Aegon Transamerica Foundation
- Assets
- $152.1m
- Revenue
- $7.7m
- Investments
- $149.4m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 42-1415998
Organization Overview
Aegon Transamerica Foundation is located in Cedar Rapids, IA. The organization was established in 1994. 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. Aegon Transamerica 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, Aegon Transamerica Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $11.4m during the year ending 12/2022. While expenses have increased by 12.2% per year over the past 4 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip S Eckman Director | 5 | $0 | |
Andrew S Williams Director | 5 | $0 | |
Maurice Perkins President | 5 | $0 | |
Jamie Poston Director | 5 | $0 | |
James Rich Director | 5 | $0 | |
Scott Albertson Chief Tax Of | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $952,719 |
| Dividends & Interest | $637,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,216,567 |
| Capital Gain Net Income | $4,114,608 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$58,580 |
| Total Revenue | $7,748,130 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $47,824 |
| Taxes | $551,240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $230,341 |
| Total operating and administrative expenses | $1,373,381 |
| Contributions, gifts, grants paid | $10,043,283 |
| Total expenses and disbursements | $11,416,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,781,101 |
| Savings and temporary cash investments | $729,642 |
| 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 | $35,428,412 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $213,478 |
| Total assets | $152,120,492 |
| Accounts payable and accrued expenses | $455,049 |
| Grants payable | $125,001 |
| 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 | $580,050 |
Grants Awarded
Over the last fiscal year, Aegon Transamerica Foundation has awarded $10,701,295 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MATCHING DONATIONS PURPOSE: SEE ATTACHED | $122,600 |
GENERAL DONATIONS PURPOSE: SEE ATTACHED | $10,578,695 |