Rochelle Area Community Foundation
- Assets
- $4.4m
- Revenue
- $540.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Rochelle, IL
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-3879466
Organization Overview
Rochelle Area Community Foundation is located in Rochelle, IL. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Rochelle Area Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochelle Area Community 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 12/2021, Rochelle Area Community Foundation generated $540.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $246.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rochelle Area Community Foundation has awarded 33 individual grants totaling $505,864. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS TO VARIOUS ORGANIZATIONS SUPPORTING THE ARTS, EDUCATION, HEALTH AND COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SERVICES TO DONORS INTERESTED IN PROVIDING CHARITABLE FUNDING, FINANCIAL SUPPORT FOR QUALIFIED NONPROFIT ORGANIZATIONS, AND OTHER CHARITABLE PURPOSES IN THE REGIONAL AREA AND HELPING BUILD VITAL CARING COMMUNITIES THROUGH PHILANTHROPY THAT IS VISIONARY, FLEXIBLE AND INCLUSIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Anaya Executive Di | Officer | 40 | $45,500 |
Kim Montgomery Executive Di | Officer | 20 | $7,750 |
Trisha Vaughn President | OfficerTrustee | 0.5 | $0 |
Dennis Berg Vice Preside | OfficerTrustee | 0.5 | $0 |
Greg Folmar Secretary | OfficerTrustee | 0.5 | $0 |
Carol Hayenga Treasurer | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,308 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,781 |
| Total Program Service Revenue | $0 |
| Investment income | $45,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $211,042 |
| Net Income from Fundraising Events | $4,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,322 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,271 |
| Fees for services: Other | $7,120 |
| Advertising and promotion | $14,866 |
| Office expenses | $1,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $876 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,886 |
| All other expenses | $10 |
| Total functional expenses | $246,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,216,430 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,350,927 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $141,886 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $141,886 |
| Net assets without donor restrictions | $4,209,041 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,350,927 |
Grants Awarded
Over the last fiscal year, Rochelle Area Community Foundation has awarded $104,322 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OTHER VARIOUS GRANTS PURPOSE: GENERAL FUNDS | $69,722 |
Rochelle, IL PURPOSE: GENERAL FUND | $17,100 |
CITY OF ROCHELLE PURPOSE: GENERAL FUND | $10,000 |
Rochelle, IL PURPOSE: GENERAL FUND | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rochelle Area Community Foundation has recieved totaling $137,124.
| Awarding Organization | Amount |
|---|---|
Dekalb County Community Foundation Sycamore, IL PURPOSE: GENERAL SUPPORT | $82,089 |
Community Foundation Of Northern Illinois Rockford, IL PURPOSE: FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT | $54,968 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Endowment Analysis
| Beg. Balance | $3,773,791 |
| Earnings | $380,304 |
| Admin Expense | $39,633 |
| Net Contributions | $168,757 |
| Grants | $66,789 |
| Ending Balance | $4,216,430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |