Walter L Mcquiston Community Trust
- Assets
- $525.0k
- Revenue
- $91.0k
- Investments
- $394.6k
- Employees
- 0
- Location
- Iowa City, IA
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 42-6620053
Organization Overview
Walter L Mcquiston Community Trust is located in Iowa City, IA. The organization was established in 0000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations.
For the year ending 12/2021, Walter L Mcquiston Community Trust generated $91.0k 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 (14.4%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PER ORGANIZTIONAL DOCUMENT, THE ORGANIZATION'S MISSION IS TO SUPPORT THE COMMUNITY OF OSKALOOSA AND SURROUNDING COMMUNITIES. GRANTS WERE GIVEN IN THE CURRENT YEAR TO THE CITY OF NEW SHARON FOR THE AVENUE OF THE FLAGS PROJECT AND THE CITY OF OSKALOOSA FOR THE EDMUNDSON PARK PROJECT.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $8,392 |
| Net Rental Income | $42,533 |
| Net Gain on Sale of Assets | $31,457 |
| Capital Gain Net Income | $31,457 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $379 |
| Total Revenue | $91,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,924 |
| Total operating and administrative expenses | $17,058 |
| Contributions, gifts, grants paid | $25,643 |
| Total expenses and disbursements | $42,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,910 |
| Net Accounts receivable | $3,715 |
| 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 | $91,766 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $525,024 |
| 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, Walter L Mcquiston Community Trust has awarded $25,643 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF OSKALOOSA PURPOSE: EDMUNDSON PARK PROJECT | $20,943 |
CITY OF NEW SHARON PURPOSE: VANUE OF THE FLAGS PROJECT | $4,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
West Central Initiative Fergus Falls, MN | $80,928,029 | $10,157,757 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Of The Fox River Valley Aurora, IL | $129,427,234 | $19,610,188 |
Community Foundation Of North Central Wisconsin Inc Wausau, WI | $90,468,531 | $15,305,164 |
Greater Omaha Chamber Foundation Omaha, NE | $10,667,972 | $5,354,190 |
Truman Heartland Community Foundation Independence, MO | $85,851,190 | $25,771,089 |
Rochester Area Foundation Rochester, MN | $45,116,721 | $11,703,419 |