Center One Foundation
- Assets
- $75.3k
- Revenue
- $7.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hampton, IA
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 42-1304511
Organization Overview
Center One Foundation is located in Hampton, IA. The organization was established in 1987. According to its NTEE Classification (A05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center One 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 12/2021, Center One Foundation generated $7.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $9.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Weber President | 5 | $0 | |
Duane Kelch Secretary | 5 | $0 | |
Brad Staley Director | 5 | $0 | |
Ron Schermer Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $406 |
| Dividends & Interest | $0 |
| Net Rental Income | $5,839 |
| 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 | $0 |
| Total Revenue | $7,531 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,296 |
| Total operating and administrative expenses | $1,727 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $9,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,326 |
| 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 | $10,000 |
| Other assets | $0 |
| Total assets | $75,326 |
| 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, Center One Foundation has awarded $7,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HAMPTON SENIOR CENTER PURPOSE: ONGOING MAINTENANCE AND EXPANSION OF FACILITY | $5,000 |
CITY OF HAMPTON PURPOSE: PLANTING OF PUBLIC TREES | $2,000 |
Hampton, IA PURPOSE: ASSISTANCE TO LOCAL FAMILIES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waitt Institute North Sioux City, SD | $1,194,996 | $5,461,658 |
Society For Research On Adolescence Middleton, WI | $2,014,692 | $367,035 |
Sheboygan County Historical Research Center Inc Sheboygan Falls, WI | $470,090 | $367,939 |
Native Biodata Consortium Eagle Butte, SD | $40,827 | $0 |
Center One Foundation Hampton, IA | $75,326 | $7,531 |