/TREASURER | $0 | $0 | N/A |
| Andrew Wells Iv | DIRECTOR | $0 | $0 | N/A |
| Dean Thompson | DIRECTOR | $0 | $0 | N/A |
| B Scott Curb | DIRECTOR | $0 | $0 | N/A |
Total Giving
$37K
Total Assets
$723K
Fair Market Value
$723K
Net Worth
$723K
Grants Paid
$36K
Contributions
$4K
Net Investment Income
$12K
Distribution Amount
$36K
Total Grants
13
Total Giving
$138K
Average Grant
$11K
Median Grant
$3K
Unique Recipients
6
Most Common Grant
$30K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bemidji Career AcademiesFUNDS TO SUPPORT THE BEMIDJI CAREER ACADEMIES. | Bemidji, MN | $30K | 2023 |
| Bemidji Veterans Memorial BoardFUNDS TO SUPPORT THE BEMIDJI VETERANS MEMORIAL. | Bemidji, MN | $5K | 2023 |
| Bemidji High School ScholarshipFUNDS TO HELP SUPPORT SCHOLARSHIPS FOR BHS BUSINESS STUDENTS. | Bemidji, MN | $1K | 2023 |
| Face It TogetherFUNDS USED TO HOST A RECOVERY COOKOUT. | Bemidji, MN | $250 | 2022 |
| Bemidji Rotary ClubNEIGHBORHOOD INITIATIVE II | Bemidji, MN | $5K | 2020 |
| Special OlympicsASSISTANCE WITH SPORTS TRAINING, ATHLETE & COACH EXPENSES | Minneapolis, MN | $3K | 2020 |