Michael L And Margie A Bennett Foundation
- Assets
- $443.9k
- Revenue
- $510.1k
- Investments
- $438.3k
- Employees
- 0
- Location
- Sioux City, IA
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 27-3630915
Organization Overview
Michael L And Margie A Bennett Foundation is located in Sioux City, IA. The organization was established in 2013. 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. Michael L And Margie A Bennett 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, Michael L And Margie A Bennett Foundation generated $510.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $625.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael L And Margie A Bennett Foundation has awarded 90 individual grants totaling $3,723,510. 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 |
|---|---|---|---|
Michael L Bennett Chairperson | 2 | $0 | |
Margie Bennett Vice Chairperson | 2 | $0 | |
Mary Weaver Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $504,587 |
| Interest on Savings | $635 |
| Dividends & Interest | $11,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,425 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $510,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,080 |
| Total operating and administrative expenses | $10,829 |
| Contributions, gifts, grants paid | $615,011 |
| Total expenses and disbursements | $625,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,359 |
| 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 | $438,280 |
| Net Land, buildings, and equipment | $250 |
| Other assets | $0 |
| Total assets | $443,889 |
| 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, Michael L And Margie A Bennett Foundation has awarded $615,011 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP HEELAN CATHOLIC SCHOOLS PURPOSE: ASSISTANCE TO EDUCATIONAL ACTIVITIES | $20,000 |
BRIAR CLIFF UNIVERSITY PURPOSE: ASSISTANCE TO EDUCATIONAL ACTIVITIES | $25,000 |
CAMP HIGH HOPES PURPOSE: ASSISTANCE TO COMMUNITY ACTIVITIES | $50,000 |
HISTORIC ARNOLD'S PARK PURPOSE: ASSISTANCE TO COMMUNITY ACTIVITIES | $75,000 |
MORNINGSIDE COLLEGE PURPOSE: ASSISTANCE TO EDUCATIONAL ACTIVITIES | $76,011 |
NEBRASKA GREATS FOUNDATION PURPOSE: ASSISTANCE TO COMMUNITY ACTIVITIES | $15,000 |