James B Tafel Foundation
- Assets
- $1.1m
- Revenue
- $61.7k
- Investments
- $2.0k
- Employees
- 0
- Location
- Cary, IL
- Founding
- 01/1989
- Data as of
- 09/2023
- EIN
- 36-3475140
Organization Overview
James B Tafel Foundation is located in Cary, IL. The organization was established in 1989. 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. James B Tafel 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 09/2023, James B Tafel Foundation generated $61.7k 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 (28.4%) each year. All expenses for the organization totaled $186.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James B Tafel Foundation has awarded 388 individual grants totaling $2,059,508. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ida May Tafel Trustee | 0 | $0 | |
Julie K Tafel-Klaus Trustee | 0 | $0 | |
James B Tafel Jr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34,683 |
| Dividends & Interest | $27,058 |
| 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 | $61,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $1,911 |
| Contributions, gifts, grants paid | $184,755 |
| Total expenses and disbursements | $186,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,626 |
| Savings and temporary cash investments | $1,114,646 |
| 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 | $280 |
| Total assets | $1,128,537 |
| 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, James B Tafel Foundation has awarded $184,755 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LUNG ASSOCIATION PURPOSE: MEDICAL | $100 |
AMERSON MUSIC MINISTRIES PURPOSE: RELIGIOUS | $15,000 |
ANIMAL HOUSE SHELTER PURPOSE: CHARITABLE | $500 |
BETHESDA HOSPITAL FOUNDATION PURPOSE: MEDICAL | $50,000 |
ATHLETES AND CAUSES FOUNDATION PURPOSE: CHARITABLE | $1,000 |
BURNHAM MINISTRY PURPOSE: RELIGIOUS | $5,000 |