Des Moines Area Association Of Realtors Foundation
- Assets
- $729.8k
- Revenue
- $66.3k
- Investments
- $727.3k
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 42-1410003
Organization Overview
Des Moines Area Association Of Realtors Foundation is located in West Des Moines, IA. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines Area Association Of Realtors 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, Des Moines Area Association Of Realtors Foundation generated $66.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $82.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Des Moines Area Association Of Realtors Foundation has awarded 87 individual grants totaling $449,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Clarkson Director | 1 | $0 | |
Michael Knapp Director | 1 | $0 | |
John Mcroberts President | 1 | $0 | |
Lance Hanson Director | 1 | $0 | |
Marcia Wanamaker Director | 1 | $0 | |
Kathy Davis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,350 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,829 |
| Capital Gain Net Income | $9,829 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,318 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,168 |
| Contributions, gifts, grants paid | $77,000 |
| Total expenses and disbursements | $82,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,501 |
| 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 | $727,321 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $729,822 |
| 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, Des Moines Area Association Of Realtors Foundation has awarded $77,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ANAWIM HOUSING PURPOSE: AFFORABLE LOW-INCOME HOUSING | $5,500 |
BEACON OF LIFE PURPOSE: HELP WOMEN IN CRISIS | $5,500 |
CENTRAL IOWA SHELTER & SERVICES PURPOSE: PROVIDE SHELTER/FOOD TO THE HOMELESS | $5,500 |
CHILDREN AND FAMILIES OF IOWA PURPOSE: QUALITY OF LIFE IMPROVEMENT FOR CHILDREN AND FAMILIES | $5,500 |
CROSS OUTREACH PURPOSE: HOMELESSNESS PREVENTION | $5,500 |
ELLIPSIS IOWA PURPOSE: PROVIDES CARE, ENCOURAGEMENT, AND SKILLS TO FAMILIES IN NEED | $5,500 |