Dcb Foundation
- Assets
- $2.6m
- Revenue
- $91.3k
- Investments
- $2.6m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-2565278
Organization Overview
Dcb Foundation is located in Cedar Rapids, IA. The organization was established in 2019. 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. Dcb 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, Dcb Foundation generated $91.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (59.8%) each year. All expenses for the organization totaled $26.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (88.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $58,466 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,578 |
| Capital Gain Net Income | $32,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $261 |
| Total Revenue | $91,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $482 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,747 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $26,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,499 |
| Savings and temporary cash investments | $0 |
| 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 | $1,249,389 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,606,079 |
| 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, Dcb Foundation has awarded $18,661,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA REPERTORY COMPANY PURPOSE: CAPITAL ACQUISITIONS | $15,011,000 |
Ft Myers, FL PURPOSE: BUILDING PROJECT | $1,650,000 |
Sanibel, FL PURPOSE: EMERGENCY FUND AND CAPITAL ACQUISITIONS | $1,000,000 |
Sanibel, FL PURPOSE: EMERGENCY FUND | $500,000 |
GRACE EPISCOPAL CHURCH PURPOSE: GENERAL FUND AND EMERGENCY FUND | $500,000 |
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 |