Margaret L Prahm Kephart Charitable Tr
- Assets
- $2.6m
- Revenue
- $52.8k
- Investments
- $2.6m
- Employees
- 0
- Location
- Independence, IA
- Founding
- Data as of
- 12/2023
- EIN
- 84-6958074
Organization Overview
Margaret L Prahm Kephart Charitable Tr is located in Independence, IA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Margaret L Prahm Kephart Charitable Tr 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, Margaret L Prahm Kephart Charitable Tr generated $52.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $150.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Margaret L Prahm Kephart Charitable Tr has awarded 30 individual grants totaling $319,369. 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 |
|---|---|---|---|
Name Not Listed Trust Office | 0 | $18,597 | |
Roger Main Trustee | 0 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,440 |
| Dividends & Interest | $67,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,037 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,597 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $524 |
| Total operating and administrative expenses | $24,445 |
| Contributions, gifts, grants paid | $126,462 |
| Total expenses and disbursements | $150,907 |
| 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 | $2,558,799 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,558,799 |
| 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, Margaret L Prahm Kephart Charitable Tr has awarded $126,462 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
INDEPENDENCE AREA DOLLAR FOR SCHOLA PURPOSE: CONTRIBUTION TO SCHOLAR FUND | $15,528 |
JESUP DOLLARS FOR SCHOLARS PURPOSE: CONTRIBUTION TO SCHOLAR FUND | $15,528 |
BUCHANAN COUNTY HISTORICAL SOCIETY PURPOSE: CONTRIBUTION TO GENERAL FUND | $11,646 |
BUCHANAN COUNTY TOURISM BUREAU PURPOSE: CONTRIBUTION TO GENERAL FUND | $11,646 |
INDEPENDENCE PUBLIC LIBRARY FOUNDAT PURPOSE: CONTRIBUTION TO GENERAL FUNDS | $11,646 |
EAST BUCHANAN FUNDS FOR THE FUTURE PURPOSE: CONTRIBUTION TO GENERAL FUND | $15,528 |