Willard E Borchers Family Charitable Foundation
- Assets
- $869.1k
- Revenue
- $70.7k
- Investments
- $802.2k
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 02-0641115
Organization Overview
Willard E Borchers Family Charitable Foundation is located in Hastings, NE. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willard E Borchers Family Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Willard E Borchers Family Charitable Foundation generated $70.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $56.6k during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Willard E Borchers Family Charitable Foundation has awarded 14 individual grants totaling $153,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 2 | $3,000 | |
Name Not Listed Secretary | 1.25 | $2,250 | |
Name Not Listed Director | 2 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $109 |
| Dividends & Interest | $62,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,811 |
| Capital Gain Net Income | $7,811 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,031 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,393 |
| Total operating and administrative expenses | $30,622 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $56,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,876 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $869,124 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,000 |
Grants Awarded
Over the last fiscal year, Willard E Borchers Family Charitable Foundation has awarded $26,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL NEBRASKA COMMUNITY COLLEGE PURPOSE: FUNDING SCHOLARSHIPS | $20,000 |
UNIVERSITY OF NEBRASKA- LINCOLN PURPOSE: FUNDING SCHOLARSHIPS | $6,000 |