The Kjellstrom Family Foundation
- Assets
- $9.1m
- Revenue
- $21.0k
- Investments
- $8.8m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-6368876
Organization Overview
The Kjellstrom Family Foundation is located in Rockford, IL. The organization was established in 2005. 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. Kjellstrom Family 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, Kjellstrom Family Foundation generated $21.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (63.1%) each year. All expenses for the organization totaled $539.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kjellstrom Family Foundation has awarded 64 individual grants totaling $1,582,687. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PART XV - LINE 3A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Clark Reidenbach Trustee | 0.5 | $26,500 | |
Dan Ross Trustee | 0.5 | $1,500 | |
Julie Bosma Trustee | 0.5 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $216,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$195,534 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,981 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,725 |
| Total operating and administrative expenses | $82,351 |
| Contributions, gifts, grants paid | $456,807 |
| Total expenses and disbursements | $539,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $321,129 |
| 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 | $8,783,259 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,104,388 |
| 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, The Kjellstrom Family Foundation has awarded $456,807 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELIC ORGANICS PURPOSE: SOCIAL WELFARE | $15,000 |
CASA-WINNEBAGO COUNTY PURPOSE: SOCIAL WELFARE | $10,000 |
CIRCLES OF LEARNING PURPOSE: EDUCATION | $10,000 |
FRIENDS OF THE CORONADO PURPOSE: EDUCATION | $10,000 |
DISCOVERY CENTER MUSEUM PURPOSE: EDUCATION | $19,000 |
THE ARC OF WINNEBAGO BOONE & OGLE COUNTIES PURPOSE: SOCIAL WELFARE | $7,500 |