Lkq Community Foundation
- Assets
- $13.6m
- Revenue
- $8.4m
- Investments
- $13.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 84-4058990
Organization Overview
Lkq Community Foundation is located in Chicago, IL. 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. Lkq Community 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, Lkq Community Foundation generated $8.4m in total revenue.
Since 2020, Lkq Community Foundation has awarded 101 individual grants totaling $7,729,717. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Jude President | 1.5 | $0 | |
Matthew Mccay Secretary | 1.5 | $0 | |
Walter Hanley Vice President | 1.5 | $0 | |
Michael Clark Vice President | 1.5 | $0 | |
David Mccrary Treasurer | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $335,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,534 |
| Capital Gain Net Income | $77,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $317 |
| Total Revenue | $8,413,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $24,257 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,555 |
| Total operating and administrative expenses | $33,987 |
| Contributions, gifts, grants paid | $3,957,960 |
| Total expenses and disbursements | $3,991,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $120,232 |
| 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 | $1,805 |
| Total assets | $13,625,977 |
| 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, Lkq Community Foundation has awarded $3,957,960 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR SCHOLARSHIP ADMINISTRATION INC PURPOSE: 2023 JOSEPH HOLSTEN SCHOLARSHIPS | $526,216 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: GENERAL CHARITABLE PURPOSE | $503,445 |
SCHOLARSHIP AMERICA INC PURPOSE: 2023 JOSEPH M. HOLSTEN SCHOLARSHIP AWARDS | $378,000 |
SKILLS USA PURPOSE: GENERAL CHARITABLE PURPOSE | $297,592 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL CHARITABLE PURPOSE | $250,000 |
UNITED SERVICE ORGANIZATIONS INC PURPOSE: GENERAL CHARITABLE PURPOSE | $175,000 |