The Claude W And Dolly Ahrens Foundation Corporation
- Assets
- $7.3m
- Revenue
- $632.8k
- Investments
- $7.3m
- Employees
- 0
- Location
- Grinnell, IA
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 39-1906775
Organization Overview
The Claude W And Dolly Ahrens Foundation Corporation is located in Grinnell, IA. The organization was established in 1997. 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. Claude W And Dolly Ahrens Foundation Corporation 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 06/2022, Claude W And Dolly Ahrens Foundation Corporation generated $632.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Claude W And Dolly Ahrens Foundation Corporation has awarded 15 individual grants totaling $927,955. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SUPPORT SERVICES - PROVIDE BACK OFFICE SERVICES, INCLUDING ACCOUNTING, HUMAN RESOURCES, DONOR ACKNOLWEDGEMENT AND MANAGEMENT, AND GENERAL SERVICES TO HELP LOCAL NONPORIFTS BUILD CAPACITY AND PROMOTE COLLABORATION.
JPK - PROVIDE FUNDING THROUGH A MENTAL HEALTH CONSORTIUM FOR FINANCIALLY INSECURE INDIVUDALS TO OBTAIN THERAPY AS NEEDED. OVER 180 PATIENTS WERE HELPED WITH FUNDING OF THERAPY AND OTHER NEEDS.
TIGER PACKS - PROVIDE WEEKLY FOOD ITEMS TO FOOD INSECURE STUDENTS WITHIN THE COMMPUNITY. OVER 230 KIDS SERVED EACH WEEK, PLUS FOOD PROVIDED TO MIDDLE SCHOOL AND HIGH SCHOOL.
IMAGINE GRINNELL - CREATES A VIBRANT, SUSTAINABLE, AND HEALTHY COMMUNITY THROUGH VARIOUS PROGRAMS INCLUDING GIVING GARDENS, TREE PLANTING, PLATE TO PLANT, AND MANY OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Ahrens Vice President | 2 | $0 | |
David Clay Inevstment Chair, Director | 10 | $0 | |
Susan Witt Director | 2 | $0 | |
Julie Gosselink President & CEO | 50 | $197,578 | |
Shannon Fitzgerald Treasurer, Secretary, & CFO | 50 | $155,768 | |
Michelle Gruhn Accounting Manager | 45 | $76,102 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $348,316 |
| Interest on Savings | $10 |
| Dividends & Interest | $78,890 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $703,133 |
| Net ST Capital Gain | $61,436 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $205,631 |
| Total Revenue | $632,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $353,346 |
| Other employee salaries and wages | $377,927 |
| Pension plans, employee benefits | $55,080 |
| Interest | $0 |
| Taxes | $46,940 |
| Depreciation | $0 |
| Occupancy | $66,283 |
| Travel, conferences, and meetings | $13,090 |
| Printing and publications | $10,962 |
| Other expenses | $479,072 |
| Total operating and administrative expenses | $1,541,492 |
| Contributions, gifts, grants paid | $548,810 |
| Total expenses and disbursements | $2,090,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$56,087 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,019 |
| 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 | $150,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,263,332 |
| Accounts payable and accrued expenses | $47,035 |
| Grants payable | $41,750 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $384,000 |
| Total liabilities | $472,785 |
Grants Awarded
Over the last fiscal year, The Claude W And Dolly Ahrens Foundation Corporation has awarded $516,310 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MICRO GRANTS PURPOSE: PROGRAMMING | $1,965 |
GREATER POWESHIEK COMMUNITY FOUNDATION PURPOSE: PROGRAMMING, EARLY CHILDHOOD, EDUCAITON | $2,500 |
GRINNELL COMMUNITY EARL LEARNING CE PURPOSE: AFTER SCHOOL/SUMMER PROGRAMS | $2,500 |
AHRENS PARK FOUNDATION PURPOSE: OPERATING FUNDS, CAPITAL PURCHASES | $484,790 |
GYBSA PURPOSE: YOUTH BASEBALL/SOFTBALL PROGRAMMING | $6,360 |
GRINNELL-NEWBURG SCHOOL DISTRICT PURPOSE: LIBTYFI | $5,000 |