Paraszczak Family Foundation Inc is located in Libertyville, 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. Paraszczak Family 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 12/2022, Paraszczak Family Foundation Inc generated $52.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (30.5%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WHITE FAMILY FOUNDATION, INC, IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING COMMUNITY CAUSES AND ORGANIZATIONS THAT ARE IMPORTANT TO THE WHITE FAMILY AND TO THE EMPLOYEES OF THE VARIOUS WHITE FAMILY BUSINESS ENTERPRISES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Paraszczak Director | 5 | $0 | |
Janice Paraszczak Director | 5 | $0 | |
John P Paraszczak Director | 5 | $0 | |
Amanda Walker Director | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $13 |
| Dividends & Interest | $2,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,606 |
| Total operating and administrative expenses | $2,606 |
| Contributions, gifts, grants paid | $5,529 |
| Total expenses and disbursements | $8,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,465 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $153,465 |
| 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 |
Over the last fiscal year, Paraszczak Family Foundation Inc has awarded $5,529 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BELLS CROSSING SCHOOL PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE MISSION | $504 |
CHICAGO WHITE SOX CHARITIES PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE MISSION | $100 |
DEPAUL UNIVERSITY PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE MISSION | $3,500 |
MAINSTREET LIBERTVILLE PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE MISSION | $125 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE MISSION | $300 |
ST JOSPEHS PURPOSE: SUPPORT ORGANIZATION'S CHARITABLE MISSION | $500 |