Security State Bank Foundation

Hibbing, MN
Tax-exempt since June 2014
EIN: 41-1830282

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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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$27.2k (2024)

Expenses

$14.4k (2024)

Total Assets

$291k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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 Dec.
2024

Revenue

$27,179

Expenses

$14,417

Net Income

$12,762

Net Assets

$290,839

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,500	57.0%
Interest Revenue	$11,679	43.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,350	99.5%
Compensation of Officers*	$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	$290,839
Total Liabilities	$0
Net Assets	$290,839

Compensation

Key Employees and Officers	Compensation	Other
Karlee Persons (President)	$0	$0
Kim Thomas (Treasurer)	$0	$0
Mark Gardeski (Director)	$0	$0
Ej Hanson (Director)	$0	$0
Greg Hoag (Director)	$0	$0
Spencer Aune (Director)	$0	$0

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990-PF

Filed on May 9, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$29,825

Expenses

$14,664

Net Income

$15,161

Net Assets

$278,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	83.8%
Interest Revenue	$4,825	16.2%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,650	99.9%
Compensation of Officers*	$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	$278,077
Total Liabilities	$0
Net Assets	$278,077

Compensation

Key Employees and Officers	Compensation	Other
Karlee Persons (President)	$0	$0
Kim Thomas (Treasurer)	$0	$0
Shannon Plombon (Secretary)	$0	$0
Mark Gardeski (Director)	$0	$0
Ej Hanson (Director)	$0	$0
Chris Westin (Director)	$0	$0
Gary Oie (Director)	$0	$0

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990-PF

Filed on May 9, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$26,022

Expenses

$14,372

Net Income

$11,650

Net Assets

$262,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	96.1%
Interest Revenue	$1,022	3.9%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,350	99.8%
Compensation of Officers*	$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	$262,916
Total Liabilities	$0
Net Assets	$262,916

Compensation

Key Employees and Officers	Compensation	Other
Genica Munter (President)	$0	$0
Kim Thomas (Treasurer)	$0	$0
Shannon Plombon (Secretary)	$0	$0
Mark Gardeski (Director)	$0	$0
Ej Hanson (Director)	$0	$0
Chris Westin (Director)	$0	$0
Gary Oie (Director)	$0	$0

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990-PF

Filed on May 9, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$1,556

Expenses

$14,475

Net Income

-$12,919

Net Assets

$251,266

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,556	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,420	99.6%
Compensation of Officers*	$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	$251,266
Total Liabilities	$0
Net Assets	$251,266

Compensation

Key Employees and Officers	Compensation	Other
Genica Munter (President)	$0	$0
Kim Thomas (Treasurer)	$0	$0
Bre Kasola (Secretary)	$0	$0
Mark Gardeski (Director)	$0	$0
Greg Hoag (Director)	$0	$0
Chris Westin (Director)	$0	$0
Gary Oie (Director)	$0	$0

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990-PF

Filed on May 5, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$18,971

Expenses

$14,731

Net Income

$4,240

Net Assets

$264,184

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	79.1%
Interest Revenue	$3,971	20.9%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,700	99.8%
Compensation of Officers*	$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	$264,185
Total Liabilities	$1
Net Assets	$264,184

Compensation

Key Employees and Officers	Compensation	Other
Genica Munter (President)	$0	$0
Kim Thomas (Treasurer)	$0	$0
Bre Kasola (Secretary)	$0	$0
Mark Gardeski (Director)	$0	$0
Greg Hoag (Director)	$0	$0
Chris Westin (Director)	$0	$0
Gary Oie (Director)	$0	$0

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990-PF

Filed on May 6, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$28,071

Expenses

$14,359

Net Income

$13,712

Net Assets

$259,944

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	89.1%
Interest Revenue	$3,071	10.9%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,350	99.9%
Compensation of Officers*	$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	$259,945
Total Liabilities	$1
Net Assets	$259,944

Compensation

Key Employees and Officers	Compensation	Other
Genica Munter (President)	$0	$0
Kim Thomas (Treasurer)	$0	$0
Ashley Adams (Secretary)	$0	$0
Mark Gardeski (Director)	$0	$0
Taylor Slattery (Director)	$0	$0
Chris Westin (Director)	$0	$0
Gary Oie (Director)	$0	$0

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990-PF

Filed on May 1, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$937

Expenses

$14,332

Net Income

-$13,395

Net Assets

$246,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$937	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,325	100.0%
Compensation of Officers*	$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	$246,233
Total Liabilities	$0
Net Assets	$246,233

Compensation

Key Employees and Officers	Compensation	Other
Merrilu Del Caro (President)	$0	$0
Debbie Lokken (Treasurer)	$0	$0
Ashley Adams (Secretary)	$0	$0
Mark Gardeski (Director)	$0	$0
Jill Klapatch (Director)	$0	$0
Chris Westin (Director)	$0	$0
Gary Oie (Director)	$0	$0

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990-PF

Filed on April 25, 2019

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

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$703

Expenses

$14,337

Net Income

-$13,634

Net Assets

$259,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$703	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,325	99.9%
Compensation of Officers*	$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	$259,628
Total Liabilities	$0
Net Assets	$259,628

Compensation

Key Employees and Officers	Compensation	Other
Merrilu Delcaro (Director)	$0	$0
Debbie Lokken (Director)	$0	$0
Dorothy Bjelland (Secretary)	$0	$0
Mark Gardeski (Director)	$0	$0
Mary Jivery (Treasurer)	$0	$0
Greg Hoag (President)	$0	$0
Shannon Plombon (Director)	$0	$0

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990-PF

Filed on May 3, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$16,156

Expenses

$15,454

Net Income

$702

Net Assets

$273,262

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	92.8%
Interest Revenue	$1,156	7.2%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,425	99.8%
Compensation of Officers*	$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	$273,262
Total Liabilities	$0
Net Assets	$273,262

Compensation

Key Employees and Officers	Compensation	Other
Genica Munter (President)	$0	$0
Breanna Long (Director)	$0	$0
Dorothy Bjelland (Secretary)	$0	$0
Mark Gardeski (Director)	$0	$0
Mary Jivery (Treasurer)	$0	$0
Greg Hoag (Director)	$0	$0
Shannon Plombon (Director)	$0	$0

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990-PF

Filed on May 11, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$1,465

Expenses

$14,437

Net Income

-$12,972

Net Assets

$272,560

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,465	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,425	99.9%
Compensation of Officers*	$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	$272,560
Total Liabilities	$0
Net Assets	$272,560

Compensation

Key Employees and Officers	Compensation	Other
Eric Carlson (President)	$0	$0
Breanna Long (Treasurer)	$0	$0
Sandie Degnan (Secretary)	$0	$0
Shannon Plombon (Director)	$0	$0
Vernon Larson (Director)	$0	$0
Mary Jivery (Director)	$0	$0
Mark Gardeski (Director)	$0	$0

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990-PF

Filed on May 10, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$26,211

Expenses

$15,992

Net Income

$10,219

Net Assets

$285,532

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	95.4%
Interest Revenue	$1,211	4.6%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,963	99.8%
Compensation of Officers*	$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	$285,532
Total Liabilities	$0
Net Assets	$285,532

Compensation

Key Employees and Officers	Compensation	Other
Aaron Clusiau (President)	$0	$0
Sally Gaige (Treasurer)	$0	$0
Sandie Degnan (Secretary)	$0	$0
Eric Carlson (Director)	$0	$0
Vernon Larson (Director)	$0	$0
Breanna Long (Director)	$0	$0
Mark Gardeski (Director)	$0	$0

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990-PF

Filed on April 28, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$1,457

Expenses

$11,813

Net Income

-$10,356

Net Assets

$275,313

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,457	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,775	99.7%
Compensation of Officers*	$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	$275,313
Total Liabilities	$0
Net Assets	$275,313

Compensation

Key Employees and Officers	Compensation	Other
Aaron Clusiau (President)	$0	$0
Sally Gaige (Treasurer)	$0	$0
Renee Riley (Secretary)	$0	$0
Dawn Northagen (Director)	$0	$0
Vernon Larson (Director)	$0	$0
Sandie Degnan (Director)	$0	$0
Mark Gardeski (Director)	$0	$0

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990-PF

Filed on May 5, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$3,839

Expenses

$17,328

Net Income

-$13,489

Net Assets

$285,668

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,839	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,275	99.7%
Compensation of Officers*	$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	$285,669
Total Liabilities	$1
Net Assets	$285,668

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$5,302

Expenses

$15,809

Net Income

-$10,507

Net Assets

$299,157

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,302	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,692	99.3%
Compensation of Officers*	$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	$299,158
Total Liabilities	$1
Net Assets	$299,157

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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Types of Nonprofits

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Security State Bank Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $27.2k (2024)

Expenses $14.4k (2024)

Total Assets $291k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$27.2k (2024)

Expenses

$14.4k (2024)

Total Assets

$291k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001