Independence Bancshares Charitable Foundation Inc
- Assets
- $36.9k
- Revenue
- $27.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Sumner, IA
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 20-1051475
Organization Overview
Independence Bancshares Charitable Foundation Inc is located in Sumner, IA. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Bancshares Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Independence Bancshares Charitable Foundation Inc generated $27.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $46.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Independence Bancshares Charitable Foundation Inc has awarded 65 individual grants totaling $197,695. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy A Blin President/director | 0.1 | $0 | |
David L Crees Vice President/director | 0.1 | $0 | |
C Dean Hoffman Vice President/director | 0.1 | $0 | |
Benjamin G Pagel Treasurer/secretary/director | 0.1 | $0 | |
Brian K Meyer Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,006 |
| Interest on Savings | $133 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,139 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2 |
| Contributions, gifts, grants paid | $46,165 |
| Total expenses and disbursements | $46,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,924 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,924 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Independence Bancshares Charitable Foundation Inc has awarded $46,165 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BUCHANAN COUNTY ECONOMIC DEVELOPMENT COMMISSION PURPOSE: GENERAL OPERATIONS | $3,415 |
FAYETTE COUNTY ECONOMIC DEVELOPMENT PURPOSE: GENERAL OPERATIONS | $500 |
OELWEIN EVENT CORPORATION PURPOSE: GENERAL OPERATIONS | $2,500 |
HEARTLAND ACRES PURPOSE: GENERAL OPERATIONS | $3,250 |
UPPER EXPLORERLAND PURPOSE: GENERAL OPERATIONS | $750 |
SEMS PURPOSE: GENERAL OPERATIONS | $1,000 |