Robert B And Emilie W Betts Foundation
- Assets
- $786.8k
- Revenue
- $101.5k
- Investments
- $773.2k
- Employees
- 0
- Location
- Dubois, WY
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 83-0305462
Organization Overview
Robert B And Emilie W Betts Foundation is located in Dubois, WY. The organization was established in 1995. 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. Robert B And Emilie W Betts 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, Robert B And Emilie W Betts Foundation generated $101.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $143.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert B And Emilie W Betts Foundation has awarded 34 individual grants totaling $255,500. 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 |
|---|---|---|---|
Emilie W Betts President | 5 | $0 | |
Robert B Betts Vice President/secretary | 10 | $40,000 | |
Brooks Betts Vice President/treasurer | 10 | $0 | |
Jeffrey Coppersmith Asst Secy | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $39,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,898 |
| Capital Gain Net Income | $61,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $5,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,958 |
| Depreciation | $0 |
| Occupancy | $5,971 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,321 |
| Total operating and administrative expenses | $65,850 |
| Contributions, gifts, grants paid | $77,500 |
| Total expenses and disbursements | $143,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,612 |
| 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 | $786,768 |
| 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, Robert B And Emilie W Betts Foundation has awarded $77,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF DUBOIS PURPOSE: CHARITABLE | $10,000 |
CASPER COLLEGE PURPOSE: EDUCATIONAL | $1,000 |
DUBOIS RODEO ASSOCIATION PURPOSE: CHARITABLE | $5,000 |
DUBOIS AREA OPPORTUNITIES FUND CHALLANGE PURPOSE: CHARITABLE | $10,000 |
SOSU FINANCIAL AID PURPOSE: CHARITABLE | $1,000 |
PETER MICHAEL FOUNDATION PURPOSE: CHARITABLE | $10,000 |