Illinois Prairie Community Foundation Inc
- Assets
- $20.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Bloomington, IL
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 37-1377415
Organization Overview
Illinois Prairie Community Foundation Inc is located in Bloomington, IL. The organization was established in 1998. 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, Illinois Prairie Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Prairie 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, Illinois Prairie Community Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 4.0% 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, Illinois Prairie Community Foundation Inc has awarded 560 individual grants totaling $10,991,369. 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
FACILITATE CHARITABLE GIVING FOR INDIVIDUALS AND BUSINESSES, HELP ORGANIZATIONS WITH ENDOWMENT FUNDS, SERVE AS FISCAL AGENT FOR CHARITABLE COMMUNITY PROJECTS AND ACT AS A CATALYST FOR INNOVATIVE CHARITABLE SOLUTIONS TO MEET AREA NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES CONTRIBUTIONS AS A CONDUIT THROUGH WHICH DONORS BUILD AND STRENGTHEN THE COMMUNITY BY SUPPORTING LOCAL SOLUTIONS TO LOCAL PROBLEMS NOW AND IN PERPETUITY. ALL ASSETS AND EARNINGS OF THE FOUNDATION ARE UTILIZED EXCLUSIVELY FOR AND PURSUANT TO CHARITABLE AND EDUCATIONAL ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Meyer Executive Dir. | Officer | 40 | $93,083 |
Laura Kowalczyk Vice President | OfficerTrustee | 2 | $0 |
Mary Ann Schierman Secretary | OfficerTrustee | 2 | $0 |
Josh Barnett Treasurer | OfficerTrustee | 2 | $0 |
Erin Rogers President | OfficerTrustee | 2 | $0 |
Brian Garwood 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 | $2,270,957 |
| Noncash contributions included in lines 1a–1f | $32,796 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,270,957 |
| Total Program Service Revenue | $0 |
| Investment income | $438,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,942,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,723,439 |
| 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. | $93,083 |
| Compensation of current officers, directors, key employees. | $93,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,047 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,050 |
| Payroll taxes | $14,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,132 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,452 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,251 |
| Travel | $672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,270 |
| Insurance | $3,973 |
| All other expenses | $6,512 |
| Total functional expenses | $2,150,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262,843 |
| 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 | $2,669 |
| Investments—publicly traded securities | $19,331,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,137 |
| Total assets | $20,628,180 |
| Accounts payable and accrued expenses | $5,561 |
| 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 | $5,561 |
| Net assets without donor restrictions | $20,622,619 |
| Net assets with donor restrictions | $0 |
| 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 | $20,628,180 |
Grants Awarded
Over the last fiscal year, Illinois Prairie Community Foundation Inc has awarded $973,220 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
Normal, IL PURPOSE: CHARITABLE PURPOSES | $72,925 |
Gridley, IL PURPOSE: CHARITABLE PURPOSES | $60,000 |
Seattle, WA PURPOSE: CHARITABLE PURPOSES | $56,000 |
Bloomington, IL PURPOSE: CHARITABLE PURPOSES | $52,775 |
Urbana, IL PURPOSE: CHARITABLE PURPOSES | $49,972 |
Bloomington, IL PURPOSE: CHARITABLE PURPOSES | $37,122 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Illinois Prairie Community Foundation Inc has recieved totaling $277,697.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $128,004 |
Jerome Mirza Foundation Bloomington, IL PURPOSE: SUPPORT OF OPERATIONS | $50,000 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $28,445 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $24,098 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $17,500 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $14,000 |
Endowment Analysis
| Beg. Balance | $14,087,501 |
| Earnings | -$1,906,142 |
| Admin Expense | $172,762 |
| Net Contributions | $536,263 |
| Other Expense | $7,000 |
| Grants | $265,025 |
| Ending Balance | $12,272,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |