Foundations Of East Chicago Inc
- Assets
- $37.7m
- Revenue
- $5.5m
- Investments
- $34.8m
- Employees
- 0
- Location
- East Chicago, IN
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 20-8445003
Organization Overview
Foundations Of East Chicago Inc is located in East Chicago, IN. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public 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. Foundations Of East Chicago Inc 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 12/2021, Foundations Of East Chicago Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosa Pena Exec Director | 45 | $103,202 | |
Alexis Jiminez Administrative Assis | 40 | $68,765 | |
Janet Wozniak Program Manager | 40 | $67,526 | |
Tereka Boone Education Program Di | 40 | $51,131 | |
George Weems President | 12.15 | $30,000 | |
Nadyne Kokot Member | 2.61 | $14,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barnes & Thornburg Llp | 12/30/18 | $168,247 |
Smdg Llc | 12/30/18 | $118,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,333,971 |
| Interest on Savings | $61 |
| Dividends & Interest | $719,703 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $464,983 |
| Capital Gain Net Income | $464,983 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $679 |
| Total Revenue | $5,519,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $221,409 |
| Other employee salaries and wages | $255,341 |
| Pension plans, employee benefits | $103,758 |
| Interest | $0 |
| Taxes | $31,097 |
| Depreciation | $7,335 |
| Occupancy | $65,473 |
| Travel, conferences, and meetings | $1,267 |
| Printing and publications | $0 |
| Other expenses | $315,574 |
| Total operating and administrative expenses | $1,274,002 |
| Contributions, gifts, grants paid | $3,626,429 |
| Total expenses and disbursements | $4,900,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,515,250 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $345,541 |
| 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 | $15,313 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,928 |
| Other assets | $0 |
| Total assets | $37,687,185 |
| Accounts payable and accrued expenses | $98,825 |
| Grants payable | $1,173,149 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,314 |
| Total liabilities | $1,273,288 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundations Of East Chicago Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Crown Point Community Foundation Inc Crown Point, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Chicago Cubs Charities Chicago, IL | $11,765,252 | $2,315,259 |
Delta Dental Of Illinois Foundation Naperville, IL | $25,024,389 | $3,455,775 |