George J London Memorial Foundation
- Assets
- $289.5k
- Revenue
- $52.5k
- Investments
- $281.1k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1942
- Data as of
- 12/2022
- EIN
- 36-0898290
Organization Overview
George J London Memorial Foundation is located in Chicago, IL. The organization was established in 1942. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. George J London Memorial 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, George J London Memorial Foundation generated $52.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $63.0k during the year ending 12/2022. While expenses have increased by 13.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, George J London Memorial Foundation has awarded 37 individual grants totaling $140,897. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Richard M London President | 8 | $30,000 | |
Laura A London Vice-President | 3 | $12,000 | |
Maxwell G London Secretary And Treasurer | 1 | $0 | |
Samuel K London Director | 1 | $0 | |
Marla S London Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $557 |
| Dividends & Interest | $11,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,936 |
| Capital Gain Net Income | $40,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $666 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $893 |
| Total operating and administrative expenses | $52,847 |
| Contributions, gifts, grants paid | $10,147 |
| Total expenses and disbursements | $62,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,520 |
| 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 | $278 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,616 |
| Total assets | $289,473 |
| Accounts payable and accrued expenses | $5,429 |
| Grants payable | $2,500 |
| 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 | $7,929 |
Grants Awarded
Over the last fiscal year, George J London Memorial Foundation has awarded $10,147 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ART CENTER SABAT GALLERY FUND PURPOSE: VISUAL ARTS EDUCATION | $2,500 |
CALIFORNIA INSTITUTE OF THE ARTS PURPOSE: ARTISTIC EDUCATION | $250 |
NATIONAL AUDOBON SOCIETY PURPOSE: BIRD ADVISORY | $250 |
PITTSBURG ZOO AND AQUARIUM PURPOSE: SUPPORT CONSERVATION | $250 |
RYAN LICHT BIPOLAR FOUNDATION PURPOSE: BIPOLAR RESEARCH | $6,147 |
SCHOOL OF AMERICAN BALLET PURPOSE: SUPPORT CHILDREN DANCE | $250 |