Irwin Family Foundation
- Assets
- $5.3m
- Revenue
- $367.7k
- Investments
- $3.9m
- Employees
- 0
- Location
- Westchester, IL
- Founding
- 08/1977
- Data as of
- 12/2022
- EIN
- 36-2913193
Organization Overview
Irwin Family Foundation is located in Westchester, IL. The organization was established in 1977. 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. Irwin Family 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, Irwin Family Foundation generated $367.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $707.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Irwin Family Foundation has awarded 25 individual grants totaling $4,818,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacques Murphy Trustee | 1 | $500 | |
Robert W Lynch Trustee | 4 | $20,000 | |
Robert E Hamilton Trustee | 1 | $500 | |
Jacqueline Pipher Trustee | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $169,953 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $197,758 |
| Capital Gain Net Income | $197,758 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $367,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,807 |
| Total operating and administrative expenses | $107,107 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $707,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,411,208 |
| 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 | $5,272,919 |
| 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, Irwin Family Foundation has awarded $600,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CORNERSTONE ACADEMY PURPOSE: OPERATING EXPENSES | $75,000 |
UNIVERSITY OF ILLINOIS PURPOSE: BUILDING RENOVATIONS | $500,000 |
GLENWOOD ACADEMY PURPOSE: OPERATING EXPENSES | $25,000 |