Niagara Foundation
- Assets
- $12.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Mount Prospect, IL
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 26-4443012
Organization Overview
Niagara Foundation is located in Mount Prospect, IL. The organization was established in 2010. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Niagara Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niagara 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 12/2022, Niagara Foundation generated $85.0k 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 (21.3%) each year. All expenses for the organization totaled $107.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NIAGARA FOUNDATION CONNECTED DIVERSE CULTURES, FAITS AND COMMUNITIES THRU INTERFAITH GATHERINGS, EDUCATIONAL FORUMS AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mevlut H Cinar President | 2 | $0 | |
Scott Alexsander Director | 2 | $0 | |
Vahap Uysal Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,954 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,954 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $80,753 |
| Professional fees and other payments to independent contractors | $1,937 |
| Occupancy, rent, utilities, and maintenance | $2,810 |
| Printing, publications, postage, and shipping | $7 |
| Other expenses | $21,729 |
| Total expenses | $107,236 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $514 |
| Other assets | $0 |
| Total assets | $12,150 |
| Total liabilities | $64,322 |
| Net assets or fund balances | -$52,172 |