Falb Family Charitable Foundation
- Assets
- $3.3m
- Revenue
- $77.0k
- Investments
- $3.3m
- Employees
- 0
- Location
- Dubuque, IA
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 42-1393658
Organization Overview
Falb Family Charitable Foundation is located in Dubuque, IA. The organization was established in 1993. 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. Falb Family 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, Falb Family Charitable Foundation generated $77.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $224.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Falb Family Charitable Foundation has awarded 211 individual grants totaling $1,151,866. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark C Falb Pres./treasurer | 0.25 | $0 | |
Cheryl Falb Vp/secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,769 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,990 |
| Contributions, gifts, grants paid | $218,900 |
| Total expenses and disbursements | $224,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,266 |
| 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 | $817,109 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,314,950 |
| 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, Falb Family Charitable Foundation has awarded $218,900 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,000 |
BOYS AND GIRLS CLUB OF DUBUQUE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $2,500 |
CARNEGIE STOUT LIBRARY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,500 |
CLARKE UNIVERSITY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $500 |
COLTS YOUTH ORGANIZATION COLTS DRUM AND BUGLE CORPS PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $112,000 |
COMMUNITY FOUNDATION OF GREATER DUBUQUEGINTER THANKSGIVING DINNER PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $750 |