Harold W & Leone L Godbersen Family Foundation
- Assets
- $1.8m
- Revenue
- $88.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Ida Grove, IA
- Founding
- 07/1988
- Data as of
- 12/2022
- EIN
- 42-1287050
Organization Overview
Harold W & Leone L Godbersen Family Foundation is located in Ida Grove, IA. The organization was established in 1988. 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. Harold W & Leone L Godbersen Family 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 12/2022, Harold W & Leone L Godbersen Family Foundation generated $88.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $102.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Harold W & Leone L Godbersen Family Foundation has awarded 21 individual grants totaling $610,547. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO THE COMMUNITY TO HELP ADVANCE AND DEVELOP OUR YOUTH.
PROVIDE BATTLE CREEK/IDA GROVE STUDENT SCHOLARSHIPS TO PROMOTE AND FOSTER EDUCATION IN OUR YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Godbersen Director | 0.5 | $0 | |
Gary Godbersen Director | 0.5 | $0 | |
Ed Jacobson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $940 |
| Dividends & Interest | $43,812 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,206 |
| Capital Gain Net Income | $43,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $684 |
| Total Revenue | $88,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,526 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21 |
| Total operating and administrative expenses | $26,773 |
| Contributions, gifts, grants paid | $76,000 |
| Total expenses and disbursements | $102,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,023 |
| 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 | $1,706,028 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,828,051 |
| 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, Harold W & Leone L Godbersen Family Foundation has awarded $76,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HORN MEMORIAL HOSPITAL PURPOSE: CONTINUING OPERATIONS OF COMMUNITY HOSPITAL | $10,000 |
BATTLE CREEKIDA GROVE STUDENT SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $66,000 |