Vern & Bunny Thelen Family Foundation
- Assets
- $924.3k
- Revenue
- $27.5k
- Investments
- $919.0k
- Employees
- 0
- Location
- Antioch, IL
- Founding
- 02/2005
- Data as of
- 09/2023
- EIN
- 20-0260049
Organization Overview
Vern & Bunny Thelen Family Foundation is located in Antioch, IL. The organization was established in 2005. 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. Vern & Bunny Thelen Family 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 09/2023, Vern & Bunny Thelen Family Foundation generated $27.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $59.0k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vern & Bunny Thelen Family Foundation has awarded 128 individual grants totaling $501,195. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF CANDY TO RAISE MONEY FOR ALZHEIMERS RESEARCH, CANCER RESEARCH, LOCAL FOOD PANTRIES, AND SCHOLARSHIPS TO VARIOUS COLLEGES AND UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Miles Vice President | 4 | $0 | |
Matthew R Thelen President | 4 | $0 | |
Ann T Kroupa Secretary | 4 | $0 | |
Peggy Miles Treasurer | 4 | $0 | |
Peggy Volpe Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $620 |
| Interest on Savings | $1,180 |
| Dividends & Interest | $13,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,505 |
| Capital Gain Net Income | $12,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $117 |
| Total Revenue | $27,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $161 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $873 |
| Total operating and administrative expenses | $12,203 |
| Contributions, gifts, grants paid | $46,800 |
| Total expenses and disbursements | $59,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,273 |
| 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 | $924,301 |
| 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 | -$105 |
| Total liabilities | -$105 |
Grants Awarded
Over the last fiscal year, Vern & Bunny Thelen Family Foundation has awarded $46,800 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FISH OF MCHENRY PURPOSE: FOOD FOR POOR | $1,200 |
COMMUNITY FOOD PANTRY PURPOSE: FOOD FOR POOR | $1,200 |
ST FRANCIS DE SALES PURPOSE: FOOD FOR POOR | $1,200 |
TWIN LAKES AREA FOOD PANTRY PURPOSE: FOOD FOR POOR | $1,200 |
GRANT TOWNSHIP PURPOSE: FOOD FOR POOR | $1,200 |
LOAVES FISHES PURPOSE: FOOD FOR POOR | $1,200 |