Iowa Lakes Electric Members Charitable Foundation
- Assets
- $40.5k
- Revenue
- $83.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Estherville, IA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 82-5248472
Organization Overview
Iowa Lakes Electric Members Charitable Foundation is located in Estherville, IA. The organization was established in 2019. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Lakes Electric Members 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, Iowa Lakes Electric Members Charitable Foundation generated $83.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $59.6k during the year ending 12/2023. While expenses have increased by 12.4% 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 2019, Iowa Lakes Electric Members Charitable Foundation has awarded 138 individual grants totaling $335,569. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Deim Chairman | 1 | $0 | |
Jarrett Smith Vice Chair | 1 | $0 | |
Ruth Brown Secretary | 1 | $0 | |
Dan Sievers Treasurer | 1 | $0 | |
Bob Emgarten Director | 1 | $0 | |
Robin Hauswirth Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,539 |
| Interest on Savings | $97 |
| Dividends & Interest | $0 |
| 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 | $83,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,015 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,110 |
| Contributions, gifts, grants paid | $52,450 |
| Total expenses and disbursements | $59,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,543 |
| 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 | $40,543 |
| 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, Iowa Lakes Electric Members Charitable Foundation has awarded $52,450 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CLAY COUNTY AGRICULTURE EXTENSION DISTRICT PURPOSE: CLAY COUNTY EXTENSION NEW BUILDING SIGNAGE | $4,000 |
WEST ELEMENTARY PARTNERS IN EDUCATION PURPOSE: WEST ELEMENTARY PLAYGROUND UPDATE | $4,000 |
BRUGJELD-PETERSON POINT HISTORIC FARMSTEAD PURPOSE: RESTORATION | $2,000 |
AMERICAN LEGION OWEN GOODWIN POST #248 PURPOSE: FLAGS FOR VETERANS | $3,000 |
BUENA VISTA COUNTY EMERGENCY MANAGEMENT AGENCY PURPOSE: BV COUNTY GRAIN BIN RESCUE | $4,000 |
EMMETSBURG BASEBALLSOFTBALL ACADEMY PURPOSE: HIT TRAX SYSTEM | $2,000 |