First Citizens National Bank Charitable Foundation Inc
- Assets
- $1.3m
- Revenue
- $336.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 42-1451615
Organization Overview
First Citizens National Bank Charitable Foundation Inc is located in Mason City, IA. The organization was established in 1996. 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 Citizens National Bank 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 12/2021, First Citizens National Bank Charitable Foundation Inc generated $336.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $456.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Citizens National Bank Charitable Foundation Inc has awarded 602 individual grants totaling $3,250,584. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PAID TO NONPROFIT ORGANIZATIONS THAT MEET ESTABLSIHED CRITERIA. SEE LISTING ON PAGE 11, PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Tomson Exec Director | 2 | $10,000 | |
Catherine Rottinghaus Director | 1 | $0 | |
O Jay Tomson President | 1 | $0 | |
Marti Rodamaker Vice President | 1 | $0 | |
James Anderson Treasurer | 1 | $0 | |
Gordon Anderson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $56 |
| Dividends & Interest | $36,763 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $66,731 |
| Net ST Capital Gain | $12,015 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $336,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,448 |
| Contributions, gifts, grants paid | $440,450 |
| Total expenses and disbursements | $456,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776 |
| Savings and temporary cash investments | $87,016 |
| 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 | $1,105,357 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,275,466 |
| 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 Citizens National Bank Charitable Foundation Inc has awarded $440,450 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
Mason City, IA PURPOSE: FUTURE IS NOWCAPITAL CAMPAIGNATHLETIC FACILITY | $50,000 |
YSS FRANCIS LAUER PURPOSE: RECOVERY CENTER | $40,000 |
CITY OF OSAGE PURPOSE: PUBLIC RECREATIONAMENITIES | $30,000 |
43 NORTH IOWA PURPOSE: BECKER CENTERIMPROVEMENTPROJECT | $25,000 |
MITCHELL COUNTY MEMORIAL FDN PURPOSE: EXPANSION/RENOVATIONOF MITCHELL COUNTYREGIONAL HEALTH CENTER | $25,000 |
Mason City, IA PURPOSE: PROVIDE SHELTERAND SERVICES FORTHE HOMELESS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |