Blanden Charitable Foundation
- Assets
- $3.0m
- Revenue
- $108.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Dodge, IA
- Founding
- 01/1973
- Data as of
- 06/2021
- EIN
- 23-7251297
Organization Overview
Blanden Charitable Foundation is located in Fort Dodge, IA. The organization was established in 1973. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blanden 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 06/2021, Blanden Charitable Foundation generated $108.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $108.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO STRIVE TO INSPIRE AND NURTURE EDUCATION IN AND APPRECIATION OF THE VISUAL ARTS THROUGH THE PERMANENT COLLECTION, INNOVATIVE EXHIBITIONS AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION - EXHIBITIONS AND SPECIAL EVENTS SUCH AS CURATOR AND ARTIST LECTURE AND ARTIST DEMONSTRATIONS WERE OFFERED IN THE YEAR.
EDUCATION - CHILDREN & ADULTS PARTICIPATED IN CLASSES AT THE MUSEUM; HAD EDUCATIONAL TOUR PARTICIPANTS; GRADE SCHOOL CHILDREN WERE TAUGHT A CLASS BY THE MUSEUM EDUCATOR IN OUR "ART IN THE SCHOOLS PROGRAMX; ADULTS PARTICIPANTED IN OUR "COMMUNITY FOCUS PROGRAM".
COLLECTION - PURCHASE AND CONSERVATION OF ART
PROMOTION OF THE MUSEUM TO ENCOURAGE THE PUBLIC TO VISIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Ahlers-Leman Secretary | Officer | 0.15 | $0 |
Darcy Lee Vice President | Officer | 0.15 | $0 |
Rusty Farrington President | Officer | 0.15 | $0 |
Steve Kersten Treasurer | Officer | 0.15 | $0 |
Maureen Seamonds Director | Trustee | 0.15 | $0 |
Jo Seltz Director | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,197 |
| Total Program Service Revenue | $0 |
| Investment income | $67,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,737 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,889 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,584 |
| Office expenses | $2,387 |
| Information technology | $1,332 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $54,332 |
| Total functional expenses | $108,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,565 |
| Savings and temporary cash investments | $0 |
| 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 | $2,767,391 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,136 |
| Total assets | $2,993,092 |
| Accounts payable and accrued expenses | $237 |
| 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 | $0 |
| Total liabilities | $237 |
| Net assets without donor restrictions | $2,691,655 |
| Net assets with donor restrictions | $301,200 |
| 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 | $2,993,092 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Blanden Charitable Foundation has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Catherine Vincent Deardorf Charitable Foundation Fort Dodge, IA PURPOSE: PROGRAMMING AT BLANDEN | $13,000 |
Siefer Charitable Trust Tampa, FL PURPOSE: GENERAL FINANCIAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $2,204,141 |
| Earnings | $680,985 |
| Net Contributions | $5,845 |
| Other Expense | $123,580 |
| Ending Balance | $2,767,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Society Of Fine Arts Minneapolis, MN | $389,108,974 | $52,759,804 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Museum Of Contemporary Art Chicago, IL | $199,455,132 | $15,185,579 |
Milwaukee Art Museum Inc Milwaukee, WI | $162,007,595 | $17,721,477 |
Joslyn Art Museum Omaha, NE | $43,999,594 | $13,873,900 |
Edmundson Art Foundation Inc Des Moines, IA | $123,873,821 | $5,221,950 |
Jayne Wrightsman Irr Trust Xxxxx7008 Chicago, IL | $23,809,573 | $29,559,094 |
Kemper Museum Operating Foundation Kansas City, MO | $21,285,156 | $4,170,305 |
Madison Museum Of Contemporary Art Inc Madison, WI | $15,382,994 | $2,302,239 |
Minnesota Museum Of American Art Saint Paul, MN | $9,032,036 | $1,499,963 |
Paine Art Center & Gardens Inc Oshkosh, WI | $23,894,891 | $2,871,435 |
Racine Art Museum Association Inc Racine, WI | $13,099,169 | $1,971,714 |