James W And Ella B Forster Charitable Trust
- Assets
- $2.2m
- Revenue
- $236.0k
- Investments
- $364.4k
- Employees
- 0
- Location
- Rock Rapids, IA
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 42-1305882
Organization Overview
James W And Ella B Forster Charitable Trust is located in Rock Rapids, IA. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. James W And Ella B Forster Charitable Trust 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 06/2022, James W And Ella B Forster Charitable Trust generated $236.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $295.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James W And Ella B Forster Charitable Trust has awarded 44 individual grants totaling $2,663,838. 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 |
|---|---|---|---|
Kandi Koll Trustee | 1 | $0 | |
George Schneidermann Trustee | 1 | $0 | |
Bruce Jennings Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119,829 |
| Dividends & Interest | $21,871 |
| Net Rental Income | $75,459 |
| Net Gain on Sale of Assets | $8,305 |
| Capital Gain Net Income | $8,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,342 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,202 |
| Total operating and administrative expenses | $26,119 |
| Contributions, gifts, grants paid | $269,030 |
| Total expenses and disbursements | $295,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,192 |
| 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 | $1,364,485 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $430,138 |
| Investments—mortgage loans | $0 |
| Investments—other | $300,348 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,209,205 |
| 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, James W And Ella B Forster Charitable Trust has awarded $269,030 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Rock Rapids, IA PURPOSE: FACILITY EXPANSION | $183,685 |
ROCK RAPIDS AREA DEVELOPMENT FDN PURPOSE: ECONOMIC DEVELOPMENT | $70,345 |
CITY OF ROCK RAPIDS PURPOSE: PLAYGROUND EQUIPMENT | $10,000 |
Rock Rapids, IA PURPOSE: MURALS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |