Tim Terry And Gretchen Rice-Terry Foundation Ltd
- Assets
- $17.6k
- Revenue
- $9.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 46-4465056
Organization Overview
Tim Terry And Gretchen Rice-Terry Foundation Ltd is located in Cedar Rapids, IA. The organization was established in 2015. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. Tim Terry And Gretchen Rice-Terry Foundation Ltd 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, Tim Terry And Gretchen Rice-Terry Foundation Ltd generated $9.0 in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $601.0 during the year ending 12/2021. While expenses have increased by 2.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH DONATED TO 'ST. THOMAS MORE CHURCH' FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION.
CASH DONATED TO 'BRIDGES AT ST. PAUL'S SCHOOLS' FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Terry President | 1 | $0 | |
Patricia Davidson Vice-President | 1 | $0 | |
Gretchen Rice Treasurer | 1 | $0 | |
Kristina Adams Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1 |
| Contributions, gifts, grants paid | $600 |
| Total expenses and disbursements | $601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,621 |
| Savings and temporary cash investments | $0 |
| 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 | $17,621 |
| 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, Tim Terry And Gretchen Rice-Terry Foundation Ltd has awarded $600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGES AT ST PAUL'S SCHOOLS PURPOSE: GENERAL OPERATING | $500 |
ST THOMAS MORE CHURCH PURPOSE: GENERAL OPERATING | $100 |
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Nebraska Council Of School Adminstrators Lincoln, NE | $3,184,924 | $1,897,301 |
Partnership For College Completion Chicago, IL | $3,079,798 | $3,336,622 |