George Daily Charitable Trust
- Assets
- $11.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Oskaloosa, IA
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 42-1336683
Organization Overview
George Daily Charitable Trust is located in Oskaloosa, IA. The organization was established in 1990. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. George Daily Charitable Trust 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, George Daily Charitable Trust generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George Daily Charitable Trust has awarded 43 individual grants totaling $3,904,731. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS OUR PURPOSE TO UTILIZE THE GEORGE DAILY FAMILY TRUST RESOURCES AS FOLLOWS: A. TO DEVELOP LEADERSHIP FOR THE BENEFIT OF THE COMMUNITY; B. TO CREATE INITIATIVE FOR PROJECTS TO BENEFIT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE I FOR LIST OF GRANTS
SUPPORTED A MAHASKA COMMUNITY WEBSITE THAT IS USED FOR COMMUNITY DATA, EVENTS AND CALENDAR.
RENT FREE HOLDING OF COMMUNITY SPORTS COMPLEX AND COMMUNITY SITTING GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe P Crookham Co-Trustee | OfficerTrustee | 5 | $0 |
Linda Crookham-Hansen Co-Trustee | OfficerTrustee | 5 | $0 |
Randy Degeest Co-Trustee | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mahaska Community Recreation Fndn Repay Note | 12/30/19 | $211,191 |
Ultraflote Llc Project Install | 12/30/19 | $182,325 |
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 | $417,592 |
| Noncash contributions included in lines 1a–1f | $185,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,592 |
| Total Program Service Revenue | $0 |
| Investment income | $309,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,176 |
| Net Gain/Loss on Asset Sales | $835,707 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,581,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,629,241 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,723 |
| Fees for services: Accounting | $4,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,729 |
| Information technology | $2,842 |
| 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 | $25,716 |
| All other expenses | $0 |
| Total functional expenses | $1,684,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,306 |
| 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 | $3,301,344 |
| Investments—publicly traded securities | $8,006,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,331,197 |
| 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 | $1,330 |
| Total liabilities | $1,330 |
| 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 | $11,329,867 |
| Total liabilities and net assets/fund balances | $11,331,197 |
Grants Awarded
Over the last fiscal year, George Daily Charitable Trust has awarded $1,619,886 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Oskaloosa, IA PURPOSE: COMMUNITY MATCHING | $1,500,000 |
Oskaloosa, IA PURPOSE: PERFORMING ARTS | $61,386 |
Oskaloosa, IA PURPOSE: DRAMA PROGRAM | $22,500 |
Oskaloosa, IA PURPOSE: THRIFT STORE | $20,000 |
CITY OF NEW SHARON PURPOSE: CITY PARK IMPROVMNTS | $10,000 |
Oskaloosa, IA PURPOSE: TOWN CHRISTMAS TREE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |