Paxton Family Trust
- Assets
- $517.3k
- Revenue
- $21.1k
- Investments
- $489.9k
- Employees
- 0
- Location
- Storm Lake, IA
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 42-6567814
Organization Overview
Paxton Family Trust is located in Storm Lake, IA. The organization was established in 2006. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paxton Family Trust 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 06/2022, Paxton Family Trust generated $21.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $37.2k during the year ending 06/2022. While expenses have increased by 0.3% 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 2016, Paxton Family Trust has awarded 24 individual grants totaling $231,052. 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
CITY OF STORM LAKE - DISTRIBUTION FOR PARK/LAKE ACTIVITIES STORM LAKE, IA
CITY OF STORM LAKE - DONATION USED FOR CONTINUED MAINTENANCE OF MEMORIAL GARDENS STORM LAKE, IA
STAR SPANGLED SPECTACULAR - DONATION FOR COMMUNITY WIDE 4TH OF JULY CELEBRATION STORM LAKE, IA
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $51 |
| Dividends & Interest | $21,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $30,197 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$567 |
| Total Revenue | $21,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,848 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,776 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,934 |
| Contributions, gifts, grants paid | $30,260 |
| Total expenses and disbursements | $37,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,413 |
| 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 | $517,327 |
| 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, Paxton Family Trust has awarded $30,260 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF STORM LAKE PURPOSE: PARK BEAUTIFICATION | $25,400 |
PAXTON TRUST GARDENS PURPOSE: PARK BEAUTIFICATION | $4,660 |
STAR SPANGLED SPECTACULAR PURPOSE: CIVIC CELEBRATION | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Cunningham Development Trust Omaha, NE | $3,688,458 | $8,194,435 |
Seventy-Five North Revitalization Corporation Omaha, NE | $33,010,076 | $5,917,570 |
Kindness Campaign Chicago, IL | $242,596 | $1,983,010 |
Airport Foundation Msp St Paul, MN | $950,360 | $1,324,223 |
Keep Omaha Beautiful Omaha, NE | $667,250 | $604,428 |
Keep Iowa Beautiful West Des Moines, IA | $250,279 | $665,822 |
Green Schools National Network Inc Iowa City, IA | $207,625 | $338,966 |
Downtown West Plains Inc West Plains, MO | $4,028,208 | $902,055 |
Friends Of Bunker Hill Columbia, MO | $452,041 | $422,515 |
Green Minneapolis Minneapolis, MN | $1,800,606 | $610,185 |
Future Neenah Inc Neenah, WI | $1,629,801 | $509,007 |
Clean Up The River Environment Montevideo, MN | $879,808 | $688,112 |