Independence Bancshares Charitable
Independence Bancshares Charitable is a private foundation, based in Sumner, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $42K in total assets. In 2025, it awarded 9 grants totaling $46K. Net investment income was $62.
Independence Bancshares Charitable at a glance
In short: Independence Bancshares Charitable gave $46K across 9 grants in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $46,200
- +36.2% vs 2024
- Grants made (2025)
- 9
- +12.5% vs 2024
- Average grant
- $5,133
- +21.1% vs 2024
- Median grant
- $3,250
- Total assets
- $41,854
- -6.7% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Independence Bancshares Charitable funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Sumner Daycare and Learning Center Inc ($17K). Together the top 9 received $46K.
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 50 grants of 50 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Independence Bancshares Charitable gives
- Giving held roughly steady from 2022 to 2025 (−11%). Method
- In 2025 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 2025, annual grant giving ranged from $11K (2020) to $52K (2022). In 2025 it made 9 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sumner Daycare and Learning Center Inc Sumner, IA | General Operations | $17,000 |
| Northeast Iowa Community Foundation Decorah, IA | General Operations | $8,000 |
| Bremer County Fair Association Waverly, IA | General Operations | $5,000 |
| Sunflower Child Care Center Decorah, IA | General Operations | $5,000 |
| Heartland Acres Independence, IA | General Operations | $3,250 |
| Buchanan County Economic Development Commission Independence, IA | General Operations | $3,000 |
| Oelwein Event Corporation Oelwein, IA | General Operations | $2,500 |
| Sumner Emergency Medical Services Sumner, IA | General Operations | $1,450 |
| Waucoma Fire Association Waucoma, IA | General Operations | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $41,854 | $43,312 | $46,301 | $46,200 | 9 | $46,300 | $62 | $1,094 |
| 2024 | $44,843 | $41,836 | $33,917 | $33,915 | 8 | $33,915 | $86 | $1,075 |
| 2023 | $36,924 | $27,139 | $46,167 | $46,165 | 15 | $46,165 | $133 | $1,822 |
| 2022 | $55,952 | $17,352 | $52,201 | $52,200 | 11 | $52,200 | $152 | $3,340 |
| 2021 | $90,801 | $85,103 | $44,951 | $44,950 | 7 | $44,950 | $43 | $1,705 |
| 2020 | $50,649 | $30,052 | $10,531 | $10,530 | 7 | — | $52 | $1,376 |
Under IRS private-foundation payout rules, Independence Bancshares Charitable reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Independence Bancshares Charitable is led by Randy A Blin, President & Director on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Randy A Blin
President & Director
On filings since 2020
0.1 hrs/week
No compensation reported
Brian K Meyer
Director
Secretary & Director → Director, 2023
On filings since 2020
0.1 hrs/week
No compensation reported
C Dean Hoffman
Vice President & Director
Director → Vice President & Director, 2023
On filings since 2020
0.1 hrs/week
No compensation reported
David L Crees
Vice President & Director
Director → Vice President & Director, 2023
On filings since 2020
0.1 hrs/week
No compensation reported
Benjamin G Pagel Treasurer
Secretary & Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Ann M Wedemeier
Secretary
New on the 2025 filing
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Benjamin G Pagel (2020–2024) — Treasurer, Secretary & Director
Data from IRS Form 990 filings, 2020–2025. "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 Independence Bancshares Charitable
How much does Independence Bancshares Charitable give each year?
Independence Bancshares Charitable gave $46K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $34K across 8 grants.
What is Independence Bancshares Charitable's typical grant size?
Independence Bancshares Charitable's median grant in 2025 was $3,250, and its average grant was $5,133, across 9 grants on its 2025 IRS Form 990-PF.
Where does Independence Bancshares Charitable give grants?
Independence Bancshares Charitable gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Sumner, IA (2 grants), Decorah, IA (2 grants) and Independence, IA (2 grants).
Does Independence Bancshares Charitable give general operating support?
Yes: 100% of Independence Bancshares Charitable's 2025 grants with a stated purpose (9 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Independence Bancshares Charitable's largest grantees?
Independence Bancshares Charitable's largest 2025 grantees include Sumner Daycare and Learning Center Inc ($17,000), Northeast Iowa Community Foundation ($8,000) and Bremer County Fair Association ($5,000), according to its 2025 IRS Form 990-PF. Together they received 65% of its itemized 2025 grant dollars.
How large is Independence Bancshares Charitable?
Independence Bancshares Charitable reported $42K in total assets on its 2025 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 1, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Independence Bancshares Charitable funds
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