Willow Springs Charitable Tr
- Assets
- $110.2m
- Revenue
- $14.3m
- Investments
- $101.1m
- Employees
- 0
- Location
- Mt Carroll, IL
- Founding
- 07/2006
- Data as of
- 12/2023
- EIN
- 20-4383299
Organization Overview
Willow Springs Charitable Tr is located in Mt Carroll, IL. The organization was established in 2006. 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. Willow Springs Charitable Tr 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, Willow Springs Charitable Tr generated $14.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $12.7m during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 5 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 2019, Willow Springs Charitable Tr has awarded 491 individual grants totaling $48,934,796. 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 |
|---|---|---|---|
Kent Brodie Trustee | 5 | $0 | |
Jenny B Stoddard Trustee | 5 | $0 | |
Sara Smock Foszcz Trustee | 5 | $0 | |
Suzy Brodie Vogler Trustee | 5 | $0 | |
Emily Nicolin Trustee | 1 | $0 | |
Dr Elizabeth Stocks Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs | 12/30/23 | $132,456 |
Hartline Investments | 12/30/23 | $240,816 |
Plante Moran | 12/30/23 | $53,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $906,699 |
| Dividends & Interest | $501,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $360,211 |
| Capital Gain Net Income | $360,211 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,518,488 |
| Total Revenue | $14,287,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,450 |
| Taxes | $1,949,326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,486 |
| Printing and publications | $0 |
| Other expenses | $8,280 |
| Total operating and administrative expenses | $2,469,282 |
| Contributions, gifts, grants paid | $10,214,091 |
| Total expenses and disbursements | $12,683,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,060,950 |
| 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 | $57,506,405 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,243 |
| Total assets | $110,193,002 |
| Accounts payable and accrued expenses | $1,216 |
| 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 | $1,216 |
Grants Awarded
Over the last fiscal year, Willow Springs Charitable Tr has awarded $10,214,091 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
ALGEBRA PROJECT PURPOSE: GENERAL PURPOSE | $20,000 |
ALLENDALE ASSOCIATION PURPOSE: GENERAL PURPOSE | $35,000 |
ALS THERAPY DEVELOPMENT INSTITUTE PURPOSE: GENERAL PURPOSE | $25,000 |
AMERICAN RED CROSS PURPOSE: GENERAL PURPOSE | $150,000 |
BALLENISLES CHARITIES FOUNDATION PURPOSE: GENERAL PURPOSE | $50,000 |
ASIAN STUDENT ACHIEVEMENT PURPOSE: GENERAL PURPOSE | $150,000 |