Esther & Robert Armstrong Charitable Tr
- Assets
- $0.0
- Revenue
- $935.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 42-6503703
Organization Overview
Esther & Robert Armstrong Charitable Tr is located in Cedar Rapids, IA. The organization was established in 2003. 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. Esther & Robert Armstrong Charitable Tr 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, Esther & Robert Armstrong Charitable Tr generated $935.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.3% each year . All expenses for the organization totaled $4.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Esther & Robert Armstrong Charitable Tr has awarded 23 individual grants totaling $5,291,771. 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 |
|---|---|---|---|
Ron Olson Trustee/chair | 6 | $0 | |
Charles W Gardner Trustee/vice Chair | 1 | $0 | |
Betty J Good Trustee/treasurer | 6 | $0 | |
James E Wasta Trustee/secretary | 2 | $0 | |
Susan Mcdermott Trustee | 1 | $0 | |
Stephen Allsop Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50 |
| Dividends & Interest | $9,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $925,000 |
| Capital Gain Net Income | $925,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $286 |
| Total Revenue | $935,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,471 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41 |
| Total operating and administrative expenses | $39,538 |
| Contributions, gifts, grants paid | $4,551,771 |
| Total expenses and disbursements | $4,591,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Esther & Robert Armstrong Charitable Tr has awarded $4,551,771 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER CEDAR RAPIDS COMMUNITY FOUNDATION PURPOSE: TO ASSIST QUALIFIED 501(C)(3) PUBLIC CHARITIES ACHIEVE THEIR CHARITABLE MISSION, WITH EQUAL DESIGNATIONS FOR UNITED WAY OF EAST CENTRAL IOWA AND THE YMCA OF THE CEDAR RAPIDS METROPOLITAN AREA | $1,260,506 |
CEDAR RAPIDS MUSEUM OF ART PURPOSE: TO ASSIST QUALIFIED 501(C)(3) PUBLIC CHARITY ACHIEVE THEIR CHARITABLE MISSION | $630,253 |
COE COLLEGE PURPOSE: $100,000 CENTER FOR HEALTH & SOCIETY FACILITY, AND $630,253 TO ASSIST QUALIFIED 501(C)(3) PUBLIC CHARITY ACHIEVE THEIR CHARITABLE MISSION | $730,253 |
GLOBAL MINISTRIES UNITED METHODIST CHURCH PURPOSE: TO ASSIST QUALIFIED 501(C)(3) PUBLIC CHARITY ACHIEVE THEIR CHARITABLE MISSION | $630,253 |
CORNELL COLLEGE PURPOSE: TO ASSIST QUALIFIED 501(C)(3) PUBLIC CHARITY ACHIEVE THEIR CHARITABLE MISSION | $630,253 |
ST PAUL'S UNITED METHODIST CHURCH PURPOSE: TO ASSIST QUALIFIED 501(C)(3) PUBLIC CHARITY ACHIEVE THEIR CHARITABLE MISSION | $630,253 |