Paul B Sharar Foundation For Clinton Campus
- Assets
- $7.8m
- Revenue
- $806.4k
- Investments
- $7.1m
- Employees
- 0
- Location
- Clinton, IA
- Founding
- 10/1968
- Data as of
- 08/2023
- EIN
- 42-6102696
Organization Overview
Paul B Sharar Foundation For Clinton Campus is located in Clinton, IA. The organization was established in 1968. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul B Sharar Foundation For Clinton Campus 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 08/2023, Paul B Sharar Foundation For Clinton Campus generated $806.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $473.2k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Paul B Sharar Foundation For Clinton Campus has awarded 23 individual grants totaling $2,989,009. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT CONTRIBUTIONS FOR RESEARCH AND EDUCATIONAL ACTIVITIES FOR THE EASTERN IOWA COMMUNITY DISTRICT, CLINTON CAMPUS, CLINTON, IA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO CLINTON COMMUNITY COLLEGE STUDENTS
GRANTS TO STUDENT ORGANIZATIONS OF CLINTON COMMUNITY COLLEGE
GRANTS TO FACULTY AND STAFF OF CLINTON COMMUNITY COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Delacy Director | Trustee | 1 | $0 |
Beth Hughes Director | Trustee | 1 | $0 |
Brenda Kunau Director | Trustee | 1 | $0 |
Regina Lehman Director | Trustee | 1 | $0 |
Amber Matthiesen Director | Trustee | 1 | $0 |
Lynn Mcgraw Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,244 |
| Total Program Service Revenue | $0 |
| Investment income | $230,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $806,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,131 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $236,290 |
| Advertising and promotion | $0 |
| Office expenses | $3,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $473,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,063,313 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,000 |
| Total assets | $7,848,532 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,918,515 |
| Net assets with donor restrictions | $4,930,017 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,848,532 |
Grants Awarded
Over the last fiscal year, Paul B Sharar Foundation For Clinton Campus has awarded $230,131 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN IOWA COMMUNITY COLLEGE DISTCLINTON COMMUNITY COLLEGE | | | $204,457 |
EASTERN IOWA COMMUNITY COLLEGE DISTCLINTON COMMUNITY COLLEGE | | | $25,674 |