Harold F And Suzanne D Falk Foundation Inc
- Assets
- $468.4k
- Revenue
- $71.1k
- Investments
- $435.6k
- Employees
- 0
- Location
- Northfield, IL
- Founding
- 03/1954
- Data as of
- 12/2023
- EIN
- 39-0988971
Organization Overview
Harold F And Suzanne D Falk Foundation Inc is located in Northfield, IL. The organization was established in 1954. 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. Harold F And Suzanne D Falk 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 12/2023, Harold F And Suzanne D Falk Foundation Inc generated $71.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $73.4k during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 5 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 2020, Harold F And Suzanne D Falk Foundation Inc has awarded 77 individual grants totaling $220,422. 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 |
|---|---|---|---|
T Sands Thompson President/treas/director | 0 | $0 | |
Susan F Thompson Sec/manager/director | 2 | $7,500 | |
Douglas T Thompson Vice President/director | 0 | $0 | |
Julie C Campbell Vice President/director | 0 | $0 | |
Kelly H Fehr Vice President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,656 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,439 |
| Capital Gain Net Income | $39,439 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,095 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,414 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,347 |
| Contributions, gifts, grants paid | $62,022 |
| Total expenses and disbursements | $73,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,784 |
| 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 | $468,376 |
| 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, Harold F And Suzanne D Falk Foundation Inc has awarded $62,022 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE TAHOE PURPOSE: GENERAL FUND | $2,500 |
AMERICA'S FUTURE PURPOSE: GENERAL FUND | $1,000 |
BERNIE'S BOOK BANK PURPOSE: GENERAL FUND | $7,500 |
CHICAGO BOTANIC GARDEN PURPOSE: GENERAL FUND | $1,000 |
CHRISTIAN ANTI-COMMUNISM CRUADE PURPOSE: GENERAL FUND | $250 |
FOUNDATION FOR ECONOMIC EDUCATION PURPOSE: GENERAL FUND | $3,500 |