The Claude W And Dolly Ahrens Foundation Corporation
- Assets
- $7.6m
- Revenue
- $907.5k
- Investments
- $7.6m
- Employees
- 0
- Location
- Grinnell, IA
- Founding
- 10/1997
- Data as of
- 06/2021
- 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 06/2021, Claude W And Dolly Ahrens Foundation Corporation generated $907.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 74.8% each year . All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 27.5% per year over the past 3 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
2021
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.
GRINNELL FOOD COALITION - ADDRESSES FOOD INSECURITY ISSUES THAT STARTED WITH THE COVID-19 PANDEMIC AND CONTINUES TO PROVIDE RELIABLE, LOCAL, STATE, AND NATIONAL RESOURCES AND GUIDANCES THROUGH GROCERY VOUCHERS AND OTHER LOCAL INITIAITVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Gosselink President & CEO | 50 | $181,068 | |
Shannon Fitzgerald Treasurer, Secretary, & CFO | 50 | $148,289 | |
Michelle Gruhn Accounting Manager | 45 | $75,001 | |
Melissa Hull Director Of Communit | 45 | $60,793 | |
Vanessa Doty Coordinator Of Organ | 35 | $53,382 | |
Chad Ahrens Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $669,121 |
| Interest on Savings | $40 |
| Dividends & Interest | $74,186 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $797,261 |
| Net ST Capital Gain | $45,944 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $164,185 |
| Total Revenue | $907,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $329,357 |
| Other employee salaries and wages | $294,542 |
| Pension plans, employee benefits | $75,544 |
| Interest | $0 |
| Taxes | $42,096 |
| Depreciation | $0 |
| Occupancy | $65,127 |
| Travel, conferences, and meetings | $1,019 |
| Printing and publications | $5,930 |
| Other expenses | $566,927 |
| Total operating and administrative expenses | $1,513,771 |
| Contributions, gifts, grants paid | $439,145 |
| Total expenses and disbursements | $1,952,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$20,547 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $10,196 |
| Net Pledges Receivable | $3,500 |
| Grants receivable | $6,362 |
| 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 | $5,250 |
| 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 | $7,646,204 |
| Accounts payable and accrued expenses | $153,887 |
| Grants payable | $27,750 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $181,637 |
Grants Awarded
Over the last fiscal year, The Claude W And Dolly Ahrens Foundation Corporation has awarded $411,645 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Grinnell, IA PURPOSE: OPERATING FUNDS, CAPITAL PURCHASES | $357,692 |
Grinnell, IA PURPOSE: PROGRAMMING, EARLY CHILDHOOD, EDUCAITON | $17,860 |
MICRO GRANTS PURPOSE: PROGRAMMING | $10,725 |
GRINNELL UNITED METHODIST CHURCH PURPOSE: FOOD INSECURE PROGRAMS | $10,184 |
LIBERTY MINISTRIES PURPOSE: FOOD INSECURE PROGRAMS | $10,184 |
Grinnell, IA PURPOSE: AFTER SCHOOL/SUMMER PROGRAMS | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Claude W And Dolly Ahrens Foundation Corporation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Trees Forever Inc Marion, IA PURPOSE: TREE PROJECT | $10,000 |
Brownell Family Foundation Rt 2 Grinnell, IA PURPOSE: GRINNELL FOOD COALITION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |