Tim Terry And Gretchen Rice-Terry Foundation Ltd
- Assets
- $0.0
- Revenue
- $2.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 46-4465056
Organization Overview
Tim Terry And Gretchen Rice-Terry Foundation Ltd is located in Cedar Rapids, IA. The organization was established in 2015. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tim Terry And Gretchen Rice-Terry Foundation Ltd 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, Tim Terry And Gretchen Rice-Terry Foundation Ltd generated $2.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (62.4%) each year. All expenses for the organization totaled $8.6k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH DONATED TO 'UNIVERSITY OF IOWA' FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION.
CASH DONATED TO 'ICCSD FOUNDATION' FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION.
CASH DONATED TO 'MERCY HEALTH FOUNDATION' FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION.
CASH DONATED TO 'IOWA VALLEY HABITAT FOR HUMANITY' FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Terry President | 1 | $0 | |
Patricia Davidson Vice-Preside | 1 | $0 | |
Kristina Adams Secretary | 1 | $0 | |
Gretchen Rice Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,014 |
| Contributions, gifts, grants paid | $7,550 |
| Total expenses and disbursements | $8,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Tim Terry And Gretchen Rice-Terry Foundation Ltd has awarded $7,550 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA PURPOSE: GENERAL OPERATING | $6,000 |
ICCSD FOUNDATION PURPOSE: GENERAL OPERATING | $1,000 |
MERCY HEALTH FOUNDATION PURPOSE: GENERAL OPERATING | $250 |
ALTRUSA PURPOSE: GENERAL OPERATING | $100 |
COMMUNITY PURPOSE: GENERAL OPERATING | $100 |
IOWA VALLEY HABITAT FOR HUMANITY PURPOSE: GENERAL CATEGORY | $100 |