Benton Telecomunnications Foundation
- Assets
- $4.8m
- Revenue
- $142.5k
- Investments
- $4.8m
- Employees
- 0
- Location
- Rice, MN
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-1577232
Organization Overview
Benton Telecomunnications Foundation is located in Rice, MN. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Benton Telecomunnications 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 12/2022, Benton Telecomunnications Foundation generated $142.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $332.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Benton Telecomunnications Foundation has awarded 271 individual grants totaling $1,684,172. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Lieser President | 1 | $0 | |
Nancy Frerich Vice President | 1 | $0 | |
Jim Young Secretary | 1 | $0 | |
Cheryl Scapanski Treasurer | 2 | $0 | |
Roger Secord Director | 1 | $0 | |
Mike Kahl Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,417 |
| Interest on Savings | $0 |
| Dividends & Interest | $119,083 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,743 |
| Capital Gain Net Income | $20,743 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $292 |
| Total Revenue | $142,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,670 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,611 |
| Total operating and administrative expenses | $92,209 |
| Contributions, gifts, grants paid | $240,350 |
| Total expenses and disbursements | $332,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,504 |
| 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 | $4,760,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,770,047 |
| 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, Benton Telecomunnications Foundation has awarded $240,350 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKMAN BALLPARK INC PURPOSE: UPDATE AND REPAIRS TO THE BALL FIELD | $22,500 |
BENTON COUNTY SHERIFF'S DEPARTMENT PURPOSE: PAL PROGRAM FOR CHILDREN AND OFFICERS | $500 |
CATHOLIC CHARITIES PURPOSE: CAMERAS & EQUIPMENT FOR TRANSITIONAL HOUSING | $12,500 |
VOLLEYBALL BASH FOR A CURE PURPOSE: COBORN CANCER CENTER DONATION | $1,000 |
CYSTIC FIBROSIS FOUNDATION - GREAT STRIDES PURPOSE: WALK SUPPORT FOR RESEARCH, DRUG DEV AND TREATMENT | $20,000 |
CONNECTABILITY OF MINNESOTA PURPOSE: SUPPORT 2023 CONNECT SUPER STRIKER BOWLING LEAGUE | $1,500 |