A W & Nellie B Armstrong Foundation Inc
- Assets
- $332.8k
- Revenue
- $50.1k
- Investments
- $3.8k
- Employees
- 0
- Location
- Phillipsburg, KS
- Founding
- 03/1971
- Data as of
- 12/2021
- EIN
- 48-0772936
Organization Overview
A W & Nellie B Armstrong Foundation Inc is located in Phillipsburg, KS. The organization was established in 1971. 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. A W & Nellie B Armstrong 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 12/2021, A W & Nellie B Armstrong Foundation Inc generated $50.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $41.6k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 5 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
PAYMENT TO 28 EXEMPT ORGANIZATIONS SELECTED--$125 TO $3,000 EACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Culbertson Director | 0.1 | $0 | |
Lloyd K Culbertson Jr Secretary/treas | 0.1 | $0 | |
Katherine Culbertson President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,878 |
| Dividends & Interest | $0 |
| Net Rental Income | $30,997 |
| 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 | $2,748 |
| Total Revenue | $50,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $447 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,015 |
| Total operating and administrative expenses | $16,091 |
| Contributions, gifts, grants paid | $25,500 |
| Total expenses and disbursements | $41,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,999 |
| Savings and temporary cash investments | $149,804 |
| 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 | $162,160 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,795 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $332,759 |
| 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 |
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