P E O Foundation
- Assets
- $140.5m
- Revenue
- $16.9m
- Investments
- $18.2m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 02/1962
- Data as of
- 06/2022
- 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 06/2022, P E O Foundation generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 8.4% 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 2021, P E O Foundation has awarded 28 individual grants totaling $9,340,907. 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
2022
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 |
|---|---|---|---|
Barbara Ann Bowen Investment Trustee | OfficerTrustee | 1 | $0 |
Belinda Hargrove Investment Trustee After 921 | OfficerTrustee | 1 | $0 |
Ellen Jackson Fox Investment Trustee | OfficerTrustee | 1 | $0 |
Lori Okeefe Investment Trustee Until 921 | OfficerTrustee | 1 | $0 |
Lou Mclaren Chair Until 921 Board Of Trustees | OfficerTrustee | 10 | $0 |
Nicole Berner Chair After 921 Board Of Trustees | OfficerTrustee | 9 | $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 | $9,507,119 |
| Noncash contributions included in lines 1a–1f | $323,571 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,507,119 |
| Total Program Service Revenue | $0 |
| Investment income | $4,223,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,197 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,127,866 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,863,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,848,735 |
| Grants and other assistance to domestic individuals. | $2,842,303 |
| 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 | $262,245 |
| Pension plan accruals and contributions | $10,149 |
| Other employee benefits | $32,498 |
| Payroll taxes | $19,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,565 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $427,745 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,026 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,692 |
| Travel | $59 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,545,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,736,864 |
| Savings and temporary cash investments | $6,700,879 |
| 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 | $112,888,326 |
| Investments—other securities | $18,161,354 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,487,423 |
| Accounts payable and accrued expenses | $35,350 |
| 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 | $35,350 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $33,532,138 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $106,919,935 |
| Total liabilities and net assets/fund balances | $140,487,423 |
Grants Awarded
Over the last fiscal year, P E O Foundation has awarded $4,839,166 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Nevada, MO PURPOSE: Gen SuppSchol | $1,535,193 |
Des Moines, IA PURPOSE: Educ Grants | $1,013,239 |
Des Moines, IA PURPOSE: Scholarships | $688,125 |
Des Moines, IA PURPOSE: Educ Awards | $600,306 |
Des Moines, IA PURPOSE: Educ Loans | $373,413 |
Des Moines, IA PURPOSE: Scholarships | $314,152 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that P E O Foundation has recieved totaling $11,919.
| Awarding Organization | Amount |
|---|---|
The Pinto Foundation Ogden, UT PURPOSE: CHARITY | $8,919 |
Edmund J And Afton S Greenwell Foundation Mantua, UT PURPOSE: SUPPORT OF OPERATIONS | $3,000 |
Endowment Analysis
| Beg. Balance | $99,594,271 |
| Earnings | $5,573,848 |
| Admin Expense | $643,672 |
| Net Contributions | $6,579,604 |
| Grants | $4,184,116 |
| Ending Balance | $106,919,935 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |