United Fire Group Foundation
- Assets
- $185.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 42-1492320
Organization Overview
United Fire Group Foundation is located in Cedar Rapids, IA. The organization was established in 1999. 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. United Fire Group 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, United Fire Group Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $928.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, United Fire Group Foundation has awarded 534 individual grants totaling $6,496,310. 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 |
|---|---|---|---|
Kevin Leidwinger President | 0.1 | $0 | |
Sarah Madsen Secretary | 0.1 | $0 | |
Janice Martin Treasurer | 0.1 | $0 | |
Eric Martin Director | 0.1 | $0 | |
James Noyce Director | 0.1 | $0 | |
Randy Ramlo President (until 08/2022) | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $794,480 |
| Interest on Savings | $0 |
| Dividends & Interest | $427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $715,828 |
| Capital Gain Net Income | $715,828 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,510,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,300 |
| Total operating and administrative expenses | $28,665 |
| Contributions, gifts, grants paid | $899,550 |
| Total expenses and disbursements | $928,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $184,972 |
| 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 | $184,972 |
| 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, United Fire Group Foundation has awarded $899,550 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN MUSEUM PURPOSE: PROVIDE FUNDS FOR SERVICE TO COMMUNITY | $10,000 |
ARC OF EAST CENTRAL IOWA PURPOSE: PROVIDE FUNDS FOR SERVICE TO COMMUNITY | $10,000 |
BOYS & GIRLS CLUB OF CEDAR RAPIDS PURPOSE: PROVIDE FUNDS FOR SERVICE TO COMMUNITY | $30,000 |
BRUCEMORE PURPOSE: PROVIDE FUNDS FOR SERVICE TO COMMUNITY | $5,000 |
CATHERINE MCAULEY CENTER PURPOSE: PROVIDE FUNDS FOR SERVICE TO COMMUNITY | $5,000 |
CEDAR RAPIDS PUBLIC LIBRARY PURPOSE: PROVIDE FUNDS FOR SERVICE TO COMMUNITY | $10,000 |