Hall-Perrine Foundation
- Assets
- $140.6m
- Revenue
- $15.0m
- Investments
- $138.8m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 08/1957
- Data as of
- 12/2021
- EIN
- 42-6057097
Organization Overview
Hall-Perrine Foundation is located in Cedar Rapids, IA. The organization was established in 1957. 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. Hall-Perrine 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, Hall-Perrine Foundation generated $15.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 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 2015, Hall-Perrine Foundation has awarded 182 individual grants totaling $54,826,767. 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 |
|---|---|---|---|
Julie L Johnson Executive Director | 30 | $107,010 | |
Jack B Evans Chair Of The Board | 10 | $31,754 | |
Darrel A Morf Vice President | 1 | $0 | |
Charles M Peters Treasurer | 1 | $0 | |
Iris E Muchmore Secretary | 1 | $0 | |
Ernest J Buresh Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/21 | $138,335 |
Gamco Investor's Inc | 12/30/21 | $129,886 |
Bernstein | 12/30/21 | $179,096 |
Us Bank | 12/30/21 | $104,951 |
Td Ameritrade Institutional | 12/30/21 | $63,804 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $2,521,483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,458,940 |
| Capital Gain Net Income | $12,458,940 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,980,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $138,764 |
| Other employee salaries and wages | $79,418 |
| Pension plans, employee benefits | $34,138 |
| Interest | $0 |
| Taxes | $198,360 |
| Depreciation | $9,812 |
| Occupancy | $24,712 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,081 |
| Total operating and administrative expenses | $1,198,015 |
| Contributions, gifts, grants paid | $6,695,251 |
| Total expenses and disbursements | $7,893,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,394,427 |
| Net Accounts receivable | $352,681 |
| 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 | $54,354 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $29,437 |
| Other assets | $0 |
| Total assets | $140,581,654 |
| Accounts payable and accrued expenses | $23,506 |
| Grants payable | $8,225,732 |
| 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 | $8,249,238 |
Grants Awarded
Over the last fiscal year, Hall-Perrine Foundation has awarded $9,695,251 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA PURPOSE: MARION-NEW BUILDING | $1,000,000 |
BRUCEMORE PURPOSE: CAPITAL PRESERVATION | $1,000,000 |
Mount Vernon, IA PURPOSE: SMALL SPORTS CENTER EXPANSION | $1,000,000 |
Cedar Rapids, IA PURPOSE: HALLMAR VILLAGE CONSTRUCTION AND RENOVATION | $800,000 |
Cedar Rapids, IA PURPOSE: HALL RADIATION CENTER EQUIPMENT $500,000, HALLMAR VILLAGE CONSTRUCTION AND RENOVATION $200,000 | $700,000 |
UNITED WAY OF EAST CENTRAL IOWA PURPOSE: ANNUAL CAMPAIGN | $561,200 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hall-Perrine Foundation has recieved totaling $470.
| Awarding Organization | Amount |
|---|---|
The Accel Foundation Waverly, IA PURPOSE: FLEECE BLANKETS FOR CANCER PATIENTS | $288 |
The Accel Foundation Waverly, IA PURPOSE: FLEECE BLANKETS FOR CANCER PATIENTS | $182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |