Academy On Capitalism And Limited Government Foundation is located in Champaign, IL. The organization was established in 2010. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy On Capitalism And Limited Government 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, Academy On Capitalism And Limited Government Foundation generated $183.1k 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 (4.4%) each year. All expenses for the organization totaled $104.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 4 years. 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
PROVIDING PHILANTHROPIC INVESTMENT IN PROGRAMS WHICH COMPORT WITH THE ACADEMY MISSION AND EXPRESSED DONOR INTENT AND THE TEACHING, RESEARCH AND SERVICE MISSIONS OF THE UNIVERSITY.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Albin Chair | 1 | $0 | |
Don Altorfer Director | 1 | $0 | |
Lou Friedrich Director | 1 | $0 | |
Jeffrey R Hartman Director | 1 | $0 | |
John Hecker Treasurer | 1 | $0 | |
Alexander Mccobin Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,070 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,070 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,157 |
| Professional fees and other payments to independent contractors | $82,566 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $982 |
| Other expenses | $20,148 |
| Total expenses | $104,853 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,426 |
| Other assets | $0 |
| Total assets | $93,426 |
| Total liabilities | $16,966 |
| Net assets or fund balances | $76,460 |