Merchants Bonding Company Foundation
- Assets
- $987.0k
- Revenue
- $291.9k
- Investments
- $635.0k
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-3035459
Organization Overview
Merchants Bonding Company Foundation is located in West Des Moines, IA. The organization was established in 2009. 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. Merchants Bonding Company 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, Merchants Bonding Company Foundation generated $291.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $233.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Merchants Bonding Company Foundation has awarded 310 individual grants totaling $1,323,201. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Taylor President | 0 | $0 | |
William Warner Jr Sr. Vice President & Secretary | 0 | $0 | |
Therese Wielage Vice President | 0 | $0 | |
Don Blum Treasurer | 0 | $0 | |
Melissa Warner Director | 0 | $0 | |
Janet Taylor Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $266,113 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,112 |
| Capital Gain Net Income | $10,112 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $291,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,490 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,572 |
| Total operating and administrative expenses | $6,924 |
| Contributions, gifts, grants paid | $226,030 |
| Total expenses and disbursements | $232,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $351,922 |
| 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 | $635,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $986,959 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Merchants Bonding Company Foundation has awarded $226,030 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: TO ELIMINATE ALZHEIMERS DISEASE THROUGH THE ADVANCEMENT OF RESEARCH, TO ENHANCE CARE AND SUPPORT FOR ALL AFFECTED, AND TO REDUCE THE RISK OF DEMENTIA THROUGH THE PROMOTION OF BRAIN HEALTH. | $100 |
SUSAN G KOMEN PURPOSE: SAVE LIVES AND END BREAST CANCER BY EMPOWERING PEOPLE, ENSURING QUALITY CARE FOR ALL AND ENERGIZING SCIENCE TO FIND THE CURES | $50 |
FEEDING MY STARVING CHILDREN PURPOSE: FEEDING CHILDREN | $100 |
HUMANE SOCIETY OF SCOTT COUNTY PURPOSE: TO PROVIDE HUMANE CARE FOR LOST AND ABANDONED PETS IN SCOTT COUNTY. | $100 |
AMERICAN CANCER SOCIETY PURPOSE: PROGRAM SUPPORT | $100 |
MID-IOWA COUNCIL - BOY SCOUTS OF AMERICA PURPOSE: TO PROVIDE A PROGRAM FOR BOYS AND YOUNG ADULTS TO BUILD CHARACTER, TO TRAIN IN THE RESPONSIBLITIES OF CITIZENSHIP, AND TO DEVELOP MENTAL AND PHYSICAL FITNESS - MAKING A DIFFERENCE IN THE LIVES OF BOYS AGED 7 THROUGH 20. | $100 |