Family Benevolent Foundation
- Assets
- $527.8k
- Revenue
- $45.5k
- Investments
- $523.8k
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 48-1285065
Organization Overview
Family Benevolent Foundation is located in Hastings, NE. The organization was established in 2003. 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. Family Benevolent 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, Family Benevolent Foundation generated $45.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $49.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Family Benevolent Foundation has awarded 96 individual grants totaling $267,020. 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
NONE
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 |
|---|---|---|---|
David O Peterson Vp/dir | 0.5 | $0 | |
Margaret C Peterson Dir | 0.5 | $0 | |
David A Peterson Dir | 0.5 | $0 | |
Mark A Peterson Treas/dir | 0.5 | $0 | |
Mary L Peterson Dir | 0.5 | $0 | |
Daniel A Peterson Dir | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $21 |
| Dividends & Interest | $20,515 |
| Net Rental Income | $0 |
| 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 | $0 |
| Total Revenue | $45,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,559 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $49,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,048 |
| 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 | $527,828 |
| 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, Family Benevolent Foundation has awarded $46,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA HARVEST FUND PURPOSE: EDUCATION SUPPORT | $3,000 |
WORLD VISION PURPOSE: WORLD HEALTH RELIEF | $720 |
TOPICAL HEALTH ALLIANCE PURPOSE: ETHIOPIA POVERTY RELIEF | $3,200 |
ORPHAN GRAIN TRAIN PURPOSE: WORLD POVERTY RELIEF | $7,500 |
ORPHAN GRAIN TRAIN PURPOSE: WORLD POVERTY RELIEF | $2,500 |
NEW LIFE LUTHERAN CHURCH PURPOSE: LUTHERAN MINISTRY LIBERIA | $10,000 |