State Bank Foundation
- Assets
- $317.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Freeport, IL
- Founding
- 11/2011
- Data as of
- 06/2024
- EIN
- 45-2976901
Organization Overview
State Bank Foundation is located in Freeport, IL. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. State Bank 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 06/2024, State Bank Foundation generated $51.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $18.7k during the year ending 06/2024. While expenses have increased by 11.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ADDITIONAL MONETARY RESOURCES FOR SUPPORT OF CHARITABLE, RELIGIOUS, SCIENTIFIC, AND EDUCATIONAL PROGRAMS THAT MAKE A POSITIVE DIFFERENCE AND ENCOURAGE MEANINGFUL AND SUSTAINABLE CHANGE WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carsten Brandt President | 0 | $0 | |
Sarah Stuckey Director | 0 | $0 | |
Beth Bastian Treasurer | 0 | $0 | |
Pete Norman Director | 0 | $0 | |
Troy Lessman Director | 0 | $0 | |
Travis Howell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,016 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,951 |
| Gain or Loss | $3,191 |
| Net Income from Gaming & Fundraising | $21,703 |
| Other Revenue | $0 |
| Total Revenue | $51,861 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25 |
| Total expenses | $18,725 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,074 |
| Other assets | $0 |
| Total assets | $317,876 |
| Total liabilities | $0 |
| Net assets or fund balances | $317,876 |