Community Foundation Of East Central Illinois
- Assets
- $33.3m
- Revenue
- $3.4m
- Investments
- $1.6m
- Employees
- 4
- Location
- Champaign, IL
- Founding
- 10/1972
- Data as of
- 12/2021
- EIN
- 23-7176723
Organization Overview
Community Foundation Of East Central Illinois is located in Champaign, IL. The organization was established in 1972. 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, Community Foundation Of East Central Illinois employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of East Central Illinois 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, Community Foundation Of East Central Illinois generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of East Central Illinois has awarded 317 individual grants totaling $7,438,092. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVE GIFTS FROM DONORS AND MAKE CHARITABLE GRANTS TO BENEFIT INDIVIDUALS OF EAST CENTRAL IL.
Describe the Organization's Program Activity:
THE COMMUNITY FOUNDATION RECEIVES GIFTS, BEQUESTS AND DONATIONS ADMINISTERED BY AND FOR THE BENEFIT OF THE RESIDENTS OF EAST CENTRAL ILLINOIS. DURING 2021, GRANTS AND DESIGNATED DISTRIBUTIONS WERE PROVIDED TO OVER 130 DIFFERENT CHARITABLE ORGANIZATIONS. THE FOUNDATION CONTINUES TO OFFER LEARNING OPPORTUNITIES FOR THE STAFF AND BOARDS OF LOCAL CHARITABLE AND CIVIC ORGANIZATIONS.THE FOUNDATION SERVES AS A CONVENER OF GROUPS AND INITIATIVES AIMED AT ENHANCING THE LIVES OF THE RESIDENTS OF EAST CENTRAL ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Dixon President/ceo ( Thru 6.30.21) | Officer | 50 | $76,095 |
Angela Hatfield President/ceo (start 7.1.21) | Officer | 40 | $70,038 |
Austin Hill Chair | OfficerTrustee | 1 | $0 |
Kandace Turner Vice Chair | OfficerTrustee | 1 | $0 |
Jon Coffman Treasurer | OfficerTrustee | 1 | $0 |
Debra Hirschi Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,908,814 |
| Noncash contributions included in lines 1a–1f | $927,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,908,814 |
| Total Program Service Revenue | $0 |
| Investment income | $676,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,657 |
| Net Gain/Loss on Asset Sales | $244,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,355,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,543,520 |
| 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. | $156,744 |
| Compensation of current officers, directors, key employees. | $22,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145,232 |
| Fees for services: Other | $11,800 |
| Advertising and promotion | $0 |
| Office expenses | $3,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,794 |
| Travel | $185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,262 |
| Insurance | $4,572 |
| All other expenses | $26,355 |
| Total functional expenses | $2,358,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,234 |
| Savings and temporary cash investments | $799,597 |
| Pledges and grants receivable | $15,000 |
| 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 | $278,360 |
| Investments—publicly traded securities | $28,557,874 |
| Investments—other securities | $1,628,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,443,622 |
| Total assets | $33,340,687 |
| Accounts payable and accrued expenses | $10,063 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $10,063 |
| Net assets without donor restrictions | $6,866,436 |
| Net assets with donor restrictions | $26,464,188 |
| 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 | $33,340,687 |
Grants Awarded
Over the last fiscal year, Community Foundation Of East Central Illinois has awarded $1,543,520 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS GRANTS 5000 AND UNDER PURPOSE: GENERAL SUPPORT | $208,340 |
CITY OF URBANA PURPOSE: GENERAL SUPPORT | $98,650 |
Urbana, IL PURPOSE: GENERAL SUPPORT | $92,615 |
FIRST PRESYTERIAN CHURCH OF CHAMPAIGN PURPOSE: GENERAL SUPPORT | $59,356 |
Thorndale, PA PURPOSE: GENERAL SUPPORT | $59,356 |
Pekin, IL PURPOSE: GENERAL SUPPORT | $55,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Community Foundation Of East Central Illinois has recieved totaling $211,247.
| Awarding Organization | Amount |
|---|---|
Donnini-Rudolph Family Foundation Champaign, IL PURPOSE: BEST USE | $150,000 |
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: FOR ILLINOIS RESIDENTS AND DISTRIBUTED THROUGH THE COMMUNITY FOUNDATION OF EAST CENTRAL ILLINOIS | $36,605 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $11,742 |
United Way Of Champaign County Illinois Inc Savoy, IL PURPOSE: UNDESIGNATED AND PROGRAM RESTRICTED FUNDS TO FURTHER ORGANIZATION'S EXEMPT PURPOSE | $6,908 |
Community Foundation Of East Central Illinois Champaign, IL PURPOSE: GENERAL SUPPORT | $5,992 |
Endowment Analysis
| Beg. Balance | $23,118,884 |
| Earnings | $3,394,676 |
| Admin Expense | $461,302 |
| Net Contributions | $997,819 |
| Grants | $398,907 |
| Ending Balance | $26,651,170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |