Charleston Area Charitable Foundation
- Assets
- $8.5m
- Revenue
- $802.5k
- Investments
- $8.0m
- Employees
- 0
- Location
- Charleston, IL
- Founding
- 06/1986
- Data as of
- 06/2023
- EIN
- 37-1172293
Organization Overview
Charleston Area Charitable Foundation is located in Charleston, IL. The organization was established in 1986. 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. Charleston Area Charitable 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 06/2023, Charleston Area Charitable Foundation generated $802.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Charleston Area Charitable Foundation has awarded 146 individual grants totaling $7,994,231. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bluhm Director | 0.5 | $0 | |
Jennifer L Sipes Secretary | 0.5 | $0 | |
Kelly P Miller Treasurer | 0.5 | $0 | |
Michael J Metzger President | 2 | $0 | |
Derek Hennig Director | 0.25 | $0 | |
Richard J Williams Asst Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $1,892 |
| Dividends & Interest | $420,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $305,139 |
| Capital Gain Net Income | $305,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $802,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,870 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,207 |
| Total operating and administrative expenses | $8,116 |
| Contributions, gifts, grants paid | $1,969,697 |
| Total expenses and disbursements | $1,977,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,760 |
| 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 | $3,860,809 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,481,513 |
| 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, Charleston Area Charitable Foundation has awarded $1,969,697 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
EIU SYMPHONY ORCHESTRA PURPOSE: COMMUNITY ENTERTAINMENT - EIU ORCHESTRAS | $10,000 |
CITY OF CHARLESTON PURPOSE: SISTER CITY II PARK DEVELOPMENT | $500,000 |
COLES COUNTY EXTENSION FOUNDATION PURPOSE: BUTTERFLY PROGRAM | $500 |
COLES COUNTY BARBERSHOPPERS PURPOSE: YOUNG MEN/ WOMEN IN HARMONY FESTIVAL | $1,000 |
CITY OF CHARLESTON PURPOSE: RED WHITE & BLUE DAYS COMMUNITY CELEBRATION | $25,000 |
CITY OF CHARLESTON PURPOSE: LINDER SPORTS COMPLEX DEVELOPMENT | $500,000 |