Truman Lake Community Foundation
- Assets
- $12.8m
- Revenue
- $1.3m
- Investments
- $12.8m
- Employees
- 0
- Location
- Clinton, MO
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 43-1728406
Organization Overview
Truman Lake Community Foundation is located in Clinton, MO. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truman Lake Community 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, Truman Lake Community Foundation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $411.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Truman Lake Community Foundation has awarded 49 individual grants totaling $1,441,765. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE HENRY COUNTY CONDITIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONS IN HENRY COUNTY AND OTHER AREAS TO BENEFIT THOSE CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandie Sorbo Secretary | OfficerTrustee | 1 | $0 |
Meredith Cooper Vice President | OfficerTrustee | 1 | $0 |
Jim Cook President | OfficerTrustee | 10 | $0 |
Kristi Kenney Historian | OfficerTrustee | 1 | $0 |
Nina Sisk Treasurer | OfficerTrustee | 1 | $0 |
Bryan Himes Director | Trustee | 1 | $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 | $164,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,740 |
| Total Program Service Revenue | $0 |
| Investment income | $253,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $878,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,296,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $252,474 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $110 |
| Office expenses | $76 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $411,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,264 |
| 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 | $0 |
| Investments—other securities | $12,792,070 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,796,334 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $12,796,334 |
| Total liabilities and net assets/fund balances | $12,796,334 |
Grants Awarded
Over the last fiscal year, Truman Lake Community Foundation has awarded $85,895 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Clinton, MO PURPOSE: GENERAL SUPPORT | $24,290 |
Clinton, MO PURPOSE: RELIGIOUS DISTRIBUTION | $19,987 |
Clinton, MO PURPOSE: RELIGIOUS DISTRIBUTION | $12,000 |
LAKELAND SCHOOL DISTRICT PURPOSE: EDUCATIONAL ASSISTANCE | $10,000 |
Clinton, MO PURPOSE: EDUCATIONAL ASSISTANCE | $8,618 |
Clinton, MO PURPOSE: GENERAL SUPPORT | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Truman Lake Community Foundation has recieved totaling $16,838.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Ozarks Inc Springfield, MO PURPOSE: SPECIFIC PROGRAM | $7,894 |
Community Foundation Of The Ozarks Inc Springfield, MO PURPOSE: SPECIFIC PROGRAM | $7,894 |
Gus S Wetzel Family Foundation Clinton, MO PURPOSE: CIVIC | $1,050 |
Endowment Analysis
| Beg. Balance | $8,985,763 |
| Earnings | $253,115 |
| Admin Expense | $156,484 |
| Net Contributions | $146,825 |
| Grants | $252,747 |
| Ending Balance | $8,976,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |