Clarence E Custer And Inez R Custer Foundation Inc
- Assets
- $5.1m
- Revenue
- $296.4k
- Investments
- $4.3m
- Employees
- 0
- Location
- Columbus, IN
- Founding
- 07/1985
- Data as of
- 12/2023
- EIN
- 31-1130385
Organization Overview
Clarence E Custer And Inez R Custer Foundation Inc is located in Columbus, IN. The organization was established in 1985. 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. Clarence E Custer And Inez R Custer 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 12/2023, Clarence E Custer And Inez R Custer Foundation Inc generated $296.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $465.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Clarence E Custer And Inez R Custer Foundation Inc has awarded 306 individual grants totaling $2,450,115. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT SUPPORT TO VARIOUS ORGANIZED CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Bradley Director | 0 | $650 | |
Steve Carothers Director | 0 | $650 | |
William Helmbrecht President/treasurer | 0 | $325 | |
James Holland Secretary | 0 | $650 | |
Richard H Weaver Director | 0 | $650 | |
Sam Pentzer Vice President | 0 | $650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,347 |
| Dividends & Interest | $124,926 |
| Net Rental Income | $78,610 |
| Net Gain on Sale of Assets | $73,780 |
| Capital Gain Net Income | $73,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,365 |
| Total Revenue | $296,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,225 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $78 |
| Printing and publications | $0 |
| Other expenses | $3,390 |
| Total operating and administrative expenses | $67,878 |
| Contributions, gifts, grants paid | $397,300 |
| Total expenses and disbursements | $465,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,220 |
| Savings and temporary cash investments | $201,014 |
| 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 | $535,750 |
| Other assets | $0 |
| Total assets | $5,077,781 |
| 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, Clarence E Custer And Inez R Custer Foundation Inc has awarded $397,300 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
CASA PURPOSE: CHARITABLE PURPOSES | $11,000 |
ALZHEIMER'S ASSOCIATION OF GREATER IND PURPOSE: CHARITABLE PURPOSES | $13,000 |
COLUMBUS FIREMEN'S CHEER FUND PURPOSE: CHARITABLE PURPOSES | $3,500 |
COLUMBUS ARE ARTS COUNCIL PURPOSE: UNRESTRICTED | $7,000 |
CHAIN BREAKER MINISTRIES PURPOSE: CHARITABLE PURPOSES | $11,000 |
SANS SOUCI PURPOSE: CHARITABLE PURPOSES | $2,000 |