Citizens Independant Bank Community Foundation
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.
Citizens Independant Bank Community Foundation at a glance
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.
- 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)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Citizens Independant Bank Community Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2022
The largest 2022 recipient was Step - St Louis Park Emergency Program ($1K).
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2022 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $1K (2022) to $34K (2020). In 2022 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Step - St Louis Park Emergency Program St Louis Park, MN | General | $1,389 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2022 | — | $412 | $4,064 | $1,389 | 1 | $2,751 | $73 |
| 2021 | $3,652 | $964 | $25 | — | — | — | $186 |
| 2020 | $2,713 | — | $40,531 | $34,200 | 16 | — | $630 |
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.
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.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 17, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 16, 2023)
- IRS filings on file for fiscal years 2020–2022
Live grants for the work Citizens Independant Bank Community Foundation funds
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