Kenneth D Allsup Foundation
- Assets
- $28.0
- Revenue
- $5.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Iowa City, IA
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 42-1310949
Organization Overview
Kenneth D Allsup Foundation is located in Iowa City, 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. Kenneth D Allsup 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, Kenneth D Allsup Foundation generated $5.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.5k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMITTEE SELECTS SCHOLARSHIP RECIPIENTS WHO MEET CRITERIA SPECIFIED IN OGANIZATION DOCUMENTS: APPLICANTS FROM MAHASKA AND WAPELLO COUNTY IOWA AREAS FOR COURSES AND EDUCATION GEARED FOR THE RECEIPT OF A DEGREE AS A REGISTERED NURSE. SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGE EARMARKED IN THE NAME OF THE STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Morrow Director | 1 | $0 | |
Michael Broerman Director | 1 | $0 | |
Angela Patterson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,492 |
| Interest on Savings | $34 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $5,526 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $500 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,150 |
| Contributions, gifts, grants paid | $4,350 |
| Total expenses and disbursements | $5,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $28 |
| 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, Kenneth D Allsup Foundation has awarded $4,350 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DANIELLE VANDEVOORT PURPOSE: SCHOLARSHIP | $350 |
KATHRYN D GOEMATT PURPOSE: SCHOLARSHIP | $2,000 |
ISABELL GRACE DASSEOS PURPOSE: SCHOLARSHIP | $2,000 |