American Rental Association Foundation
- Assets
- $1.5m
- Revenue
- $323.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Moline, IL
- Founding
- 03/1977
- Data as of
- 12/2023
- EIN
- 36-2897310
Organization Overview
American Rental Association Foundation is located in Moline, IL. The organization was established in 1977. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Rental Association 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 12/2023, American Rental Association Foundation generated $323.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $382.4k during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND IMPLEMENT PROGRAMS THAT CREATE EDUCATIONAL OPPORTUNITIES, BUILD RELATIONSHIPS AND AID THE RENTAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM - OFFER SCHOLARSHIPS TO INDIVIDUALS ASSOCIATED WITH THE RENTAL BUSINESS. MARKET AND DISPERSE APPLICATIONS, COLLECT AND EVALUATE APPLICATIONS AND AWARD THE SCHOLARSHIPS.
COMMUNITY IMPACT PROGRAM-IN PARTNERSHIP WITH TORO COMPANY FOUNDATION, THE COMMUNITY IMPACT PROGRAM GIVES BACK TO COMMUNITIES ACROSS THE COUNTRY THROUGH VARIOUS RENTAL-RELATED PROJECTS.
DISASTER RELIEF PROGRAM - THIS PROGRAM PROVIDES ASSISTANCE TO RENTAL STORES THAT HAVE SUSTAINED A NATURAL DISASTER.
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 |
|---|---|---|---|
Tony Wright Trustee-At-Large | Trustee | 2 | $0 |
Scott Irwin Trustee/ara Board Chair | Trustee | 2 | $0 |
Elizabeth Davis Trustee-At-Large | Trustee | 2 | $0 |
Stacy Irons Trustee-At-Large | Trustee | 2 | $0 |
David Andrews Trustee-At-Large | Trustee | 2 | $0 |
Tony Conant Trustee/ara CEO | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,650 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,300 |
| Noncash contributions included in lines 1a–1f | $85,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,950 |
| Total Program Service Revenue | $0 |
| Investment income | $50,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $120,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $767 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,463 |
| Office expenses | $9,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,535 |
| Total functional expenses | $382,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,429 |
| Savings and temporary cash investments | $27,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,368,023 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,125 |
| Total assets | $1,476,083 |
| Accounts payable and accrued expenses | $15,433 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,433 |
| Net assets without donor restrictions | $1,258,263 |
| Net assets with donor restrictions | $202,387 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,476,083 |