Argall-Hibbs Foundation
- Assets
- $475.3k
- Revenue
- $63.4k
- Investments
- $442.0k
- Employees
- 0
- Location
- Prior Lake, MN
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 41-1875159
Organization Overview
Argall-Hibbs Foundation is located in Prior Lake, MN. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Argall-Hibbs 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 12/2022, Argall-Hibbs Foundation generated $63.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $49.7k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 6 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 2017, Argall-Hibbs Foundation has awarded 21 individual grants totaling $221,818. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,908 |
| Interest on Savings | $102 |
| Dividends & Interest | $16,335 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8 |
| Capital Gain Net Income | $8 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $424 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,746 |
| Contributions, gifts, grants paid | $47,000 |
| Total expenses and disbursements | $49,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,280 |
| Savings and temporary cash investments | $0 |
| 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 | $475,286 |
| 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, Argall-Hibbs Foundation has awarded $47,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HAMMER RESIDENCE PURPOSE: ENDOWMENT FUND | $40,000 |
GROVES ACADEMY PURPOSE: UNRESTRICTED | $2,500 |
FEED MY STARVING CHILDREN PURPOSE: UNRESTRICTED | $2,500 |
MINNESOTA ZOO FOUNDATION PURPOSE: UNRESTRICTED | $1,000 |
AUTISM SOCIETY OF MINNESOTA PURPOSE: UNRESTRICTED | $1,000 |