Ernsteen Family Foundation
- Assets
- $221.7k
- Revenue
- $12.8k
- Investments
- $137.1k
- Employees
- 0
- Location
- Buffalo Grove, IL
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 36-4202123
Organization Overview
Ernsteen Family Foundation is located in Buffalo 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. Ernsteen Family 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 12/2022, Ernsteen Family Foundation generated $12.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $49.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ernsteen Family Foundation has awarded 356 individual grants totaling $225,252. 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 |
|---|---|---|---|
Marilyn Ernsteen President/secretary | 10 | $0 | |
Scott Ernsteen Director | 1 | $0 | |
Gary Ernsteen Director | 1 | $0 | |
Stephen Ernsteen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $6,249 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,536 |
| Capital Gain Net Income | $6,536 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $8,032 |
| Contributions, gifts, grants paid | $41,625 |
| Total expenses and disbursements | $49,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,679 |
| Savings and temporary cash investments | $2,787 |
| 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 | $115,186 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $76,130 |
| Total assets | $221,674 |
| 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, Ernsteen Family Foundation has awarded $41,625 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: UNRESTRICTED | $1,750 |
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED | $750 |
AMERICAN DIABETES ASSOCIATION PURPOSE: UNRESTRICTED | $1,750 |
AMERICAN HEART ASSOCIATION INC PURPOSE: UNRESTRICTED | $750 |
AMERICAN NURSES FOUNDATION (ANA ENTERPRISE) PURPOSE: UNRESTRICTED | $250 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: UNRESTRICTED | $500 |