Rundgren Foundation
- Assets
- $2.4m
- Revenue
- $146.4k
- Investments
- $2.4m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 36-4104629
Organization Overview
Rundgren Foundation is located in Oak Brook, IL. The organization was established in 1997. 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. Rundgren 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 12/2023, Rundgren Foundation generated $146.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $188.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rundgren Foundation has awarded 55 individual grants totaling $936,050. 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 |
|---|---|---|---|
Wayne W Haack President | 1 | $25,000 | |
Christopher M Reiser Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $77,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,996 |
| Capital Gain Net Income | $48,996 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,404 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,687 |
| Total operating and administrative expenses | $74,059 |
| Contributions, gifts, grants paid | $114,700 |
| Total expenses and disbursements | $188,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,605 |
| Savings and temporary cash investments | $0 |
| 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 | $2,415,391 |
| 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, Rundgren Foundation has awarded $114,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
READING IS FUNDAMENTAL INC PURPOSE: ASSIST OTHER CHARITABLE ORGANIZATIONS IN THEIR PHILANTHROPIC EFFORTS | $30,000 |
AMERICAN INDIAN COLLEGE FUND PURPOSE: ASSIST OTHER CHARITABLE ORGANIZATIONS IN THEIR PHILANTHROPIC EFFORTS | $15,000 |
READING IN MOTION PURPOSE: ASSIST OTHER CHARITABLE ORGANIZATIONS IN THEIR PHILANTHROPIC EFFORTS | $14,000 |
ONE MILLION DEGREES PURPOSE: ASSIST OTHER CHARITABLE ORGANIZATIONS IN THEIR PHILANTHROPIC EFFORTS | $30,000 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: ASSIST OTHER CHARITABLE ORGANIZATIONS IN THEIR PHILANTHROPIC EFFORTS | $25,000 |
LITTLE FRIENDS PURPOSE: ASSIST OTHER CHARITABLE ORGANIZATIONS IN THEIR PHILANTHROPIC EFFORTS | $500 |