Obermann Beck Foundation Inc
- Assets
- $0.0
- Revenue
- $147.0
- Investments
- $0.0
- Employees
- 0
- Location
- New London, IA
- Founding
- 07/1987
- Data as of
- 12/2019
- EIN
- 42-1187297
Organization Overview
Obermann Beck Foundation Inc is located in New London, IA. The organization was established in 1987. 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 12/2019, Obermann Beck Foundation Inc generated $147.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $35.6k during the year ending 12/2019. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
GAVE FINANCIAL ASSISTANCE TO DANVILLE STATION.
GAVE FINANCIAL ASSISTANCE TO STATE OF IOWA HISTORICAL SOCIETY FOR EDUCATIONAL SCHOLARSHIP SUPPORT.
GAVE FINANCIAL ASSISTANCE TO HESPERIAN HISTORICAL SOCIETY OF KANSAS
GAVE FINANCIAL ASSISTANCE TO SHINAR PRESBYTERIAN CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Beck President | 0 | $0 | |
Carroll Oberman Director | 0 | $0 | |
Jack Reif Secretary | 0 | $0 | |
Marleen Beck Director | 0 | $0 | |
Steve Richardson Director | 0 | $0 | |
Claudia Eldridge Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $147 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $230 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4,489 |
| Other expenses | $714 |
| Total operating and administrative expenses | $6,583 |
| Contributions, gifts, grants paid | $29,000 |
| Total expenses and disbursements | $35,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Obermann Beck Foundation Inc has awarded $29,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DANVILLE STATION PURPOSE: TO PRESERVE MUSEUM | $6,000 |
IOWA STATE HISTORICAL SOCIETY PURPOSE: EDUCATIONAL SCHOLARSHIPS | $5,000 |
Cawker City, KS PURPOSE: TO PROVIDE OUTREACH | $3,000 |
SHINAR CUMBERLAND PRESBYTERIAN CHUR PURPOSE: TO PROVIDE OUTREACH | $2,500 |
GERMAN AMERICAN MUSEUM PURPOSE: TO PROVIDE SUPPORT | $2,500 |
PEACE LUTHERN CHURCH PURPOSE: TO PROVIDE OUTREACH | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |