Howe Foundation
- Assets
- $9.3m
- Revenue
- $1.2m
- Investments
- $9.0m
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 42-1395312
Organization Overview
Howe Foundation is located in Muscatine, IA. The organization was established in 1993. 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. Howe 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, Howe Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (33.6%) each year. All expenses for the organization totaled $458.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Howe Foundation has awarded 120 individual grants totaling $5,502,958. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT TO SELECTED QUALIFYING SECTION 501(C)(3) EDUCATIONAL CHARITIES
FINANCIAL SUPPORT FOR OTHER CHARITABLE ORGANIZATIONS
FINANCIAL SUPPORT FOR LOCAL SECTION 501 (C)(3) ORGANIZATIONS AND GOV'T ENTITIES
FINANCIAL SUPPORT FOR RELIGIOUS ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric J Thomsen Treasurer | 2 | $0 | |
Helen H Howe Director | 1 | $0 | |
James Howe Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $930,824 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $254,485 |
| Capital Gain Net Income | $254,485 |
| Net ST Capital Gain | $254,485 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$30,397 |
| Total Revenue | $1,154,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $29,517 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $114,317 |
| Total operating and administrative expenses | $143,881 |
| Contributions, gifts, grants paid | $314,566 |
| Total expenses and disbursements | $458,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $279,993 |
| 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 | $9,315,852 |
| 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, Howe Foundation has awarded $819,361 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
MUSCATINE SYMPHONY ORCHESTRA PURPOSE: GENERAL OPERATING | $21,200 |
COMMUNITY FDN OF GREATER MUSCATINE PURPOSE: GENERAL OPERATIONS | $325,600 |
WESLEY UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATIONS & BUILDING RENOVATION | $73,000 |
NATURE CONSERVANCY PURPOSE: GENERAL OPERATIONS | $1,000 |
ROCK IN PREVENTION PURPOSE: GENERAL OPERATIONS | $50,000 |
MUSCATINE CHARITIES INC PURPOSE: GENERAL OPERATIONS | $7,500 |