Emc Insurance Foundation
- Assets
- $5.1m
- Revenue
- $340.1k
- Investments
- $4.7m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 42-1343474
Organization Overview
Emc Insurance Foundation is located in Des Moines, IA. The organization was established in 1991. 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. Emc Insurance 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, Emc Insurance Foundation generated $340.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Emc Insurance Foundation has awarded 314 individual grants totaling $4,811,885. 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.
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 |
|---|---|---|---|
Scott R Jean Chairman | 5 | $0 | |
Sarah L Buckley Executive Director | 20 | $0 | |
Ron D Herman Treasuer | 5 | $0 | |
Doug Van Zanten Secretary | 5 | $0 | |
Deidre N Williams Director | 5 | $0 | |
David J W Proctor Director | 5 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,713 |
| Dividends & Interest | $118,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $211,409 |
| Capital Gain Net Income | $211,409 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $340,102 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,284 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,275 |
| Total operating and administrative expenses | $20,559 |
| Contributions, gifts, grants paid | $1,698,018 |
| Total expenses and disbursements | $1,718,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,962 |
| Savings and temporary cash investments | $0 |
| 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 | $4,675,253 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,147,215 |
| 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, Emc Insurance Foundation has awarded $1,698,018 in support to 127 organizations.
| Grant Recipient | Amount |
|---|---|
6TH AVENUE CORRIDOR PURPOSE: FOR GENERAL SUPPORT OR FOR A CAPITAL FUND DRIVE OF THE RESPECTIVE ORGANIZATION | $5,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: FOR GENERAL SUPPORT OR FOR A CAPITAL FUND DRIVE OF THE RESPECTIVE ORGANIZATION | $5,000 |
ABOVE & BEYOND CANCER INC PURPOSE: FOR GENERAL SUPPORT OR FOR A CAPITAL FUND DRIVE OF THE RESPECTIVE ORGANIZATION | $3,000 |
AMERICAN RED CROSS PURPOSE: FOR GENERAL SUPPORT OR FOR A CAPITAL FUND DRIVE OF THE RESPECTIVE ORGANIZATION | $5,000 |
AMERICAN LUNG ASSOCIATION PURPOSE: FOR GENERAL SUPPORT OR FOR A CAPITAL FUND DRIVE OF THE RESPECTIVE ORGANIZATION | $15,000 |
ARTFEST MIDWEST FOUNDATION INC PURPOSE: FOR GENERAL SUPPORT OR FOR A CAPITAL FUND DRIVE OF THE RESPECTIVE ORGANIZATION | $2,500 |