John C Proctor Endowment
- Assets
- $3.5m
- Revenue
- $8.0m
- Investments
- $415.8k
- Employees
- 0
- Location
- Peoria, IL
- Founding
- 10/1942
- Data as of
- 03/2023
- EIN
- 37-0662595
Organization Overview
John C Proctor Endowment is located in Peoria, IL. The organization was established in 1942. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. John C Proctor Endowment 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 03/2023, John C Proctor Endowment generated $8.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $8.8m during the year ending 03/2023. While expenses have increased by 1.2% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE COURSE OF THE YEAR, THE FOUNDATION PROVIDED A HOME FOR THE AGED. THE AVERAGE NUMBER OF RESIDENTS DURING THE YEAR WAS 147.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry C Stone MD Trustee | 1 | $0 | |
John B Wahlfeld Trustee | 1 | $0 | |
Andrew P Stone Chairman | 1 | $0 | |
Donna Malone Pres/sec/asst. Treasurer | 40 | $247,954 | |
Margaret A Stone Trustee | 1 | $0 | |
Margaret Hanley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,680 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $1,018,896 |
| 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 | $7,001,664 |
| Total Revenue | $8,034,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $336,266 |
| Other employee salaries and wages | $4,944,876 |
| Pension plans, employee benefits | $786,277 |
| Interest | $0 |
| Taxes | $117,317 |
| Depreciation | $92,003 |
| Occupancy | $469,144 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,985,229 |
| Total operating and administrative expenses | $8,842,974 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $8,842,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,736,352 |
| Savings and temporary cash investments | $184,034 |
| Net Accounts receivable | $428,057 |
| 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 | $1,653 |
| Investments—mortgage loans | $0 |
| Investments—other | $415,772 |
| Net Land, buildings, and equipment | $672,975 |
| Other assets | $42,795 |
| Total assets | $3,481,638 |
| Accounts payable and accrued expenses | $567,253 |
| Grants payable | $0 |
| Deferred revenue | $11,254,694 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,583 |
| Total liabilities | $11,831,530 |