Independence Bancshares Charitable Foundation Inc
- Assets
- $56.0k
- Revenue
- $17.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, IA
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 20-1051475
Organization Overview
Independence Bancshares Charitable Foundation Inc is located in Independence, 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 12/2022, Independence Bancshares Charitable Foundation Inc generated $17.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $52.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Independence Bancshares Charitable Foundation Inc has awarded 57 individual grants totaling $162,060. 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 |
|---|---|---|---|
Benjamin G Pagel Treasurer / Director | 0.1 | $0 | |
Randy A Blin President / Director | 0.1 | $0 | |
David L Crees Director | 0.1 | $0 | |
C Dean Hoffman Director | 0.1 | $0 | |
Brian K Meyer Secretary / Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,200 |
| Interest on Savings | $152 |
| 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 | $17,352 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1 |
| Contributions, gifts, grants paid | $52,200 |
| Total expenses and disbursements | $52,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,952 |
| 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 | $55,952 |
| 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 $52,200 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SUMNER DAY CARE & LEARNING PURPOSE: GENERAL OPERATIONS | $15,000 |
Sumner, IA PURPOSE: GENERAL OPERATIONS | $10,000 |
WINNESHIEK COUNTY DEVELOPMENT - SUNFLOWER DAYCARE PURPOSE: GENERAL OPERATIONS | $10,000 |
LITTLE KNIGHTS LEARNING CENTER PURPOSE: GENERAL OPERATIONS | $4,500 |
HEARTLAND ACRES PURPOSE: GENERAL OPERATIONS | $3,200 |
Independence, IA PURPOSE: GENERAL OPERATIONS | $2,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |