Hall-Perrine Foundation
- Assets
- $115.9m
- Revenue
- $3.8m
- Investments
- $113.7m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 08/1957
- Data as of
- 12/2022
- EIN
- 42-6057097
Organization Overview
Hall-Perrine Foundation is located in Cedar Rapids, IA. The organization was established in 1957. 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. Hall-Perrine 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, Hall-Perrine Foundation generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $12.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hall-Perrine Foundation has awarded 197 individual grants totaling $63,310,545. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie L Johnson Executive Director | 30 | $128,799 | |
Jack B Evans Chair Of The Board | 10 | $35,074 | |
Darrel A Morf Vice President | 1 | $0 | |
Charles M Peters Treasurer | 1 | $0 | |
Iris E Muchmore Secretary | 1 | $0 | |
Kathy E Eno Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bernstein | 12/30/22 | $158,383 |
Us Bank | 12/30/22 | $120,113 |
Gamco Investor's Inc | 12/30/22 | $120,084 |
Merrill Lynch | 12/30/22 | $115,226 |
Td Ameritrade Institutional | 12/30/22 | $60,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $2,525,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,260,249 |
| Capital Gain Net Income | $1,260,249 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $262 |
| Total Revenue | $3,785,805 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,873 |
| Other employee salaries and wages | $81,546 |
| Pension plans, employee benefits | $38,466 |
| Interest | $0 |
| Taxes | $43,024 |
| Depreciation | $9,812 |
| Occupancy | $25,784 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,855 |
| Total operating and administrative expenses | $1,044,606 |
| Contributions, gifts, grants paid | $11,867,282 |
| Total expenses and disbursements | $12,911,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,785,746 |
| Net Accounts receivable | $328,974 |
| 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 | $40,955 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $19,625 |
| Other assets | $0 |
| Total assets | $115,895,808 |
| Accounts payable and accrued expenses | $44,832 |
| Grants payable | $14,477,998 |
| 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 | $14,522,830 |
Grants Awarded
Over the last fiscal year, Hall-Perrine Foundation has awarded $14,795,445 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AFFORDABLE HOUSING NETWORK INC PURPOSE: WELLINGTON HEIGHTS - REHAB 15 HOUSES | $50,000 |
AFRICAN AMERICAN MUSEUM OF IOWA PURPOSE: CAPITAL RENOVATION | $250,000 |
THE ARC OF EAST CENTRAL IOWA PURPOSE: INCLUSIVE PLAYGROUND | $150,000 |
BOYS & GIRLS CLUBS OF THE CORRIDOR PURPOSE: NEW SOUTH UNIT BUILDING | $500,000 |
BRUCEMORE INC PURPOSE: CAPITAL PRESERVATION | $1,000,000 |
CEDAR RAPIDS SYMPHONYORCHESTRA IOWA PURPOSE: OPERATIONAL SUPPORT | $10,000 |