Meredith Corporation Foundation
- Assets
- $14.4m
- Revenue
- $2.3m
- Investments
- $14.0m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 42-1426258
Organization Overview
Meredith Corporation Foundation is located in Des Moines, IA. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meredith Corporation 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 06/2022, Meredith Corporation Foundation generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Meredith Corporation Foundation has awarded 1,207 individual grants totaling $3,183,793. 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 |
|---|---|---|---|
Mell Meredith Frazier Director | 1 | $0 | |
Stephen Lacy Treasurer | 1 | $0 | |
Edwin T Meredith IV President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $522,548 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,281,160 |
| Capital Gain Net Income | $1,281,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,303,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,120 |
| Total operating and administrative expenses | $23,120 |
| Contributions, gifts, grants paid | $1,230,004 |
| Total expenses and disbursements | $1,253,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,875 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,399,581 |
| 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, Meredith Corporation Foundation has awarded $1,230,004 in support to 397 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: GENERAL SUPPORT | $405,450 |
REBUILDING TOGETHER PURPOSE: GENERAL SUPPORT | $132,000 |
IOWA STATE UNIVERSITY PURPOSE: GENERAL SUPPORT | $100,780 |
HOYT SHERMAN PLACE PURPOSE: GENERAL SUPPORT | $100,125 |
BOYS & GIRLS CLUB PURPOSE: GENERAL SUPPORT | $100,000 |
Johnston, IA PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nexus-Woodbourne Family Healing Plymouth, MN | $7,774,084 | $15,090,420 |
Fem Electric Association Inc Ipswich, SD | $42,436,941 | $15,874,732 |
Benedictine Living Communities - Bismarck Inc Minneapolis, MN | $16,928,888 | $16,060,276 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Community Action Partnership Of Lancaster And Saunders Counties Lincoln, NE | $12,349,644 | $14,460,530 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Simpson Housing Services Inc Minneapolis, MN | $10,361,616 | $11,738,483 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |