Family Benevolent Foundation
- Assets
- $531.7k
- Revenue
- $112.5k
- Investments
- $511.0k
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 48-1285065
Organization Overview
Family Benevolent Foundation is located in Hastings, NE. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Family Benevolent 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, Family Benevolent Foundation generated $112.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $51.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Family Benevolent Foundation has awarded 96 individual grants totaling $261,020. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David O Peterson Vp/dir | 0.5 | $0 | |
Daniel A Peterson Dir | 0.5 | $0 | |
Jessica Beatty Pres | 0.5 | $0 | |
Rebecca Peterson Sec | 0.5 | $0 | |
Margaret C Peterson Dir | 0.5 | $0 | |
Mark A Peterson Treas/dir | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,865 |
| Interest on Savings | $6 |
| Dividends & Interest | $19,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,084 |
| Capital Gain Net Income | $54,084 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $1,332 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $51,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,747 |
| 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 | $531,730 |
| 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, Family Benevolent Foundation has awarded $50,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Wayne, IN PURPOSE: LUTHERAN MINISTRY LIBERIA | $12,000 |
Norfolk, NE PURPOSE: WORLD POVERTY RELIEF | $11,500 |
HEARTS AND HANDS AGAINST HUNGER PURPOSE: WORLD HUNGER RELIEF | $3,500 |
CONCORDIA HARVEST FUND PURPOSE: EDUCATION SUPPORT | $3,500 |
ZION CLASSICAL ACADEMY PURPOSE: PRIVATE EDUCATION SCHOOL | $3,000 |
Rochester, MN PURPOSE: ETHIOPIA POVERTY RELIEF | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Mutual Of Omaha Foundation Omaha, NE | $120,899,798 | $13,368,524 |
Claire M Hubbard Foundation Omaha, NE | $31,541,308 | $3,169,912 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
D F Dillon Foundation Lincoln, NE | $47,396,549 | $3,325,825 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |
Dehaemers Fam Charitable Tr Overland Park, KS | $122,347,321 | $4,858,235 |
John Ruan Foundation Trust Urbandale, IA | $110,876,833 | $7,230,015 |
World Wide Technology Foundation St Louis, MO | $15,800,629 | $11,017,439 |