Gerald J & Mary R Van Severen Foundation
- Assets
- $1.6m
- Revenue
- $247.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Bettendorf, IA
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 36-7250640
Organization Overview
Gerald J & Mary R Van Severen Foundation is located in Bettendorf, IA. The organization was established in 2000. 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. Gerald J & Mary R Van Severen 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, Gerald J & Mary R Van Severen Foundation generated $247.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.7% each year . All expenses for the organization totaled $119.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gerald J & Mary R Van Severen Foundation has awarded 36 individual grants totaling $176,481. 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 |
|---|---|---|---|
Gerald J Van Severen Director Trustee | 2 | $0 | |
Mary R Van Severen Director Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $93,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $154,609 |
| Capital Gain Net Income | $154,609 |
| Net ST Capital Gain | $4,094 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $247,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $683 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,107 |
| Total operating and administrative expenses | $24,790 |
| Contributions, gifts, grants paid | $94,381 |
| Total expenses and disbursements | $119,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,378 |
| Savings and temporary cash investments | $50,306 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,622,138 |
| 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, Gerald J & Mary R Van Severen Foundation has awarded $94,381 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Davenport, IA PURPOSE: CHARITY | $25,000 |
Davenport, IA PURPOSE: CHARITY | $14,000 |
Davenport, IA PURPOSE: CHARITY | $7,500 |
HATTERAS ISLAND METHODIST MINISTRY PURPOSE: CHARITY | $5,000 |
HUMILITY HOME SERVICES PURPOSE: CHARITY | $5,000 |
PROJECT RENEWAL PURPOSE: CHARITY | $5,000 |
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 |