Gerald J & Mary R Van Severen Foundation
- Assets
- $1.7m
- Revenue
- $211.7k
- Investments
- $1.5m
- Employees
- 0
- Location
- Bettendorf, IA
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 36-7250640
Organization Overview
Gerald J & Mary R Van Severen Foundation is located in Bettendorf, IA. The organization was established in 2000. 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. Gerald J & Mary R Van Severen 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, Gerald J & Mary R Van Severen Foundation generated $211.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $146.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gerald J & Mary R Van Severen Foundation has awarded 52 individual grants totaling $309,281. 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 |
|---|---|---|---|
Gerald J Van Severen Director Trustee | 2 | $0 | |
Mary R Van Severen Director Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $107,470 |
| Interest on Savings | $543 |
| Dividends & Interest | $98,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,800 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,954 |
| Total Revenue | $211,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,278 |
| Total operating and administrative expenses | $13,856 |
| Contributions, gifts, grants paid | $132,800 |
| Total expenses and disbursements | $146,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,971 |
| Savings and temporary cash investments | $102,053 |
| 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 | $1,687,148 |
| 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, Gerald J & Mary R Van Severen Foundation has awarded $132,800 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY RESOURCES PURPOSE: CHARITY | $15,000 |
BUXTON VOLUNTEER FIRE DEPARTMENT PURPOSE: CHARITY | $3,500 |
HATTERAS ISLAND METHODIST MINISTRY PURPOSE: CHARITY | $10,500 |
PROJECT RENEWAL PURPOSE: CHARITY | $7,000 |
KINGS HARVEST PURPOSE: CHARITY | $3,000 |
HUMILITY HOME SERVICES PURPOSE: CHARITY | $6,000 |