Mutualbank Charitable Foundation
MUNCIE, IN EIN: 35-2064221
Financial Overview
From 2022 IRS Form 990-PF
Total Assets
—
-100.0% YoY
Annual Giving
$7.7M
+2571.5% YoY
Grant Count
22
-18.5% YoY
Avg Grant Size
$352K
+3178.6% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $7,688,333 | $5,957,131 |
| Revenue | $4,786,035 | $386,994 | $283,369 |
| Expenses | $7,650,739 | $378,624 | $274,095 |
| Qualifying Distributions | $7,757,131 | — | — |
| Net Investment Income | $287,432 | $382,409 | $228,945 |
| Distributable Amount | $370,925 | $340,758 | $370,368 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2022
Grant Size Distribution
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Mutualbank Charitable Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVE HEETER | PRESIDENT | 1 | — |
| CHRISTOPHER COOK | VICE PRES/TR | 1 | — |
| MELISSA GREER | SECRETARY | 1 | — |
| R DONN ROBERTS | CHAIRMAN | 1 | — |
| LINN CRULL | DIRECTOR | 1 | — |
| SARA SHADE HAMILTON | DIRECTOR | 1 | $1,000 |
| CAROL SEALS | DIRECTOR | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Indiana $8.4M (100%)
States
Cities
AlbanyBloomingtonElkhartFort WayneFranklinIndianapolisMarionMishawakaMuncieNorth WebsterSouth BendWabashWarsawWinchester
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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