Csb Charitable Foundation
- Assets
- $1.6m
- Revenue
- $993.9k
- Investments
- $1.6m
- Employees
- 0
- Location
- Norwalk, IA
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 82-3046849
Organization Overview
Csb Charitable Foundation is located in Norwalk, IA. The organization was established in 2018. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Csb 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, Csb Charitable Foundation generated $993.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 72.2% each year . All expenses for the organization totaled $79.4k during the year ending 12/2021. While expenses have increased by 47.8% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING PHILANTHROPY BY 1) SUPPORTING NONPROFIT ORGANIZATIONS; 2) MAKING GRANTS TO QUALIFIED NONPROFITS; 3) HOLDING AND INVESTING FUNDS FOR THE BENEFIT OF NONPROFIT ORGANIZATIONS INCLUDING DONOR ADVISED FUNDS; 4) GENERAL EDUCATION TO THE PUBLIC ABOUT CHARITABLE GIVING AND ESTATE PLANNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING PHILANTHROPY BY 1) SUPPORTING NONPROFIT ORGANIZATIONS; 2) MAKING GRANTS TO QUALIFIED NONPROFITS; 3) HOLDING AND INVESTING FUNDS FOR THE BENEFIT OF NONPROFIT ORGANIZATIONS INCLUDING DONOR ADVISED FUNDS; 4) GENERAL EDUCATION TO THE PUBLIC ABOUT CHARITABLE GIVING AND ESTATE PLANNING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Tagtow President | OfficerTrustee | 1 | $0 |
George Meinecke Vice President | OfficerTrustee | 1 | $0 |
David Albrecht Treasurer | OfficerTrustee | 1 | $0 |
Chad Stevens Secretary | OfficerTrustee | 1 | $0 |
Steven Albrecht Director | Trustee | 1 | $0 |
Richard Albrecht Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $651,634 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $651,634 |
| Total Program Service Revenue | $0 |
| Investment income | $14,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $327,236 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $993,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,107 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $256 |
| Total functional expenses | $79,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,614,540 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,614,540 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,614,540 |
| Total liabilities and net assets/fund balances | $1,614,540 |
Grants Awarded
Over the last fiscal year, Csb Charitable Foundation has awarded $67,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Mount Ayr, IA PURPOSE: CONTINUING OPERATIONS OF THE ORGANIZATION | $50,000 |
ST JOHN THE APOSTLE CATHOLIC CHURCH PURPOSE: CONTINUING OPERATIONS OF THE ORGANIZATION | $11,500 |
IOWA CATHOLIC RADIO PURPOSE: CONTINUING OPERATIONS OF THE ORGANIZATION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sethness Family Foundation Chicago, IL | $3,240,807 | $446,132 |
Wncc Facilities Corporation Scottsbluff, NE | $0 | $0 |
Community Value Alliance Inc Saint Louis, MO | $46,316 | $0 |
Csb Charitable Foundation Norwalk, IA | $1,614,540 | $993,863 |
Hastings Rotary Foundation Hastings, MN | $19,481 | $0 |
Just For Kids Foundation Maple Grove, MN | $13,140 | $0 |
Foundation For Illinois Colonial And American Studies Mt Auburn, IL | $46,727 | $0 |
Pleasant Hill Arts Foundation Pleasant Hill, IA | $54,694 | $44,735 |
Dcb Foundation Cedar Rapids, IA | $2,606,079 | $91,305 |
Americans For Good Inc Barrington, IL | $854,209 | $15,000 |
Virgil And Marjorie Norgaard Educational Tr Litchfield, MN | $208,835 | $15,060 |
Community Real Estate And Personal Property Foundation Inc Appleton, WI | $3,808,394 | $72,043 |