Corinne Jeannine Schillings Foundation
- Assets
- $2.7k
- Revenue
- $20.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, IL
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 20-0894400
Organization Overview
Corinne Jeannine Schillings Foundation is located in Frankfort, IL. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Corinne Jeannine Schillings 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, Corinne Jeannine Schillings Foundation generated $20.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $22.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEN 1,500 ACADEMIC SCHOLARSHIPS TO STUDY A FOREIGN LANGUAGE ABROAD WERE GIVEN OUT.
SEVEN TRAVEL SCHOLARSHIPS OF 1,000 EACH TO STUDY ABROAD WERE GIVEN OUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denny L Schillings President | 0 | $0 | |
Karen M Schillings Secretary | 0 | $0 | |
Denise M Schillings Roche Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,585 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $20,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49 |
| Total operating and administrative expenses | $418 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $22,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,662 |
| 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 | $2,662 |
| 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, Corinne Jeannine Schillings Foundation has awarded $22,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
JASMINE LERNER PURPOSE: ACADEMIC SCHOLARSHIP | $1,500 |
KAREENA GOR PURPOSE: ACADEMIC SCHOLARSHIP | $1,500 |
VIVIEN BLACK PURPOSE: ACADEMIC SCHOLARSHIP | $1,500 |
VIVIEN BLACK PURPOSE: TRAVEL SCHOLARSHIP | $1,000 |
GRETA ENGELSTAD PURPOSE: ACADEMIC SCHOLARSHIP | $1,500 |
JESSICA KENDELL PURPOSE: ACADEMIC SCHOLARSHIP | $1,500 |