Community Foundation Of Kankakee River Valley
- Assets
- $10.3m
- Revenue
- $851.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Kankakee, IL
- Founding
- 10/1983
- Data as of
- 12/2023
- EIN
- 36-3235540
Organization Overview
Community Foundation Of Kankakee River Valley is located in Kankakee, IL. The organization was established in 1983. 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. As of 12/2023, Community Foundation Of Kankakee River Valley employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Kankakee River Valley 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, Community Foundation Of Kankakee River Valley generated $851.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Community Foundation Of Kankakee River Valley has awarded 108 individual grants totaling $2,712,306. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND RECEIVE GIFTS OF MONEY AND PROPERTY FROM DONORS AND TO APPLY SUCH GIFTS AND THE PROCEEDS THEREOF AS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS FOR THE PRIMARY BENEFIT OF THE INHABITANTS OF KANKAKEE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE IN MEETING THE PURPOSE OF THE COMMUNITY FOUNDATION FOR THE BENEFIR OF THE INHABITANTS OF KANKAKEE COUNTY.
DURING THE FOUNDATION RAISED SUPPORT ITS MISSION AND AWARDED GRANTS TO ORGANIZATIONS AND INDIVIDUALS FOR VARIOUS PURPOSES RELATED TO THE FOUNDATION'S PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Allen Trustee | Trustee | 1 | $0 |
Alice Argyelan Trustee | Trustee | 1 | $0 |
Arlene Bartolini Trustee | Trustee | 1 | $0 |
Nick Bufford Secretary | Trustee | 1 | $0 |
Nina Epstein Trustee | Trustee | 1 | $0 |
Walter Hasselbring Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,403 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $751,403 |
| Total Program Service Revenue | $0 |
| Investment income | $204,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$113,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $851,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $280,334 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,039 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,814 |
| Fees for services: Other | $51,389 |
| Advertising and promotion | $9,500 |
| Office expenses | $25,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,146 |
| Travel | $5,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,990 |
| Insurance | $12,211 |
| All other expenses | $2,821 |
| Total functional expenses | $1,005,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,048 |
| Savings and temporary cash investments | $100,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,538 |
| Investments—publicly traded securities | $9,652,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278,047 |
| Total assets | $10,302,701 |
| Accounts payable and accrued expenses | $1,777 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,777 |
| Net assets without donor restrictions | $497,108 |
| Net assets with donor restrictions | $9,803,816 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,302,701 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Kankakee River Valley has awarded $265,334 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE COMMUNITY OUTREACH MISSION | | | $5,800 |
BLESSINGS IN A BACKPACK | | | $10,000 |
BONFIELD EUMC | | | $8,384 |
CATHOLIC CHARITIES DIOCESE OF JOLI | | | $7,000 |
CHILD NETWORK | | | $9,000 |
EASTERSEALS - JOLIET REGION | | | $7,000 |