DES MOINES, IA

Code Scholarship Fund

Quick Facts

EIN: 426472809
Location: DES MOINES, IA
Phone: (515) 245-2424
Category: General
Total Assets: $75K
Annual Income: $39K
IRS Ruling Year: 1991
Organization Type: Non-Operating Foundation
Principal Officer: % Bankers Trust Company-Trust Dept
Tax Deductibility: Contributions are deductible

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About This Foundation

Code Scholarship Fund is a private corporation based in DES MOINES, IA. The foundation received its IRS ruling in 1991. The principal officer is % Bankers Trust Company-Trust Dept. It holds total assets of $75K. Annual income is reported at $39K. FOUNDATION PROVIDED SCHOLARSHIPS FOR 5 UNRELATED INDIVIDUALS. According to available records, Code Scholarship Fund has made 22 grants totaling $175K, with a median grant of $10K. Annual giving has decreased from $40K in 2020 to $30K in 2023. Grantmaking activity was highest in 2022 with $70K distributed across 8 grants. Individual grants have ranged from $5K to $10K, with an average award of $8K. The foundation has supported 7 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

FOUNDATION PROVIDED SCHOLARSHIPS FOR 5 UNRELATED INDIVIDUALS

Frequently Asked Questions

What does Code Scholarship Fund fund?

FOUNDATION PROVIDED SCHOLARSHIPS FOR 5 UNRELATED INDIVIDUALS. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in IA.

How much does Code Scholarship Fund give in grants?

Code Scholarship Fund has distributed a total of $175K across 22 grants. The median grant size is $10K, with an average of $8K. Individual grants have ranged from $5K to $10K.

How do I apply for a grant from Code Scholarship Fund?

Code Scholarship Fund typically selects its grantees rather than accepting unsolicited proposals.

Where is Code Scholarship Fund located?

Code Scholarship Fund is headquartered in DES MOINES, IA.

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$33K

2023-15%

Total Assets

$83K

2023-27%

Fair Market Value

$86K

2023

Net Worth

$83K

2023

Grants Paid

$30K

2023

Contributions

2023

Net Investment Income

$850

2023

Distribution Amount

$5K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $78K

Corporate Stock (79%)

Corporate Bonds (21%)

Expense Breakdown (2023)

Revenue Sources (2023)

Dividends: $2K
Other Income: $355
Capital Gains (Net): $243

Financial Details (2023)

Total Revenue: $3K
Total Expenses: $33K
Exempt Purpose Expenses: $31K
Required Distribution: $5K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $12

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsYes

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$175K

Average Grant

$8K

Median Grant

$10K

Unique Recipients

Most Common Grant

$10K

Grant Disbursements by Year

Grant Range

Min$5K

Max$10K

Median: $10K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

IA$175K (22)

Past Grantees

Recipient	Location	Amount	Year
Veronica WennerstromSCHOLARSHIP FOR EDUCATION	Johnston, IA	$10K	2023
Jackson BegolkaSCHOLARSHIP FOR EDUCATION	West Des Moines, IA	$10K	2023
Yenenesh AnshisoCHARITABLE	West Des Moines, IA	$5K	2023
Rosa CamachoSCHOLARSHIP FOR EDUCATION	West Des Moines, IA	$5K	2023
Rachel WernerSCHOLARSHIP FOR EDUCATION	Ames, IA	$5K	2022