Norris & Margaret Aldeen Foundation For Rockford
- Assets
- $1.0m
- Revenue
- $164.6k
- Investments
- $986.3k
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 36-4124505
Organization Overview
Norris & Margaret Aldeen Foundation For Rockford is located in Rockford, IL. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norris & Margaret Aldeen Foundation For Rockford 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, Norris & Margaret Aldeen Foundation For Rockford generated $164.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $20.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.5%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PART XV - LINE 3A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William N Aldeen President | 4 | $0 | |
Leslie Frankfort Trustee/exdi | 2 | $0 | |
Timothy Gaffney Trustee | 2 | $0 | |
Phil Frankfort Trustee | 2 | $0 | |
James Thiede Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $17,955 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,626 |
| Capital Gain Net Income | $146,626 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $164,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $790 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $933 |
| Total operating and administrative expenses | $20,012 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $20,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835 |
| Savings and temporary cash investments | $31,676 |
| 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 | $1,018,818 |
| 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, Norris & Margaret Aldeen Foundation For Rockford has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IWGA PURPOSE: GENERAL | $25,000 |
UNITED WAY OF ROCKFORD VALLEY PURPOSE: GENERAL | $5,000 |
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