Pakula-Axelrad Foundation
- Assets
- $145.5k
- Revenue
- $6.8k
- Investments
- $136.0k
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- 07/1946
- Data as of
- 12/2022
- EIN
- 36-6018850
Organization Overview
Pakula-Axelrad Foundation is located in Highland Park, IL. The organization was established in 1946. 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. Pakula-Axelrad 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, Pakula-Axelrad Foundation generated $6.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $9.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Axelrad Director | 0 | $0 | |
Michael Axelrad Director | 0 | $0 | |
Brian Axelrad Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $2,738 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,022 |
| Capital Gain Net Income | $4,022 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,130 |
| Total operating and administrative expenses | $2,324 |
| Contributions, gifts, grants paid | $7,430 |
| Total expenses and disbursements | $9,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $9,566 |
| 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 | $12,848 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $145,549 |
| 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, Pakula-Axelrad Foundation has awarded $7,430 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AM SHALOM TEMPLE PURPOSE: FOR MEMBERSHIP DUES | $3,800 |
INVEST FOR KIDS PURPOSE: ANNUAL CONFERENCE TO BENEFIT YOUTH | $1,030 |
AMERICAN CANCER SOCIETY - HOPE LODG PURPOSE: PROVIDE LODGING TO CANCER PATIENTS | $500 |
HIGHLAND PARK COMMUNITY FOUNDATION PURPOSE: FOR VICTIMS OF THE HL PARK SHOOTING | $500 |
JFCS OF THE SUNCOAST PURPOSE: PROVIDE CHILDERN WITH COUNSELLING | $1,500 |
NATIONAL KIDNEY FOUNDATION OF ILLIN PURPOSE: FOR RESEARCH OF KIDNEY DISEASE | $100 |