Cretors Family Foundation
- Assets
- $6.7m
- Revenue
- $148.6k
- Investments
- $6.1m
- Employees
- 0
- Location
- Lake Bluff, IL
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 47-4939829
Organization Overview
Cretors Family Foundation is located in Lake Bluff, IL. The organization was established in 2016. 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. Cretors 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, Cretors Family Foundation generated $148.6k 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 (35.6%) each year. All expenses for the organization totaled $377.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Cretors Family Foundation has awarded 133 individual grants totaling $1,716,000. 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 |
|---|---|---|---|
Phyllis R Cretors President/director | 1 | $0 | |
Laura E Jones Vice President | 1 | $0 | |
Anna Louise Bailey Vice President/secretary | 1 | $0 | |
Claire E Weiler Vice President/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $151,130 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,956 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$583 |
| Total Revenue | $148,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,105 |
| Total operating and administrative expenses | $68,961 |
| Contributions, gifts, grants paid | $308,000 |
| Total expenses and disbursements | $376,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $563,744 |
| 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 | $1,097,690 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,685,579 |
| 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, Cretors Family Foundation has awarded $308,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ALVIN AILEY DANCE FOUNDATION PURPOSE: FURTHERING ARTS THROUGH SOCIAL PROGRAMS | $7,000 |
AMERICAN RED CROSS PURPOSE: FOR ASSISSTING COMMUNITY NEEDS | $10,000 |
CAMFED USA FOUNDATION PURPOSE: SUPPORTING THE FIGHT AGAINST POVERTY AND HIV/AIDS IN AFRICA BY EDUCATING GIRLS AND EMPOWERING WOMEN TO BECOME LEADERS OF CHANGE, | $10,000 |
CHICAGO BOTANIC GARDEN PURPOSE: ENVIRONMENTAL AND GARDEN EDUCATION | $50,000 |
CHICAGO FOUNDATION FOR WOMEN PURPOSE: PROVIDING SOCIAL SUPPORT FOR WOMEN AND GIRLS. | $10,000 |
CHICAGO PUBLIC MEDIA PURPOSE: MEDIA CREATING FOR EDUCATION PURPOSES | $5,000 |