Steans Family Foundation
- Assets
- $0.0
- Revenue
- $20.1m
- Investments
- $257.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/1987
- Data as of
- 12/2020
- EIN
- 36-3486843
Organization Overview
Steans Family Foundation is located in Chicago, 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. Steans Family 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 12/2020, Steans Family Foundation generated $20.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $16.9m during the year ending 12/2020. While expenses have increased by 15.6% 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.
Since 2016, Steans Family Foundation has awarded 20 individual grants totaling $58,224,171. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING AND PROGRAMS INTENDED TO REVITALIZE THE NORTH LAWNDALE NEIGHBORHOOD ON CHICAGO'S WEST SIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Steans President | 30 | $0 | |
Jennifer Steans Treasurer | 5 | $0 | |
Leo Smith Trustee | 5 | $0 | |
Lenny Gail Trustee | 5 | $0 | |
Reginald Jones Trustee | 5 | $0 | |
Jim Kastenholz Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,763,408 |
| Interest on Savings | $140,412 |
| Dividends & Interest | $8,115,070 |
| Profit on Inventory Sales | $0 |
| Other Income | -$6,221,576 |
| Total Revenue | $20,140,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $274,289 |
| Depreciation | $85,143 |
| Occupancy | $67,336 |
| Travel, conferences, and meetings | $3,415 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $5,772,672 |
| Contributions, gifts, grants paid | $11,162,806 |
| Total expenses and disbursements | $16,935,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,060,790 |
| Investments—mortgage loans | $0 |
| Investments—other | $73,304,988 |
| Other assets | $43,273 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,152,735 |
Grants Awarded
Over the last fiscal year, Steans Family Foundation has awarded $14,399,164 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS- SEE ATTACHED LIST PURPOSE: GENERAL SUPPORT | $13,067,294 |
OTHER GRANTS PURPOSE: GENERAL SUPPORT | $1,331,870 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Steans Family Foundation has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Bauer Foundation Inc New Canaan, CT PURPOSE: OPERATIONAL SUPPORT: NORTH LAWNDALE AND NORTH CHICAGO COMMUNITIES | $1,000,000 |
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 |