Drugas Family Legacy Foundation
- Assets
- $425.0k
- Revenue
- $16.3k
- Investments
- $417.6k
- Employees
- 0
- Location
- Orland Park, IL
- Founding
- 12/2010
- Data as of
- 12/2023
- EIN
- 27-3954565
Organization Overview
Drugas Family Legacy Foundation is located in Orland Park, IL. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Drugas Family Legacy 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 12/2023, Drugas Family Legacy Foundation generated $16.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $35.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Drugas Keen Director | 0 | $0 | |
George Drugas Director | 0 | $0 | |
Peter T Druags Director | 3 | $16,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100 |
| Dividends & Interest | $13,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,995 |
| Capital Gain Net Income | $2,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13 |
| Total Revenue | $16,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $96 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $20,946 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $35,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,389 |
| 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 | $5,046 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $133,172 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $424,995 |
| 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, Drugas Family Legacy Foundation has awarded $65,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: CHARITABLE | $50,000 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: CHARITABLE | $15,000 |