Northeast Iowa Charitable Foundation
- Assets
- $10.2m
- Revenue
- $423.6k
- Investments
- $10.0m
- Employees
- 0
- Location
- Oelwein, IA
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 42-1341188
Organization Overview
Northeast Iowa Charitable Foundation is located in Oelwein, IA. The organization was established in 1990. 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. Northeast Iowa Charitable 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, Northeast Iowa Charitable Foundation generated $423.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $861.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Northeast Iowa Charitable Foundation has awarded 118 individual grants totaling $4,950,772. 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 |
|---|---|---|---|
Carol Tousley Director | 0 | $0 | |
Gene Fuelling Treasurer | 0 | $0 | |
Alan Jamison Vice President | 0 | $0 | |
Maureen Nolan President | 0 | $0 | |
Travis Bushaw Director | 0 | $0 | |
Charlotte Dehaven Secretary | 8 | $4,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $319,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104,537 |
| Capital Gain Net Income | $104,537 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $423,588 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,120 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,394 |
| Total operating and administrative expenses | $91,119 |
| Contributions, gifts, grants paid | $770,269 |
| Total expenses and disbursements | $861,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,036 |
| Savings and temporary cash investments | $182,427 |
| 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 | $10,194,938 |
| 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, Northeast Iowa Charitable Foundation has awarded $770,269 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
OELWEIN DOLLARS FOR SCHOLARS PURPOSE: SCHOLARSHIPS | $98,000 |
RSVP PROGRAM PURPOSE: CHILDRENS READING PROGRAM | $20,000 |
HERBERT HOOVER LIBRARY PURPOSE: UNCOMMON STUDENT SCHOLARSHIP | $15,000 |
GREATER OELWEIN AREA FOUNDATION PURPOSE: WELLNESS SCHOLARSHIPS | $20,000 |
WILLIAMS CENTER INC PURPOSE: PROGRAMMING | $40,000 |
OELWEIN COMMUNITY SCHOOL DISTRICT PURPOSE: STUDENT ACTIVITY TICKETS,EQUIPMENT FOR INDUSTRIAL TECHNOLOGY CENTER,VARIOUS STUDENT EDUCATIONAL TRIPS,RECREATION CENTER CONSTRUCTION FUNDS | $48,269 |