Tanager Place Endowment Foundation
- Assets
- $20.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 10/1986
- Data as of
- 06/2022
- EIN
- 42-1278189
Organization Overview
Tanager Place Endowment Foundation is located in Cedar Rapids, IA. The organization was established in 1986. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tanager Place Endowment Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND INVEST FUNDS FOR THE BENEFIT OF TANAGER PLACE, A 501(C)(3) PUBLIC CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND MANAGEMENT: RAISING AND INVESTING FUNDS FOR TANAGER PLACE, A 501(C)(3) PUBLIC CHARITY THAT IS THE SUPPORTED ORGANIZATION OF TANAGER PLACE ENDOWMENT FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Meisterling President | OfficerTrustee | 1 | $0 |
Barrie Ernst Vice President | OfficerTrustee | 1 | $0 |
Jim Thebeau Treasurer | OfficerTrustee | 1 | $0 |
Jane Glantz Secretary | OfficerTrustee | 1 | $0 |
Brad Thatcher Assistant Treasurer | Officer | 1 | $0 |
Okpara Rice Assistant Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,374 |
| Total Program Service Revenue | $0 |
| Investment income | $382,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,565,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,974,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,092,886 |
| Grants and other assistance to domestic individuals. | $58,540 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,898 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,793 |
| Office expenses | $5,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,513 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $202 |
| Total functional expenses | $1,262,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,744 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,382,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,336,287 |
| Total assets | $20,247,180 |
| Accounts payable and accrued expenses | $1,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,194 |
| Net assets without donor restrictions | $14,248,257 |
| Net assets with donor restrictions | $5,997,729 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,247,180 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tanager Place Endowment Foundation has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
View Grant Recipient Profile
Endowment Analysis
| Beg. Balance | $19,720,835 |
| Earnings | -$1,778,735 |
| Admin Expense | $80,898 |
| Other Expense | $958,670 |
| Ending Balance | $16,882,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Planned Parenthood Minnesota North Dakota South Dakota Fund St Paul, MN | $74,688,900 | $2,513,382 |
Aitkin Health Services Aitkin, MN | $7,612,800 | $5,336,098 |
Cradle Foundation Evanston, IL | $14,544,905 | $2,396,350 |
Cedars Home For Children Foundation Inc Lincoln, NE | $40,209,739 | $4,351,634 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Alliance Against Assault And Abuse Kansas City, MO | $0 | $0 |
Family Shelter Service Inc Wheaton, IL | $0 | $2,336,670 |