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Filing year 2024

Security State Bank Foundation

Hibbing, Minnesota·EIN 41-1830282·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$27k
Total assets
$291k
Total expenses
$14k
Reported officers
6

Reported officers (all unpaid)

No paid executives reported in 2024. Security State Bank Foundation reported 6 unpaid officers and board members on its 990-PF.

President
Treasurer
Director
Director
Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$14k

Itemized grants

15

Median grant

$1k

RecipientLocationPurposeAmount
United Way NE MNChisholm, MNBuddy backpacks$2k
Angel FundHibbing, MNRock for an Angel Bonspiel$1k
Fairview Range - Hearts for HospiceHibbing, MNGeneral support$1k
Lincoln Parent Teacher OrgHibbing, MNLES Playground$1k
Boys and Girls Club of HibbingHibbing, MNGeneral support$1k
Hibbing Little LeagueHibbing, MNUniforms and safety equip$1k
Hibbing Band Parents OrgHibbing, MNUniforms and instruments$1k
Crescendo OrchestraHibbing, MNGeneral support$1k
United Way NE MNChisholm, MNVeterans retreat$1k
Hibbing Farmers MarketHibbing, MNCanopy tents$500
Pregnancy Lifecare CenterHibbing, MNGeneral support$500
Ironworld Development CorpChisholm, MNHill Annex Paleo project$500
Boy Scouts of Am - Voageurs Area CouncilHermantown, MNGeneral support$500
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Security State Bank Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$30k
$15k
2023
$27k
$14k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Minnesota

Security State Bank Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Minnesota earns a median of $32,530.

25th percentile
$8k
Median
$32,530
75th percentile
$93k
90th percentile
$243k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 399 organizations across 399 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Minnesota
FAQ

Common questions about Security State Bank Foundation

What are Security State Bank Foundation's revenue and expenses?

In 2024, Security State Bank Foundation reported $27k in total revenue and $14k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.