Michael E Portzen And Sara A Portzen Family Foundation
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $1.3m
- Employees
- 0
- Location
- Peosta, IA
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 45-4523314
Organization Overview
Michael E Portzen And Sara A Portzen Family Foundation is located in Peosta, IA. The organization was established in 2013. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael E Portzen And Sara A Portzen Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Michael E Portzen And Sara A Portzen Family Foundation has awarded 25 individual grants totaling $8,878,000. 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 |
|---|---|---|---|
Sara A Portzen Vice President/director | 0 | $0 | |
Michael E Portzen President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $54,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $142,461 |
| Capital Gain Net Income | $142,461 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $396 |
| Total Revenue | $1,197,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,637 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,392 |
| Total operating and administrative expenses | $27,525 |
| Contributions, gifts, grants paid | $806,000 |
| Total expenses and disbursements | $833,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,046,485 |
| 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 | $2,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,322,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,370,924 |
| 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, Michael E Portzen And Sara A Portzen Family Foundation has awarded $3,406,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF RESURRECTION PURPOSE: BUILDING A VISIBLE PRESENCE | $1,750,000 |
CHURCH OF RESURRECTION PURPOSE: BUILDING A VISIBLE PRESENCE | $750,000 |
Dubuque, IA PURPOSE: ARCHDIOCESE ONE CAMPAIGN | $500,000 |
Dubuque, IA PURPOSE: PLATFORM FOR EXCELLENCE | $200,000 |
NATIONAL MISSISSIPPI RIVER MUSEUM PURPOSE: PERSERVE THE WONDER | $60,000 |
STEEPLE SQUARE PURPOSE: CAMPUS UPGRADES | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Downtown Riverfront Trust Omaha, NE | $158,815,743 | $28,894,950 |
Cedar Street Charitable Foundation Inc Milwaukee, WI | $72,743,564 | $36,616,391 |
Missouri River Historical Develop- Ment Inc Sioux City, IA | $5,283,123 | $4,260,184 |
Mid-America Regional Council Community Services Corporation Kansas City, MO | $2,213,477 | $3,497,916 |
East Moline Public Library Foundation East Moline, IL | $757,119 | $745,684 |
Lions Eye Bank Of Nebraska Inc Omaha, NE | $1,294,496 | $1,516,053 |
Generating Income For Tomorrow Kansas City, MO | $295,787 | $1,133,745 |
Kc Air Show Charities Inc Kansas City, MO | $68,342 | $938,134 |
Michael E Portzen And Sara A Portzen Family Foundation Peosta, IA | $2,370,924 | $1,197,691 |
Heart Of America Redistribution Solutions And Support Sedalia, MO | $435,050 | $1,090,030 |
Owatonna Area Chamber Foundation Owatonna, MN | $195,093 | $449,503 |
Community Betterment Organization Pella, IA | $2,432,406 | $1,698,245 |