Heartland Bank Community Foundation

The Heartland Bank Community Foundation is a U.S. nonprofit organization operating under the EIN 843105476. It is primarily focused on supporting community impact programs by making contributions to exempt organizations.

Mission

The mission of the Heartland Bank Community Foundation involves contributing to nonprofit organizations to fund widespread community impact programs and projects, thereby enhancing the lives of people within the communities it serves.

Financial Overview

In recent years, the foundation has demonstrated significant growth in its financial capabilities. For instance, in the fiscal year ending December 2023, it reported a revenue of $205,000 and expenses totaling $83,300. The foundation's total assets reached $469,000, while liabilities were minimal at $2,000[1]. Contributions constitute the primary source of revenue, highlighting the reliance on donations for its operational activities[1].

Grants and Activities

In 2023, the Heartland Bank Community Foundation provided $72,500 in grants, reflecting its commitment to supporting local initiatives[5]. The focus on community support aligns with its mission to facilitate impactful projects across various sectors.

Governance and Compensation

Key officers of the foundation, including the president and treasurer, do not receive compensation for their roles, reflecting a volunteer-driven leadership structure[1].

The Heartland Bank Community Foundation operates as a tax-exempt entity under the U.S. Internal Revenue Code and is classified as a public charity. Its activities are aimed at fostering a lasting impact on community development through strategic financial support.