First Security Foundation
- Assets
- $239.7k
- Revenue
- $60.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charles City, IA
- Founding
- 03/2013
- Data as of
- 03/2024
- EIN
- 45-4091974
Organization Overview
First Security Foundation is located in Charles City, IA. The organization was established in 2013. 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. First Security Foundation 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 03/2024, First Security Foundation generated $60.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $71.6k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, First Security Foundation has awarded 36 individual grants totaling $466,504. 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 |
|---|---|---|---|
Brad Miller President,treasurer, Director | 0.1 | $0 | |
J Richard Herbrechtsmeyer Vice President, Director | 0.1 | $0 | |
Hannah Chambers Secretary | 0.1 | $0 | |
Boyd Campbell Director | 0.1 | $0 | |
Ronald K Noah Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $4,367 |
| Dividends & Interest | $1,446 |
| 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 | $60,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,067 |
| Contributions, gifts, grants paid | $70,500 |
| Total expenses and disbursements | $71,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $239,747 |
| 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 | $239,747 |
| 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, First Security Foundation has awarded $70,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RUDD HISTORICAL SOCIETY PURPOSE: GENERAL FUND | $25,000 |
DUMONT VOLUNTEER FIRE DEPARTMENT PURPOSE: GENERAL FUND | $7,500 |
RICEVILLE FAMILY CARE AND THERAPY CENTER (RICEVILLE COMMUNITY REST HOME) PURPOSE: GENERAL FUND | $3,000 |
NORTH IOWA AREA COMMUNITY COLLEGE FOUNDATION PURPOSE: GENERAL FUND | $25,000 |
FRANKLIN COUNTY FAIR FOUNDATION PURPOSE: GENERAL FUND | $10,000 |