Mutual Federal Savings Bank Charitable Foundation Inc

Muncie, IN
Tax-exempt since Feb. 1999
EIN: 35-2064221

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This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Revenue

$4.79M (2022)

Expenses

$7.65M (2022)

Total Assets

$0 (2022)

Total Liabilities

$0 (2022)

Years with missing data

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2022

Revenue

$4,786,035

Expenses

$7,650,739

Net Income

-$2,864,704

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,704	0.0%
Dividends	$290,021	6.1%
Sales of Assets	$4,494,310	93.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,757,131	> 100%
Compensation of Officers*	$1,000	0.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$0
Total Liabilities	$0
Net Assets	$0

Compensation

Key Employees and Officers	Compensation	Other
Sara Shade Hamilton (Director)	$1,000	$0
Dave Heeter (President)	$0	$0
Christopher Cook (Vice Pres/Tr)	$0	$0
Melissa Greer (Secretary)	$0	$0
R Donn Roberts (Chairman)	$0	$0
Linn Crull (Director)	$0	$0
Carol Seals (Director)	$0	$0

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990-PF

Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$386,994

Expenses

$378,624

Net Income

$8,370

Net Assets

$7,415,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$89	0.0%
Dividends	$386,905	100.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$297,089	78.5%
Compensation of Officers*	$750	0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,688,333
Total Liabilities	$272,531
Net Assets	$7,415,802

Compensation

Key Employees and Officers	Compensation	Other
Sara Shade Hamilton (Director)	$750	$0
Dave Heeter (President)	$0	$0
Christopher Cook (Vice Pres/Tr)	$0	$0
Melissa Greer (Secretary)	$0	$0
R Donn Roberts (Chairman)	$0	$0
Linn Crull (Director)	$0	$0
Dr Sam Abram (Director)	$0	$0
Carol Seals (Director)	$0	$0

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990-PF

Filed on Oct. 21, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$283,369

Expenses

$274,095

Net Income

$9,274

Net Assets

$5,761,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$50,000	17.6%
Interest Revenue	$4,834	1.7%
Dividends	$228,535	80.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$399,565	> 100%
Compensation of Officers*	$1,750	0.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,957,131
Total Liabilities	$195,398
Net Assets	$5,761,733

Compensation

Key Employees and Officers	Compensation	Other
Sara Shade Hamilton (Director)	$1,000	$0
Dr Sam Abram (Director)	$750	$0
Dave Heeter (President)	$0	$0
Jaime Faulkner (Vice Preside)	$0	$0
Christopher Cook (Treasurer)	$0	$0
Chris Caldwell (Secretary)	$0	$0
Melissa Greer (Secretary)	$0	$0
R Donn Roberts (Chairman)	$0	$0
Linn Crull (Director)	$0	$0
Carol Seals (Director)	$0	$0

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990-PF

Filed on Jan. 8, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2019

Revenue

$218,383

Expenses

$373,636

Net Income

-$155,253

Net Assets

$7,657,460

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,000	13.7%
Interest Revenue	$2,597	1.2%
Dividends	$185,786	85.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$415,770	> 100%
Compensation of Officers*	$2,000	0.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,974,544
Total Liabilities	$317,084
Net Assets	$7,657,460

Compensation

Key Employees and Officers	Compensation	Other
Dr Sam Abram (Director)	$1,000	$0
Sara Shade (Director)	$1,000	$0
Patrick Botts (President)	$0	$0
Dave Heeter (Vice Preside)	$0	$0
Chris Cook (Treasurer)	$0	$0
Chris Caldwell (Secretary)	$0	$0
Jennifer Nye (Secretary)	$0	$0
R Donn Roberts (Chairman)	$0	$0
Linn Crull (Director)	$0	$0
Carol Seals (Director)	$0	$0

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990-PF

Filed on May 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$200,341

Expenses

$607,920

Net Income

-$407,579

Net Assets

$8,542,805

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,000	17.5%
Interest Revenue	$0
Dividends	$165,341	82.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$352,968	58.1%
Compensation of Officers*	$2,000	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,908,449
Total Liabilities	$365,644
Net Assets	$8,542,805

Compensation

Key Employees and Officers	Compensation	Other
Sam Abram (Director)	$1,000	$0
Sara Shade (Director)	$1,000	$0
Patrick Botts (President)	$0	$0
Christopher Cook (Treasurer)	$0	$0
David Heeter (Vice President)	$0	$0
Linn Crull (Director)	$0	$0
Carol Seals (Director)	$0	$0
Chris Caldwell (Secretary)	$0	$0
Ray Donn Roberts (Director)	$0	$0

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990-PF

Filed on Jan. 16, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2017

Revenue

$182,748

Expenses

$571,192

Net Income

-$388,444

Net Assets

$8,384,194

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	13.7%
Interest Revenue	$0
Dividends	$157,748	86.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$344,528	60.3%
Compensation of Officers*	$2,500	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,641,113
Total Liabilities	$256,919
Net Assets	$8,384,194

Compensation

Key Employees and Officers	Compensation	Other
Sam Abram (Director)	$1,000	$0
Sara Shade (Director)	$1,000	$0
Steve Selby (Director)	$500	$0
Patrick Botts (President)	$0	$0
Christopher Cook (Treasurer)	$0	$0
David Heeter (Vice President)	$0	$0
Linn Crull (Director)	$0	$0
Chris Caldwell (Secretary)	$0	$0
Ray Donn Roberts (Chairman)	$0	$0

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990-PF

Filed on May 7, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2015

Revenue

$186,387

Expenses

$256,000

Net Income

-$69,613

Net Assets

$5,966,376

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,000	40.2%
Interest Revenue	$0
Dividends	$111,387	59.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$355,676	> 100%
Compensation of Officers*	$750	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,155,610
Total Liabilities	$189,234
Net Assets	$5,966,376

Compensation

Key Employees and Officers	Compensation	Other
Sam Abram (Director)	$750	$0
Patrick Botts (President)	$0	$0
Christopher Cook (Treasurer)	$0	$0
David Heeter (Vice President)	$0	$0
Linn Crull (Director)	$0	$0
Richard Benson (Director)	$0	$0
Chris Caldwell (Secretary)	$0	$0
Ray Donn Roberts (Chairman)	$0	$0
Earl Williams (Director Partial Term)	$0	$0

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990-PF

Filed on March 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2014

Revenue

$105,834

Expenses

$245,814

Net Income

-$139,980

Net Assets

$5,163,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	23.6%
Interest Revenue	$0
Dividends	$80,834	76.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$225,609	91.8%
Compensation of Officers*	$1,250	0.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,404,130
Total Liabilities	$240,347
Net Assets	$5,163,783

Compensation

Key Employees and Officers	Compensation	Other
Sam Abram (Director)	$1,000	$0
Earl Williams (Director)	$250	$0
Patrick Botts (President)	$0	$0
Christopher Cook (Treasurer)	$0	$0
David Heeter (Vice President)	$0	$0
Linn Crull (Director)	$0	$0
Richard Benson (Director)	$0	$0
Chris Caldwell (Secretary)	$0	$0
Ray Donn Roberts (Chairman)	$0	$0

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990-PF

Filed on Jan. 22, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2013

Revenue

$112,572

Expenses

$121,712

Net Income

-$9,140

Net Assets

$4,175,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	22.2%
Interest Revenue	$0
Dividends	$87,572	77.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$193,784	> 100%
Compensation of Officers*	$1,500	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,406,560
Total Liabilities	$231,272
Net Assets	$4,175,288

990-PF

Filed on March 5, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2012

Revenue

$103,519

Expenses

$182,606

Net Income

-$79,087

Net Assets

$3,410,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	24.2%
Interest Revenue	$0
Dividends	$78,519	75.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$181,250	99.3%
Compensation of Officers*	$1,750	1.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,672,211
Total Liabilities	$261,375
Net Assets	$3,410,836

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$111,286

Expenses

$166,226

Net Income

-$54,940

Net Assets

$3,317,315

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	22.5%
Interest Revenue	$0
Dividends	$86,286	77.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$165,242	99.4%
Compensation of Officers*	$2,000	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,438,188
Total Liabilities	$120,873
Net Assets	$3,317,315

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Updated June 30, 2025

Mutual Federal Savings Bank Charitable Foundation Inc

Organization summary

Organization summary might be incomplete or out of date

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.79M (2022)

Expenses $7.65M (2022)

Total Assets $0 (2022)

Total Liabilities $0 (2022)

Tax Filings by Year

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2010

No Extracted Financial Data

Document Links

Revenue

$4.79M (2022)

Expenses

$7.65M (2022)

Total Assets

$0 (2022)

Total Liabilities

$0 (2022)

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002