Fadem Family Foundation Inc
- Assets
- $615.3k
- Revenue
- $112.8k
- Investments
- $569.8k
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 13-3907052
Organization Overview
Fadem Family Foundation Inc is located in Evanston, IL. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Fadem 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, Fadem Family Foundation Inc generated $112.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $182.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fadem Family Foundation Inc has awarded 153 individual grants totaling $476,540. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Fadem President/director | 0 | $0 | |
Barbara Hayden Asst. Secretary | 0 | $0 | |
Diane Kennedy Vice Pres. | 0 | $0 | |
Laurie Baskin Treasurer | 0 | $0 | |
Rachel Fadem Asst. Treasurer/director | 0 | $0 | |
Kathryn Ivrey Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,374 |
| Dividends & Interest | $79,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,870 |
| Capital Gain Net Income | $31,870 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,454 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,592 |
| Total operating and administrative expenses | $14,647 |
| Contributions, gifts, grants paid | $168,200 |
| Total expenses and disbursements | $182,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,793 |
| Savings and temporary cash investments | $22,666 |
| 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 | $615,304 |
| 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, Fadem Family Foundation Inc has awarded $168,200 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE RESEARCH PURPOSE: MEDICAL RESEARCH | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: MEDICAL RESEARCH | $1,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: FIGHTING HATRED | $15,000 |
AMERICAN RED CROSS PURPOSE: HUMANITARIAN NEEDS AND SUPPORTING BLOOD DONATIONS | $1,500 |
BEACON ACADEMY PURPOSE: EDUCATION | $1,000 |
CARNEGIE HALL SOCIETY PURPOSE: SUPPORT FOR THE ARTS | $5,000 |