Cless Family Foundation
- Assets
- $20.5m
- Revenue
- $1.0m
- Investments
- $19.9m
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 36-3796675
Organization Overview
Cless Family Foundation is located in Northbrook, IL. The organization was established in 1992. 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. Cless Family 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, Cless Family Foundation generated $1.0m 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 (15.8%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cless Family Foundation has awarded 96 individual grants totaling $10,335,492. 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 |
|---|---|---|---|
Ruth I Cless Pres/treas/director | 0 | $0 | |
Martin Cless Director | 0 | $0 | |
Jennifer U Zehr Vp/secretary/director | 0 | $0 | |
Bryan C Cless Director | 0 | $0 | |
Stephen G Cless Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $423,713 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $587,478 |
| Capital Gain Net Income | $587,478 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,011,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $61,015 |
| Contributions, gifts, grants paid | $4,900,750 |
| Total expenses and disbursements | $4,961,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $565,760 |
| 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 | $4,765,639 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,505,400 |
| 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, Cless Family Foundation has awarded $4,900,750 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO ENGINEERS' FOUNDATION PURPOSE: CHARITABLE | $25,000 |
BOOKS & BREAKFAST PURPOSE: EDUCATION | $30,000 |
CHICAGO LIGHTHOUSE PURPOSE: CHARITABLE | $50,000 |
CHILDCARE NETWORK OF EVANSTON PURPOSE: CHARTIABLE | $15,000 |
COUNTRYSIDE DAY SCHOOL PURPOSE: EDUCATION | $10,000 |
DUKE UNIVERSITY PURPOSE: MEDICAL RESEARCH | $300,000 |