Adreani Foundation
- Assets
- $5.7m
- Revenue
- $406.1k
- Investments
- $5.5m
- Employees
- 0
- Location
- Park Ridge, IL
- Founding
- 03/1981
- Data as of
- 11/2023
- EIN
- 36-3059439
Organization Overview
Adreani Foundation is located in Park Ridge, IL. The organization was established in 1981. 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 the central organization for a national or regional group of organizations. Adreani 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 11/2023, Adreani Foundation generated $406.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $480.6k during the year ending 11/2023. While expenses have increased by 2.1% 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.
Since 2015, Adreani Foundation has awarded 698 individual grants totaling $3,859,100. 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 |
|---|---|---|---|
Bruce J Adreani President | 3 | $0 | |
Susan J Smith Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $97 |
| Dividends & Interest | $267,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $138,381 |
| Capital Gain Net Income | $63,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $406,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Total operating and administrative expenses | $19,809 |
| Contributions, gifts, grants paid | $460,800 |
| Total expenses and disbursements | $480,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,349 |
| 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 | $5,654,589 |
| 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, Adreani Foundation has awarded $460,800 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE ASSOC PURPOSE: GENERAL USE | $10,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL USE | $10,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL USE | $10,000 |
AMERICAN HEART ASS OF METRO CHICAGO PURPOSE: GENERAL USE | $10,000 |
AMERICAN LUNG ASSN PURPOSE: GENERAL USE | $10,000 |
ANTI-CRUELTY SOCIETY PURPOSE: GENERAL USE | $1,000 |