Wesley Mansfield And Irene Mansfield Charitable Foundation
- Assets
- $9.9m
- Revenue
- $780.3k
- Investments
- $9.9m
- Employees
- 0
- Location
- Tama, IA
- Founding
- 11/1984
- Data as of
- 07/2024
- EIN
- 42-1226535
Organization Overview
Wesley Mansfield And Irene Mansfield Charitable Foundation is located in Tama, IA. The organization was established in 1984. 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. Wesley Mansfield And Irene Mansfield Charitable 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 07/2024, Wesley Mansfield And Irene Mansfield Charitable Foundation generated $780.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $904.6k during the year ending 07/2024. While expenses have increased by 1.1% per year over the past 9 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 2016, Wesley Mansfield And Irene Mansfield Charitable Foundation has awarded 242 individual grants totaling $5,732,901. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Cook Chairman | 5 | $25,000 | |
Mark Harrington Treasurer | 10 | $25,000 | |
Barbara Garling Secretary | 5 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,280 |
| Dividends & Interest | $438,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $337,796 |
| Capital Gain Net Income | $337,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $780,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,730 |
| Total operating and administrative expenses | $145,138 |
| Contributions, gifts, grants paid | $759,420 |
| Total expenses and disbursements | $904,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,353 |
| 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 | $9,878,819 |
| 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, Wesley Mansfield And Irene Mansfield Charitable Foundation has awarded $759,420 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AG EDUCATION BUILDING AND ARENA PURPOSE: PARKING & EQUIPMENT | $40,000 |
AKRON COMM CHURCH PURPOSE: HVAC UPGRADE | $2,500 |
ALBION AREA ARTS COUNCIL PURPOSE: GENERAL SUPPORT | $10,000 |
ALBION ECONOMIC DEVELOPMENT PURPOSE: DOWNTOWN IMPROVEMENTS | $5,000 |
ALBION EDUCATION FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
AMERICAN RED CROSS-IOWA PURPOSE: GENERAL SUPPORT | $2,500 |