Stig P Orum Memorial Foundation Inc
- Assets
- $682.0k
- Revenue
- $36.9k
- Investments
- $638.7k
- Employees
- 0
- Location
- St Charles, IL
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 36-3727759
Organization Overview
Stig P Orum Memorial Foundation Inc is located in St Charles, IL. The organization was established in 1992. 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. Stig P Orum Memorial 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 12/2021, Stig P Orum Memorial Foundation Inc generated $36.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $35.2k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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, Stig P Orum Memorial Foundation Inc has awarded 98 individual grants totaling $191,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christa Orum-Keller President/se | 1.5 | $0 | |
Peter Orum Vice Pres. | 0.25 | $0 | |
Craig Keller Treasurer/se | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,760 |
| Interest on Savings | $9,348 |
| Dividends & Interest | $22,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$957 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $143 |
| Total Revenue | $36,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $936 |
| Total operating and administrative expenses | $3,172 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $35,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,602 |
| Savings and temporary cash investments | $35,693 |
| 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 | $682,000 |
| 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, Stig P Orum Memorial Foundation Inc has awarded $32,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
LIAM EVANS PURPOSE: SCHOLARSHIP | $2,500 |
KRISTIN AAGAARD PURPOSE: SCHOLARSHIP | $2,500 |
JACOB WASCHER PURPOSE: SCHOLARSHIP | $2,500 |
GRACE WEISS PURPOSE: SCHOLARSHIP | $2,000 |
NOAH SMITH PURPOSE: SCHOLARSHIP | $2,000 |
DUNDEE TOWNSHIP ROTARY CLUB PURPOSE: GENERAL PURPOSE GRANT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |