James W And Ella B Forster Charitable Trust
- Assets
- $1.9m
- Revenue
- $221.6k
- Investments
- $364.4k
- Employees
- 0
- Location
- Rock Rapids, IA
- Founding
- 08/1988
- Data as of
- 06/2024
- 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 06/2024, James W And Ella B Forster Charitable Trust generated $221.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $345.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 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 61 individual grants totaling $3,923,713. 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 |
|---|---|---|---|
George Schneidermann Trustee | 1 | $0 | |
Kandi Koll Trustee | 1 | $0 | |
Bruce Jennings Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100,558 |
| Dividends & Interest | $24,304 |
| Net Rental Income | $86,669 |
| 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 | $221,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,989 |
| Depreciation | $1,188 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,876 |
| Total operating and administrative expenses | $28,312 |
| Contributions, gifts, grants paid | $317,530 |
| Total expenses and disbursements | $345,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,730 |
| 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 | $1,063,261 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $427,651 |
| Investments—mortgage loans | $0 |
| Investments—other | $300,318 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,935,002 |
| 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 $317,530 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MERRILL PIONEER COMMUNITY HOSPITAL PURPOSE: FACILITY EXPANSION | $183,685 |
ROCK RAPIDS MURAL SOCIETY PURPOSE: MURALS | $5,000 |
ATLAS OF LYON COUNTY PURPOSE: EXPAND THRIFT STORE/OUTREACH | $36,000 |
ROCK RAPIDS AREA DEVELOPMENT FDN PURPOSE: ECONOMIC DEVELOPMENT | $70,345 |
ALVORD BETTERMENT COMMITTMEE PURPOSE: REC CENTER CONSTRUCTION | $22,500 |