The Fountain Charitable Foundation
- Assets
- $724.8k
- Revenue
- $295.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Kalona, IA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-2554837
Organization Overview
The Fountain Charitable Foundation is located in Kalona, IA. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountain Charitable 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 12/2021, Fountain Charitable Foundation generated $295.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $94.4k during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 6 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 2016, Fountain Charitable Foundation has awarded 173 individual grants totaling $180,183. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVING THE LIVES OF AT-RISK YOUTH AND YOUNG ADULTS AND THEIR FAMILIES IN EASTERN IOWA BY PROVIDING COMMUNITY SUPPORT, GROWTH AND DEVELOPMENT, SAFE ENVIRONMENTS FOR INDIVIDUALS TO LIVE AND LEARN AND POSITIVE OPPORTUNITIES FOR GROWTH AND ADVANCEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Evans President | 5 | $0 | |
Rebekah Ward Director | 5 | $0 | |
Lonnie Jordan Director | 5 | $0 | |
Rachel C Richied Director | 5 | $0 | |
Ella Walker Director | 5 | $0 | |
Michael Evans Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $242,477 |
| Interest on Savings | $15 |
| Dividends & Interest | $0 |
| Net Rental Income | $15,292 |
| 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 | $18,955 |
| Total Revenue | $295,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $5,926 |
| Pension plans, employee benefits | $0 |
| Interest | $695 |
| Taxes | $1,118 |
| Depreciation | $17,243 |
| Occupancy | $2,979 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,577 |
| Total operating and administrative expenses | $38,806 |
| Contributions, gifts, grants paid | $55,572 |
| Total expenses and disbursements | $94,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,065 |
| 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 | $14,910 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $319,078 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $340,773 |
| Other assets | $0 |
| Total assets | $724,826 |
| 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 | $82,552 |
| Other liabilities | $4,965 |
| Total liabilities | $87,517 |
Grants Awarded
Over the last fiscal year, The Fountain Charitable Foundation has awarded $55,572 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
UPPER DEER CREEK CHURCH PURPOSE: SUPPORT CHURCH MISSION TRIP | $17,000 |
Charlotte, NC PURPOSE: SUPPORT TO AID IN FUNDING THEIR MINISTRIES | $7,500 |
NEW LIFE CHURCH PURPOSE: SUPPORT OF PASTOR SERVICES FOR LOCAL CHURCH | $6,000 |
CADANINO INC PURPOSE: PROVIDES AFTER SCHOOL SERVICES TO 200 STUDENTS FROM VULNERABLE FAMILIES AT TWO COMMUNITY CENTERS IN GUATEMALA. | $4,620 |
RADIUS INTERNATIONAL PURPOSE: MISSIONARY TRAINING AND CROSS-CULTURAL TRAINING TO ESTABLISH CHURCHES AMONG UNREACHED PEOPLE | $3,000 |
Lake Odessa, MI PURPOSE: SUPPORT TO MINISTRIES MISSION | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Fountain Charitable Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
On His Path Danville, IA PURPOSE: RETROGRADE TRANSITIONAL HOUSING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Braven Incorporated Chicago, IL | $18,157,055 | $13,085,158 |
Gary Comer Youth Center Chicago, IL | $1,153,650 | $6,433,696 |
Achieve Twin Cities Minneapolis, MN | $9,710,050 | $5,735,316 |
Completely Kids Omaha, NE | $26,441,934 | $8,738,088 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
Bernies Book Bank Lake Bluff, IL | $3,547,957 | $4,899,035 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
The Sanneh Foundation Inc St Paul, MN | $8,014,398 | $5,568,906 |
Minnesota Alliance With Youth Minneapolis, MN | $2,129,148 | $3,889,585 |
Embarc Inc Chicago, IL | $4,540,107 | $3,839,352 |