American Rental Association Foundation
- Assets
- $1.7m
- Revenue
- $377.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Moline, IL
- Founding
- 03/1977
- Data as of
- 12/2021
- EIN
- 36-2897310
Organization Overview
American Rental Association Foundation is located in Moline, IL. The organization was established in 1977. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Rental Association 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, American Rental Association Foundation generated $377.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $236.4k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND IMPLEMENT PROGRAMS THAT CREATE EDUCATIONAL OPPORTUNITIES, BUILD RELATIONSHIPS AND AID THE RENTAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM - OFFER SCHOLARSHIPS TO INDIVIDUALS ASSOCIATED WITH THE RENTAL BUSINESS. MARKET AND DISPERSE APPLICATIONS, COLLECT AND EVALUATE APPLICATIONS AND AWARD THE SCHOLARSHIPS.
COMMUNITY IMPACT PROGRAM-IN PARTNERSHIP WITH TORO COMPANY FOUNDATION, THE COMMUNITY IMPACT PROGRAM GIVES BACK TO COMMUNITIES ACROSS THE COUNTRY THROUGH VARIOUS RENTAL-RELATED PROJECTS.
DISASTER RELIEF PROGRAM - THIS PROGRAM PROVIDES ASSISTANCE TO RENTAL STORES THAT HAVE SUSTAINED A NATURAL DISASTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Wright Chair/trustee-At-Large | Officer | 2 | $0 |
Kelly Dwyer Vice Chair/ Trustee-At-Lar | Officer | 2 | $0 |
Marcy Wright Executive Director | Officer | 2 | $0 |
Ray Cotty Treasurer | Officer | 2 | $0 |
Tracy Johannsen Secretary | Officer | 2 | $0 |
Fred Dupy Trustee-At-Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,894 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,905 |
| Noncash contributions included in lines 1a–1f | $73,894 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,799 |
| Total Program Service Revenue | $0 |
| Investment income | $18,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,133 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $94,714 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $816 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,723 |
| Office expenses | $7,246 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,899 |
| Total functional expenses | $236,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,800 |
| Savings and temporary cash investments | $74,111 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,423,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $894 |
| Total assets | $1,747,927 |
| Accounts payable and accrued expenses | $7,207 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,207 |
| Net assets without donor restrictions | $1,514,158 |
| Net assets with donor restrictions | $226,562 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,747,927 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Rental Association Foundation has recieved totaling $172.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mankato Rehabilitation Center Inc Mankato, MN | $28,388,137 | $99,959,255 |
The Thresholds Chicago, IL | $94,634,488 | $99,875,195 |
Didlake Inc Manassas, VA | $83,729,100 | $98,283,544 |
Goodwill Industries Of Southeastern Wisconsin Inc Milwaukee, WI | $193,592,595 | $82,804,954 |
Goodwill Industries Of Kentucky Inc Louisville, KY | $178,094,287 | $90,756,692 |
International Union Of Operating Engineers Local 399 Chicago, IL | $96,961,907 | $69,218,170 |
Goodwill Industries Of Middle Tennessee Inc Nashville, TN | $119,782,288 | $78,995,552 |
Alphapointe Kansas City, MO | $66,593,380 | $65,983,959 |
Sheet Metal Workers Local Union No 20 Welfare And Benefit Fund Indianapolis, IN | $154,194,573 | $61,829,945 |
Goodwill Of Central And Coastal Virginia Inc Richmond, VA | $105,082,511 | $64,066,078 |
Goodwill Industries Of Central Ohio Inc Columbus, OH | $26,248,903 | $59,867,109 |
Brotherhood Of Locomotive Engineers And Trainmen Independence, OH | $27,698,550 | $51,476,707 |