Citizens Independant Bank Community Foundation

Private foundation · Grantmaker St Louis Park, MN EIN: 41-2022565

Citizens Independant Bank Community Foundation is a private foundation, based in St Louis Park, MN. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grant totaling $1K.

Key facts about Citizens Independant Bank Community Foundation

In short: Citizens Independant Bank Community Foundation gave $1K across 1 grant in 2022 (avg $1K), mostly in Minnesota. Source: 2022 IRS Form 990-PF.

EIN
41-2022565
Latest 990 filing
Form 990-PF, 2022
Annual giving (2022)
$1,389
Grants made (2022)
1
Average grant
$1,389
Median grant
$1,389
Primary geography
Minnesota (100% of itemized 2022 grant dollars)

Data from IRS Form 990-PF, 2022; updated September 2026.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$1K

Grant Count

1

Avg Grant Size

$1K

Under IRS private-foundation payout rules, Citizens Independant Bank Community Foundation reported a distributable amount of $73 for 2022 — the minimum it must pay out in qualifying distributions.

How Citizens Independant Bank Community Foundation gives

  • In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2022 grant dollars on its one itemized grant.

States

Cities

St Louis ParkPlymouthGolden ValleyHopkinsBrooklyn ParkMinneapolis

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K16 grants2020 0 grants2021 1 grant2022

From 2020 to 2022, annual grant giving ranged from $1K (2022) to $34K (2020). In 2022 it made 1 grant totaling $1K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2022

Step - St Louis Park Emergency Program: $1KStep - St Louis Park EmergencyProgram$1K

The largest 2022 recipient was Step - St Louis Park Emergency Program ($1K).

Grant Size Distribution

17 grants across all recorded years

17<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 17 grants of 17 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Step - St Louis Park Emergency Program St Louis Park, MNGeneral$1,389

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$20K$40K$60K2020 2021 2022
Metric202220212020
Total Assets—$3,652$2,713
Revenue$412$964—
Expenses$4,064$25$40,531
Qualifying Distributions$2,751——
Distributable Amount$73$186$630

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 4, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS October 17, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS October 16, 2023)
  4. IRS filings on file for fiscal years 2020–2022

Leadership & Key People

Officers and directors from IRS filings

Citizens Independant Bank Community Foundation's only listed officer is Bradley E. Bakken, Secretary on every filing since 2020 (uncompensated).

Officers on the 2022 filing

  • Bradley E. Bakken

    Secretary

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Constance L. Bakken (2020) — President

Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Citizens Independant Bank Community Foundation

How much does Citizens Independant Bank Community Foundation give each year?

Citizens Independant Bank Community Foundation gave $1K across 1 grant in 2022, according to its 2022 IRS Form 990-PF.

Where does Citizens Independant Bank Community Foundation operate?

Citizens Independant Bank Community Foundation has awarded grants in Minnesota.

How much is Citizens Independant Bank Community Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Citizens Independant Bank Community Foundation reported a distributable amount of $73 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Citizens Independant Bank Community Foundation's EIN?

Citizens Independant Bank Community Foundation's EIN (Employer Identification Number) is 41-2022565. IRS Form 990 filing data is available on this page for 2020–2022.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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