Kinney-Lindstrom Foundation Inc
- Assets
- $4.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 08/1958
- Data as of
- 12/2022
- EIN
- 42-6037351
Organization Overview
Kinney-Lindstrom Foundation Inc is located in Mason City, IA. The organization was established in 1958. 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. Kinney-Lindstrom 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 12/2022, Kinney-Lindstrom Foundation Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kinney-Lindstrom Foundation Inc has awarded 82 individual grants totaling $1,111,515. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Hall Found. Manager | 35 | $36,000 | |
John Greve Sec Treas | 8 | $6,000 | |
William Eckard Trustee | 5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $201 |
| Dividends & Interest | $0 |
| Net Rental Income | $859,717 |
| Net Gain on Sale of Assets | $2,028,509 |
| Capital Gain Net Income | $1,028,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $103,725 |
| Total Revenue | $2,992,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,631 |
| Taxes | $95,932 |
| Depreciation | $133,107 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168,030 |
| Total operating and administrative expenses | $469,050 |
| Contributions, gifts, grants paid | $657,049 |
| Total expenses and disbursements | $1,126,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,129,345 |
| 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 | $1,540,696 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $775,092 |
| Other assets | $0 |
| Total assets | $4,445,133 |
| 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, Kinney-Lindstrom Foundation Inc has awarded $535,181 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
STORY COUNTY MEDICAL CENTER PURPOSE: CAPITAL COMPAIGN | $55,000 |
HAWKEYE HARVEST FOODBANK PURPOSE: COVID FUNDING | $10,000 |
NORTH IOWA CHRISTIAN SCHOOL PURPOSE: BUILDING PROJECT | $25,000 |
CITY OF CLARKSVILLE PURPOSE: SKATE PARK | $2,500 |
CITY OF CLEAR LAKE PURPOSE: PARK SUPPORT | $4,158 |
CERRO GORDO CO CONSERVATION BOARD PURPOSE: LAND PURCHASE | $15,000 |