Paul A Funk Foundation
- Assets
- $8.6m
- Revenue
- $1.0m
- Investments
- $6.7m
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 08/1968
- Data as of
- 06/2024
- EIN
- 37-6075515
Organization Overview
Paul A Funk Foundation is located in Bloomington, IL. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Paul A Funk 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 06/2024, Paul A Funk Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $634.7k during the year ending 06/2024. While expenses have increased by 4.3% per year over the past 4 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 2021, Paul A Funk Foundation has awarded 181 individual grants totaling $924,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A HISTORICAL HOME SITE AND GEM AND MINERAL MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duncan Funk Trustee | 2 | $0 | |
Clint Rehtmeyer Trustee | 1 | $0 | |
Rey Jannusch Trustee | 10 | $25,000 | |
Justin Mclaughlin Trustee | 1 | $0 | |
Leigh Ann Sharp Trustee | 1 | $0 | |
William B Case Curator | 40 | $81,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $107 |
| Dividends & Interest | $291,438 |
| Net Rental Income | $10,896 |
| Net Gain on Sale of Assets | $735,397 |
| Capital Gain Net Income | $735,397 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,043,942 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,500 |
| Other employee salaries and wages | $192,196 |
| Pension plans, employee benefits | $21,000 |
| Interest | $0 |
| Taxes | $24,537 |
| Depreciation | $3,263 |
| Occupancy | $113,270 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,786 |
| Total operating and administrative expenses | $406,174 |
| Contributions, gifts, grants paid | $228,500 |
| Total expenses and disbursements | $634,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,307 |
| Savings and temporary cash investments | $233,090 |
| 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 | $567,456 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,637,375 |
| Net Land, buildings, and equipment | $1,165,299 |
| Other assets | $0 |
| Total assets | $8,633,853 |
| Accounts payable and accrued expenses | $5,954 |
| 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 | $5,954 |
Grants Awarded
Over the last fiscal year, Paul A Funk Foundation has awarded $228,500 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION PURPOSE: GENERAL | $1,000 |
APOSTOLIC PENTECOSTAL CHURCH PURPOSE: FOOD PANTRY | $1,000 |
BABY FOLD PURPOSE: ADOPTION SERVICES | $10,000 |
BOY SCOUTS OF AMERICA WD BOUCE COUNCIL PURPOSE: GENERAL | $5,000 |
CENTER FOR HOPE OUTREACH PROGRAMS PURPOSE: FOOD PANTRY | $2,000 |
CITY OF REFUGE FOOD PANTRY PURPOSE: FOOD PANTRY | $1,000 |