Kitzmiller-Bales Trust
- Assets
- $4.8m
- Revenue
- $1.3m
- Investments
- $3.7m
- Employees
- 0
- Location
- Brush, CO
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 84-6178085
Organization Overview
Kitzmiller-Bales Trust is located in Brush, CO. The organization was established in 1984. 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. Kitzmiller-Bales Trust 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, Kitzmiller-Bales Trust generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $797.8k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 8 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 2015, Kitzmiller-Bales Trust has awarded 70 individual grants totaling $5,630,180. 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
WRAY COMMUNITY DISTRICT HOSPITAL: PROVIDED FINANCIAL AID FOR CHARITABLE PROJECTS
WRAY REHABILITATION AND ACTIVITIES CENTER: PROVIDED FINANCIAL AID FOR CHARITABLE PROJECTS
HOSPICE OF THE PLAINS: PROVIDED FINANCIAL AID FOR CHARITABLE PROJECTS
WRAY SCHOOL DISTRICT RD-2: PROVIDED FINANCIAL AID FOR CHARITABLE PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farmers State Bank Trustee | 10 | $0 | |
Robert Loyd Trustee | 5 | $0 | |
L Karen Loyd Trustee | 5 | $0 | |
Danny Prather Trustee | 5 | $0 | |
Cheryl Prather Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46,057 |
| Dividends & Interest | $386,870 |
| Net Rental Income | $51,758 |
| Net Gain on Sale of Assets | $735,553 |
| Capital Gain Net Income | $735,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,817 |
| Total Revenue | $1,250,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,882 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,007 |
| Total operating and administrative expenses | $78,839 |
| Contributions, gifts, grants paid | $718,911 |
| Total expenses and disbursements | $797,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $629,450 |
| 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 | $409,531 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $26,135 |
| Total assets | $4,770,489 |
| 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, Kitzmiller-Bales Trust has awarded $718,911 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
RURAL YOUNG AMERICANS CENTER PURPOSE: DONATION- A VALENTINE AFFAIR FUNDRAISER | $11,190 |
WRAY COMMUNITY CHILD CARE CENTER PURPOSE: MATCHING GRANT, FUNDRAISER, CAPITAL IMPROVEMENTS PROJECT | $36,141 |
HOSPICE OF THE PLAINS PURPOSE: DONATION- RENOVATION TO 421 MAIN STREET WRAY CO | $108,865 |
CITY OF WRAY PURPOSE: DONATION FOR IRRIGATION CONTROL, BOOKS FOR LIBRARY, POLICE CAR | $47,777 |
WRAY COMMUNITY DISTRICT HOSPITAL PURPOSE: CAPITAL PROJECTS | $286,061 |
WRAY REHABILITATION AND ACTIVITIES CENTER PURPOSE: FUNDRAISING MATCHING FUNDS | $147,575 |