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Frca Charitable Foundation is a private corporation based in BELMOND, IA. The foundation received its IRS ruling in 2013. The principal officer is Richard A Pals. It holds total assets of $1.1M. Annual income is reported at $88K. Total assets have grown from $17K in 2013 to $1M in 2023. The foundation is governed by 3 officers and trustees. Frca charitable foundation was founded to further the mission of a church of jesus christ organizing exclusively for charitable, religious, educational, mission, and scientific purposes. Tax records are available from 2019 to 2023. According to available records, Frca Charitable Foundation has made 5 grants totaling $273K, with a median grant of $52K. Annual giving has grown from $27K in 2020 to $78K in 2023. Grantmaking activity was highest in 2022 with $105K distributed across 2 grants. Individual grants have ranged from $27K to $78K, with an average award of $55K. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Frca charitable foundation was founded to further the mission of a church of jesus christ organizing exclusively for charitable, religious, educational, mission, and scientific purposes.
Expenses: $64K
Frca charitable foundation was founded to further the mission of a church of jesus christ organizing exclusively for charitable, religious, educational, mission, and scientific purposes. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in IA.
Frca Charitable Foundation has distributed a total of $273K across 5 grants. The median grant size is $52K, with an average of $55K. Individual grants have ranged from $27K to $78K.
The application deadline is FRCA ACCEPTS REQUESTS THROUGHOUT THE YEAR. There are no restrictions other than board approval.
Frca Charitable Foundation is headquartered in BELMOND, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard A Pals | PRESIDENT | $0 | $0 | N/A |
| James K Wenzel | VICE PRESIDE | $0 | $0 | N/A |
| Roy R Arends | TREASURER | $0 | $0 | N/A |
Total Giving
$91K
Total Assets
$1M
Fair Market Value
$2.3M
Net Worth
$1M
Grants Paid
$78K
Contributions
$13K
Net Investment Income
$17K
Distribution Amount
N/A
Total: $571K
Total Grants
5
Total Giving
$273K
Average Grant
$55K
Median Grant
$52K
Unique Recipients
1
Most Common Grant
$52K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Alexander Reformed ChurchCHARITABLE | Alexander, IA | $78K | 2023 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA