Marie H Bechtel Charitable Trust
- Assets
- $48.0m
- Revenue
- $2.5m
- Investments
- $46.3m
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 26-0745711
Organization Overview
Marie H Bechtel Charitable Trust is located in Davenport, IA. The organization was established in 2010. 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. Marie H Bechtel Charitable 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 12/2023, Marie H Bechtel Charitable Trust generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marie H Bechtel Charitable Trust has awarded 180 individual grants totaling $11,579,730. 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 |
|---|---|---|---|
Jeffrey S Bittner Trustee | 20 | $155,121 | |
Luci Oseland Vice President | 15 | $62,627 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,235,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,311,505 |
| Capital Gain Net Income | $1,311,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,556 |
| Total Revenue | $2,544,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $143,042 |
| Other employee salaries and wages | $41,762 |
| Pension plans, employee benefits | $49,123 |
| Interest | $34,390 |
| Taxes | $78,435 |
| Depreciation | $7,873 |
| Occupancy | $43,083 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,842 |
| Total operating and administrative expenses | $696,667 |
| Contributions, gifts, grants paid | $2,455,450 |
| Total expenses and disbursements | $3,152,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,327 |
| Savings and temporary cash investments | $559,116 |
| Net Accounts receivable | $64,861 |
| 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 | $0 |
| Investments—other | $500,000 |
| Net Land, buildings, and equipment | $70,861 |
| Other assets | $948,827 |
| Total assets | $48,043,538 |
| 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 | $298,027 |
| Other liabilities | $0 |
| Total liabilities | $298,027 |
Grants Awarded
Over the last fiscal year, Marie H Bechtel Charitable Trust has awarded $4,910,900 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
QUAD CITY CULTURAL TRUST PURPOSE: OPERATING SUPPORT | $291,000 |
FIGGE ART MUSEUM PURPOSE: LIGHTING PROJECT | $200,000 |
MIDWEST CARDIOVASCULAR PURPOSE: NEW HEADQUARTERS | $100,000 |
JUNIOR ACHIEVEMNT OF THE QUAD CITIE PURPOSE: PROJECT SUPPORT | $75,000 |
PUTNAM MUSEUM PURPOSE: PROJECT SUPPORT | $50,000 |
SCOTT COUNTY FAMILY Y PURPOSE: NEW FACILITY AND PROGRAM SUPPORT | $284,000 |