Clingen Foundation Ltd
- Assets
- $7.1m
- Revenue
- $395.5k
- Investments
- $4.2m
- Employees
- 0
- Location
- Downers Grove, IL
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 36-4200766
Organization Overview
Clingen Foundation Ltd is located in Downers Grove, IL. The organization was established in 1998. 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. Clingen Foundation Ltd 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 12/2022, Clingen Foundation Ltd generated $395.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $776.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Clingen Foundation Ltd has awarded 46 individual grants totaling $1,765,951. 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 |
|---|---|---|---|
Brian T Clingen Dir./pres./treas. | 1 | $0 | |
Deidre M Clingen Director | 1 | $0 | |
Kenneth W Clingen Dir./sec. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,439 |
| Dividends & Interest | $127,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $261,902 |
| Capital Gain Net Income | $261,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,382 |
| Total Revenue | $395,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,143 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,623 |
| Total operating and administrative expenses | $11,017 |
| Contributions, gifts, grants paid | $765,000 |
| Total expenses and disbursements | $776,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,912,060 |
| 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 | $7,130,943 |
| 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, Clingen Foundation Ltd has awarded $765,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES PURPOSE: GENERAL FUND | $75,000 |
HILLSDALE COLLEGE PURPOSE: GENERAL FUND | $10,000 |
HUMAN COALITION PURPOSE: GENERAL FUND | $50,000 |
PMC-JIMMY FUND PURPOSE: GENERAL FUND | $10,000 |
WOMENS CARE CENTER PURPOSE: GENERAL FUND | $500,000 |
NOTRE DAME CATHOLIC CHURCH PURPOSE: GENERAL FUND | $10,000 |