Imc Chicago Charitable Foundation
- Assets
- $26.9m
- Revenue
- $13.8m
- Investments
- $25.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 26-1416954
Organization Overview
Imc Chicago Charitable Foundation is located in Chicago, IL. The organization was established in 2008. 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. Imc Chicago Charitable 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 12/2021, Imc Chicago Charitable Foundation generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $10.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Imc Chicago Charitable Foundation has awarded 436 individual grants totaling $26,936,165. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SUPPLIES PURCHASED AND DONATED TO SCHOOLS AND YOUTH DEVELOPMENT NONPROFITS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Arents Vice President | 40 | $95,000 | |
Lisa Wiersma Director, Foundation Manag | 35 | $70,000 | |
Osias Lilian Treasurer, Director | 1 | $0 | |
Robert Lev Assistant Secretary | 1 | $0 | |
Andrew Larse Director | 1 | $0 | |
Sundeep Khiani Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,561,259 |
| Interest on Savings | $0 |
| Dividends & Interest | $752,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $472,634 |
| Capital Gain Net Income | $472,634 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $216 |
| Total Revenue | $13,786,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $165,000 |
| Other employee salaries and wages | $80,000 |
| Pension plans, employee benefits | $93,378 |
| Interest | $0 |
| Taxes | $11,384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $253,894 |
| Total operating and administrative expenses | $735,738 |
| Contributions, gifts, grants paid | $9,553,538 |
| Total expenses and disbursements | $10,289,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,149,507 |
| 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 | $1,125,809 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,881,163 |
| 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, Imc Chicago Charitable Foundation has awarded $11,205,738 in support to 147 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, DE PURPOSE: GENERAL | $3,805,220 |
San Francisco, CA PURPOSE: EDUCATION | $1,109,600 |
Chicago, IL PURPOSE: EDUCATION | $525,000 |
Beverly Hills, CA PURPOSE: EDUCATION | $500,000 |
UNICEF USA PURPOSE: GENERAL | $400,000 |
VOCEL PURPOSE: GENERAL | $375,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Trott Family Foundation Chicago, IL | $0 | $2,395,873 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Manton Foundation Chicago, IL | $499,091,994 | $69,635,634 |