Eastmont Towers Foundation
- Assets
- $4.5m
- Revenue
- $478.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 03/1997
- Data as of
- 09/2021
- EIN
- 91-1767080
Organization Overview
Eastmont Towers Foundation is located in Lincoln, NE. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Eastmont Towers 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 09/2021, Eastmont Towers Foundation generated $478.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $201.6k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE MONEY FOR THE USE OF CHRISTIAN RETIREMENT HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE MONEY FOR THE USE OF CHRISTIAN RETIREMENT HOMES (DBA EASTMONT LIVING), A NOT-FOR-PROFIT 501(C)3 CORPORATION, FOR THE PROGRAMS DESCRIBED BELOW:1. BENEVOLENT LIFE CARE - PROVIDE BENEVOLENT CARE FOR LIFE CARE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES.2. BENEVOLENT HOSPICE CARE - PROVIDE BENEVOLENT HOSPICE CARE FOR COMMUNITY MEMBERS AT THE MONARCH, A HOSPICE CARE FACILITY WITHIN THE EASTMONT COMMUNITY.3. OPERATIONAL GRANTS - PROVIDE OPERATIONAL GRANTS FOR SPECIFIC IMPROVEMENTS THAT ENHANCE THE QUALITY OF LIFE OF EASTMONT RESIDENTS.4. EASTMONT CARES - SUPPORT EASTMONT EMPLOYEES WHO PERSONIFY THE EASTMONT WAY THROUGH TUITION REIMBURSEMENT AND EMERGENCY ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Sullivan President | OfficerTrustee | 1 | $0 |
Jeff Ahl Vice President | OfficerTrustee | 1 | $0 |
Jim Essay Treasurer | OfficerTrustee | 1 | $0 |
Doug Koenig Secretary | OfficerTrustee | 1 | $0 |
Andrew Fisher Mha Nha Executive Director | Officer | 10 | $0 |
Betsy Sheets Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $83,729 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,426 |
| Noncash contributions included in lines 1a–1f | $11,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,155 |
| Total Program Service Revenue | $0 |
| Investment income | $77,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $93,430 |
| Net Income from Fundraising Events | -$7,679 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $478,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,111 |
| Grants and other assistance to domestic individuals. | $6,789 |
| 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 | $87,114 |
| Pension plan accruals and contributions | $1,725 |
| Other employee benefits | -$811 |
| Payroll taxes | $6,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,149 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20 |
| Office expenses | $1,625 |
| Information technology | $7,503 |
| 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 | $3,470 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $201,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225 |
| Savings and temporary cash investments | $775,801 |
| 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 | $3,715,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $4,491,236 |
| 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 | $2,225,251 |
| Net assets with donor restrictions | $2,265,985 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,491,236 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Eastmont Towers Foundation has recieved totaling $111,391.
| Awarding Organization | Amount |
|---|---|
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL SUPPORT | $53,881 |
D F Dillon Foundation Lincoln, NE PURPOSE: PROGRAM | $50,000 |
Rogers Foundation Lincoln, NE PURPOSE: CHARITABLE | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Endowment Analysis
| Beg. Balance | $1,840,860 |
| Earnings | -$6,114 |
| Ending Balance | $1,834,746 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Investing Charitable Foundation Inc Overland Park, KS | $59,629,063 | $92,847,262 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |