Eastmont Towers Foundation
- Assets
- $4.4m
- Revenue
- $630.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 03/1997
- Data as of
- 09/2023
- EIN
- 91-1767080
Organization Overview
Eastmont Towers Foundation is located in Lincoln, NE. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Eastmont Towers 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 09/2023, Eastmont Towers Foundation generated $630.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $470.5k during the year ending 09/2023. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE MONEY FOR THE USE OF CHRISTIAN RETIREMENT HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE MONEY FOR THE USE OF CHRISTIAN RETIREMENT HOMES (DBA: EASTMONT TOWERS COMMUNITY), A NOT-FOR-PROFIT 501(C)(3) CORPORATION, FOR THE PROGRAMS DESCRIBED BELOW:1. BENEVOLENT LIFE CARE - PROVIDE BENEVOLENT CARE FOR LIFE CARE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES.2. BENEVOLENT HOSPICE CARE - PROVIDE BENEVOLENT HOSPICE CARE FOR COMMUNITY MEMBERS AT THE MONARCH, A HOSPICE CARE FACILITY WITHIN THE EASTMONT COMMUNITY.3. OPERATIONAL GRANTS - PROVIDE OPERATIONAL GRANTS FOR SPECIFIC IMPROVEMENTS THAT ENHANCE THE QUALITY OF LIFE OF EASTMONT RESIDENTS.4. EASTMONT CARES - SUPPORT EASTMONT EMPLOYEES WHO PERSONIFY THE EASTMONT WAY THROUGH TUITION REIMBURSEMENT AND EMERGENCY ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Fisher Mha Nha Executive Director | Trustee | 10 | $0 |
Greg Sullivan President | OfficerTrustee | 1 | $0 |
Jeff Ahl Vice President | OfficerTrustee | 1 | $0 |
Jim Essay Treasurer | OfficerTrustee | 1 | $0 |
Doug Koenig Secretary | OfficerTrustee | 1 | $0 |
Kathy Asboe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $68,302 |
| Related organizations | $8,924 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $428,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $506,158 |
| Total Program Service Revenue | $0 |
| Investment income | $97,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,738 |
| Net Income from Fundraising Events | -$6,230 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $630,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $346,307 |
| Grants and other assistance to domestic individuals. | $828 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,219 |
| Pension plan accruals and contributions | $1,212 |
| Other employee benefits | $7,804 |
| Payroll taxes | $2,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,755 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,201 |
| Office expenses | $1,268 |
| Information technology | $3,573 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,664 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $470,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225 |
| Savings and temporary cash investments | $976,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,408,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,384,845 |
| Accounts payable and accrued expenses | $1,479 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,856 |
| Total liabilities | $20,335 |
| Net assets without donor restrictions | $2,206,716 |
| Net assets with donor restrictions | $2,157,794 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,384,845 |