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Nonprofiteer
← HENRY B ALLEN FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by HENRY B ALLEN FAMILY FOUNDATION.

Totals

Total revenue
$292,556
Total expenses
$166,784
Contributions and grants received
$0
Grants paid
$143,715
Program service revenue
$0
Investment income
$292,556
Other revenue
$0
Total assets, end of year
$2,316,529
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,316,529
Program services expenses (Part IX)
$143,715
Management and general expenses
$23,069
Fundraising expenses
$0
Program service expenses (Part III)
$143,715

Program services were 86.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $58,538 · excluded $58,538

  • 7a · Gross sales of assets other than inventory

    securities $328,966

  • 7b · Less cost or other basis and sales expenses

    securities $94,948

  • 7c · Gain or loss

    securities $234,018

  • 7d · Net gain or loss

    total $234,018 · excluded $234,018

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $143,715 · program services $143,715

  • 11a · Fees: management

    total $2,683 · management and general $2,683

  • 11c · Fees: accounting

    total $1,820 · management and general $1,820

  • 11f · Fees: investment management

    total $17,292 · management and general $17,292

  • 23 · Insurance

    total $1,274 · management and general $1,274

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $98,431 · end of year $59,738

  • 11 · Investments: publicly traded securities

    beginning of year $2,092,326 · end of year $2,256,791

  • 29 · Capital stock, trust principal or current funds

    beginning of year $599,300 · end of year $599,300

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,591,457 · end of year $1,717,229

Mission and programs · 2023

Mission

TO COLLECT INCOME FROM ANY PROPERTY, REAL OR PERSONAL, WHICH THE HENRY B. ALLEN FAMILY FOUNDATION MAY OWN, PAY ALL EXPENSES AND DISTRIBUTE NET INCOME ON AN ANNUAL BASIS TO ALLEN MEMORIAL HOSPITAL CORPORATION, WATERLOO, IOWA, FOR SO LONG AS IT OPERATES AS A HOSPITAL.

  • THE ARTICLES OF INCORPORATION OF THE HENRY B. ALLEN FAMILY FOUNDATION REQUIRE DISTRIBUTION OF THE NET INCOME ANNUALLY TO THE ALLEN MEMORIAL HOSPITAL CORPORATION, A NON-PROFIT CORPORATION, 1825 LOGAN AVE., WATERLOO, IA 50703.

    Expenses $143,715 · Grants $143,715

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Jane Hasek

    VICE PRESIDE

    Total calculated
    $0

  • Eric W Johnson

    PRESIDENT

    Total calculated
    $0

  • Kathleen McCoy

    TREASURER

    Total calculated
    $0

  • Dr Beverly Smith

    SECRETARY

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 June 2024
IRS schema version
2023v5.0
Source object
202412159349301216

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