Highland Area Community Foundation Inc
- Assets
- $6.1m
- Revenue
- $790.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Highland, IL
- Founding
- 10/1995
- Data as of
- 06/2023
- EIN
- 37-1343968
Organization Overview
Highland Area Community Foundation Inc is located in Highland, IL. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Highland Area Community Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highland Area Community Foundation Inc 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, Highland Area Community Foundation Inc generated $790.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $787.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Highland Area Community Foundation Inc has awarded 55 individual grants totaling $1,324,066. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND PROMOTE HIGHLAND COMMUNITY PROJECTS AND ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LEADERSHIP, DIRECTION AND SOLICITATION OF FUNDS FOR THE CHARITABLE NEEDS OF THE HIGHLAND, ILLINOIS AREA COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Manley Director | Trustee | 1 | $0 |
Rick Ringwald Director | Trustee | 1 | $0 |
Todd Imming Director | Trustee | 1 | $0 |
Gail Holthaus Director | Trustee | 1 | $0 |
Julie Korte Director | Trustee | 1 | $0 |
Lisa Michael 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 | $650,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,938 |
| Total Program Service Revenue | $10,819 |
| Investment income | $146,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $790,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $662,071 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,380 |
| Information technology | $266 |
| Royalties | $0 |
| Occupancy | $5,892 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,433 |
| All other expenses | $342 |
| Total functional expenses | $787,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,833 |
| Savings and temporary cash investments | $192,773 |
| 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 | $5,953,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,149,089 |
| Accounts payable and accrued expenses | $1,328 |
| 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 | $0 |
| Total liabilities | $1,328 |
| Net assets without donor restrictions | $177,513 |
| Net assets with donor restrictions | $5,970,248 |
| 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 | $6,149,089 |
Grants Awarded
Over the last fiscal year, Highland Area Community Foundation Inc has awarded $292,696 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HIGHLAND AREA CHRISTIAN SERVICE MIN | | | $8,000 |
CDH INTERNATIONAL | | | $30,000 |
OPERATION FINALLY HOME | | | $14,000 |
HIGHLAND PIERRON FIRE DEPT | | | $10,000 |
HIGHLAND MASONIC LODGE 583 | | | $10,000 |
CITY OF HIGHLAND PURPOSE: COMMUNITY SUPPORT - VARIOUS PROJECTS | $114,566 |