Illinois Agricultural Leadership Foundation
- Assets
- $3.5m
- Revenue
- $423.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Bloomington, IL
- Founding
- 09/1981
- Data as of
- 09/2021
- EIN
- 37-1098585
Organization Overview
Illinois Agricultural Leadership Foundation is located in Bloomington, IL. The organization was established in 1981. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2021, Illinois Agricultural Leadership Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Agricultural Leadership 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 09/2021, Illinois Agricultural Leadership Foundation generated $423.3k 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 (9.6%) each year. All expenses for the organization totaled $367.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMBINATION OF SEMINARS AND TRAVEL EXPERIENCES OFFERED TO OUTSTANDING PRODUCTION AGRICULTURE AND AGRIBUSINESS WOMEN AND MEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - COMBINATION OF SEMINARS AND TRAVEL EXPERIENCES OFFERED TO OUTSTANDING PRODUCTION AGRICULTURE AND AGRIBUSINESS WOMEN AND MEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Strom President & CEO | Officer | 40 | $132,000 |
Mak Mirhakimi Vice Chairman | OfficerTrustee | 1 | $0 |
Kim Morton Secretary | OfficerTrustee | 1 | $0 |
Dan Kelley Chairman | OfficerTrustee | 1 | $0 |
Enid Schlipf Treasurer | OfficerTrustee | 1 | $0 |
Robert Easter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,850 |
| Total Program Service Revenue | $10,062 |
| Investment income | $109,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,270 |
| Net Income from Fundraising Events | $48,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $423,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,000 |
| Compensation of current officers, directors, key employees. | $25,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,750 |
| Payroll taxes | $21,083 |
| Fees for services: Management | $976 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,324 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $1,799 |
| Office expenses | $4,471 |
| Information technology | $6,436 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79 |
| Insurance | $4,413 |
| All other expenses | $247 |
| Total functional expenses | $367,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,234,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,455,764 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,549 |
| Total liabilities | $4,549 |
| Net assets without donor restrictions | $1,971,601 |
| Net assets with donor restrictions | $1,479,614 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,455,764 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Agricultural Leadership Foundation has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Illinois Corn Marketing Board Bloomington, IL PURPOSE: ANNUAL CONTRIBUTION | $12,500 |
Endowment Analysis
| Beg. Balance | $1,842,538 |
| Earnings | $433,576 |
| Admin Expense | $10,397 |
| Ending Balance | $2,265,717 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brighton Center Inc Newport, KY | $9,970,830 | $13,102,096 |
Golden Apple Foundation For Excellence In Teaching Chicago, IL | $9,155,466 | $8,943,732 |
Center For Leadership Development Inc Indianapolis, IN | $25,737,944 | $9,330,361 |
Corporate Leadership Center Chicago, IL | $7,176,847 | $2,788,473 |
Kentucky Coalition Inc London, KY | $8,646,468 | $2,988,412 |
Leadership Louisville Foundation Incorporated Louisville, KY | $5,483,171 | $2,662,724 |
Leadership Greater Chicago Inc Chicago, IL | $2,863,395 | $2,316,739 |
Council Of State Governments Lexington, KY | $1,216,113 | $1,765,285 |
Leadershape Incorporated Champaign, IL | $1,727,764 | $837,365 |
Leadership Kentucky Foundation Inc Frankfort, KY | $2,285,909 | $1,078,544 |
Spiritual Leadership Inc Lexington, KY | $103,587 | $581,880 |
Shafer Leadership Academy Muncie, IN | $364,559 | $687,655 |