Wolfe Cataract Foundation
- Assets
- $485.5k
- Revenue
- $82.1k
- Investments
- $451.6k
- Employees
- 0
- Location
- Marshalltown, IA
- Founding
- 12/1962
- Data as of
- 12/2023
- EIN
- 42-6063935
Organization Overview
Wolfe Cataract Foundation is located in Marshalltown, IA. The organization was established in 1962. 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. Wolfe Cataract 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 12/2023, Wolfe Cataract Foundation generated $82.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $109.1k during the year ending 12/2023. While expenses have increased by 13.9% 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 2017, Wolfe Cataract Foundation has awarded 64 individual grants totaling $285,069. 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 |
|---|---|---|---|
John M Graether President | 0.3 | $0 | |
James A Davison Vice President | 0.3 | $0 | |
Peter Rhee Secretary/treasurer | 0.3 | $0 | |
David D Saggau Board Member | 0.3 | $0 | |
Paul S Boeke Board Member | 0.3 | $0 | |
Luke Bland CFO Thru May 2023 | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,390 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,799 |
| Net Rental Income | $3,134 |
| Net Gain on Sale of Assets | $46,553 |
| Capital Gain Net Income | $46,553 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,666 |
| Total Revenue | $82,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,867 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,772 |
| Total operating and administrative expenses | $13,908 |
| Contributions, gifts, grants paid | $95,213 |
| Total expenses and disbursements | $109,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,877 |
| 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 | $6,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $485,489 |
| 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, Wolfe Cataract Foundation has awarded $95,213 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
METRO ANESTHESIA & PAIN MANAGEMENT PURPOSE: INDINGENT PATIENT CARE | $2,650 |
IOWA RADIO READING INFORMATION SERVICE PURPOSE: INDINGENT PATIENT CARE | $1,000 |
STATE UNIVERSITY OF IOWA FOUNDATION PURPOSE: WOLFE LECTURE FOUNDATION DONATION FOR EQUIPMENT SCHOLARSHIPS FOR UNIVERSITY OF IOWA RESIDENTS. | $48,800 |
PREVENT BLINDNESS IOWA PURPOSE: INDINGENT PATIENT CARE | $3,500 |
LINN COUNTY ANETHESIOLOGIST PURPOSE: INDIGENT PATIENT CARE | $8,397 |
WOLFE CLINIC PURPOSE: INDIGENT PATIENT CARE | $242 |