Liam Foundation is located in Rockford, IL. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liam 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, Liam Foundation generated $93.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $117.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OUR MISSION IS TO ENCOURAGE, HEAL, AND EMPOWER THE LGBTQIA+ COMMUNITY IN NORTHERN IL THROUGH LOVE, INTEGRITY, ADVOCACY, AND MENTORSHIP.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Phyllis Gallisath Executive Director | 0 | $0 | |
Lien Vu President | 0 | $0 | |
Patrick Murphy III Treasurer | 0 | $0 | |
Kristin Ravel Vice President | 0 | $0 | |
James Sabanthe Secretary | 0 | $0 | |
David Black Board Member | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $30,500 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $63,129 |
Total Revenue | $93,629 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $46,825 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $11,800 |
Printing, publications, postage, and shipping | $295 |
Other expenses | $58,449 |
Total expenses | $117,369 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $0 |
Other assets | $0 |
Total assets | $0 |
Total liabilities | $7,731 |
Net assets or fund balances | -$7,731 |