First Look For Charity Foundation
- Assets
- $21.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakbrook Terrace, IL
- Founding
- 02/2005
- Data as of
- 06/2022
- EIN
- 26-0092209
Organization Overview
First Look For Charity Foundation, operating under the name First Look for Charity, is located in Oakbrook Terrace, IL. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Look for Charity 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 06/2022, First Look for Charity generated $1.5m 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 (9.9%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Look for Charity has awarded 126 individual grants totaling $20,409,294. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION CONDUCTS THE FIRST LOOK FOR CHARITY EVENT HELD PRIOR TO THE ANNUAL CHICAGO AUTO SHOW. THE FUNDS RAISED AT THE EVENT ARE DISTRIBUTED TO VARIOUS 501(C)(3) ORGANIZATIONS IN THE CHICAGO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIRST LOOK FOR CHARITY IS A BLACK-TIE FUNDRAISING EVENT HELD THE EVENING BEFORE THE CHICAGO AUTO SHOW OPENS TO THE PUBLIC. THE EVENT RAISED OVER $1.9 MILLION DURING THE YEAR ENDED JUNE 30, 2022. AND THE PROCEEDS WERE DISTRIBUTED TO 18 CHARITIES IN THE CHICAGOLAND AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Haggerty Show Chairman | OfficerTrustee | 1 | $0 |
Jason Roberts Secretary | OfficerTrustee | 1 | $0 |
John C Phelan III Vice Chairman | OfficerTrustee | 1 | $0 |
Kevin Keefe Chairman | OfficerTrustee | 1 | $0 |
Christopher Koneci Executive VP | Officer | 1 | $0 |
David Sloan President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,720,980 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $337,368 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,720,980 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$215,101 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,505,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,505,886 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,505,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,984 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,984 |
| Accounts payable and accrued expenses | $20,984 |
| 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 | $20,984 |
| Net assets without donor restrictions | $0 |
| 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 | $20,984 |
Grants Awarded
Over the last fiscal year, First Look For Charity Foundation has awarded $1,504,637 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GENERAL SUPPORT | $265,617 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $145,660 |
Oakbrook Terrace, IL PURPOSE: GENERAL SUPPORT | $140,503 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $113,326 |
TURNING POINTE AUTISM FOUNDATION PURPOSE: GENERAL SUPPORT | $103,585 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $81,884 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Look For Charity Foundation has recieved totaling $140,503.
| Awarding Organization | Amount |
|---|---|
First Look For Charity Foundation Oakbrook Terrace, IL PURPOSE: GENERAL SUPPORT | $140,503 |
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 |