Highland Area Community Foundation Inc
- Assets
- $5.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Highland, IL
- Founding
- 10/1995
- Data as of
- 06/2022
- 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 06/2022, Highland Area Community Foundation Inc employed 4 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 06/2022, Highland Area Community Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $739.6k during the year ending 06/2022. While expenses have increased by 18.9% per year over the past 7 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, Highland Area Community Foundation Inc has awarded 50 individual grants totaling $1,241,492. 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
2022
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 |
|---|---|---|---|
Terry Riffel Exec Director | OfficerTrustee | 20 | $27,396 |
Mark Korte Treasurer | OfficerTrustee | 2 | $0 |
Bonnie Gelly 2nd Vice-President | OfficerTrustee | 1 | $0 |
Shari Ammann Secretary | OfficerTrustee | 1 | $0 |
Ryan Goodwin 1st Vice-President | OfficerTrustee | 1 | $0 |
Jeff Hebrank President | OfficerTrustee | 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 | $1,384,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,384,584 |
| Total Program Service Revenue | $12,350 |
| Investment income | $102,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,542 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,573,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $619,809 |
| 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 | $57,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| 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 | $6,178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,466 |
| 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 | $3,391 |
| All other expenses | $566 |
| Total functional expenses | $739,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,419 |
| Savings and temporary cash investments | $346,524 |
| 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 | $5,493,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,844,148 |
| Accounts payable and accrued expenses | $1,253 |
| 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 | $1,253 |
| Net assets without donor restrictions | $152,176 |
| Net assets with donor restrictions | $5,690,719 |
| 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 | $5,844,148 |
Grants Awarded
Over the last fiscal year, Highland Area Community Foundation Inc has awarded $273,350 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Highland, IL | | $158,199 |
Highland, IL PURPOSE: COMMUNITY SUPPORT - VARIOUS PROJECTS | $26,486 |
ST PAUL CATHOLIC SCHOOL PURPOSE: COMMUNITY SUPPORT - VARIOUS PROJECTS | $16,325 |
CITY OF HIGHLAND PURPOSE: COMMUNITY SUPPORT - VARIOUS PROJECTS | $15,800 |
Highland, IL | | $15,698 |
Wake Forest, NC | | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Highland Area Community Foundation Inc has recieved totaling $34,135.
| Awarding Organization | Amount |
|---|---|
Knights Of Columbus Highland, IL | | $20,957 |
The Ralph & Donna Korte Family Charitable Foundation St Louis, MO PURPOSE: ANNUAL GRANTS | $8,000 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $178 |
Endowment Analysis
| Beg. Balance | $3,044,973 |
| Earnings | $124,539 |
| Admin Expense | $71,175 |
| Net Contributions | $241,933 |
| Grants | $80,604 |
| Ending Balance | $3,259,666 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |