First Citizens Charitable Foundation Inc
- Assets
- $1.5m
- Revenue
- $482.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 42-1451615
Organization Overview
First Citizens Charitable Foundation Inc is located in Mason City, IA. The organization was established in 1996. 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. First Citizens Charitable Foundation Inc 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, First Citizens Charitable Foundation Inc generated $482.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $390.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Citizens Charitable Foundation Inc has awarded 666 individual grants totaling $3,643,129. 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
GRANTS PAID TO NONPROFIT ORGANIZATIONS THAT MEET ESTABLSIHED CRITERIA. SEE LISTING ON PAGE 11, PART XV.
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 |
|---|---|---|---|
Patricia A Tomson Exec Director | 2 | $10,000 | |
O Jay Tomson President | 1 | $0 | |
Robert Klocke Director | 1 | $0 | |
Catherine Rottinghaus Director | 1 | $0 | |
Marti Rodamaker Vice President | 1 | $0 | |
Joleen Fleming Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $437,796 |
| Interest on Savings | $3,982 |
| Dividends & Interest | $40,939 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $186,629 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $482,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,837 |
| Contributions, gifts, grants paid | $376,050 |
| Total expenses and disbursements | $390,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $102,926 |
| 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 | $1,174,775 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,489,138 |
| 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, First Citizens Charitable Foundation Inc has awarded $376,050 in support to 74 organizations.
| Grant Recipient | Amount |
|---|---|
43 NORTH IOWA PURPOSE: IMPROVEMENTAL HEALTH SERVICES | $20,000 |
CARSON KING FOUNDATION PURPOSE: SUPPORT | $1,000 |
BRITT PARKS AND RECREATION BOARD PURPOSE: SPORTSPRACTICE FIELDS | $1,000 |
CHARLES CITY COMMUNITY FUND PURPOSE: SUPPORT | $1,000 |
CHARLES CITY ARTS CENTER PURPOSE: TOWN OF COLORSART-A-FEST | $1,000 |
CHARLES H MACNIDER ART MUSEUM PURPOSE: SUPPORT | $2,000 |