Edwin T Meredith Foundation
- Assets
- $23.9m
- Revenue
- $12.3m
- Investments
- $23.7m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 08/1949
- Data as of
- 12/2021
- EIN
- 42-6059818
Organization Overview
Edwin T Meredith Foundation is located in Des Moines, IA. The organization was established in 1949. 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. Edwin T Meredith 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 12/2021, Edwin T Meredith Foundation generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 10.6% per year over the past 7 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.
Since 2015, Edwin T Meredith Foundation has awarded 116 individual grants totaling $6,948,735. 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 |
|---|---|---|---|
Cheri A Cipperley Treasurer | 0 | $0 | |
D Mell Meredith Frazier President | 0 | $0 | |
Et Meredith IV Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69,397 |
| Dividends & Interest | $3,173,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,024,429 |
| Capital Gain Net Income | $9,024,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53 |
| Total Revenue | $12,267,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $483 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $41,580 |
| Contributions, gifts, grants paid | $1,816,500 |
| Total expenses and disbursements | $1,858,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,221 |
| Savings and temporary cash investments | $124,606 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,891,795 |
| 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, Edwin T Meredith Foundation has awarded $1,816,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF CENTRAL IOWA PURPOSE: CIVIC AND CULTURAL | $475,000 |
DRAKE PLEDGE PURPOSE: EDUCATIONAL | $400,000 |
Des Moines, IA PURPOSE: EDUCATIONAL | $275,000 |
THE BRINTON MUSEUM PURPOSE: CIVIC AND CULTURAL | $200,000 |
Washington, DC PURPOSE: CIVIC AND CULTURAL | $200,000 |
MOTE MARINE LABORATORY & AQUAR PURPOSE: EDUCATIONAL | $100,000 |
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 |