William Butterworth Foundation
- Assets
- $44.2m
- Revenue
- $1.4m
- Investments
- $31.5m
- Employees
- 0
- Location
- Moline, IL
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-4274627
Organization Overview
William Butterworth Foundation is located in Moline, IL. The organization was established in 2014. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William Butterworth Foundation 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 12/2023, William Butterworth Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVES AND PROVIDES HISTORICAL HOMES TO NOT-FOR-PROFIT AND COMMUNITY ORGANIZATIONS AT NO COST. SEE ATTACHED GENERAL EXPLANATION.
SPONSOR A WIDE VARIETY OF EVENTS, CONCERTS, TOURS, SCHOOL PROGRAMS, WORKSHOPS, AND OTHER EDUCATIONAL PROGRAMS. SEE ATTACHED GENERAL EXPLANATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Mack Buildings & Grounds Committee Chair | 1 | $0 | |
Dougal Nelson Board Member | 1 | $0 | |
Geoffrey Manis Board Member | 1 | $0 | |
Heather Calvert Executive Director/secretary | 40 | $60,092 | |
Jeri L Vandervinne Board Member | 1 | $0 | |
Julie Gelaude Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo Bank | 12/30/23 | $124,749 |
Per Mar Security & Research Corp | 12/30/23 | $59,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $214,503 |
| Interest on Savings | $260 |
| Dividends & Interest | $727,914 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $369,219 |
| Capital Gain Net Income | $368,943 |
| Net ST Capital Gain | $2,297 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,153 |
| Total Revenue | $1,351,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,092 |
| Other employee salaries and wages | $702,993 |
| Pension plans, employee benefits | $140,706 |
| Interest | $0 |
| Taxes | $121,207 |
| Depreciation | $294,249 |
| Occupancy | $397,524 |
| Travel, conferences, and meetings | $151 |
| Printing and publications | $0 |
| Other expenses | $154,356 |
| Total operating and administrative expenses | $2,072,828 |
| Contributions, gifts, grants paid | $15,009 |
| Total expenses and disbursements | $2,087,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $1,810,651 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $141,610 |
| 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 | $6,627 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $1,798,992 |
| Investments—other | $19,126,168 |
| Net Land, buildings, and equipment | $10,685,925 |
| Other assets | $49,208 |
| Total assets | $44,213,229 |
| Accounts payable and accrued expenses | $126,254 |
| 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 | $96,811 |
| Total liabilities | $223,065 |
Grants Awarded
Over the last fiscal year, William Butterworth Foundation has awarded $15,009 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTANA COLLEGE PURPOSE: SCHOLARSHIPS | $2,500 |
ARROWHEAD YOUTH AND FAMILY SERVICES PURPOSE: MOTIVATE YOUTH AT RISK TO BECOME PRODUCTIVE AND RESPONSIBLE YOUNG MEN AND WOMEN BY PROVIDING THE HIGHEST QUALITY COUNSELING, EDUCATION, AND SOCIAL SERVICES TO YOUTH AND THEIR FAMILIES | $125 |
BLACK HAWK COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $2,500 |
MOLINE HIGH SCHOOL ENGLISH DEPARTMENT PURPOSE: ENGLISH DEPARTMENT LITERATURE GRANT | $2,000 |
ONE EIGHTY PURPOSE: EQUIP PEOPLE FACING CRISIS, POVERTY, AND ADDICTION TO INVEST IN HEALTHY RELATIONSHIPS, OVERCOME BARRIERS TO FREEDOM, AND ENCOUNTER A LIFE OF HOPE IN CHRIST | $125 |
QUAD CITY COMMUNITY FOUNDATION PURPOSE: QUAD CITIES DISASTER RECOVERY FUND | $259 |