Virgil C Webb William Garber And Flora Webb Garber Foundation
- Assets
- $2.6m
- Revenue
- $131.8k
- Investments
- $658.5k
- Employees
- 0
- Location
- Bondurant, IA
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-1536903
Organization Overview
Virgil C Webb William Garber And Flora Webb Garber Foundation is located in Bondurant, IA. The organization was established in 2010. 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. Virgil C Webb William Garber And Flora Webb Garber 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 12/2021, Virgil C Webb William Garber And Flora Webb Garber Foundation generated $131.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $233.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Virgil C Webb William Garber And Flora Webb Garber Foundation has awarded 216 individual grants totaling $1,025,878. 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
THE FOUNDATION PROVIDES COLLEGE GENERAL OR MUSIC SCHOLARSHIPS TO STUDENTS OF FINANCIAL NEED IN THE BONDURANT-FARRAR COMMUNITY SCHOOL DISTRICT.
THE FOUNDATION PROVIDES MUSIC EDUCATION GRANTS FOR STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT.
THE FOUNDATION PPROVIDES GENERAL COMMUNITY DEVELOPMENT AWARDS FOR THE BONDURANT COMMUNITY.
THE FOUNDATION PROVIDES ANNUAL DISTRIBUTIONS TO THE ENDOWMENT FUND FOR THE BONDURANT CHRISTIAN CHRUCH.
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 |
|---|---|---|---|
Criss Vandehaar Sec/treas | 5 | $6,025 | |
Robert Brown President | 1 | $783 | |
Merri Cory Director | 1 | $225 | |
Jan Hall Director | 1 | $225 | |
Robin Mcnichols Director | 1 | $225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $878 |
| Dividends & Interest | $27,362 |
| Net Rental Income | $44,446 |
| Net Gain on Sale of Assets | $52,656 |
| Capital Gain Net Income | $52,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $547 |
| Total Revenue | $131,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,483 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,740 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $73 |
| Printing and publications | $0 |
| Other expenses | $9,268 |
| Total operating and administrative expenses | $19,464 |
| Contributions, gifts, grants paid | $213,785 |
| Total expenses and disbursements | $233,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,708 |
| Savings and temporary cash investments | $0 |
| 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 | $658,534 |
| Net Land, buildings, and equipment | $1,916,570 |
| Other assets | $0 |
| Total assets | $2,595,812 |
| 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, Virgil C Webb William Garber And Flora Webb Garber Foundation has awarded $213,785 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
Bondurant, IA PURPOSE: ENDOWMENT FUND CONTRIBUTION FOR THE USE BY THE CHURCH FOR FUTURE PROJECTS IN THE BONDURANT CHRISTIAN CHURCH. | $14,971 |
ALEXIS BEDIER PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $10,000 |
CARA FIGENSHAW PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $10,000 |
MARA MOELLER PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $10,000 |
KAITLYN TIDMAN PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $9,000 |
MADELYN HANSEN PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $8,971 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |