Wright Service Corp Foundation For Sustainability And Innovation
- Assets
- $434.3k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- Data as of
- 12/2022
- EIN
- 85-0738221
Organization Overview
Wright Service Corp Foundation For Sustainability And Innovation is located in West Des Moines, IA. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wright Service Corp Foundation For Sustainability And Innovation 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, Wright Service Corp Foundation For Sustainability And Innovation generated $200.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $157.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Packard President | 1 | $0 | |
Terry Mcgonegle Secretary/treasurer | 1 | $0 | |
John Harsch Director | 1 | $0 | |
Robert Riley Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| 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 | $200,000 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $2,501 |
| Total operating and administrative expenses | $2,501 |
| Contributions, gifts, grants paid | $155,000 |
| Total expenses and disbursements | $157,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,328 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $200,000 |
| 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 | $434,328 |
| Accounts payable and accrued expenses | $220 |
| Grants payable | $107,500 |
| 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 | $107,720 |
Grants Awarded
Over the last fiscal year, Wright Service Corp Foundation For Sustainability And Innovation has awarded $155,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LAND STEWARDSHIP PROJECT PURPOSE: SUPPORTING FARMERS TO ADOPT REGENERATIVE AGRICULTURE PRACTICES | $12,500 |
UNIVERSITY OF NORTHERN IOWA FOUNDATION PURPOSE: GREEN IOWA AMERICORPS TREE CANOPY RECOVERY PROJECT | $25,000 |
NATURE CONSERVANCY PURPOSE: ENSURING HEALTHY SOIL FOR GREATER FARM PROFITABILITY IN MINNESOTA | $25,000 |
TREES FOREVER PURPOSE: PLANTING HOPE TREE RECOVERY FUND | $42,500 |
FRIENDS OF DES MOINES PARKS PURPOSE: DM PARKS AND REC TREE PLANTING AND DERECHO REPLACEMENT FUND | $50,000 |