Albert B & Vera Clement Charitable Trust
- Assets
- $2.2m
- Revenue
- $141.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Mitchellville, IA
- Founding
- 00/0000
- Data as of
- 11/2021
- EIN
- 42-1214336
Organization Overview
Albert B & Vera Clement Charitable Trust is located in Mitchellville, IA. The organization was established in 0000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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.
For the year ending 11/2021, Albert B & Vera Clement Charitable Trust generated $141.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $150.0k during the year ending 11/2021. While expenses have increased by 23.6% 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.
Since 2020, Albert B & Vera Clement Charitable Trust has awarded 22 individual grants totaling $167,498. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC LIBRARIES SUPPORT - CONTRIBUTIONS TOWARD THE OPERATING EXPENSES OF THE PUBLIC LIBRARIES IN THE SMALL RURAL COMMUNITIES OF MINGO, MITCHELLVILLE AND MONROE, IOWA.
COMMUNITY CENTERS SUPPORT - CONTRIBUTIONS TOWARD THE OPERATING EXPENSES OF THE SENIOR CITIZENS CENTER OR COMMUNITY CENTERS IN THE SMALL RURAL COMMUNITIES OF COLFAX, MITCHELLVILLE, BONDURANT, MINGO, AND BAXTER, IOWA.
GRAHAM CEMETERY GRANT
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $0 |
| Net Rental Income | $38,570 |
| Net Gain on Sale of Assets | $90,201 |
| Capital Gain Net Income | $90,201 |
| Net ST Capital Gain | $90,201 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $455 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,004 |
| Total operating and administrative expenses | $51,825 |
| Contributions, gifts, grants paid | $98,148 |
| Total expenses and disbursements | $149,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $584,084 |
| Net Accounts receivable | $820 |
| 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 | $1,650,740 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,235,644 |
| 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, Albert B & Vera Clement Charitable Trust has awarded $98,148 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MITCHELLVILLE LIBRARY PURPOSE: SUPPORT SENIOR CITIZENS | $37,294 |
Monroe, IA PURPOSE: SUPPORT SENIOR CITIZENS. | $11,355 |
CITY OF COLLINS PURPOSE: SUPPORT SENIOR CITIZENS | $10,500 |
MINGO COMM SENIOR CITIZENS PURPOSE: SUPPORT SENIOR CITIZENS | $10,500 |
CITY OF BAXTER PURPOSE: SUPPORT SENIOR CITIZENS. | $8,800 |
BONDURANT LEGION SENIOR CENTER PURPOSE: SUPPORT SENIOR CITIZENS | $6,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |