Prairie Lands Foundation
- Assets
- $5.8m
- Revenue
- $369.0k
- Investments
- $2.7m
- Employees
- 3
- Location
- Fairbury, IL
- Founding
- 12/1972
- Data as of
- 04/2024
- EIN
- 37-6018736
Organization Overview
Prairie Lands Foundation is located in Fairbury, IL. The organization was established in 1972. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 04/2024, Prairie Lands Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Lands 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 04/2024, Prairie Lands Foundation generated $369.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $163.3k during the year ending 04/2024. While expenses have increased by 1.9% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF RECREATIONAL ACTIVITY IN FAIRBURY AND AWARDING OF SCHOLARSHIPS TO STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS RELATED TO PROMOTION OF RECREATIONAL ACTIVITIES.
SCHOLARSHIPS ARE AWARDED TO SENIORS IN, OR POST-SECONDARY EDUCATION STUDENTS FROM, PRAIRIE CENTRAL COMMUNITY SCHOOL DISTRICT #8 WHO ARE PLANNING TO FURTHER HIS OR HER STUDIES IN A DEGREED PROGRAM OR A VOCATIONAL FIELD. 46 SCHOLARSHIPS AWARDED TO 42 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hammer President | OfficerTrustee | 1.3 | $0 |
Robert Duffy Vice President | OfficerTrustee | 0.3 | $0 |
Dannielle Jackson Secretary | OfficerTrustee | 1.3 | $0 |
Robert Walter Jr Director | Trustee | 0.3 | $0 |
Mark Trainor Director | Trustee | 0.3 | $0 |
Karen Harms Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,152 |
| Total Program Service Revenue | $0 |
| Investment income | $121,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,779 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,151 |
| Grants and other assistance to domestic individuals. | $37,320 |
| 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 | $21,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,665 |
| 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 | $3,841 |
| Information technology | $186 |
| Royalties | $0 |
| Occupancy | $10,655 |
| 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 | $15,925 |
| Insurance | $0 |
| All other expenses | $102 |
| Total functional expenses | $163,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $532,336 |
| 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 | $564,793 |
| Investments—publicly traded securities | $1,888,940 |
| Investments—other securities | $2,680,192 |
| Investments—program-related | $0 |
| Intangible assets | $96,673 |
| Other assets | $0 |
| Total assets | $5,762,934 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,583 |
| Total liabilities | $12,583 |
| Net assets without donor restrictions | $3,356,330 |
| Net assets with donor restrictions | $2,394,021 |
| 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 | $5,762,934 |
Grants Awarded
Over the last fiscal year, Prairie Lands Foundation has awarded $35,151 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRAIRIE CENTRAL CUSP PURPOSE: DONATION TOWARDS EDUCATIONAL MATERIALS AND PROGRAMS | $10,263 |
BOYS & GIRLS CLUB OF PRAIRIE CENTRAL PURPOSE: DONATION FOR OPERATION | $24,888 |