The Fountain Charitable Foundation
- Assets
- $671.8k
- Revenue
- $98.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Kalona, IA
- Founding
- 03/2016
- Data as of
- 12/2023
- 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 12/2023, Fountain Charitable Foundation generated $98.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $124.2k during the year ending 12/2023. While expenses have increased by 16.0% 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 2016, Fountain Charitable Foundation has awarded 189 individual grants totaling $268,676. 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
2023
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 | |
Michael Evans Director | 40 | $0 | |
Julia Krammer Director | 5 | $0 | |
Ella Walker Director | 5 | $0 | |
Rachel C Richied Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,840 |
| Interest on Savings | $18 |
| Dividends & Interest | $0 |
| Net Rental Income | $23,348 |
| 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 | $20,462 |
| Total Revenue | $98,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,026 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,148 |
| Depreciation | $21,361 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,965 |
| Total operating and administrative expenses | $92,050 |
| Contributions, gifts, grants paid | $32,161 |
| Total expenses and disbursements | $124,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,023 |
| 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 | $301,594 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $314,136 |
| Other assets | $0 |
| Total assets | $671,753 |
| 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 | $72,552 |
| Other liabilities | $4,995 |
| Total liabilities | $77,547 |
Grants Awarded
Over the last fiscal year, The Fountain Charitable Foundation has awarded $32,161 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CADANINO INC PURPOSE: PROVIDES AFTER SCHOOL SERVICES TO 200 STUDENTS FROM VULNERABLE FAMILIES AT TWO COMMUNITY CENTERS IN GUATEMALA. | $5,461 |
GENERATION IMPACT MINISTRIES PURPOSE: SUPPORT TO AID IN FUNDING THEIR MINISTRIES | $7,000 |
FIRE INTERNATIONAL PURPOSE: SUPPORT OF MISSIONARY WORK ALL OVER THE WORLD | $1,500 |
KENDAL SCHLABACH PURPOSE: OUTREACH MISSIONS | $1,200 |
NEW LIFE CHURCH PURPOSE: SUPPORT OF PASTOR SERVICES FOR LOCAL CHURCH | $6,000 |
RADIUS INTERNATIONAL PURPOSE: MISSIONARY TRAINING AND CROSS-CULTURAL TRAINING TO ESTABLISH CHURCHES AMONG UNREACHED PEOPLE | $3,000 |