The Owens Foundation
- Assets
- $16.0m
- Revenue
- $937.2k
- Investments
- $14.6m
- Employees
- 0
- Location
- Palos Heights, IL
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 36-3429160
Organization Overview
The Owens Foundation is located in Palos Heights, IL. The organization was established in 1987. 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. Owens 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, Owens Foundation generated $937.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary M Owens Pres Sec Dir | 5 | $0 | |
Thomas M Owens Jr Director | 5 | $0 | |
Julie Owens Burns Director | 35 | $130,000 | |
Sharon Owens Director | 10 | $30,000 | |
Katie M Mulcahy Director | 20 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $360,523 |
| Dividends & Interest | $265,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $321,215 |
| Capital Gain Net Income | $321,215 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$10,293 |
| Total Revenue | $937,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $116,615 |
| Interest | $0 |
| Taxes | $44,074 |
| Depreciation | $0 |
| Occupancy | $24,070 |
| Travel, conferences, and meetings | $777 |
| Printing and publications | $0 |
| Other expenses | $15,221 |
| Total operating and administrative expenses | $486,258 |
| Contributions, gifts, grants paid | $1,233,828 |
| Total expenses and disbursements | $1,720,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $370,813 |
| 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 | $6,914,131 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,027,836 |
| Total assets | $15,965,588 |
| 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 Owens Foundation has awarded $973,142 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: GENERAL | $973,140 |
BW CO-INVESTMENT PARTNERS(26-1400867) PURPOSE: GENERAL | $1 |
BW CAPITAL PARTNERS(20-5849656) PURPOSE: GENERAL | $1 |