Soderstrom Family Charitable Tr
- Assets
- $60.3k
- Revenue
- $296.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Morton, IL
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 36-7187407
Organization Overview
Soderstrom Family Charitable Tr is located in Morton, IL. The organization was established in 1997. 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. Soderstrom Family Charitable Tr 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, Soderstrom Family Charitable Tr generated $296.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $239.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Soderstrom Family Charitable Tr has awarded 89 individual grants totaling $2,432,759. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXISTS TO EDUCATE THE PUBLIC ABOUT THE LABOR MOVEMENT FROM 1930-1970, THE LIFE AND WORK OF THE LABOR LEADER REUBEN G. SODERSTROM, THE BEGINNINGS AND MERGER OF THE AFL-CIO, AND THE BUILDING AND MAINTENANCE OF A HISTORICAL MEMORIAL PARK PLAZA IN STREATOR, ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl W Soderstrom Jr Trustee | 0.25 | $0 | |
Carl D Soderstrom Trustee | 0.25 | $0 | |
Robert W Soderstrom Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Psd | 12/30/15 | $75,000 |
Piana Productions Inc | 12/30/15 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $296,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $296,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76 |
| Total operating and administrative expenses | $4,063 |
| Contributions, gifts, grants paid | $235,100 |
| Total expenses and disbursements | $239,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,338 |
| 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 | $60,338 |
| 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, Soderstrom Family Charitable Tr has awarded $235,100 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSON HOLE LAND TRUST PURPOSE: CHARITABLE | $1,000 |
PEORIA SYMPHONY ORCHESTRA PURPOSE: CHARITABLE | $15,100 |
RILEY CHILDREN'S FOUNDATION PURPOSE: CHARITABLE | $500 |
SICF PURPOSE: CHARITABLE | $10,000 |
UNITED WAY PILLAR SOCIETY PURPOSE: CHARITABLE | $2,000 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: CHARITABLE | $50,000 |