William M Hales Foundation
- Assets
- $4.5m
- Revenue
- $80.0k
- Investments
- $4.6m
- Employees
- 0
- Location
- Kenilworth, IL
- Founding
- 03/1991
- Data as of
- 12/2022
- EIN
- 36-3735095
Organization Overview
William M Hales Foundation is located in Kenilworth, IL. The organization was established in 1991. 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. William M Hales 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 12/2022, William M Hales Foundation generated $80.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $406.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, William M Hales Foundation has awarded 74 individual grants totaling $767,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine L Hales President | 1 | $0 | |
Erik W Hales Vice President | 1 | $0 | |
Rebecca Farrell Secretary | 1 | $0 | |
Clara Hales Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $133,265 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$53,218 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84 |
| Total operating and administrative expenses | $44,043 |
| Contributions, gifts, grants paid | $362,200 |
| Total expenses and disbursements | $406,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$106,632 |
| 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 | $141,944 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,534,727 |
| 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, William M Hales Foundation has awarded $251,200 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
WTTW CHANNEL 11 PURPOSE: GENERAL | $1,000 |
WELLNESS CENTER PURPOSE: GENERAL | $1,000 |
NORTHSHORE UNIVERSITY HEALTH SYSTEM FOUN PURPOSE: GENERAL | $2,000 |
COMMUNITY RENEWAL SOCIETY PURPOSE: GENERAL | $1,000 |
THE FIELD MUSEUM PURPOSE: GENERAL | $700 |
NEWBERRY LIBRARY PURPOSE: GENERAL | $500 |