R J Samulski Innovation Foundation Inc
- Assets
- $67.2m
- Revenue
- $14.1m
- Investments
- $66.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 85-4391880
Organization Overview
R J Samulski Innovation Foundation Inc 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. R J Samulski Innovation 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 12/2023, R J Samulski Innovation Foundation Inc generated $14.1m 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 (27.1%) each year.
Since 2021, R J Samulski Innovation Foundation Inc has awarded 11 individual grants totaling $130,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Jude Samulski President/director | 1 | $0 | |
Joseph Samulski Treasurer/director | 1 | $0 | |
Danielle Samulski Secretary/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,036,611 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,340,476 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$256,380 |
| Capital Gain Net Income | $2,972,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,120,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $662 |
| Total operating and administrative expenses | $138,970 |
| Contributions, gifts, grants paid | $2,300,000 |
| Total expenses and disbursements | $2,438,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,050,255 |
| 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 | $5,330 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $67,199,532 |
| 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, R J Samulski Innovation Foundation Inc has awarded $130,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL CAROLINA UNIVERSITY PURPOSE: FRIENDS OF MUSIC | $5,000 |
COLUMBUS CHILDREN'S FOUNDATION PURPOSE: GENERAL SUPPORT | $80,000 |
COLUMBIA MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $5,000 |
HILTON HEAD SYMPHONY ORCHESTRA INC PURPOSE: INTERNATIONAL PIANO COMPETITION | $5,000 |
SOUTH CAROLINA PHILHARMONIC INC PURPOSE: GENERAL SUPPORT | $5,000 |
FRANCISCAN MONASTERY OF SAINT CLARE PURPOSE: GENERAL SUPPORT | $5,000 |