South Story Bank Charitable Foundation
South Story Bank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUXLEY, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $97K in total assets. In 2024, it awarded 14 grants totaling $31K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$97K
+19.4% YoY
Annual Giving
$31K
-34.0% YoY
Grant Count
14
-36.4% YoY
Avg Grant Size
$2K
+3.8% YoY
Under IRS private-foundation payout rules, South Story Bank Charitable Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About South Story Bank Charitable Foundation
Based on IRS filings
South Story Bank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUXLEY, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $97K in total assets. In 2024, it awarded 14 grants totaling $31K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $97,446 | $81,595 | $87,025 |
| Revenue | $48,000 | $41,130 | $48,000 |
| Expenses | $32,329 | $46,560 | $44,765 |
| Qualifying Distributions | $30,749 | $46,560 | $44,765 |
| Net Investment Income | — | — | — |
| Distributable Amount | $5,024 | $4,683 | $4,266 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Story County ($10,174), Michael Henter Foundation ($5,000), Agape ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Big Brothers Big Sisters of Central Iowa Clive, IA | General Operations | $2,500 |
| Michael Henter Foundation Clive, IA | General Operations | $5,000 |
| Nevada Parks and Recreation Department Nevada, IA | Annual Thanksgiving Meal | $2,500 |
| Pinky Swear Foundation Edina, MN | General Operations | $3,000 |
| Timber Creek Charities Guthrie Center, IA | General Operations | $500 |
| United Way of Story County Ames, IA | General Operations | $10,174 |
| Wildwood Hills Ranch of Iowa St Charles, IA | General Operations | $1,000 |
| Hope Ministries Des Moines, IA | General Operations | $500 |
| Sophomore's Salute to Service Nevada, IA | General Operations | $75 |
| Bethlehem Lutheran Church Slater, IA | General Operations | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Steve Simon | President & Director | 1 | — |
| Darrell Hughes | Secretary & Director | 0.1 | — |
| Matt Schmaltz | Director | 0.1 | — |
| Brandon Danielson | Director | 0.1 | — |
| Kenneth Lund | Director | 0.1 | — |
| Suzanne Askelsen | Director | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is South Story Bank Charitable Foundation?
South Story Bank Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HUXLEY, IA. It holds $97K in total assets as of 2024.
How large is South Story Bank Charitable Foundation?
As of 2024, South Story Bank Charitable Foundation holds $97K in total assets with $48K in annual revenue. It awarded 14 grants totaling $31K in 2024.
Where does South Story Bank Charitable Foundation operate?
South Story Bank Charitable Foundation has awarded grants in Iowa, Minnesota, New York, Texas.
What size grants does South Story Bank Charitable Foundation award?
In 2024, South Story Bank Charitable Foundation awarded 14 grants totaling $31K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is South Story Bank Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, South Story Bank Charitable Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is South Story Bank Charitable Foundation's EIN?
South Story Bank Charitable Foundation's EIN (Employer Identification Number) is 81-4231257. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in South Story Bank Charitable Foundation'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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