Walter And Phyllis Ann Borten Foundation
- Assets
- $2.5m
- Revenue
- $205.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-2269154
Organization Overview
Walter And Phyllis Ann Borten Foundation is located in Chicago, IL. The organization was established in 2010. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Walter And Phyllis Ann Borten 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, Walter And Phyllis Ann Borten Foundation generated $205.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $191.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Walter And Phyllis Ann Borten Foundation has awarded 54 individual grants totaling $348,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $47,439 | |
Kathleen D Fuhr Co-Trustee | 1 | $13,549 | |
Jennifer Fuhr Co-Trustee | 1 | $8,835 | |
Barbara D Jonas Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,355 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,637 |
| Capital Gain Net Income | $107,637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,823 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,810 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $73,633 |
| Contributions, gifts, grants paid | $118,000 |
| Total expenses and disbursements | $191,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,812 |
| Savings and temporary cash investments | $60,311 |
| 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 | $157,667 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,521,137 |
| 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, Walter And Phyllis Ann Borten Foundation has awarded $118,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SHARON FIRE DEPT PURPOSE: GENERAL | $29,000 |
Sharon, CT PURPOSE: GENERAL | $15,000 |
Falls Village, CT PURPOSE: GENERAL | $15,000 |
Sharon, CT PURPOSE: GENERAL | $10,000 |
AUDUBON SHARON PURPOSE: GENERAL | $10,000 |
EQUUS EFFECT PURPOSE: GENERAL | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Give Back Foundation Madison, WI | $36,333,568 | $83,771,815 |
Searle Freedom Trust Madison, WI | $105,094,955 | $12,616,372 |
Bradley Impact Fund Inc Milwaukee, WI | $79,584,497 | $81,442,514 |
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |