The Kjellstrom Family Foundation

Organization Overview

The Kjellstrom Family Foundation is located in Rockford, 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. Kjellstrom 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 12/2021, Kjellstrom Family Foundation generated $523.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $728.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Kjellstrom Family Foundation has awarded 36 individual grants totaling $1,634,746. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE PART XV - LINE 3A


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Board, Officers & Key Employees

Name (title)Compensation
Pam Clark Reidenbach
Trustee
$27,000
Dan Ross
Trustee
$2,000
Paul Logli
Trustee
$1,500
Julie Bosma
Trustee
$500

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $50,005
Interest on Savings $0
Dividends & Interest $217,834
Net Rental Income$0
Net Gain on Sale of Assets $213,169
Capital Gain Net Income $213,169
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $42,858
Total Revenue $523,866

Grants Awarded

Over the last fiscal year, The Kjellstrom Family Foundation has awarded $617,014 in support to 30 organizations.

Grant RecipientAmount

ROCKFORD AREA ARTS COUNCIL

PURPOSE: EDUCATION

$87,700

NORTHERN IL CENTER FOR NONPROFIT EXCELLENCE

Org PageRecipient Profile

Rockford, IL

PURPOSE: EDUCATION

$73,250

FRIENDS OF THE CORONADO

Org PageRecipient Profile

Rockford, IL

PURPOSE: EDUCATION

$50,000

YMCA

PURPOSE: SOCIAL WELFARE

$50,000

BOYS & GIRLS CLUB OF ROCKFORD

PURPOSE: SOCIAL WELFARE

$40,000

MIDWAY VILLAGE MUSEUM

PURPOSE: EDUCATION

$29,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Kjellstrom Family Foundation has recieved totaling $193,688.

Awarding OrganizationAmount
Community Foundation Of Northern Illinois

Rockford, IL

PURPOSE: FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT

$193,688
View Grant Recipient Profile

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