Kaneland Foundation
- Assets
- $225.0k
- Revenue
- $116.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Park, IL
- Founding
- 06/1988
- Data as of
- 06/2023
- EIN
- 36-3531954
Organization Overview
Kaneland Foundation is located in Maple Park, IL. The organization was established in 1988. 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. Kaneland 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 06/2023, Kaneland Foundation generated $116.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $173.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN THE MAINTENANCE & DEVELOPMENT OF THE FACILITIES AND SERVICES OF THE KANELAND CUSD 302 FOR BROADER EDUCATIONAL OPPORTUNITIES AND SERVICES TO ITS' STUDENTS, STAFF, FACULTY, ALUMNI AND COMMUNITY. TO AWARD SCHOLARSHIPS AND GRANTS TO THE STUDENTS, FACULTY AND STAFF OF ALL KANELAND CUSD 302.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KANELAND FOUNDATION AND KANELAND ARTS INITIATIVE (KAI) PARTNER TO PRESENT QUALITY ARTISTIC MEDIA. FUNDS ARE USED TO EXPOSE STUDENTS AND COMMUNITY MEMBERS TO A VARIETY OF ARTISTS THAT LIVE AND WORK IN THE AREA.
KANELAND FOUNDATION GIVES GRANT AWARDS TO TEACHERS THROUGHOUT THE DISTRICT WHO APPLY FOR CLASSROOM NECESSITIES & WANTS IN THE SPRING.
FOUNDATION SCHOLARSHIP PROGRAM FOR KANELAND HIGH SCHOOL STUDENTS. THIS IS AN ONGOING PROGRAM FOR KANELAND HIGH SCHOOL SENIORS WHO ARE CONTINUING THEIR EDUCATION AFTER GRADUATION. STUDENTS MUST APPLY FOR AVAILABLE SCHOLARSHIPS MAINTAINED BY THE FOUNDATION. ONE AWARDED, THE SCHOLARSHIP CHECKS ARE ISSUED TO THE STUDENT AND THE EDUCATIONAL INSTITUTION THEY WILL BE ATTENDING. THERE WERE TWO (2) ONE THOUSAND DOLLAR SCHOLARSHIPS AWARDED THIS YEAR.
THE KANELAND IGKNIGHT PERSONALIZED LEARNING ACADEMY NEEDED TO DEPOSIT A RIVERBOAT FUND GRANT TO OUR 501(C)(3) THEN WE CUT A CHECK FOR BUILDING IMPROVEMENTS TO OPEN ACADEMY IN FALL 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Greenlee Executive Director | Officer | 40 | $0 |
Todd Leden Ex Officio | Trustee | 1 | $0 |
Joan Flanagan Member | Trustee | 1 | $0 |
Judy Van Bogaert Member | Trustee | 2 | $0 |
Heather Espe Member | Trustee | 1 | $0 |
Katie Wood Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,005 |
| Total Program Service Revenue | $28,202 |
| Investment income | $10,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $13,055 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,237 |
| Compensation of current officers, directors, key employees. | $68,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,388 |
| Payroll taxes | $5,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,689 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57 |
| Office expenses | $1,051 |
| Information technology | $3,291 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $555 |
| Interest | $0 |
| Payments to affiliates | $11,166 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $15,365 |
| Total functional expenses | $173,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $137,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $87,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $225,002 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $225,002 |
| 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 | $225,002 |