Heimsoth Family Foundation
- Assets
- $188.3k
- Revenue
- $47.3k
- Investments
- $181.8k
- Employees
- 0
- Location
- Grinnell, IA
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-1719452
Organization Overview
Heimsoth Family Foundation is located in Grinnell, IA. The organization was established in 2009. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heimsoth Family 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 12/2021, Heimsoth Family Foundation generated $47.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $15.8k during the year ending 12/2021. While expenses have increased by 10.2% 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION SUPPORTED TWENTY 501(C)(3) ORGANIZATIONS IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold H Heimsoth President/trustee | 2 | $0 | |
Joan P Heimsoth Vice Pres., Sec., Treas. / Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,674 |
| Capital Gain Net Income | $39,674 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,299 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,548 |
| Contributions, gifts, grants paid | $14,229 |
| Total expenses and disbursements | $15,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,488 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $188,331 |
| 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, Heimsoth Family Foundation has awarded $13,829 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Iowa City, IA PURPOSE: PROGRAM SUPPORT | $6,000 |
Story City, IA PURPOSE: PROGRAM SUPPORT | $2,000 |
Des Moines, IA PURPOSE: PROGRAM SUPPORT | $500 |
AMERICAN RED CROSS PURPOSE: PROGRAM SUPPORT | $500 |
ST JUDE PURPOSE: PROGRAM SUPPORT | $500 |
MID-IOWA COMMUNITY ACTION INC PURPOSE: PROGRAM SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Internet Security Research Group Minneapolis, MN | $6,123,679 | $6,560,425 |
Jefferson County Comprehensive Mt Vernon, IL | $4,460,703 | $5,732,425 |
Innovation Development Institute Inc Chicago, IL | $6,803,364 | $5,200,844 |
B E D S Inc La Grange, IL | $5,236,874 | $5,113,317 |
Central Minnesota Housing Partnership Inc St Augusta, MN | $21,605,447 | $4,430,262 |