Albert B & Vera Clement Charitable Trust
- Assets
- $2.0m
- Revenue
- $46.5k
- Investments
- $328.6k
- Employees
- 0
- Location
- Mitchellville, IA
- Founding
- 00/0000
- Data as of
- 11/2023
- 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 11/2023, Albert B & Vera Clement Charitable Trust generated $46.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $113.7k during the year ending 11/2023. While expenses have increased by 5.1% per year over the past 4 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 39 individual grants totaling $409,631. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MITCHELLVILLE LIBRARY - CONTRIBUTION TOWARD THE OPERATIONS OF THE MITCHELLVILLE PUBLIC LIBRARY WHICH SERVES THE COMMUNITY AND SENIOR CITIZENS OF THE TOWN AND SURROUNDING AREAS.
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
MINGO LIBRARY
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,196 |
| Dividends & Interest | $0 |
| Net Rental Income | $32,918 |
| 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 | $282 |
| Total Revenue | $46,516 |
| 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 | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $149 |
| Other expenses | $12,476 |
| Total operating and administrative expenses | $27,876 |
| Contributions, gifts, grants paid | $85,869 |
| Total expenses and disbursements | $113,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,588 |
| 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 | $1,650,740 |
| Investments—mortgage loans | $0 |
| Investments—other | $328,577 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,036,905 |
| 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 $85,869 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MINGO COMM SENIOR CITIZENS PURPOSE: SUPPORT SENIOR CITIZENS | $6,650 |
MITCHELLVILLE COMM SENIOR CENTER PURPOSE: SUPPORT SENIOR CITIZENS | $18,701 |
BONDURANT LEGION SENIOR CENTER PURPOSE: SUPPORT SENIOR CITIZENS | $2,400 |
MITCHELLVILLE LIBRARY PURPOSE: SUPPORT SENIOR CITIZENS | $14,241 |
GRAHAM CEMETARY PURPOSE: SUPPORT SENIOR CITIZENS | $4,000 |
MINGO LIBRARY PURPOSE: SUPPORT SENIOR CITIZENS | $2,395 |