Harold R Bechtel Charitable Tr
- Assets
- $48.5m
- Revenue
- $3.2m
- Investments
- $47.0m
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 08/2010
- Data as of
- 04/2024
- EIN
- 26-1284636
Organization Overview
Harold R Bechtel Charitable Tr is located in Davenport, IA. The organization was established in 2010. 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. Harold R Bechtel Charitable Tr 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 04/2024, Harold R Bechtel Charitable Tr generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $3.1m during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Harold R Bechtel Charitable Tr has awarded 166 individual grants totaling $9,076,049. 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 | $148,415 | |
Lucille Oseland Vice President | 20 | $49,318 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,238,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,951,477 |
| Capital Gain Net Income | $1,951,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,158 |
| Total Revenue | $3,192,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $144,791 |
| Other employee salaries and wages | $34,998 |
| Pension plans, employee benefits | $38,857 |
| Interest | $34,104 |
| Taxes | $77,581 |
| Depreciation | $1,470 |
| Occupancy | $45,723 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,392 |
| Total operating and administrative expenses | $690,531 |
| Contributions, gifts, grants paid | $2,389,282 |
| Total expenses and disbursements | $3,079,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,433 |
| Savings and temporary cash investments | $278,195 |
| 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 | $0 |
| Investments—other | $500,000 |
| Net Land, buildings, and equipment | $216,000 |
| Other assets | $812,312 |
| Total assets | $48,461,271 |
| Accounts payable and accrued expenses | $94,289 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $283,837 |
| Other liabilities | $0 |
| Total liabilities | $378,126 |
Grants Awarded
Over the last fiscal year, Harold R Bechtel Charitable Tr has awarded $2,389,282 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
QUAD CITIES GOLF CLASSIC PURPOSE: BIRDIES FOR CHARITY BONUS FUND | $15,000 |
BALLET QUAD CITIES PURPOSE: PROGRAM SUPPORT | $40,000 |
DREAMING TREE FOUNDATION PURPOSE: MULTI-MEDIA CAREER PATH AFTER SCHOOL PROGRAMMING | $10,000 |
HILLSDALE COLLEGE PURPOSE: SCHOLARSHIPS | $6,425 |
GROW QUAD CITIES FUND-IOWA PURPOSE: OPERATIONAL SUPPORT | $50,000 |
MIDWEST CARDIOVASCULAR PURPOSE: NEW HEADQUARTERS AT SCOTT COUNTY FAMILY Y AND HEALTH FOR ALL INITIATIVE | $100,000 |