Van Buren Foundation Inc
- Assets
- $10.6m
- Revenue
- $661.0k
- Investments
- $9.5m
- Employees
- 0
- Location
- Keosauqua, IA
- Founding
- 06/1957
- Data as of
- 12/2021
- EIN
- 42-6062589
Organization Overview
Van Buren Foundation Inc is located in Keosauqua, 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. Van Buren 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 12/2021, Van Buren Foundation Inc generated $661.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $369.6k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 4 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, Van Buren Foundation Inc has awarded 261 individual grants totaling $1,445,141. 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
EXPENSES ATTRIBUTABLE TO ROBERST MEMORIAL BUILDING - SEE SCHEDULE
OTHER QUALIFYING GRANTS AND SCHOLARSHIPS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Gunn 1st Vice President | 0.25 | $0 | |
Lisa Plowman Secretary | 0.25 | $0 | |
Cale Plowman Director | 0.25 | $0 | |
Steve Duke Director | 0.25 | $0 | |
Denae Meek Director | 0.25 | $0 | |
Katie Nichols Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,100 |
| Interest on Savings | $2,086 |
| Dividends & Interest | $98,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $550,302 |
| Capital Gain Net Income | $550,302 |
| Net ST Capital Gain | $30,198 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,480 |
| Total Revenue | $660,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,991 |
| Depreciation | $35,589 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,168 |
| Total operating and administrative expenses | $152,785 |
| Contributions, gifts, grants paid | $216,832 |
| Total expenses and disbursements | $369,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,457 |
| Savings and temporary cash investments | $557,393 |
| 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 | $4,003 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $497,183 |
| Other assets | $0 |
| Total assets | $10,647,371 |
| Accounts payable and accrued expenses | $1,361 |
| Grants payable | $137,900 |
| 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 | $139,261 |
Grants Awarded
Over the last fiscal year, Van Buren Foundation Inc has awarded $216,831 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
Keosauqua, IA PURPOSE: ANNUAL FUNDING | $34,000 |
CITY OF KEOSAUQUA PURPOSE: LACEY PARK TRAIL | $27,500 |
CITY OF FARMINGTON PURPOSE: CAMPGROUND EXPANSION AT INDIAN LAKE | $15,000 |
CITY OF KEOSAUQUA PURPOSE: POOL | $10,000 |
DOUDS UNITED METHODIST CHURCH PURPOSE: REPLACE CHURCH FURNACE | $10,000 |
CITY OF BIRMINGHAM PURPOSE: TURN OUT GEAR | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |