Fausel Foundation
- Assets
- $311.8k
- Revenue
- $15.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, IA
- Founding
- 08/1980
- Data as of
- 12/2022
- EIN
- 42-1141805
Organization Overview
Fausel Foundation is located in Burlington, IA. The organization was established in 1980. 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. Fausel 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, Fausel Foundation generated $15.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $37.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $191 |
| Dividends & Interest | $9,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,583 |
| Capital Gain Net Income | $5,583 |
| Net ST Capital Gain | $440 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $219 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $540 |
| Total operating and administrative expenses | $759 |
| Contributions, gifts, grants paid | $36,550 |
| Total expenses and disbursements | $37,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,528 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $250 |
| 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 | $311,778 |
| 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 | $219 |
| Total liabilities | $219 |
Grants Awarded
Over the last fiscal year, Fausel Foundation has awarded $36,550 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SUMMIT COUNTY SHERRIFF PURPOSE: LAW ENFORCEMENT | $16,500 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: MEDICAL RESEARCH | $5,000 |
INST FOR WORLD POLITICS PURPOSE: PROVIDE INFO FOR FOREIGN POLICY DECI | $15,000 |
KATE ADAMSON CONSERVATION FUND PURPOSE: CONSERVATION | $50 |