Edgar L Boone Foundation
- Assets
- $612.2k
- Revenue
- $46.4k
- Investments
- $581.6k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 91-6021758
Organization Overview
Edgar L Boone Foundation is located in Milwaukee, WI. The organization was established in 1988. 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. Edgar L Boone 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, Edgar L Boone Foundation generated $46.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $79.2k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Edgar L Boone Foundation has awarded 30 individual grants totaling $363,080. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,421 |
| Capital Gain Net Income | $25,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27 |
| Total Revenue | $46,416 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,401 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,266 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $18,192 |
| Contributions, gifts, grants paid | $60,980 |
| Total expenses and disbursements | $79,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,338 |
| Savings and temporary cash investments | $28,587 |
| 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 | $478,731 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $712 |
| Total assets | $612,198 |
| 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, Edgar L Boone Foundation has awarded $60,980 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE SALVATION ARMY PURPOSE: GENERAL OPERATING | $15,245 |
WHITWORTH UNIVERSITY PURPOSE: GENERAL OPERATING | $6,098 |
EASTERN WASHINGTON UNIVERSITY FOUNDATION PURPOSE: GENERAL OPERATING | $15,245 |
VOLUNTEERS OF AMERICA PURPOSE: GENERAL OPERATING | $9,147 |
EMPIRE HEALTH FOUNDATION PURPOSE: GENERAL OPERATING | $15,245 |