Abner & Eliza Black Memorial Fund
- Assets
- $238.5k
- Revenue
- $29.1k
- Investments
- $222.1k
- Employees
- 0
- Location
- Winterset, IA
- Founding
- 08/1973
- Data as of
- 12/2021
- EIN
- 42-6062134
Organization Overview
Abner & Eliza Black Memorial Fund is located in Winterset, IA. The organization was established in 1973. 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. Abner & Eliza Black Memorial Fund 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, Abner & Eliza Black Memorial Fund generated $29.1k 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 (16.0%) each year. All expenses for the organization totaled $15.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Abner & Eliza Black Memorial Fund has awarded 48 individual grants totaling $127,500. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS TRUST AWARDS SCHOLARSHIPS TO PERSONS UNDER 21 YEARS OF AGE WHEN THEY FIRST APPLY, WHO ARE PHYSICALLY HANDICAPPED AND ARE RESIDENTS OF MADISON COUNTY, IOWA, TO FURTHER THEIR EDUCATION BEYOND THE HIGH SCHOOL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Nelson Trustee | 1 | $150 | |
Eva M Short Trustee | 1 | $150 | |
Carol Kiernan Trustee | 1 | $150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $15,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,793 |
| Capital Gain Net Income | $13,793 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $450 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $433 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,883 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $15,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,470 |
| 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 | $238,549 |
| 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, Abner & Eliza Black Memorial Fund has awarded $14,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ELIZABETH MCNAMARA PURPOSE: SCHOLARSHIP | $4,000 |
CALEB MCFARLAND PURPOSE: SCHOLARSHIP | $4,000 |
HALEY TRACY PURPOSE: SCHOLARSHIP | $4,000 |
CARSON BOYLE PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |