Illinois Casualty Company Education Foundation
- Assets
- $594.0
- Revenue
- $18.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Rock Island, IL
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-0564998
Organization Overview
Illinois Casualty Company Education Foundation is located in Rock Island, IL. The organization was established in 2010. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Illinois Casualty Company Education 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, Illinois Casualty Company Education Foundation generated $18.5k 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 (6.3%) each year. All expenses for the organization totaled $18.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEN ACADEMIC SCHOLARSHIP GRANTS WERE AWARDED IN 2022 RANGING BETWEEN 1500 AND 2000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arron K Sutherland President | 0.3 | $0 | |
Dennis Sekharan Vice President | 0.3 | $0 | |
Kathleen Springer Secretary | 0.1 | $0 | |
Aimee Oetzel Treasurer | 0.3 | $0 | |
Michael R Smith Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $76 |
| Contributions, gifts, grants paid | $18,500 |
| Total expenses and disbursements | $18,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $594 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Illinois Casualty Company Education Foundation has awarded $18,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NATALIE DAVIS PURPOSE: PAYMENT FOR SCHOLARSHIP | $2,000 |
KYLE EDMUNDS PURPOSE: PAYMENT FOR SCHOLARSHIP | $1,500 |
ASHLEY JOHNSON PURPOSE: PAYMENT FOR SCHOLARSHIP | $2,000 |
OLIVIA JOHNSON PURPOSE: PAYMENT FOR SCHOLARSHIP | $2,000 |
OLIVIA JACKSON PURPOSE: PAYMENT FOR SCHOLARSHIP | $2,000 |
JACOB SCHMEICHEL PURPOSE: PAYMENT FOR SCHOLARSHIP | $1,500 |