First Security Foundation
First Security Foundation is a private foundation, based in Charles City, IA. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $102K in total assets. In 2026, it awarded 7 grants totaling $80K. Net investment income was $27K.
First Security Foundation at a glance
In short: First Security Foundation gave $80K across 7 grants in 2026 (avg $11K), mostly in Iowa. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $80,000
- -29.2% vs 2025
- Grants made (2026)
- 7
- -36.4% vs 2025
- Average grant
- $11,429
- +11.3% vs 2025
- Median grant
- $10,000
- Total assets
- $101,876
- -27.8% vs 2025
- Primary geography
- Iowa (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who First Security Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2026
The largest 2026 recipient was North Iowa Area Community College Foundation ($25K). Together the top 7 received $80K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 39 grants of 39 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 7 itemized grants.
States
Cities
How First Security Foundation gives
- Giving fell 45% from 2023 to 2026. Method
- In 2026 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 2026, annual grant giving ranged from $10K (2021) to $145K (2023). In 2026 it made 7 grants totaling $80K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| North Iowa Area Community College Foundation Mason City, IA | General Fund | $25,000 |
| Rockwell American Legion Rockwell City, IA | General Fund | $15,000 |
| Bristow Fire Department Bristow, IA | General Fund | $10,000 |
| Revitalize Dumont Dumont, IA | General Fund | $10,000 |
| Rudd Community Betterment Mason City, IA | General Fund | $10,000 |
| National 19TH Amendment Society Charles City, IA | General Fund | $5,000 |
| Riceville Family Care Riceville, IA | General Fund | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $101,876 | $42,203 | $81,437 | $80,000 | 7 | $80,615 | $26,588 | $5,244 |
| 2025 | $141,110 | $15,590 | $114,227 | $113,000 | 11 | $113,552 | $14,988 | $10,294 |
| 2024 | $239,747 | $60,813 | $71,567 | $70,500 | 5 | $71,022 | $5,290 | $11,513 |
| 2023 | $250,501 | $67,025 | $145,767 | $144,819 | 11 | $145,291 | $1,552 | $14,932 |
| 2022 | $329,243 | $220,976 | $51,550 | $50,685 | 5 | $51,105 | $556 | $9,685 |
| 2021 | $159,817 | $61,175 | $10,735 | $10,000 | 1 | — | $808 | $6,817 |
| 2020 | $109,377 | $60,979 | $50,460 | $50,000 | 2 | — | $749 | $5,639 |
Under IRS private-foundation payout rules, First Security Foundation reported a distributable amount of $5K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
First Security Foundation is led by Ronald K. Noah, President since 2025 (on filings since 2020); none of the 6 officers listed in 2026 report compensation.
Officers on the 2026 filing
Ronald K. Noah
President
Director → President, 2025
On filings since 2020
0.1 hrs/week
No compensation reported
Boyd Campbell
Director
On filings since 2020
0.1 hrs/week
No compensation reported
J. Richard Herbrechtsmeyer
Vice President & Director
Vice President & Director → Vice President, Director & Secretary, 2021
Vice President, Director & Secretary → Vice President & Director, 2024
On filings since 2020
0.1 hrs/week
No compensation reported
Brad Miller
Treasurer & Director
Treasurer → President, Treasurer & Director, 2024
President, Treasurer & Director → Treasurer & Director, 2025
On filings since 2022
0.1 hrs/week
No compensation reported
Robert D. Noble
Director
On filings since 2025
0.1 hrs/week
No compensation reported
Hannah Chambers
Secretary
On filings since 2024
0.1 hrs/week
No compensation reported
Former officers (4)
- Former: Kurt W. Herbrechtsmeyer (2020–2023) — President & Director
- Former: Stephen Spears (2021–2022) — Treasurer
- Former: E. Michael Farrell (2020–2021) — Treasurer
- Former: Sherri L. Ward (2020–2021) — Secretary
Data from IRS Form 990 filings, 2020–2026. "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 First Security Foundation
How much does First Security Foundation give each year?
First Security Foundation gave $80K across 7 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $113K across 11 grants.
What is First Security Foundation's typical grant size?
First Security Foundation's median grant in 2026 was $10,000, and its average grant was $11,429, across 7 grants on its 2026 IRS Form 990-PF.
Where does First Security Foundation give grants?
First Security Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Mason City, IA (2 grants).
Does First Security Foundation give general operating support?
Yes: 100% of First Security Foundation's 2026 grants with a stated purpose (7 of 7) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are First Security Foundation's largest grantees?
First Security Foundation's largest 2026 grantees include North Iowa Area Community College Foundation ($25,000), Rockwell American Legion ($15,000) and Bristow Fire Department ($10,000), according to its 2026 IRS Form 990-PF. Together they received 63% of its itemized 2026 grant dollars.
How large is First Security Foundation?
First Security Foundation reported $102K in total assets on its 2026 IRS Form 990-PF. It paid out $81K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is First Security Foundation's EIN?
First Security Foundation's EIN (Employer Identification Number) is 45-4091974. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 14, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 9, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 15, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 3, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 13, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS August 8, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS May 27, 2026)
- IRS filings on file for fiscal years 2020–2025
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