The Blin Foundation Inc
- Assets
- $3.5m
- Revenue
- $3.1m
- Investments
- $640.9k
- Employees
- 0
- Location
- Independence, IA
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 42-1504887
Organization Overview
The Blin Foundation Inc is located in Independence, IA. The organization was established in 2000. 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. Blin Foundation 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 12/2021, Blin Foundation Inc generated $3.1m in total revenue. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 39.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
James L Blin Director | 0 | $0 | |
Judy R Blin Director | 0 | $0 | |
Randy Blin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,888,720 |
| Interest on Savings | $26 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,178,061 |
| Capital Gain Net Income | $1,178,061 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,066,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,804 |
| Total operating and administrative expenses | $9,394 |
| Contributions, gifts, grants paid | $1,776,500 |
| Total expenses and disbursements | $1,785,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,888 |
| 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 | $2,750,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $640,892 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,514,780 |
| 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, The Blin Foundation Inc has awarded $1,776,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Independence, IA PURPOSE: FOR OPERATIONS | $1,264,000 |
MAYO CLINIC DEVELOPMENT PURPOSE: FOR OPERATIONS | $500,000 |
Wyoming, IA PURPOSE: FOR OPERATIONS | $10,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: FOR OPERATIONS | $2,000 |
FAYETTE COUNTY EXTENSION PURPOSE: FOR OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |