Premier Communications Foundation
- Assets
- $4.4m
- Revenue
- $367.4k
- Investments
- $4.2m
- Employees
- 0
- Location
- Sioux Center, IA
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 42-1358494
Organization Overview
Premier Communications Foundation is located in Sioux Center, IA. The organization was established in 1991. 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. Premier Communications 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, Premier Communications Foundation generated $367.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $414.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Premier Communications Foundation has awarded 356 individual grants totaling $1,972,500. 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 |
|---|---|---|---|
David Krahling President | 1 | $0 | |
Ryan Boone CEO | 1 | $0 | |
Jim Mouw Treasurer | 1 | $0 | |
Ted Hengeveld Director | 1 | $0 | |
Michael D Mcalpine Secretary | 1 | $0 | |
Chad Feenstra Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $7,821 |
| Dividends & Interest | $117,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,902 |
| Capital Gain Net Income | $141,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105 |
| Total Revenue | $367,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,865 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,344 |
| Total operating and administrative expenses | $40,892 |
| Contributions, gifts, grants paid | $373,500 |
| Total expenses and disbursements | $414,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,968 |
| Savings and temporary cash investments | $229,196 |
| 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 | $4,409,147 |
| 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, Premier Communications Foundation has awarded $373,500 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON FIRE DEPARTMENT PURPOSE: CHARITABLE CONTRIBUTION | $250 |
AKRON PUBLIC SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
ATLAS OF SPENCER PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
BOYDEN COMMUNITY FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
BOYDEN-HULL COMMUNITY SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $4,000 |
CENTER FOR FINANCIAL EDUCATION PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |