Illinois No 3 Foundation
- Assets
- $13.8m
- Revenue
- $662.0k
- Investments
- $13.3m
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 81-4700522
Organization Overview
Illinois No 3 Foundation is located in Artesia, NM. The organization was established in 2019. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois No 3 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, Illinois No 3 Foundation generated $662.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $897.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Illinois No 3 Foundation has awarded 100 individual grants totaling $3,848,150. 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 |
|---|---|---|---|
John A Yates Jr Director | 1 | $0 | |
Nancy E Yates Director | 1 | $0 | |
John A Yates III Director | 1 | $0 | |
Lester J Price Secretary / Treasurer / Di | 1 | $0 | |
Cynthia A Price Vice President/ Director | 1 | $0 | |
Ryan A Price President / Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $1,992 |
| Dividends & Interest | $494,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $115,070 |
| Capital Gain Net Income | $115,070 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $661,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,444 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $33,219 |
| Printing and publications | $0 |
| Other expenses | $96,529 |
| Total operating and administrative expenses | $200,410 |
| Contributions, gifts, grants paid | $697,350 |
| Total expenses and disbursements | $897,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,403 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $275,863 |
| 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 | $10,637,378 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,825,846 |
| 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, Illinois No 3 Foundation has awarded $697,350 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
HIDDEN GENIUS PROJECT PURPOSE: TO HELP PROVIDE YOUTH SUPPORT | $100,000 |
SANTA FE COMMUNITY FOUNDATION PURPOSE: TO HELP PROVIDE A CULTURE OF COMMUNITY IN PHILANTHROPY | $80,000 |
TEAM RUBICON PURPOSE: TO HELP WITH TORNADO RELIEF | $10,000 |
SEED2NEED PURPOSE: TO HELP BATTLE HUNGER IN NEW MEXICO | $12,000 |
MOVING ARTS ESPANOLA PURPOSE: TO HELP PROVIDE EDUCATIONAL SCHOLARSHIPS | $40,000 |
THE NM LITERACY INSTITUTE PURPOSE: TO HELP PROVIDE YOUTH SUPPORT | $95,350 |