Canterbury Foundation Ltd
- Assets
- $3.1m
- Revenue
- $228.1k
- Investments
- $2.9m
- Employees
- 0
- Location
- Dixon, IL
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 36-3614304
Organization Overview
Canterbury Foundation Ltd is located in Dixon, IL. The organization was established in 1990. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Canterbury Foundation Ltd 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, Canterbury Foundation Ltd generated $228.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $688.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Canterbury Foundation Ltd has awarded 39 individual grants totaling $3,889,380. 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
PROVIDED VARIOUS CONTRIBUTIONS TO OTHER ORGANIZATIONS IN AN ATTEMPT TO FOSTER RELIGIOUS AND EDUCATIONAL GROWTH IN THE ILLINOIS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Boles President | 0 | $0 | |
Linda Brantley Treasurer | 0 | $0 | |
Michelle Spinden Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,397 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,301 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,443 |
| Capital Gain Net Income | $113,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $228,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,872 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,650 |
| Total operating and administrative expenses | $31,672 |
| Contributions, gifts, grants paid | $656,400 |
| Total expenses and disbursements | $688,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,622 |
| Savings and temporary cash investments | $0 |
| 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 | $2,875,432 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,142,054 |
| 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, Canterbury Foundation Ltd has awarded $656,400 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BETWEEN BEATS INC PURPOSE: OPERATING CONTRIBUTION | $471,900 |
HISTORIC DIXON THEATER GROUP PURPOSE: OPERATING CONTRIBUTION | $70,000 |
SAUK VALLEY COMMUNITY COLLEGE PURPOSE: OPERATING CONTRIBUTION/EDUCATION | $2,016 |
ST LUKE'S EPISCOPAL CHURCH PURPOSE: OPERATING CONTRIBUTION/EDUCATION | $8,484 |
VIVA PERFORMING ARTS PURPOSE: OPERATING CONTRIBUTION | $80,000 |
DIXON HIGH SCHOOL - THEATER DEPT PURPOSE: EDUCATION | $10,000 |