Don E & Charlotte J Williams Charitable Foundation Inc
- Assets
- $1.2m
- Revenue
- $37.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Moline, IL
- Founding
- 03/1990
- Data as of
- 12/2023
- EIN
- 36-3611702
Organization Overview
Don E & Charlotte J Williams Charitable Foundation Inc is located in Moline, IL. The organization was established in 1990. 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. Don E & Charlotte J Williams Charitable 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 12/2023, Don E & Charlotte J Williams Charitable Foundation Inc generated $37.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $130.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Don E & Charlotte J Williams Charitable Foundation Inc has awarded 47 individual grants totaling $974,170. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND GRANTS FOR EDUCATIONAL PURPOSES
PROVIDE GRANTS TO CIVIC ORGANIZATIONS FOR QUALITY OF LIFE IMPROVEMENT
PROVIDE GRANTS TO CHARITABLE ORGANIZATIONS FOR NECESSARY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Schrager Director | 9 | $20,000 | |
Frank Nowinski Director | 1.5 | $9,000 | |
James Abbitt Director | 1.5 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,887 |
| Dividends & Interest | $39,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,349 |
| Capital Gain Net Income | $10,349 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$14,012 |
| Total Revenue | $37,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,630 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84 |
| Total operating and administrative expenses | $44,464 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $130,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,014 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,000 |
| 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 | $158,232 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,244,089 |
| 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, Don E & Charlotte J Williams Charitable Foundation Inc has awarded $86,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
QUAD CITIES COMMUNITY FOUNDATION PURPOSE: OPERATING EXPENSESEDUCATIONAL SCHOLARSHIPS | $56,000 |
QUAD CITIES ANIMAL WELFARE CENTER PURPOSE: OPERATING EXPENSES | $5,000 |
NEW KINGDOM TRAIL RIDERS PURPOSE: OPERATING EXPENSES | $5,000 |
BETHANY HOME PURPOSE: OPERATING EXPENSES | $10,000 |
RIVER BEND FOOD BANK PURPOSE: OPERATING EXPENSES | $10,000 |