H W Grout Trust
- Assets
- $8.4m
- Revenue
- $2.1m
- Investments
- $1.8m
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 08/1936
- Data as of
- 06/2022
- EIN
- 23-7416881
Organization Overview
H W Grout Trust is located in Waterloo, IA. The organization was established in 1936. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. H W Grout Trust 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 06/2022, H W Grout Trust generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 5.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE FUNCTION OF THE H.W. GROUT TRUST IS THE OPERATION OF ITS MUSEUMS IN WATERLOO, IOWA. THE MISSION OF THE GROUT MUSEUM IS TO PROVIDE A BETTER UNDERSTANDING OF THE WORLD BY COLLECTING, PRESERVING AND INTERPRETING HISTORY AND ILLUSTRATING SCIENTIFIC PRICIPLES. THE GROUT MUSEUM COLLECTS, PRESERVES AND INTERPRETS CULTURAL AND NATURAL HISTORY OF THE REGION; THE RENSSELAER RUSSELL HOUSE MUSEUM AND THE SNOWDEN HOUSE PRESERVE AND INTERPRET ELEMENTS OF THE VICTORIAN AGE; THE BLUEDORN SCIENCE IMAGINARIUM PROVIDES EXHIBITIONS AND PROGRAMMING THAT INSPIRE THE STUDY OF THE SCIENCES; AND THE SULLIVAN BROTHERS IOWA VETERANS MUSEUM HONORS THE SERVICE AND SACRIFICE OF IOWA VETERANS FROM THE CIVIL WAR TO PRESENT. DURING THE FISCAL YEAR ENDING JUNE 30, 2022, APPROXIMATELY 38,000 PEOPLE WERE SERVED BY THE GROUT MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billie Bailey Executive Director | 40 | $73,562 | |
Pat Kinney Director Of Inst. Ad | 40 | $64,381 | |
Alan Sweeney Director Of Faciliti | 40 | $60,706 | |
Diane Popelka Director Of Finance | 40 | $50,776 | |
David Allbaugh Trustee | 2 | $0 | |
Edward J Gallagher III Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,462,029 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $212,702 |
| Capital Gain Net Income | $212,702 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $11,826 |
| Other Income | $306,718 |
| Total Revenue | $2,062,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $788,729 |
| Pension plans, employee benefits | $122,086 |
| Interest | $6,644 |
| Taxes | $58,664 |
| Depreciation | $426,640 |
| Occupancy | $190,824 |
| Travel, conferences, and meetings | $967 |
| Printing and publications | $3,264 |
| Other expenses | $224,277 |
| Total operating and administrative expenses | $1,866,201 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,866,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,455 |
| Savings and temporary cash investments | $404,819 |
| Net Accounts receivable | $166,696 |
| 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 | $24,479 |
| Prepaid expenses and deferred charges | $25,262 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,980,676 |
| Other assets | $0 |
| Total assets | $8,411,069 |
| Accounts payable and accrued expenses | $124,602 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $432,097 |
| Other liabilities | $0 |
| Total liabilities | $556,699 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that H W Grout Trust has recieved totaling $60,812.
| Awarding Organization | Amount |
|---|---|
Gallagher Family Foundation Waterloo, IA PURPOSE: EDUCATION SUPPORT | $30,000 |
Black Hawk County Gaming Assoc Waterloo, IA PURPOSE: RUSSELL HOUSE PORCH REPLACEMENT | $20,812 |
Iowa Farm Bureau Federation West Des Moines, IA PURPOSE: AG ORAL HISTORY PROJECT CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |