Independence Bancshares Charitable

Foundation · Grantmaker Sumner, IA EIN: 20-1051475

Independence Bancshares Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Key facts about Independence Bancshares Charitable

In short: Independence Bancshares Charitable gave $46K across 9 grants in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

EIN
20-1051475
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$46,200
Grants made (2025)
9
Average grant
$5,133
Median grant
$3,250
Total assets
$41,854
Primary geography
Iowa (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$42K

-6.7% YoY

Annual Giving

$46K

+36.2% YoY

Grant Count

9

+12.5% YoY

Avg Grant Size

$5K

+21.1% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 9 itemized 2025 grant dollars.

States

Cities

SumnerIndependenceDecorahFayetteDyartPostvilleOelweinWaucomaWaverlyWest Union

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K7 grants20207 grants202111 grants202215 grants20238 grants20249 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Sumner Daycare and Learning Center Inc: $17KSumner Daycare and LearningCenter Inc$17KNortheast Iowa Community Foundation: $8KNortheast Iowa CommunityFoundation$8KBremer County Fair Association: $5KBremer County Fair Association$5KSunflower Child Care Center: $5KSunflower Child Care Center$5KHeartland Acres: $3KHeartland Acres$3KBuchanan County Economic Development Commission: $3KBuchanan County EconomicDevelopment Commission$3KOelwein Event Corporation: $3KOelwein Event Corporation$3KSumner Emergency Medical Services: $1KSumner Emergency MedicalServices$1KWaucoma Fire Association: $1KWaucoma Fire Association$1K

Grant Size Distribution

50 grants across all recorded years

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

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Sumner Daycare and Learning Center Inc Sumner, IAGeneral Operations$17,000
Northeast Iowa Community Foundation Decorah, IAGeneral Operations$8,000
Bremer County Fair Association Waverly, IAGeneral Operations$5,000
Sunflower Child Care Center Decorah, IAGeneral Operations$5,000
Heartland Acres Independence, IAGeneral Operations$3,250
Buchanan County Economic Development Commission Independence, IAGeneral Operations$3,000
Oelwein Event Corporation Oelwein, IAGeneral Operations$2,500
Sumner Emergency Medical Services Sumner, IAGeneral Operations$1,450
Waucoma Fire Association Waucoma, IAGeneral Operations$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K202020212022202320242025
Metric202520242023
Total Assets$41,854$44,843$36,924
Revenue$43,312$41,836$27,139
Expenses$46,301$33,917$46,167
Qualifying Distributions$46,300$33,915$46,165
Net Investment Income$62$86$133
Distributable Amount$1,094$1,075$1,822

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 March 29, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 11, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 7, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 10, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 8, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 1, 2026)
  7. IRS filings on file for fiscal years 2020–2025

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?

Independence Bancshares Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sumner, IA. It holds $42K in total assets as of 2025.

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.

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