Salisbury Foundation
- Assets
- $472.0k
- Revenue
- $105.5k
- Investments
- $434.0k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1999
- Data as of
- 05/2024
- EIN
- 36-4233181
Organization Overview
Salisbury Foundation is located in Chicago, IL. The organization was established in 1999. 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. Salisbury 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 05/2024, Salisbury Foundation generated $105.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $41.1k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Salisbury Foundation has awarded 27 individual grants totaling $355,401. 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 |
|---|---|---|---|
Linda E Salisbury Dir/pres/treas | 4 | $0 | |
David Watrous Director/secy | 0.5 | $0 | |
Michael G Beemer Director | 1 | $0 | |
Barbara B Adams Director/vice Pres | 1 | $0 | |
Timothy M Bopp Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,244 |
| Interest on Savings | $1,603 |
| Dividends & Interest | $11,829 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,171 |
| Capital Gain Net Income | $104,647 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $603 |
| Total Revenue | $105,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $603 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,032 |
| Total operating and administrative expenses | $9,091 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $41,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,080 |
| Savings and temporary cash investments | $29,842 |
| 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 | $471,967 |
| 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, Salisbury Foundation has awarded $64,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS INC OF THE VALLEY PURPOSE: EUREKA! PROGRAM, PROJECT ACCELERATE | $20,000 |
HOLY TRINITY HIGH SCHOOL PURPOSE: SUMMER ENRICHMENT OPPORTUNITIES | $12,000 |
GIRLS INC OF THE VALLEY PURPOSE: EUREKA! AND THE PROJECT ACCEKERATE INITIATIVE PROGRAM | $10,000 |
HOLY TRINITY HIGH SCHOOL PURPOSE: SUMMER ENRICHMENT PROGRAM | $10,000 |
CULINARY HOSPITALITY OPPORTUNITIES PROGRAM CO LINDA SALISBURY PURPOSE: OPERATING SUPPORT | $2,500 |
SAUGATUCK CENTER FOR THE ARTS PURPOSE: VISITING ARTIST PROGRAM | $10,000 |