Merchants Bonding Company Foundation
- Assets
- $928.0k
- Revenue
- $369.9k
- Investments
- $611.2k
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-3035459
Organization Overview
Merchants Bonding Company Foundation is located in West Des Moines, IA. 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. Merchants Bonding Company 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, Merchants Bonding Company Foundation generated $369.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $409.1k during the year ending 12/2021. While expenses have increased by 22.0% per year over the past 5 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.
Since 2018, Merchants Bonding Company Foundation has awarded 339 individual grants totaling $1,469,381. 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 |
|---|---|---|---|
Larry Taylor President | 0 | $0 | |
William Warner Jr Secretary & Treasurer | 0 | $0 | |
Melissa Warner Director | 0 | $0 | |
Lloyd Taylor Director | 0 | $0 | |
Janet Taylor Director | 0 | $0 | |
Bill Taylor Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $241,277 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,908 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,633 |
| Capital Gain Net Income | $17,633 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $98,075 |
| Total Revenue | $369,893 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75,717 |
| Total operating and administrative expenses | $79,985 |
| Contributions, gifts, grants paid | $329,073 |
| Total expenses and disbursements | $409,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $316,796 |
| 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 | $611,183 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $927,979 |
| 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, Merchants Bonding Company Foundation has awarded $329,073 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: HELPING UNDERPRIVILEDGED, AT-RISK AND SPECIAL NEEDS CHILDREN IN IOWA. | $180,860 |
EVERYSTEP FOUNDATION PURPOSE: PROGRAM SUPPORT | $11,500 |
DOROTHY'S HOUSE PURPOSE: PROGRAM SUPPORT | $10,000 |
VARIOUS PUBLIC CHARITIES PURPOSE: VARIOUS PUBLIC CAUSES | $9,970 |
Des Moines, IA PURPOSE: IMPROVES LIVES BY MOBILIZING THE CARING POWER OF COMMUNITIES AROUND THE WORLD TO ADVANCE THE COMMON GOOD. | $7,156 |
PRINCIPAL CHARITY CLASSIC PURPOSE: THE TOURNAMENT RAISES MONEY FOR LOCAL NON-PROFIT ORGANIZATIONS SUPPORTING CHILDREN IN THE ARTS, CULTURE, HEALTH AND HUMAN SERVICES. | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Merchants Bonding Company Foundation has recieved totaling $1,800.
| Awarding Organization | Amount |
|---|---|
Gethmann Foundation Marshalltown, IA PURPOSE: SUPPORT OF PUPPY'S BY JAKE PROGRAM | $1,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |