Security State Bank Foundation FY2020 filing

Tax-deductible

Hibbing, MN501(c)(3)Foundations & GrantmakersEIN 41-1830282Revenue $19K in FY2020

On file with the IRS701 E Howard St, 55746-1717 · Hibbing, MNTax-exempt since Jun 2014Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2020 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $5K a year · 24% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
215 mo
of spending, in cash
Looks good: 214.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19K
Spent
$15K
Net assets
$264K
By yearFY2020–FY2025
Revenue
$19K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$19K
FY2021$2K
FY2022$26K
FY2023$30K
FY2024$27K
FY2025$11K
Expenses
$15K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$15K
FY2021$14K
FY2022$14K
FY2023$15K
FY2024$14K
FY2025$15K
Net assets
$264K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$264K
FY2021$251K
FY2022$263K
FY2023$278K
FY2024$291K
FY2025$288K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 97% · $14K Operating & administrative 3% · $381

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See Security State Bank Foundation executive salaries →

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Programs and updates

A private foundation based in Hibbing, MN.

Questions for Security State Bank Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 20 grants · $14K · 2025–2025
Individual RecipientFY2025$1,000
Individual RecipientFY2025$1,000
Individual RecipientFY2025$1,000
Hibbing Historical SocietyFY2025$1,000
Individual RecipientFY2025$1,000
Finn Eskeli and College of St ScholFY2025$1,000
Hibbing Little LeagueFY2025$1,000
Boys and Girls Club of HibbingFY2025$1,000
Andrew Rasch and Univ of North DakoFY2025$1,000
Families and Communities Thrive TogetherFY2025$500
Family Life Center RangeFY2025$500
Hibbing-Chisholm Rangers Spec OlympicsFY2025$500
N St Louis County 4-HFY2025$500
MdcfairviewFY2025$500
Care PartnersFY2025$500
Hibbing Tourist & Senior Citizen CenterFY2025$500
Northern Aquatics Swim ClubFY2025$500
Individual RecipientFY2025$500
See all 20 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$700
Median grantPart XV$500
Largest grantPart XV$1K

By the numbers

The FY2020 990-PF, line by line.

1The main four
Money in
$19K
Gifts and grants$15K
Investment income$4K
Money out
$15K
Grants paid$14K
Running costs$381
Owns and owes
$264K
net assets
Cash and savings$263K
Total assets$264K
Liabilities$0
2In more detail
Revenue in detail
Gifts and grants$15K
Investment income$4K
Total revenue$19K
Assets in detailEnd of year
Cash and savings together$263K
Total assets$264K
Liabilities$0
Net assets$264K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11K$15K−$3K$288K 990 PDF
FY2024 $27K$14K$13K$291K 990 PDF
FY2023 $30K$15K$15K$278K 990 PDF
FY2022 $26K$14K$12K$263K 990 PDF
FY2021 $2K$14K−$13K$251K 990 PDF
FY2020 Viewing $19K$15K$4K$264K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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