John R And Zelda Z Grubb Charitable Foundation
- Assets
- $12.5m
- Revenue
- $3.2m
- Investments
- $10.2m
- Employees
- 0
- Location
- Urbandale, IA
- Founding
- 01/1997
- Data as of
- 12/2021
- 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 12/2021, John R And Zelda Z Grubb Charitable Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. 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 229 individual grants totaling $3,252,585. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES TWO NURSING HOMES FOR THE ELDERLY WITH APPROXIMATELY 124 BEDS. THE NURSING HOMES WERE SOLD 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 |
|---|---|---|
Diversacare | 12/30/21 | $129,766 |
Healthcare Of Iowa | 12/30/21 | $350,171 |
Martin Bros | 12/30/21 | $177,707 |
Millennium Rehab & Consulting | 12/30/21 | $245,393 |
Uhc Premium Billing | 12/30/21 | $55,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $530,172 |
| Interest on Savings | $1,266 |
| Dividends & Interest | $222,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,132,571 |
| Capital Gain Net Income | $21,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,535,912 |
| Total Revenue | $3,157,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,057,874 |
| Pension plans, employee benefits | $115,751 |
| Interest | $2,244 |
| Taxes | $231,971 |
| Depreciation | $132,845 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,401 |
| Printing and publications | $0 |
| Other expenses | $1,445,803 |
| Total operating and administrative expenses | $3,373,125 |
| Contributions, gifts, grants paid | $439,650 |
| Total expenses and disbursements | $3,812,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,002,831 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,223,721 |
| 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 | $10,058,757 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $32,041 |
| Total assets | $12,465,569 |
| Accounts payable and accrued expenses | $23 |
| 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 | $1,612 |
| Total liabilities | $1,635 |
Grants Awarded
Over the last fiscal year, John R And Zelda Z Grubb Charitable Foundation has awarded $439,650 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
VARIETY CLUB PURPOSE: DONATION TO GENERAL FUND TO PROVIDE AID/SERVICES TO THE HANDICAP | $303,250 |
BLANK CHILDREN'S HOSPITAL PURPOSE: ROBERT PULVER MEMORIAL AND FESTIVAL OF TREES & LIGHTS | $35,000 |
West Des Moines, IA PURPOSE: DONATION TO GENERAL FUND FOR HEALTH CARE SCHOLARSHIPS | $30,000 |
NORTH HIGH SCHOOL PURPOSE: DONATION TO GENERAL FUND | $15,000 |
HOYT SHERMAN PLACE PURPOSE: 2021 CAPITAL CAMPAIGN | $10,000 |
Waukee, IA PURPOSE: DONATION TO GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nexus-Woodbourne Family Healing Plymouth, MN | $7,774,084 | $15,090,420 |
Fem Electric Association Inc Ipswich, SD | $42,436,941 | $15,874,732 |
Benedictine Living Communities - Bismarck Inc Minneapolis, MN | $16,928,888 | $16,060,276 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Community Action Partnership Of Lancaster And Saunders Counties Lincoln, NE | $12,349,644 | $14,460,530 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Simpson Housing Services Inc Minneapolis, MN | $10,361,616 | $11,738,483 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |