Virgil C Webb William Garber And Flora Webb Garber Foundation
- Assets
- $2.3m
- Revenue
- $102.3k
- Investments
- $346.1k
- Employees
- 0
- Location
- Bondurant, IA
- Founding
- 04/2010
- Data as of
- 12/2022
- 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 12/2022, Virgil C Webb William Garber And Flora Webb Garber Foundation generated $102.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $201.0k during the year ending 12/2022. 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 293 individual grants totaling $1,417,874. 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Brown President | 1 | $1,271 | |
Criss Vandehaar Sec/treas | 5 | $8,088 | |
Jan Hall Director | 1 | $225 | |
Merri Cory Director | 1 | $300 | |
Robin Mcnichols Director | 1 | $300 | |
Carl Sprague Director | 1 | $75 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $876 |
| Dividends & Interest | $23,870 |
| Net Rental Income | $55,733 |
| Net Gain on Sale of Assets | $15,753 |
| Capital Gain Net Income | $15,753 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,259 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $108 |
| Printing and publications | $0 |
| Other expenses | $10,128 |
| Total operating and administrative expenses | $23,986 |
| Contributions, gifts, grants paid | $176,972 |
| Total expenses and disbursements | $200,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,421 |
| 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 | $346,149 |
| Net Land, buildings, and equipment | $1,916,570 |
| Other assets | $0 |
| Total assets | $2,343,140 |
| 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 $176,972 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
BONDURANT CHRISTIAN CHRUCH PURPOSE: ENDOWMENT FUND CONTRIBUTION FOR THE USE BY THE CHURCH FOR FUTURE PROJECTS IN THE BONDURANT CHRISTIAN CHURCH. | $14,535 |
BONDURANT CHRISTIAN CHURCH PURPOSE: ENDOWMENT FUND CONTRIBUTION FOR THE USE BY THE CHURCH FOR FUTURE PROJECTS IN THE BONDURANT CHRISTIAN CHURCH. | $465 |
FAITH CARLSON PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $5,750 |
BRANDEN MILLER PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $7,500 |
VYCTORIA CARROLL PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $3,600 |
OWEN DONNELLY PURPOSE: TO PROVIDE COLLEGE SCHOLARSHIPS TO NEEDY STUDENTS IN THE BONDURANT-FARRAR SCHOOL DISTRICT | $5,750 |