Neal Foundation
- Assets
- $3.7m
- Revenue
- $533.1k
- Investments
- $3.5m
- Employees
- 0
- Location
- Toledo, IL
- Founding
- 12/1983
- Data as of
- 12/2023
- EIN
- 37-1020959
Organization Overview
Neal Foundation is located in Toledo, IL. The organization was established in 1983. 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. Neal 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, Neal Foundation generated $533.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $440.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Neal Foundation has awarded 106 individual grants totaling $1,567,022. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
REFER TO SCHEDULE OF GRANTS/CONTRIBUTIONS
ADMINISTRATIVE EXPENSES RELATED TO GRANTS PAID: ACCOUNTING FEES - 1,755 FILING FEES - 15 OTHER COMPENSATION - 1,300 OFFICE SUPPLIES - 68 INSURANCE - 2,961
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Barger Trustee | 0 | $0 | |
Robert Donsbach Vice Pres. | 0 | $0 | |
Steven Wente Treasurer | 0 | $0 | |
Jill Mathenia Secretary | 0 | $0 | |
Gene Nichols Trustee | 0 | $0 | |
Ben Bland Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $301,689 |
| Interest on Savings | $4,102 |
| Dividends & Interest | $107,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,132 |
| Capital Gain Net Income | $120,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $533,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,300 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,241 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,044 |
| Total operating and administrative expenses | $26,005 |
| Contributions, gifts, grants paid | $414,755 |
| Total expenses and disbursements | $440,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,524 |
| Savings and temporary cash investments | $147,131 |
| Net Accounts receivable | $4,294 |
| 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 | $2,972 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,192,081 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,691,020 |
| 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 | $173 |
| Total liabilities | $173 |
Grants Awarded
Over the last fiscal year, Neal Foundation has awarded $414,755 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
COLBY RYAN PURPOSE: SCHOLARSHIP | $500 |
ANITA HAYDEN PURPOSE: SCHOLARSHIP | $1,000 |
CUMBERLAND CO EXT BUILDING ASSOC PURPOSE: BUILDING CONSTRUCTION | $20,000 |
CUMBERLAND COUNTY PURPOSE: SHERIFF'S DEPARTMENT | $5,754 |
CUMBERLAND SCHOOLS PURPOSE: TEACHER OF YEAR AWARD | $500 |
CUMBERLAND SCHOOLS PURPOSE: FAMILY ENGLISH NIGHT | $2,000 |