Life Investors Fortunaires Club Charitable Foundation Inc
- Assets
- $780.1k
- Revenue
- $112.2k
- Investments
- $690.3k
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 12/1968
- Data as of
- 12/2021
- EIN
- 42-0929419
Organization Overview
Life Investors Fortunaires Club Charitable Foundation Inc, operating under the name Fortunaires Foundation, is located in Cedar Rapids, IA. The organization was established in 1968. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Fortunaires 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, Fortunaires Foundation generated $112.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $60.2k during the year ending 12/2021. 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
ENCOURAGE AND SUPPORT MATCHING CONTRIBUTIONS TO QUALIFYING CHARITIES AND WORTHY CAUSES IN THE LOCAL COMMUNITIES OF THE PARTICIPANTS AND FRIENDS OF THE ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE INVESTORS FORTUNAIRES CLUB GRANTS GIFTS TO WORTHY, NEEDY, AND/OR CHARITABLE INSTITUTIONS AND ORGANIZAITONS
SCHOLORSHIPS. A FIVE MEMBER COMMITTEE EVALUATES CANDIDATES BASED UPON THEIR ACADEMIC STANDING AND COMMUNITY/SCHOOL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Wilkinson Past Pres | OfficerTrustee | 1 | $0 |
Tom Fox Pres | OfficerTrustee | 1 | $0 |
Jeff Bigler Treasurer | OfficerTrustee | 1 | $0 |
Erin Worden Secretary | OfficerTrustee | 1 | $0 |
Scott Anderson VP | OfficerTrustee | 1 | $0 |
Pat Thielen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,050 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,635 |
| Total Program Service Revenue | $0 |
| Investment income | $26,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,700 |
| Grants and other assistance to domestic individuals. | $25,000 |
| 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 | $620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $354 |
| Information technology | $420 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $577 |
| All other expenses | $0 |
| Total functional expenses | $60,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $690,251 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $780,099 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $780,099 |
| Total liabilities and net assets/fund balances | $780,099 |
Grants Awarded
Over the last fiscal year, Life Investors Fortunaires Club Charitable Foundation Inc has awarded $53,980 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Dike, IA PURPOSE: GENERAL OPERATIONS | $12,300 |
Dike, IA PURPOSE: GENERAL OPERATIONS | $12,300 |
Marion, IA PURPOSE: GENERAL OPERATIONS | $7,750 |
Marion, IA PURPOSE: GENERAL OPERATIONS | $7,750 |
Washington, DC PURPOSE: GENERAL OPERATIONS | $6,940 |
Washington, DC PURPOSE: GENERAL OPERATIONS | $6,940 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heart Of Illinois United Way Inc Peoria, IL | $14,132,248 | $9,955,140 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |
Lever For Change Chicago, IL | $17,371,828 | $11,059,988 |
United Way Of Lincoln And Lancaster County Lincoln, NE | $10,176,018 | $7,783,651 |
Ten Talents Foundation St Louis, MO | $138,781,334 | $2,527,565 |
United Way Of East Central Iowa Cedar Rapids, IA | $18,620,645 | $6,956,778 |
United Way Of Lake County Inc Gurnee, IL | $9,128,371 | $6,708,539 |
Wisconsin Regional Training Partnership Inc Milwaukee, WI | $5,167,350 | $7,096,517 |
United Way Quad Cities Bettendorf, IA | $12,852,824 | $6,411,474 |
Marquardt Management Services Inc Watertown, WI | $6,505,877 | $7,287,760 |
United Way Of Racine County Inc Racine, WI | $12,886,220 | $9,907,710 |