P E O Foundation
- Assets
- $145.8m
- Revenue
- $13.1m
- Investments
- $15.9m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 02/1962
- Data as of
- 06/2023
- EIN
- 42-6094564
Organization Overview
P E O Foundation is located in Des Moines, IA. The organization was established in 1962. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P E O 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 06/2023, P E O Foundation generated $13.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, P E O Foundation has awarded 41 individual grants totaling $13,482,250. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE EDUCATIONAL AND CHARITABLE FUNDS OF THE P.E.O. SISTERHOOD THROUGH CONTRIBUTIONS AND PROVIDE SCHOLARSHIPS FOR QUALIFIED WOMEN SEEKING TO FURTHER THEIR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
P.E.O. FOUNDATION RECEIVES, HOLDS AND DISBURSES GIFTS AND INCOME TO VARIOUS P.E.O. EDUCATIONAL PROJECTS QUALIFIED AS 501(C)(3) ORGANIZATIONS AS WELL AS TO INDIVIDUAL SCHOLARSHIP RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Belinda Hargrove Investment Trustee | OfficerTrustee | 1 | $0 |
Jennifer Bream Board Of Trustees | OfficerTrustee | 6 | $0 |
Ellen Jackson Fox Investment Trustee | OfficerTrustee | 1 | $0 |
Barbara Ann Bowen Investment Trustee | OfficerTrustee | 1 | $0 |
Nicole Berner Board Of Trustees Chair | OfficerTrustee | 9 | $0 |
Margaret Rose Board Of Trustees | OfficerTrustee | 6 | $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 | $7,057,445 |
| Noncash contributions included in lines 1a–1f | $126,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,057,445 |
| Total Program Service Revenue | $0 |
| Investment income | $3,864,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,343 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,154,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,082,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,151,651 |
| Grants and other assistance to domestic individuals. | $2,998,359 |
| 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 | $285,967 |
| Pension plan accruals and contributions | $12,540 |
| Other employee benefits | $29,885 |
| Payroll taxes | $21,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,443 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,128 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,642 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,956 |
| Travel | $2,795 |
| 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 | $7,767,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,861,425 |
| Savings and temporary cash investments | $9,976,217 |
| 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 | $116,047,210 |
| Investments—other securities | $15,882,331 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,767,183 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $34,124,929 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $111,642,254 |
| Total liabilities and net assets/fund balances | $145,767,183 |
Grants Awarded
Over the last fiscal year, P E O Foundation has awarded $4,141,343 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
COTTEY COLLEGE PURPOSE: Gen SuppSchol | $630,685 |
PEO EDUCATIONAL LOAN FUND PURPOSE: Educ Loans | $304,917 |
PEO INTL PEACE SCHOLARSHIP PURPOSE: Scholarships | $383,842 |
PEO PROG FOR CONTINUING ED PURPOSE: Educ Grants | $1,066,175 |
PEO SCHOLAR AWARDS PURPOSE: Educ Awards | $724,122 |
PEO STAR SCHOLARSHIP PURPOSE: Scholarships | $683,868 |