Walter H Beers And Dorris Ann Beers Private Foundation
- Assets
- $1.9m
- Revenue
- $143.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Bushnell, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-2250531
Organization Overview
Walter H Beers And Dorris Ann Beers Private Foundation is located in Bushnell, IL. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walter H Beers And Dorris Ann Beers Private 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, Walter H Beers And Dorris Ann Beers Private Foundation generated $143.8k 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 (57.5%) each year. All expenses for the organization totaled $184.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Walter H Beers And Dorris Ann Beers Private Foundation has awarded 12 individual grants totaling $183,318. 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
SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL SENIORS TO PURSUE SECONDARY EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Holland President | 1 | $0 | |
Chad Hensley VP & Treasurer | 1 | $0 | |
Stacy Batson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $132 |
| Dividends & Interest | $59,271 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,381 |
| Capital Gain Net Income | $84,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,920 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $52,176 |
| Contributions, gifts, grants paid | $131,907 |
| Total expenses and disbursements | $184,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $110,713 |
| 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 | $1,799,281 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,909,994 |
| 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, Walter H Beers And Dorris Ann Beers Private Foundation has awarded $131,907 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS CENTRAL COLLEGE PURPOSE: SCHOLARSHIPS | $26,383 |
UNIVERSITY OF ILLINOIS PURPOSE: SCHOLARSHIPS | $26,381 |
SAN DIEGO STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $26,381 |
UNIVERSITY OF ILLINOIS PURPOSE: SCHOLARSHIPS | $26,381 |
IOWA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $26,381 |