Theodore Eckert Foundation
- Assets
- $1.5m
- Revenue
- $402.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Skokie, IL
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 36-4333970
Organization Overview
Theodore Eckert Foundation is located in Skokie, IL. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Theodore Eckert 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, Theodore Eckert Foundation generated $402.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $451.2k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3)OF THE INTERNAL REVENUE CODE.
CONTRIBUTIONS TO A STATE,FEDERAL,GOVERNMENTAL, OR ANY POLITICAL SUBDIVISION THEREOF UNDER 170(C)(1) OF THE INTERNAL CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore H Eckert President | 0 | $0 | |
Elizabeth A Eckert Secretary | 0 | $0 | |
Theodore M Eckert Director | 1 | $50,000 | |
Katherine E Grunder Director | 1 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $308,993 |
| Capital Gain Net Income | $313,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,223 |
| Total Revenue | $402,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,970 |
| Total operating and administrative expenses | $177,274 |
| Contributions, gifts, grants paid | $273,890 |
| Total expenses and disbursements | $451,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,387 |
| Net Accounts receivable | $15,000 |
| 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 | $9,525 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $629,957 |
| Net Land, buildings, and equipment | $379,374 |
| Other assets | $0 |
| Total assets | $1,494,416 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $75,750 |
| 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 | $75,750 |