Herbert L And Nancy M Townsend Foundation
- Assets
- $21.8m
- Revenue
- $776.9k
- Investments
- $21.7m
- Employees
- 0
- Location
- Wilton, IA
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-2479056
Organization Overview
Herbert L And Nancy M Townsend Foundation is located in Wilton, IA. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Herbert L And Nancy M Townsend 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 12/2022, Herbert L And Nancy M Townsend Foundation generated $776.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herbert L And Nancy M Townsend Foundation has awarded 50 individual grants totaling $6,246,457. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis M Henning President | 1 | $0 | |
Mark R Gillett Vice-President | 1 | $0 | |
Eric J Thomsen Treasurer | 1 | $0 | |
Barbara T Soenksen Secretary | 1 | $0 | |
Dwight Glenney Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,374 |
| Dividends & Interest | $494,144 |
| Net Rental Income | $66,939 |
| Net Gain on Sale of Assets | $94,851 |
| Capital Gain Net Income | $94,851 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,287 |
| Total Revenue | $776,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,871 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,128 |
| Total operating and administrative expenses | $113,154 |
| Contributions, gifts, grants paid | $1,315,311 |
| Total expenses and disbursements | $1,428,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,721 |
| Savings and temporary cash investments | $17,939 |
| 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 | $7,010,448 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,761,569 |
| 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, Herbert L And Nancy M Townsend Foundation has awarded $1,315,311 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP WYOMING PURPOSE: GENERAL OPERATING FUND | $15,525 |
CITY OF WILTON PURPOSE: ENERGY BILL RELIEF | $4,086 |
CEDAR COUNTY FAIR PURPOSE: GENERAL OPERATING FUND | $5,000 |
CITY OF WILTON PURPOSE: SUPPORT FOR THE POLICE DEPARTMENT | $5,000 |
COMMUNITY FOUNDATION OF GREATER MUSCATINE PURPOSE: SCHOLARSHIPS | $200,000 |
COMMUNITY FOUNDATION OF GREATER MUSCATINE PURPOSE: SUPPORT FOR THE MUSCATINE COUNTY FAIR | $10,000 |