Mr And Mrs George W Taylor Foundtn
- Assets
- $5.4m
- Revenue
- $1.3m
- Investments
- $5.1m
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 01/1985
- Data as of
- 12/2022
- EIN
- 36-3321315
Organization Overview
Mr And Mrs George W Taylor Foundtn is located in Rockford, IL. The organization was established in 1985. 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. Mr And Mrs George W Taylor Foundtn 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, Mr And Mrs George W Taylor Foundtn generated $1.3m 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 (25.3%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mr And Mrs George W Taylor Foundtn has awarded 57 individual grants totaling $7,749,035. 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 |
|---|---|---|---|
James Thiede Trustee | 10 | $100,000 | |
Jo Thiede Trustee | 0 | $0 | |
Philip R Frankfort Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,346 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,033,287 |
| Capital Gain Net Income | $1,178,207 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100,000 |
| Total Revenue | $1,296,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51,396 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,307 |
| Total operating and administrative expenses | $227,993 |
| Contributions, gifts, grants paid | $2,825,000 |
| Total expenses and disbursements | $3,052,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,891 |
| Savings and temporary cash investments | $132,513 |
| 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 | $46,265 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,359,224 |
| 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, Mr And Mrs George W Taylor Foundtn has awarded $2,825,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF ROCKFORD PURPOSE: SOCIAL WELFARE - YOUTH ENHANCEMENT | $25,000 |
CHURCH OF THE HOLY APOSTLES PURPOSE: SOCIAL WELFARE - FEEDING THE POOR | $40,000 |
CHILDREN'S DISCOVERY MUSEUM PURPOSE: EDUCATIONAL - YOUTH ENHANCEMENT | $25,000 |
HOME FOR OUR TROOPS PURPOSE: SOCIAL WELFARE - HELP WOUNDED VETERANS | $250,000 |
MAYO CLINIC FOUNDATION PURPOSE: MEDICAL RESEARCH - THORACIC SPECIMEN PROJECT | $200,000 |
SALVATION ARMY PANTRY PURPOSE: SOCIAL WELFARE - FEEDING THE POOR | $10,000 |