Independence Bancshares Charitable
Independence Bancshares Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMNER, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $45K in total assets. In 2024, it awarded 8 grants totaling $34K. Net investment income was $86.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$45K
+21.4% YoY
Annual Giving
$34K
-26.5% YoY
Grant Count
8
-46.7% YoY
Avg Grant Size
$4K
+37.7% YoY
Under IRS private-foundation payout rules, Independence Bancshares Charitable reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About Independence Bancshares Charitable
Based on IRS filings
Independence Bancshares Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMNER, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $45K in total assets. In 2024, it awarded 8 grants totaling $34K. Net investment income was $86.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $44,843 | $36,924 | $55,952 |
| Revenue | $41,836 | $27,139 | $17,352 |
| Expenses | $33,917 | $46,167 | $52,201 |
| Qualifying Distributions | $33,915 | $46,165 | $52,200 |
| Net Investment Income | $86 | $133 | $152 |
| Distributable Amount | $1,075 | $1,822 | $3,340 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sumner Daycare and Learning Center Inc ($17,000), Winneshiek County Development - Sunflower Daycare ($5,000), Buchanan County Economic Development Commission ($3,415).
| Recipient | Purpose | Amount |
|---|---|---|
| Buchanan County Economic Development Commission Independence, IA | GENERAL OPERATIONS | $3,415 |
| Excelerating Sumner Sumner, IA | GENERAL OPERATIONS | $1,000 |
| Fayette County Economic Development Postville, IA | GENERAL OPERATIONS | $250 |
| Heartland Acres Independence, IA | GENERAL OPERATIONS | $3,250 |
| Hillcrest Home Inc (Hillcrest Living) Sumner, IA | GENERAL OPERATIONS | $1,000 |
| Sumner Daycare and Learning Center Inc sumner, IA | GENERAL OPERATIONS | $17,000 |
| Winneshiek County Development - Sunflower Daycare Decorah, IA | GENERAL OPERATIONS | $5,000 |
| Kidsville Early Learning Center Independence, IA | GENERAL OPERATIONS | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Randy A Blin | President/Director | 0.1 | — |
| David L Crees | Vice President/Director | 0.1 | — |
| C Dean Hoffman | Vice President/Director | 0.1 | — |
| Benjamin G Pagel | Treasurer/Secretary/Director | 0.1 | — |
| Brian K Meyer | Director | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Independence Bancshares Charitable?
Independence Bancshares Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SUMNER, IA. It holds $45K in total assets as of 2024.
How large is Independence Bancshares Charitable?
As of 2024, Independence Bancshares Charitable holds $45K in total assets with $42K in annual revenue. It awarded 8 grants totaling $34K in 2024.
Where does Independence Bancshares Charitable operate?
Independence Bancshares Charitable has awarded grants in Iowa.
What size grants does Independence Bancshares Charitable award?
In 2024, Independence Bancshares Charitable awarded 8 grants totaling $34K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Independence Bancshares Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Independence Bancshares Charitable reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Independence Bancshares Charitable's EIN?
Independence Bancshares Charitable's EIN (Employer Identification Number) is 20-1051475. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Independence Bancshares Charitable's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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