Usg Foundation Inc
- Assets
- $1.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1978
- Data as of
- 12/2022
- EIN
- 36-2984045
Organization Overview
Usg Foundation Inc is located in Chicago, IL. The organization was established in 1978. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usg Foundation 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 12/2022, Usg Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.4% each year . All expenses for the organization totaled $888.2k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 4 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.
Since 2020, Usg Foundation Inc has awarded 621 individual grants totaling $2,338,493. 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
VARIOUS CIVIC ACTIVITIES
VARIOUS HEALTH AND WELFARE ACTIVITIES
VARIOUS EDUCATION ACTIVITIES
VARIOUS ARTS AND CULTURAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Earll President | 2 | $0 | |
Sheila Konor Asst Secretary | 2 | $0 | |
Christopher Griffin Director | 2 | $0 | |
Michele Green VP Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $14,469 |
| Total operating and administrative expenses | $14,469 |
| Contributions, gifts, grants paid | $873,717 |
| Total expenses and disbursements | $888,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,196,278 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,196,278 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $18,545 |
| 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 | $18,545 |
Grants Awarded
Over the last fiscal year, Usg Foundation Inc has awarded $873,717 in support to 272 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: COMMUNITY AND CIVIC SERVICES | $42,625 |
AMERICAN HEART ASSOCIATION INC PURPOSE: HEALTH AND HUMAN SERVICES | $36,890 |
BETWEEN WOMEN INC PURPOSE: COMMUNITY & CIVIC SERVICES | $5,000 |
AUTISM SPEAKS PURPOSE: COMMUNITY & CIVIC SERVICES | $10,812 |
CRADLES TO CRAYONS PURPOSE: COMMUNITY AND CIVIC SERVICES | $6,000 |
CENTER ON HALSTEAD PURPOSE: COMMUNITY AND CIVIC | $1,000 |