Raccoon Valley Bank Charitable Foundation
- Assets
- $212.2k
- Revenue
- $75.0k
- Investments
- $5.0k
- Employees
- 0
- Location
- Perry, IA
- Founding
- 04/1990
- Data as of
- 12/2023
- EIN
- 42-1347634
Organization Overview
Raccoon Valley Bank Charitable Foundation is located in Perry, IA. The organization was established in 1990. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Raccoon Valley Bank 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 12/2023, Raccoon Valley Bank Charitable Foundation generated $75.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $40.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Raccoon Valley Bank Charitable Foundation has awarded 221 individual grants totaling $358,771. 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 |
|---|---|---|---|
Terry Nielsen President & Director | 1 | $0 | |
Kendall Rathje Secretary/treasurer | 1 | $0 | |
Mike Compiano Director | 0.1 | $0 | |
Elizabeth Garst Director | 0.1 | $0 | |
Sarah Garst Director | 0.1 | $0 | |
Jane Clausen Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $0 |
| 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 | $75,000 |
| 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 | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $40,442 |
| Total expenses and disbursements | $40,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,195 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $212,195 |
| 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, Raccoon Valley Bank Charitable Foundation has awarded $40,442 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ADEL FOOD BANK PURPOSE: GENERAL OPERATIONS | $2,550 |
DALLAS CENTER SCOUTS PACK 116 PURPOSE: GENERAL OPERATIONS | $500 |
FREEDOM FOR YOUTH MINISTRIES PURPOSE: GENERAL OPERATIONS | $500 |
IOWA 4-H FOUNDATION PURPOSE: GENERAL OPERATIONS | $2,050 |
ART ON THE PRAIRIE PURPOSE: GENERAL OPERATIONS | $2,000 |
GREATER DALLAS COUNTY DEVELOPMENT ALLIANCE PURPOSE: GENERAL OPERATIONS | $5,000 |