Kenneth And Ethel Powell Trust
- Assets
- $933.1k
- Revenue
- $112.2k
- Investments
- $922.9k
- Employees
- 0
- Location
- Wray, CO
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 84-6244550
Organization Overview
Kenneth And Ethel Powell Trust is located in Wray, CO. The organization was established in 1992. 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. Kenneth And Ethel Powell 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 12/2021, Kenneth And Ethel Powell Trust generated $112.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $130.6k during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 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, Kenneth And Ethel Powell Trust has awarded 41 individual grants totaling $600,504. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF WRAY- DONATION, WRAY AQUATIC CENTER
THE CUBS DEN COMMUNITY CHILDCARE CENTER- DONATION, FUNDRAISER
VETERANS OF FOREIGN WARS POST 4671- DONATION, HVAC AND EXTERIOR REFURB
CITY OF WRAY/WRAY COUNTRY CLUB-DONATION, PURCHASE OF GOLF CARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farmers State Bank Co Judith Gunnon Trustee | 5 | $0 | |
Robert Loyd Trustee | 1 | $0 | |
Danny Prather Trustee | 1 | $0 | |
L Karen Loyd Trustee | 1 | $0 | |
Cheryl Prather Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $50,950 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,614 |
| Capital Gain Net Income | $60,614 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $578 |
| Total Revenue | $112,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $163 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,546 |
| Total operating and administrative expenses | $10,629 |
| Contributions, gifts, grants paid | $119,941 |
| Total expenses and disbursements | $130,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,237 |
| 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 | $933,121 |
| 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, Kenneth And Ethel Powell Trust has awarded $119,941 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF WRAY PURPOSE: DONATION, WRAY AQUATIC CENTER | $41,707 |
VETERANS OF FOREIGN WARS POST 4671 PURPOSE: DONATION, HVAC AND EXTERIOR REFURB | $20,000 |
THE CUBS DEN COMMUNITY CHILDCARE CENTER PURPOSE: DONATION, FUNDRAISER | $20,000 |
CITY OF WRAYWRAY COUNTRY CLUB PURPOSE: DONATION, PURCHASE OF GOLF CARTS | $19,800 |
IDALIA SCHOOL DISTRICT RJ-3 PURPOSE: DONATION, CAPITAL IMPROVEMENTS | $13,717 |
WRAY COMMUNITY CHILD CARE CENTER PURPOSE: DONATION, CAPITAL PROJECTS | $4,717 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |