Michael E Portzen And Sara A Portzen Family Foundation
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $2.4m
- Employees
- 0
- Location
- Peosta, IA
- Founding
- 10/2013
- Data as of
- 12/2022
- EIN
- 45-4523314
Organization Overview
Michael E Portzen And Sara A Portzen Family Foundation is located in Peosta, IA. The organization was established in 2013. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael E Portzen And Sara A Portzen Family 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 12/2022, Michael E Portzen And Sara A Portzen Family Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $828.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Michael E Portzen And Sara A Portzen Family Foundation has awarded 36 individual grants totaling $8,755,750. 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 |
|---|---|---|---|
Michael E Portzen President/director | 0 | $0 | |
Sara A Portzen Vice President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $366 |
| Dividends & Interest | $51,964 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,413 |
| Capital Gain Net Income | $20,413 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,395 |
| Total Revenue | $1,080,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,867 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,973 |
| Contributions, gifts, grants paid | $808,750 |
| Total expenses and disbursements | $828,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $224,482 |
| 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 | $2,400 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,394,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,620,919 |
| 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, Michael E Portzen And Sara A Portzen Family Foundation has awarded $2,613,750 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL MISSISSIPPI RIVER MUSEUM PURPOSE: PRESERVE THE WONDER | $15,000 |
CHURCH OF RESURRECTION PURPOSE: CHURCH NEEDS | $1,250 |
NE IOWA COMMUNITY COLLEGE FOUNDATION PURPOSE: FUND FOR EXCELLENCE | $10,000 |
STEEPLE SQUARE PURPOSE: CAMPUS UPGRADES | $20,000 |
CHURCH OF RESURRECTION PURPOSE: BUILDING A VISIBLE PRESENCE | $750,000 |
HOLY SPIRIT PARISHSACRED HEART CHURCH PURPOSE: CHURCH NEEDS | $3,750 |