Addleman Family Foundation
- Assets
- $346.2k
- Revenue
- $22.5k
- Investments
- $346.2k
- Employees
- 0
- Location
- Monmouth, IL
- Founding
- 02/1965
- Data as of
- 12/2023
- EIN
- 37-6051459
Organization Overview
Addleman Family Foundation is located in Monmouth, IL. The organization was established in 1965. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Addleman Family 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 12/2023, Addleman Family Foundation generated $22.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $28.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Addleman Family Foundation has awarded 138 individual grants totaling $124,150. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Midwest Bank Trustee | 1 | $1,525 | |
Hank Shimmin Director | 0.19 | $0 | |
Donna Spears Director | 0.19 | $0 | |
Tim Haley Director | 0.19 | $0 | |
Stan Jenks Director | 0.19 | $0 | |
Carol Shaw Chairperson | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,559 |
| Dividends & Interest | $18,550 |
| Net Rental Income | -$201 |
| Net Gain on Sale of Assets | -$1,406 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,835 |
| Total Revenue | $22,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,525 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,391 |
| Total operating and administrative expenses | $16,058 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $28,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $346,161 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Addleman Family Foundation has awarded $12,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BI-COUNTY YOUTH COALITION PURPOSE: GRANT FOR TEEN LEADERSHIP CONFERENCE | $500 |
BUCHANAN CENTER FOR THE ARTS PURPOSE: GRANT FOR FINE ARTS PROGRAM | $1,000 |
CARL SANDBURG COLLEGE PURPOSE: CHARITABLE | $1,000 |
HIGHPOINT CHURCH PURPOSE: GRANT FOR WEDNESDAY NIGHT LIVE PROGRAM | $500 |
KIWANIS CLUB OF MONMOUTH PURPOSE: GRANT FOR KIWANIS KICKS PROGRAM | $500 |
LITTLE CEDAR PRESBYTERIAN CHURCH PURPOSE: GRANT FOR SUPPORT OF CHURCH PROGRAMS AND VACATION BIBLE SCHOOL | $500 |