Carleen And Eugene Grandon Charitable Foundation
- Assets
- $29.5m
- Revenue
- $492.6k
- Investments
- $28.4m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 20-1134857
Organization Overview
Carleen And Eugene Grandon Charitable Foundation is located in Cedar Rapids, IA. The organization was established in 2004. 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. Carleen And Eugene Grandon 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 12/2023, Carleen And Eugene Grandon Charitable Foundation generated $492.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carleen And Eugene Grandon Charitable Foundation has awarded 104 individual grants totaling $4,409,978. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis C Wangeman Treasurer | 5 | $24,000 | |
Andrea K Orth President | 40 | $140,000 | |
Douglas D Flugum Trustee | 1 | $0 | |
Kristin C Novak Secretary | 1 | $0 | |
Stephanie L Steele Trustee | 1 | $0 | |
Daniel A Trautman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,185 |
| Interest on Savings | $169,074 |
| Dividends & Interest | $390,480 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$89,889 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $751 |
| Total Revenue | $492,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $164,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $14,878 |
| Interest | $0 |
| Taxes | $12,776 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $324 |
| Printing and publications | $0 |
| Other expenses | $149,003 |
| Total operating and administrative expenses | $342,781 |
| Contributions, gifts, grants paid | $1,308,418 |
| Total expenses and disbursements | $1,651,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,077,870 |
| 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 | $644 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,457,805 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,490,815 |
| 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, Carleen And Eugene Grandon Charitable Foundation has awarded $1,308,418 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN HERITAGE MUSEUM PURPOSE: SUPPORT ESTABLISHED ORGANIZATION. | $6,500 |
CEDAR RAPIDS OPERA THEATRE PURPOSE: SUPPORT ESTABLISHED ORGANIZATION. | $125,000 |
CHILDSERVE PURPOSE: SUPPORT ESTABLISHED ORGANIZATION. | $29,618 |
FIVE SEASONS CHAMBER MUSIC PURPOSE: SUPPORT ESTABLISHED ORGANIZATION. | $5,000 |
COMMUNITY HEALTH FREE CLINIC PURPOSE: SUPPORT ESTABLISHED ORGANIZATION. | $100,000 |
FOUR OAKS FAMILY AND PURPOSE: SUPPORT ESTABLISHED ORGANIZATION. | $39,500 |