Alfred H Shoemake Community Foundation
- Assets
- $743.8k
- Revenue
- $13.2k
- Investments
- $697.2k
- Employees
- 0
- Location
- Dixon, IL
- Founding
- 06/1980
- Data as of
- 12/2023
- EIN
- 36-3075395
Organization Overview
Alfred H Shoemake Community Foundation is located in Dixon, IL. The organization was established in 1980. According to its NTEE Classification (T31) the organization is classified as: Community 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. Alfred H Shoemake Community 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, Alfred H Shoemake Community Foundation generated $13.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $42.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. 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 |
|---|---|---|---|
Robert Russell Chairman | 1 | $2,250 | |
Linda Mccabe Director | 1 | $750 | |
Sarah Holt Director | 1 | $750 | |
Jenica Cole Director | 1 | $750 | |
Brandon Nyman Director | 1 | $750 | |
Midland States Bank Trustee | 2 | $8,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,611 |
| Dividends & Interest | $22,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,701 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,783 |
| Other employee salaries and wages | $600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $546 |
| Depreciation | $96 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $18,132 |
| Contributions, gifts, grants paid | $23,905 |
| Total expenses and disbursements | $42,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,808 |
| 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 | $844 |
| Other assets | $0 |
| Total assets | $743,825 |
| 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 | $23 |
| Total liabilities | $23 |
Grants Awarded
Over the last fiscal year, Alfred H Shoemake Community Foundation has awarded $58,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PERRY MEMORIAL HOSPITAL FOUNDATION PURPOSE: DONATION FOR FAMILY HEALTH CLINIC | $8,500 |
PRINCETON PARK DISTRICT PURPOSE: GRANT FOR REPLACEMENT OF EQUIPMENT | $50,000 |