Julius W Hegeler Ii Foundation
- Assets
- $55.9m
- Revenue
- $3.8m
- Investments
- $53.0m
- Employees
- 0
- Location
- Danville, IL
- Founding
- 01/1993
- Data as of
- 06/2024
- EIN
- 37-1302455
Organization Overview
Julius W Hegeler Ii Foundation is located in Danville, IL. The organization was established in 1993. 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. Julius W Hegeler Ii 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 06/2024, Julius W Hegeler Ii Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $3.2m during the year ending 06/2024. While expenses have increased by 17.6% 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.
Since 2015, Julius W Hegeler Ii Foundation has awarded 165 individual grants totaling $12,946,107. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Muehl President/director | 5 | $9,000 | |
Mary Norenberg Secretary | 2 | $9,000 | |
Lois Wise Executive Director | 30 | $94,000 | |
Gilbert Saikley Director | 2 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tony Rice | 6/29/20 | $64,793 |
Everett Rice | 6/29/20 | $59,065 |
Phyllis Rice | 6/29/20 | $58,176 |
Schomberg & Schomberg | 6/29/20 | $58,001 |
Carl Hill | 6/29/20 | $50,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,834,221 |
| Net Rental Income | $2,257 |
| Net Gain on Sale of Assets | $1,918,252 |
| Capital Gain Net Income | $1,918,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,076 |
| Total Revenue | $3,760,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $121,000 |
| Other employee salaries and wages | $142,495 |
| Pension plans, employee benefits | $12,543 |
| Interest | $0 |
| Taxes | $21,547 |
| Depreciation | $79,151 |
| Occupancy | $21,127 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116,364 |
| Total operating and administrative expenses | $717,987 |
| Contributions, gifts, grants paid | $2,448,543 |
| Total expenses and disbursements | $3,166,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,379 |
| Savings and temporary cash investments | $1,724,271 |
| 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 | $3,600,000 |
| Net Land, buildings, and equipment | $1,111,489 |
| Other assets | $0 |
| Total assets | $55,930,349 |
| Accounts payable and accrued expenses | $179 |
| 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 | $179 |
Grants Awarded
Over the last fiscal year, Julius W Hegeler Ii Foundation has awarded $2,448,543 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DANVILLE AREA COMMUNITY COLLEGE FOUNDATION PURPOSE: SUPPORT EDUCATIONAL PROGRAMS | $1,000,000 |
DANVILLE PUBLIC LIBRARY PURPOSE: SUPPORT FOR LOCAL COMMUNITY DEVELOPMENT | $152,500 |
DANVILLE PUBLIC SCHOOL FOUNDATION PURPOSE: SUPPORT FOR 365 CLUB | $10,000 |
DAVID S PALMER ARENA PURPOSE: SUPPORT FOR LOCAL ARENA | $190,000 |
GREATER CHAMPAIGN COUNTY AMBUCS PURPOSE: SUPPORT FOR LOCAL COMMUNITY DEVELOPMENT | $60,000 |
MILLIKIN UNIVERSITY PURPOSE: LANDSCAPING PROJECT | $30,000 |