Tanager Place Endowment Foundation
- Assets
- $21.3m
- Revenue
- $145.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 10/1986
- Data as of
- 06/2023
- EIN
- 42-1278189
Organization Overview
Tanager Place Endowment Foundation is located in Cedar Rapids, IA. The organization was established in 1986. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tanager Place Endowment Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND INVEST FUNDS FOR THE BENEFIT OF TANAGER PLACE, A 501(C)(3) PUBLIC CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND MANAGEMENT: RAISING AND INVESTING FUNDS FOR TANAGER PLACE, A 501(C)3 PUBLIC CHARITY THAT IS THE SUPPORTED ORGANIZATION OF TANAGER PLACE ENDOWMENT FOUNDATION.
SCHOLARSHIPS: THE BRIDGE TO THE FUTURE SCHOLARSHIP FUND HELPS DESERVING CHILDREN WHO HAVE HAD SERVICES AT TANAGER PLACE FURTHER THEIR POST-SECONDARY ACADEMIC GOALS THROUGH FINANCIAL SCHOLARSHIP SUPPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Okpara Rice Assistant Treasurer | Officer | 1 | $0 |
Brad Thatcher Assistant Treasurer | Officer | 1 | $0 |
Dick Meisterling President | OfficerTrustee | 1 | $0 |
Barrie Ernst Vice President | OfficerTrustee | 1 | $0 |
Jim Thebeau Treasurer | OfficerTrustee | 1 | $0 |
Jane Glantz Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,680 |
| Total Program Service Revenue | $0 |
| Investment income | $542,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$467,311 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,083,405 |
| Grants and other assistance to domestic individuals. | $31,000 |
| 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 | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,407 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,822 |
| Office expenses | $4,996 |
| Information technology | $6,058 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,965 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $100 |
| Total functional expenses | $1,232,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,561 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,811 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,372,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,329,870 |
| Total assets | $21,266,092 |
| Accounts payable and accrued expenses | $607 |
| 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 | $607 |
| Net assets without donor restrictions | $15,271,130 |
| Net assets with donor restrictions | $5,994,355 |
| 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 | $21,266,092 |