Mission
TO PROVIDE FOR STUDENT LOANS, SCHOLARSHIPS AND GRANTS FOR INDIVIDUALS ATTENDING MORNINGSIDE COLLEGE, BUENA VISTA UNIVERSITY AND CORNELL COLLEGE.
Public Charity
MABEL E SHERMAN EDUCATIONAL FUND C/O CITIZENS FIRST NATIONAL BANK
MABEL E SHERMAN EDUCATIONAL FUND C/O CITIZENS FIRST NATIONAL BANK is a private foundation categorized as Public Charity based in STORM LAKE, IA. Its most recent IRS filing (2026) reports revenue of $447K, expenses of $262K, total assets of $8.1M. Imperigo tracks 18 reported grants from this foundation totaling approximately $886K.
EIN: 426278859
STORM LAKE, IA
Education N.E.C.
NTEE: B99
Latest filing: 2026
Total Revenue$447K
Total Expenses$262K
Total Assets$8.1M
Grants Given18
Grant Total$886K
Filing Years2022–2026
Where $100 goes at Mabel E Sherman Educational Fund C/O Citizens First National Bank
How Mabel E Sherman Educational Fund C/O Citizens First National Bank divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$74
Programs
the work itself
$26
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $74 for programs
$74
Distributed funds to morningside college, buena vista university and cornell college for advancement of student loans
Source: Form 990 filings with the IRS, latest fiscal year 2026. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
STUDENT LOANS
$80,827
STUDENT LOANS
$80,827
STUDENT LOANS
$40,414
STUDENT LOANS
$55,863
STUDENT LOANS
$55,863
Showing up to 5 of 18 total records — full history available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2026 | $447K | $262K | $8.1M |
| 2025 | $365K | $192K | $8.0M |
| 2024 | $304K | $219K | $7.8M |
| 2023 | $329K | $196K | $7.7M |
| 2022 | $339K | $161K | $7.6M |
Between 2022 and 2026, reported annual revenue grew from $339K to $447K (+32%), with total assets most recently reported at $8.1M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in IA.
IA
Full geographic grant map with state-by-state breakdown available with membership.