Blanden Charitable Foundation EIN 23-7251297 Form 990 (PDF) Claim this org

Blanden Charitable Foundation

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Inspires and nurtures visual arts education and appreciation through collections and exhibitions. For fiscal year 2024 it reported $292K in revenue, $167K in expenses, and $3.4M in net assets.Pt I

Founded
1972
Type
Supporting organization · Arts & Culture
Location
Fort Dodge, IA
Filings
5 on file (2020–2024)
Revenue
$292KFY2024
Expenses
$167K
Net assets
$3.4M
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7251297 Supporting organization Fort Dodge, IA Founded 1972
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspires and nurtures visual arts education and appreciation through collections and exhibitions.
Leadership
Michael Frischmeyer · President
Money in and out
$292K revenue, $167K expenses
Bottom line
+43% net inflow
Money in and out · FY2024
Total revenue
$292K
Pt VIII · Ln 12
Total expenses
$167K
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $124K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Net inflow
+43%
revenue over expenses, this year▲ ×13 vs prior filing year
Pass-through gifts
26%
of revenue from contributions▼ -45% vs prior filing year
Program spending
72%
of expenses reach stated programs▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$292K
FY2024▲ +93%
Expenses
$167K
FY2024▲ +6%
Total assets
$3.4M
FY2024▲ +9%
Total liabilities
$237
FY2024▼ -50%
Total revenue
$292K
Pt VIII · Ln 12
Total expenses
$167K
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$124K
Total assetsPt X · Ln 16$3.4M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBlanden Charitable Foundation
EINHdr · item D23-7251297
Principal addressHdr · item CFort Dodge, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1972
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A51I)
Ruling yearIRS BMFJan 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $97K of program spending, described in the organization's own filed words · FY2024.
01

Exhibition

Exhibitions and special events such as curator and artist lecture and artist demonstrations were offered in the year.

$72Kprogram expense
02

Education

Children & adults participated in classes at the museum; had educational tour participants; grade school children were taught a class by the museum educator in our Art in the Schools Program; adults participanted in our Community Focus Program.

$16Kprogram expense
03

Collection

purchase and conservation of art

$8Kprogram expense

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Statement of Revenue

Part VIII
Investment income$201K · 69%
Contributions & grants$75K · 26%
Other revenue$15K · 5%
Investment income69%$201K
Contributions & grants26%$75K
Other revenue5%$15K
Total revenueLn 12$292K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$120K
Management & general28%$47K
Total functional expensesLn 25$167K

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$3.4M
Total liabilitiesLn 26$237
Total net assetsLn 32$3.4M
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.3M · Operating expenses/yr $167K
236.8 months
Where the money goes
Program services
Program services $120K · Total expenses $167K
72%
Management & General
Management & general $47K · Total expenses $167K
28%
Fundraising
Fundraising $0 · Total expenses $167K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $96K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $75K · Total revenue $292K
26%
Government reliance
Government grants — · Total revenue $292K
Earned-income share
Program service revenue $0 · Total revenue $292K
0%
Investment reliance
Investment income $201K · Total revenue $292K
+69%
Program self-sufficiency
Program service revenue $0 · Total expenses $167K
0%
Growth & trend
Revenue growth (YoY)
This year $292K · Prior year $151K
+93%
Revenue CAGR
FY2019 $141K · FY2024 $292K
+16%
Net-asset trend (YoY)
End of year $3.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $292K · Expenses $167K
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $3.4M
Net-asset ratio
Net assets $3.4M · Total assets $3.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.4M
96%
People & payroll
Highest Reported Total Compensation
Individual Michael Frischmeyer · Reported title President · Highest reported compensation $0 · Total expenses $167K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $167K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 28%
Revenue growth 93%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$151K revenue · ⤓ 990 PDF
FY2023$312K revenue · ⤓ 990 PDF
FY2022$164K revenue · ⤓ 990 PDF
FY2021$108K revenue · ⤓ 990 PDF
FY2020$141K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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