Victor E & Rosa M Blum Foundation Inc
- Assets
- $3.7m
- Revenue
- $324.6k
- Investments
- $3.7m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 47-0811590
Organization Overview
Victor E & Rosa M Blum Foundation Inc is located in Lincoln, NE. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victor E & Rosa M Blum Foundation Inc 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 12/2022, Victor E & Rosa M Blum Foundation Inc generated $324.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $279.3k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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 2015, Victor E & Rosa M Blum Foundation Inc has awarded 73 individual grants totaling $1,823,331. 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
SUPPORT FOR BUILDING, EQUIPMENT AND ACTIVITIES FOR RELIGIOUS AND EDUCATIONAL PURPOSES IN YORK COUNTY, NE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Schmeichel Director | 0 | $0 | |
John Hahn Director | 0 | $0 | |
Steven Schmeichel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $85,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $239,270 |
| Capital Gain Net Income | $239,270 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $324,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,348 |
| Contributions, gifts, grants paid | $272,000 |
| Total expenses and disbursements | $279,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,024 |
| 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 | $3,712,195 |
| 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, Victor E & Rosa M Blum Foundation Inc has awarded $272,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CASA FOR YORK COUNTY PURPOSE: GENERAL DONATION | $4,000 |
EMMANUEL LUTHERAN CHURCH PURPOSE: GENERAL DONATION | $25,000 |
KILGORE MEMORIAL LIBRARY PURPOSE: GENERAL DONATION | $25,000 |
YORK FAITH LUTHERAN SCHOOL (LITTLE BLESSINGS) PURPOSE: COMPUTER SYSTEM | $20,000 |
YORK FIRE & RESCUE PURPOSE: HYDRAULIC LOADER AND HYDRO LOADER | $53,000 |
YORK PARKS & RECREATION PURPOSE: HANDICAP PARK | $25,000 |