Fairfax State Savings Bank Charitable Trust
- Assets
- $511.0k
- Revenue
- $16.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, IA
- Founding
- 09/1990
- Data as of
- 11/2022
- EIN
- 42-1356335
Organization Overview
Fairfax State Savings Bank Charitable Trust is located in Fairfax, IA. The organization was established in 1990. 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. Fairfax State Savings Bank 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 11/2022, Fairfax State Savings Bank Charitable Trust generated $16.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $35.3k during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fairfax State Savings Bank Charitable Trust has awarded 81 individual grants totaling $244,530. 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 |
|---|---|---|---|
William E Boland Jr Trustee | 1 | $0 | |
Patrick Slater Trustee | 1 | $0 | |
David Neuhaus Trustee | 1 | $0 | |
Laurie Neuhaus Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $1,684 |
| 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 | $16,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,332 |
| Contributions, gifts, grants paid | $33,925 |
| Total expenses and disbursements | $35,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,409 |
| Savings and temporary cash investments | $498,567 |
| 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 | $510,976 |
| 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, Fairfax State Savings Bank Charitable Trust has awarded $33,925 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY MEDICAL CENTER FOUNDATION PURPOSE: GENERAL OPERATING BUDGET | $11,000 |
JUNIOR ACHIEVEMENT PURPOSE: GENERAL OPERATING BUDGET | $5,000 |
Cedar Rapids, IA PURPOSE: GENERAL OPERATING BUDGET | $5,000 |
Cedar Rapids, IA PURPOSE: GENERAL OPERATING BUDGET | $4,425 |
Des Moines, IA PURPOSE: GENERAL OPERATING BUDGET | $2,000 |
Fairfax, IA PURPOSE: GENERAL OPERATING BUDGET | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |