Muscatine Charities Inc
- Assets
- $79.1k
- Revenue
- $92.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 11/1999
- Data as of
- 12/2020
- EIN
- 42-1492791
Organization Overview
Muscatine Charities Inc is located in Muscatine, IA. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Muscatine Charities Inc 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 12/2020, Muscatine Charities Inc generated $92.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $123.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Muscatine Charities Inc has awarded 85 individual grants totaling $1,109,439. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO LOCAL CHARITIES TO ENHANCE THE QUALITY OF LIFE FOR EVERYONE IN THE MUSCATINE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS RAISED AND DONATED FOR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirby Phillips Secretary | OfficerTrustee | 1 | $0 |
Matthew Conard Treasurer | OfficerTrustee | 1 | $0 |
John Krieger President | OfficerTrustee | 1 | $0 |
Steve Hutton Director | Trustee | 1 | $0 |
Toby Mccarter Director | Trustee | 1 | $0 |
Anthony Kies Director | Trustee | 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 | $91,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,626 |
| Total Program Service Revenue | $0 |
| Investment income | $1,142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,106 |
| 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 | $5,929 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,277 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $123,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,107 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $79,107 |
| 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 | $79,107 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $79,107 |
Grants Awarded
Over the last fiscal year, Muscatine Charities Inc has awarded $93,426 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Muscatine, IA PURPOSE: YOUTH PROGRAMS | $35,000 |
Muscatine, IA PURPOSE: PRESCHOOL ASSISTANCE | $30,926 |
Muscatine, IA PURPOSE: SHELTER & LIFE SKILL | $19,650 |
Des Moines, IA PURPOSE: SUPPORT NEEDY FAMILI | $7,850 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Muscatine Charities Inc has recieved totaling $7,557.
| Awarding Organization | Amount |
|---|---|
Hni Charitable Foundation Muscatine, IA PURPOSE: CULTURE & ARTS MUSCATINE | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |