Willard E Borchers Family Charitable Foundation
- Assets
- $855.0k
- Revenue
- $128.8k
- Investments
- $805.4k
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 02-0641115
Organization Overview
Willard E Borchers Family Charitable Foundation is located in Hastings, NE. The organization was established in 2003. 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. Willard E Borchers Family Charitable 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 12/2021, Willard E Borchers Family Charitable Foundation generated $128.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $35.4k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 6 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 2014, Willard E Borchers Family Charitable Foundation has awarded 12 individual grants totaling $127,000. 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
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | 1 | $2,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000 |
| Interest on Savings | $26 |
| Dividends & Interest | $20,572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,520 |
| Capital Gain Net Income | $22,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,730 |
| Total Revenue | $128,848 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,863 |
| Contributions, gifts, grants paid | $21,500 |
| Total expenses and disbursements | $35,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,633 |
| 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 | $22,500 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $854,999 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,000 |
| 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 | $2,000 |
Grants Awarded
Over the last fiscal year, Willard E Borchers Family Charitable Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $14,000 |
Lincoln, NE PURPOSE: SCHOLARSHIPS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |
Colorado Restaurant Association Education Fund Denver, CO | $2,210,454 | $2,452,590 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |
Horizon Academy Roeland Park, KS | $4,054,986 | $3,713,037 |