Babsons Midwest Memorial Foundation Inc
- Assets
- $2.7m
- Revenue
- $200.7k
- Investments
- $2.6m
- Employees
- 0
- Location
- Eureka, KS
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 23-7086922
Organization Overview
Babsons Midwest Memorial Foundation Inc is located in Eureka, KS. The organization was established in 1970. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Babsons Midwest Memorial Foundation Inc 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 12/2021, Babsons Midwest Memorial Foundation Inc generated $200.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $291.5k during the year ending 12/2021. While expenses have increased by 9.5% 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 2015, Babsons Midwest Memorial Foundation Inc has awarded 312 individual grants totaling $1,137,625. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP PAYMENTS TO 38 GREENWOOD COUNTY, KANSAS HIGH SCHOOL GRADUATES TO THEIR HIGHER EDUCATION INSTITUTE AS PARTIAL TUITION PAYMENT.
PROVIDE FUNDING TO GREENWOOD COUNTY SHERRIFFS OFFICE FOR KIDS BENEFITS
DONATION TO KANSAS HIGH SCHOOL RODEO ASSOCIATION IN MEMORY OF A PAST SCHOLAR
PROVIDE FUNDING TO EUREKA SCHOOL DISTRICTS FOR HIGH Q AND VOCATIONAL MATERIALS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Spore Treasurer | 1 | $0 | |
Karen Engle Trustee | 0.5 | $0 | |
Diltz Lindamood Trustee | 0.5 | $0 | |
Michael D Mcclintick Trustee | 0.5 | $0 | |
Troy Richardson President | 1 | $0 | |
Linda Hendrickson V. Pres. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,125 |
| Interest on Savings | $1,974 |
| Dividends & Interest | $66,340 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $185,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $126,276 |
| Total Revenue | $200,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,980 |
| Total operating and administrative expenses | $13,619 |
| Contributions, gifts, grants paid | $277,850 |
| Total expenses and disbursements | $291,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,851 |
| Savings and temporary cash investments | $96,724 |
| 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 | $2,713,247 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $339,775 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | -$591,738 |
| Total liabilities | -$251,963 |
Grants Awarded
Over the last fiscal year, Babsons Midwest Memorial Foundation Inc has awarded $277,850 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AMANDA MOUER PURPOSE: SCHOLARSHIP | $20,000 |
PAIGE KNIGHT PURPOSE: SCHOLARSHIP | $20,000 |
HAYDEN MEAD PURPOSE: SCHOLARSHIP | $20,000 |
KYNZIE HUDDLESTON PURPOSE: SCHOLARSHIP | $20,000 |
AVA PERRIER PURPOSE: SCHOLARSHIP | $20,000 |
MCKENNA RICHARDSON PURPOSE: SCHOLARSHIP | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
Centene Charitable Foundation St Louis, MO | $259,102,242 | $5,821,965 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |