Iroquois Federal Foundation Inc
- Assets
- $3.9m
- Revenue
- $82.2k
- Investments
- $3.8m
- Employees
- 0
- Location
- Watseka, IL
- Founding
- 01/2013
- Data as of
- 12/2022
- EIN
- 45-2255196
Organization Overview
Iroquois Federal Foundation Inc is located in Watseka, IL. The organization was established in 2013. 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. Iroquois Federal 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 12/2022, Iroquois Federal Foundation Inc generated $82.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Iroquois Federal Foundation Inc has awarded 273 individual grants totaling $1,008,463. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO CHARITABLE AND COMMUNITY SERVICE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Martin Director | 0 | $0 | |
Pamela Verkler Vp/treasurer | 0 | $0 | |
Beth Warren Secretary | 0 | $0 | |
Gary Martin Director | 0 | $0 | |
Frank Simutis Director Eme | 0 | $0 | |
Thomas Chamberlain Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $207 |
| Dividends & Interest | $82,033 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $82,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,097 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $91 |
| Other expenses | $1,911,969 |
| Total operating and administrative expenses | $1,916,173 |
| Contributions, gifts, grants paid | $251,150 |
| Total expenses and disbursements | $2,167,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,674 |
| 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 | $2,300 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,860,498 |
| 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, Iroquois Federal Foundation Inc has awarded $256,150 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
BALLOONS OVER VERMILION PURPOSE: FESTIVAL OF TREES | $15,000 |
BOYS AND GIRLS CLUB OF DANVILLE PURPOSE: EDUCATION PROGRAMS FOR YOUTH | $2,500 |
CHAMPAIGN CO CASA PURPOSE: CHILD ABUSE PREVENTION | $600 |
CHAMPAIGN URBANA BALLET PURPOSE: TICKETS FOR FAMILIES PROGRAM | $1,000 |
CHM BIBLE THEATRE PRODUCTIONS PURPOSE: YOUTH ART PROGRAM | $500 |
CISSNA PARK AREA FOOD PANTRY PURPOSE: PURCHASE FOOD | $1,000 |