John R And Zelda Z Grubb Charitable Foundation
- Assets
- $12.5m
- Revenue
- $88.2k
- Investments
- $10.0m
- Employees
- 0
- Location
- Urbandale, IA
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 42-6521745
Organization Overview
John R And Zelda Z Grubb Charitable Foundation is located in Urbandale, IA. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John R And Zelda Z Grubb Charitable 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, John R And Zelda Z Grubb Charitable Foundation generated $88.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (37.3%) each year. All expenses for the organization totaled $529.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, John R And Zelda Z Grubb Charitable Foundation has awarded 263 individual grants totaling $4,232,485. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINDING DOWN OF OPERATION OF TWO NURSING HOMES SOLD IN AN ASSET SALE IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katlyn Poots Rn | 40 | $58,523 | |
Gayle Moore Rn | 40 | $52,482 | |
Lora Glenn Rn | 40 | $51,519 | |
Lisa Bolsinger Rn | 40 | $44,048 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Of Iowa | 12/30/21 | $350,171 |
Millennium Rehab & Consulting | 12/30/21 | $245,393 |
Martin Bros | 12/30/21 | $177,707 |
Diversacare | 12/30/21 | $129,766 |
Uhc Premium Billing | 12/30/21 | $55,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,056 |
| Dividends & Interest | $480,729 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$476,987 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,413 |
| Total Revenue | $88,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $108,640 |
| Total operating and administrative expenses | $139,720 |
| Contributions, gifts, grants paid | $389,650 |
| Total expenses and disbursements | $529,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,357,316 |
| 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 | $9,693,581 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $89,932 |
| Total assets | $12,455,378 |
| Accounts payable and accrued expenses | $205,070 |
| 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 | $205,070 |
Grants Awarded
Over the last fiscal year, John R And Zelda Z Grubb Charitable Foundation has awarded $389,650 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: ANNUAL PURPLE SOIREE | $5,000 |
ANIMAL RESCUE LEAGUE OF CENTRAL IOWA PURPOSE: ANIMAL PROTECTION AND WELFARE - PREVENTION OF CRUELTY TO ANIMALS | $7,500 |
ASU FOUNDATION PURPOSE: ASU - CHARTER FUND THAT SUPPORTS STUDENT INITIATIVES | $3,000 |
BLANK CHILDREN'S HOSPITAL PURPOSE: FESTIVAL OF TREES & LIGHTS | $15,000 |
BOYS & GIRLS CLUB OF CENTRAL IOWA PURPOSE: DONATION TO GENERAL FUND | $5,000 |
EASTER SEALS IOWA PURPOSE: DONATION TO GENERAL FUND | $25,000 |