Philip M Friedmann Fam Char Tr 110998
- Assets
- $25.1m
- Revenue
- $3.6m
- Investments
- $25.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 36-7252117
Organization Overview
Philip M Friedmann Fam Char Tr 110998 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. Philip M Friedmann Fam Char Tr 110998 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 12/2021, Philip M Friedmann Fam Char Tr 110998 generated $3.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,768 |
| Dividends & Interest | $583,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,707,139 |
| Capital Gain Net Income | $2,707,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $303,798 |
| Total Revenue | $3,598,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4 |
| Taxes | $60,868 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $240,301 |
| Total operating and administrative expenses | $317,793 |
| Contributions, gifts, grants paid | $1,455,893 |
| Total expenses and disbursements | $1,773,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,272 |
| 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 | $24,997,891 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,052,163 |
| 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 | $824 |
| Total liabilities | $824 |
Grants Awarded
Over the last fiscal year, Philip M Friedmann Fam Char Tr 110998 has awarded $1,663,752 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: GENERAL/UNRESTRICTEDGENERAL/UNRESTRICTED | $1,663,748 |
DONATION VIA COMMONFUND CAPITAL PRIVATE EQUITY PARTNERS VII LP PURPOSE: GENERAL/UNRESTRICTED | $4 |