Premier Communications Foundation
- Assets
- $4.5m
- Revenue
- $610.9k
- Investments
- $4.2m
- Employees
- 0
- Location
- Sioux Center, IA
- Founding
- 05/1991
- Data as of
- 12/2021
- 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 12/2021, Premier Communications Foundation generated $610.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $373.7k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Premier Communications Foundation has awarded 275 individual grants totaling $1,626,250. 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 |
|---|---|---|---|
Howard Beernink Director | 1 | $0 | |
Jim Mouw Director | 1 | $0 | |
Ted Hengeveld Director | 1 | $0 | |
Ryan Boone Treasurer | 1 | $0 | |
David Krahling President | 1 | $0 | |
John Koerselman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $6,767 |
| Dividends & Interest | $107,135 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $456,896 |
| Capital Gain Net Income | $456,896 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $141 |
| Total Revenue | $610,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,491 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $37,242 |
| Contributions, gifts, grants paid | $336,500 |
| Total expenses and disbursements | $373,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,027 |
| Savings and temporary cash investments | $237,148 |
| 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 | $4,456,152 |
| 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 $336,500 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
Sioux Center, IA PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
Orange City, IA PURPOSE: CHARITABLE CONTRIBUTION | $47,000 |
DORDT COLLEGE PURPOSE: CHARITABLE CONTRIBUTION | $32,000 |
MERRILL PIONEER COMMUNITY HOSPITAL PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
Le Mars, IA PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
LE MARS COMMUNITY SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |