Crain-Maling Foundation
- Assets
- $33.2m
- Revenue
- -$3.6m
- Investments
- $32.9m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 05/2006
- Data as of
- 10/2023
- EIN
- 20-4310219
Organization Overview
Crain-Maling Foundation is located in Lake Forest, IL. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Crain-Maling 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 10/2023, Crain-Maling Foundation generated -$3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $2.8m during the year ending 10/2023. While expenses have increased by 1.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Crain-Maling Foundation has awarded 370 individual grants totaling $5,547,789. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Maling Chairperson, CEO & Director | 40 | $362,083 | |
Elise Williams Co-President, Treasurer & Director | 40 | $117,283 | |
Marissa Iancu Co-President, Secretary & Director | 40 | $117,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,148 |
| Dividends & Interest | $1,869,531 |
| Net Rental Income | $139,782 |
| Net Gain on Sale of Assets | -$5,639,744 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$3,628,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $948,380 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,009 |
| Depreciation | $0 |
| Occupancy | $45,538 |
| Travel, conferences, and meetings | $1,528 |
| Printing and publications | $0 |
| Other expenses | $31,548 |
| Total operating and administrative expenses | $1,304,588 |
| Contributions, gifts, grants paid | $1,497,900 |
| Total expenses and disbursements | $2,802,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,652 |
| 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 | $114,438 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,176,772 |
| 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 | $540,722 |
| Total liabilities | $540,722 |
Grants Awarded
Over the last fiscal year, Crain-Maling Foundation has awarded $1,497,900 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
ABS BEHAVIORAL SERVICES PURPOSE: EXEMPT PURPOSE OF THE ORGANIZATION | $17,500 |
ARF - ANIMAL RESCUE FOUNDATION PURPOSE: EXEMPT PURPOSE OF THE ORGANIZATION | $1,000 |
AMERICAN FRIENDS OF OPHEL BAS ZION INSTITUTIONS INC PURPOSE: EXEMPT PURPOSE OF THE ORGANIZATION | $6,000 |
ART INSTITUTE OF CHICAGO PURPOSE: EXEMPT PURPOSE OF THE ORGANIZATION | $3,000 |
ASPCA PURPOSE: EXEMPT PURPOSE OF THE ORGANIZATION | $1,000 |
ASSOCIATED TALMUD TORAHS PURPOSE: EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |