Treynor State Bank Community Foundation
- Assets
- $152.2k
- Revenue
- $776.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Treynor, IA
- Founding
- 08/1999
- Data as of
- 12/2019
- EIN
- 42-1486651
Organization Overview
Treynor State Bank Community Foundation is located in Treynor, IA. The organization was established in 1999. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Treynor State Bank Community Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treynor State Bank Community 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 12/2019, Treynor State Bank Community Foundation generated $776.9k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $982.3k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Treynor State Bank Community Foundation has awarded 19 individual grants totaling $187,490. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION STRIVES TO HELP IDENTIFY COMMUNITY NEEDS, FACILITATE EDUCATIONAL EFFORTS, AND BUILD LEADERS ONE INDIVIDUAL AND ONE FAMILY AT A TIME. THE FOUNDATION DESIRES TO BE A CATALYST FOR POSITIVE CHANGE AND GROWTH IN OUR COMMUNITIES FOR GENERATIONS TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORIGANIZATION IS DESIGNED TO HELP GIVING PEOPLE ACHIEVE MORE WITH THEIR DONATIONS. ITS COMMITTED TO DEVELOPING LONG-TERM PROSPERITY IN THE LOCAL COMMUNITIES AND A CHARITABLE PROCESS WHICH GIVES DONORS MORE FINANCIAL FLEXIBLITY. A HIGH PORTION OF THE FUNDS ARE DEDICATED TO THE TS INSTITUTE, A K-12 FINANCIAL LITERACY CURRICULUM TO HELP CREATE THE NEXT GENERATIION OF SAVVY SAVERS INCLUDING STUDENT BANKING, CLASSROOM FACILITATION, EVENTS, TEACHER TRAINING AND COMMUNITY OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael K Guttau President | OfficerTrustee | 5 | $0 |
Kelsey R Stupfell Director | Trustee | 5 | $0 |
Abby Jares Director | Trustee | 5 | $0 |
Judith A Guttau Sec And Treasurer | OfficerTrustee | 5 | $0 |
Nigel Horton Director | Trustee | 5 | $0 |
Travis Castle Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $773,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $773,495 |
| Total Program Service Revenue | $0 |
| Investment income | $3,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $776,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $584,660 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,265 |
| Pension plan accruals and contributions | $12,320 |
| Other employee benefits | $28,031 |
| Payroll taxes | $19,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,549 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,399 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,050 |
| Office expenses | $9,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $982,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,409 |
| Savings and temporary cash investments | $102,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,234 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $152,234 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $152,234 |
Grants Awarded
Over the last fiscal year, Treynor State Bank Community Foundation has awarded $94,140 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DEWITT COUNTY ECONOMIC DEVELOPMENT PURPOSE: ECONOMIC DEVELOPMENT | $10,000 |
DIVIDE COUNTY FAIR ASSOCIATION PURPOSE: COMMUNITY PROMOTION | $11,450 |
LUTHERAN SOCIAL SERVICES PURPOSE: HOUSING PROJECT | $10,000 |
TIOGA AREA ECONOMIC DEVELOPMENT PURPOSE: ECONOMIC DEVLEOPMENT | $25,000 |
NEIGHBORHOOD CARE CENTER PURPOSE: COMMUNITY DEVELOPMENT | $5,000 |
MICAH HOUSE PURPOSE: SOCIAL SERVICES | $10,000 |