CITIZENS COMMUNITY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CITIZENS COMMUNITY FOUNDATION INC (EIN 20-3537437)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-03
IRS object ID
202522769349101102
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-03T10:13:12-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN731706347PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RANDALL D TURPIN CPA PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 PARKERS MILL ROADAddressLine1Txt
CitySOMERSETCityNm
State AbbreviationKYStateAbbreviationCd
ZIP42501ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203537437EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Citizens Community Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCITIBusinessNameControlTxt
Phone6066786601PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 N Maple StreetAddressLine1Txt
CitySomersetCityNm
State AbbreviationKYStateAbbreviationCd
ZIP42501ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHarris Z Rakestraw IIIPersonNm
Person TitleVice PresidentPersonTitleTxt
Signature2025-10-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRandall D TurpinPreparerPersonNm
PTINP00631164PTIN
Phone6064511550PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$15,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$154InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$154InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$154InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$8,072DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,072DividendsNetInvstIncmAmt
Dividends Adj Net Incm$8,072DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$4,538NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$69,885GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,538CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$27,764TotalRevAndExpnssAmt
Total Net Invst Incm$12,764TotalNetInvstIncmAmt
Total Adj Net Incm$8,226TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$385AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$215TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$2,300OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,900TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$27,900TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$136ExcessRevenueOverExpensesAmt
Net Investment Income$12,764NetInvestmentIncomeAmt
Adjusted Net Income$8,226AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,165CashBOYAmt
Cash EOY$160CashEOYAmt
Sav And Temp Cash Invst BOY$344,206SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$343,901SavAndTempCashInvstEOYAmt
Total Assets BOY$346,371TotalAssetsBOYAmt
Total Assets EOY$344,061TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$346,371NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$344,061NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$346,371TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$344,061TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$346,371TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$344,061TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$346,371TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$136ExcessRevenueOverExpensesAmt
Subtotal$346,235SubtotalAmt
Other Decreases$2,174OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$344,061TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyRaymond James Acct 133JJ384PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2021-11-26AcquiredDt
Sold2024-01-30SoldDt
Gross Sales Price$69,885GrossSalesPriceAmt
Cost Or Other Basis$65,347CostOrOtherBasisAmt
Gain Or Loss$4,538GainOrLossAmt
Gains Minus Excess Or Losses$4,538GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$4,538CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$177InvestmentIncomeExciseTaxAmt
Subtotal$177SubtotalAmt
Tax Based On Investment Income$177TaxBasedOnInvestmentIncomeAmt
Tax Due$177TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Citizens National Bank TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6066786601PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1101 N Maple StreetAddressLine1Txt
CitySomersetCityNm
State AbbreviationKYStateAbbreviationCd
ZIP42501ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Donald Bloomer
44 Public SquareSomersetKY42501President0.00$0
Harris Z Rakestraw III
44 Public SquareSomersetKY42501Vice President0.00$0
Stephen D Merrick
44 Public SquareSomersetKY42501Secretary0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$177TaxBasedOnInvestmentIncomeAmt
Total Tax$177TotalTaxAmt
Distributable Before Adj$177DistributableBeforeAdjAmt
Distributable Before Ded$177DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,000ExpensesAndContributionsAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,901ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$16,589ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$3,225ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$8,395ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$32,110TotalExcessDistributionCyovAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$25,000RemainingDistriFromCorpusAmt
Total Corpus$57,110TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$3,901ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$53,209ExcessDistriCyovToNextYrAmt
Excess From Year3$16,589ExcessFromYear3Amt
Excess From Year2$3,225ExcessFromYear2Amt
Excess From Year1$8,395ExcessFromYear1Amt
Excess From Current Year$25,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
God's Food Pantry
119 S Central AvenueSomersetKY42501PCDonee's general purpose$2,000
Pulaski County Humane Society
179 Chris WaySomersetKY42501PCDonee's general purpose$3,000
Project 5810
PO Box 276SomersetKY42502PCDonee's general purpose$3,000
Somerset Community College Foundati
808 Monticello StreetSomersetKY42501PCDonee's general purpose$3,000
Somerset Christian School
815 Grand Central BlvdSomersetKY42501PCDonee's general purpose$3,000
Hospice of Lake Cumberland
100 Parkway DriveSomersetKY42503PCDonee's general purpose$3,000
AIM Pregnancy Center
111 S Church StreetSomersetKY42501PCDonee's general purpose$2,000
SCC Share Care
808 Monticello StreetSomersetKY42501PCDonee's general purpose$2,000
The Center Rogers Scholars
808 Monticello StreetSomersetKY42501PCDonee's general purpose.$2,000
NIght to Shine-Tim Tebow Foundation
12735 Gran Bay Parkway Ste 130-AJacksonvilleFL32258PCDonee's general purpose.$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$154RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$8,072RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$4,538RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,764RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,764TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonCitizen's National BankContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line144 Public SquareAddressLine1Txt
CitySomersetCityNm
State AbbreviationKYStateAbbreviationCd
ZIP42501ZIPCd
FieldValueIRS element (for citing)
Total Contributions$15,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$385Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCorrection to beginning cash/net assetsDesc
Amt$2,174Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Fiduciary Fees$2,275
State Filing Fee$25

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category2022 Federal TaxesCategoryTxt
Amt$215Amt

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