Gladbrook Community Foundation
- Assets
- $168.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traer, IA
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 42-1520672
Organization Overview
Gladbrook Community Foundation is located in Traer, IA. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gladbrook 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 12/2021, Gladbrook Community Foundation generated $10.6k 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 (11.3%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (39.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION WAS ESTABLISHED TO BENEFIT CITIZENS OF GLADBROOK. THE FOUNDATION IS CURRENTLY ACCEPTING DONATIONS TO HELP VARIOUS PROJECTS AND ORGANIZATIONS IN THE COMMUNITY INCLUDING THE CRAYON CORNER LEARNING CENTER, THE GLADBROOK MUSEUM, GLADBROOK CITY CENTRE, AND MATCHSTICK MARVELS MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cornell Gethmann Director | 1 | $0 | |
Jack Sass Director | 1 | $0 | |
Richard Klinefelter Vice-Chairman | 1 | $0 | |
Trudi Scott Director | 1 | $0 | |
Keith Sash Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,186 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,729 |
| Gain or Loss | $1,662 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,577 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,886 |
| Total expenses | $5,190 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $168,590 |
| Other assets | $0 |
| Total assets | $168,590 |
| Total liabilities | $0 |
| Net assets or fund balances | $168,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Of The Fox River Valley Aurora, IL | $129,427,234 | $19,610,188 |
Community Foundation Of North Central Wisconsin Inc Wausau, WI | $90,468,531 | $15,305,164 |
Greater Omaha Chamber Foundation Omaha, NE | $10,667,972 | $5,354,190 |
Truman Heartland Community Foundation Independence, MO | $85,851,190 | $25,771,089 |
Rochester Area Foundation Rochester, MN | $45,116,721 | $11,703,419 |