Louise K Barth Memorial Fund
- Assets
- $1.8m
- Revenue
- $227.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Alton, IL
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 37-6079725
Organization Overview
Louise K Barth Memorial Fund is located in Alton, IL. The organization was established in 0000. 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.
For the year ending 12/2022, Louise K Barth Memorial Fund generated $227.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $161.3k during the year ending 12/2022. While expenses have increased by 4.6% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALTON FOUNDATIONPO BOX 2393ALTON, IL 62002
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kratschmer Chairman | 2 | $0 | |
Pat Heitzig Vice Chairman | 1 | $0 | |
Dr John Hoelscher Director | 1 | $0 | |
Gary Osborne Secretary | 1 | $0 | |
Jason Harrison Director | 1 | $0 | |
Emert Wyss Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,870 |
| Dividends & Interest | $59,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,850 |
| Capital Gain Net Income | $160,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $227,627 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,893 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $20,391 |
| Contributions, gifts, grants paid | $140,921 |
| Total expenses and disbursements | $161,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,381 |
| 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 | $1,807,093 |
| 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, Louise K Barth Memorial Fund has awarded $140,921 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ALTON FOUNDATION PURPOSE: 1% ADMIN FEE PAID TO ALTON FOUNDATION | $1,550 |
THE ALTON FOUNDATION PURPOSE: L K BARTH FUNDS THE ALTON FOUNDATION AND ALTON FOUNDATION FUNDS THE VARIOUS LOCAL 501(C)(3) CHARITIES SPECIFIED IN THE BARTH'S LAST WILL AND TESTAMENT. SEE ATTACHED GENERAL EXPLANATION STMT 13 FROM AUDITED FINANCIAL STATEMENTS. | $139,371 |