Danish American Language Foundation
- Assets
- $199.0k
- Revenue
- $22.5k
- Investments
- $172.6k
- Employees
- 0
- Location
- Libertyville, IL
- Founding
- 04/1976
- Data as of
- 12/2022
- EIN
- 36-2845671
Organization Overview
Danish American Language Foundation is located in Libertyville, IL. The organization was established in 1976. 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. Danish American Language 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, Danish American Language Foundation generated $22.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $19.1k during the year ending 12/2022. While expenses have increased by 18.9% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Pedersen President | 2 | $0 | |
Janek Pedersen Treasurer | 1 | $0 | |
Lea Olesen Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,187 |
| Interest on Savings | $4,837 |
| Dividends & Interest | $6,473 |
| 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 | $22,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $291 |
| Taxes | $725 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,306 |
| Total operating and administrative expenses | $12,322 |
| Contributions, gifts, grants paid | $6,750 |
| Total expenses and disbursements | $19,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,389 |
| Savings and temporary cash investments | $22,052 |
| 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 | $172,585 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $199,026 |
| 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, Danish American Language Foundation has awarded $6,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DANIKA STEWART PURPOSE: SCHOLARSHIP | $1,000 |
LYDIA ORUM-KELLER PURPOSE: SCHOLARSHIP | $1,000 |
SEBASTIAN OLESEN PURPOSE: SCHOLARSHIP | $1,000 |
GABRIELE JEPPESEN-BELLECI PURPOSE: SCHOLARSHIP | $1,000 |
DANIEL OLSEN PURPOSE: SCHOLARSHIP | $1,000 |
NATIONAL FNDN FOR DANISH AMERICA PURPOSE: DONATION | $750 |