The Growmark Foundation
- Assets
- $3.4m
- Revenue
- $2.1m
- Investments
- $2.9m
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 37-1401632
Organization Overview
The Growmark Foundation is located in Bloomington, IL. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Growmark 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, Growmark Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $926.9k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 4 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.
Since 2020, Growmark Foundation has awarded 316 individual grants totaling $1,687,783. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT ACTIVITIES
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 |
|---|---|---|---|
Wade Mittelstadt Director | 0 | $0 | |
Mark Orr Director | 0 | $0 | |
Barry Schmidt Director | 0 | $0 | |
Ann Kafer Director | 0 | $0 | |
Karmy Kays Director | 0 | $0 | |
Bradley Drake Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,001,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,784 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,062,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,980 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,108 |
| Total operating and administrative expenses | $118,315 |
| Contributions, gifts, grants paid | $808,597 |
| Total expenses and disbursements | $926,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,980 |
| Savings and temporary cash investments | $241,431 |
| 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 | $2,864,855 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,687 |
| Total assets | $3,358,953 |
| Accounts payable and accrued expenses | $2,500 |
| 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 | $2,500 |
Grants Awarded
Over the last fiscal year, The Growmark Foundation has awarded $808,597 in support to 162 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS PURPOSE: FOR SUPPORT OF AGRICULTURAL EDUCATION | $66,500 |
IAA FOUNDATION PURPOSE: FOR LIBRARY SUPPORT | $60,000 |
AGRICULTURE FUTURE OF AMERICA PURPOSE: FOR SUPPORT OF AGRICULTURAL EDUCATION | $55,000 |
MIDWEST FOOD BANK PURPOSE: FOR SUPPORT OF AVIATION EDUCATION | $40,600 |
UNIVERSITY OF MISSOURI PURPOSE: FOR SUPPORT OF AGRICULTURAL EDUCATION | $35,000 |
ILLINOIS FOUNDATION FFA PURPOSE: FOR SUPPORT OF FFA ACTIVITIES | $25,108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |