South Holland Business Association Foundation
- Assets
- $4.6k
- Revenue
- $3.2k
- Investments
- $0.0
- Employees
- 0
- Location
- South Holland, IL
- Founding
- 06/1992
- Data as of
- 05/2024
- EIN
- 36-3812139
Organization Overview
South Holland Business Association Foundation is located in South Holland, IL. The organization was established in 1992. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. South Holland Business Association 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 05/2024, South Holland Business Association Foundation generated $3.2k 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 (7.4%) each year. All expenses for the organization totaled $8.9k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIPS TO APPLICANTS FINANCIAL AIDE FOR COLLEGE LEVEL EDUCATION AS STIPULATED IN BY-LAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Tennis Director | 1 | $0 | |
Shanetta Davis Secretary | 1 | $0 | |
Joe Blandford President | 1 | $0 | |
Adam Dotson Director | 1 | $0 | |
Thomas Crosby Director | 1 | $0 | |
Quintis Millsaps Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,244 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $3,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $150 |
| Contributions, gifts, grants paid | $8,750 |
| Total expenses and disbursements | $8,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,558 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,558 |
| 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, South Holland Business Association Foundation has awarded $8,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ANILA GIBSON PURPOSE: SCHOLARSHIP | $1,250 |
JERMAINE B HARRIS JR PURPOSE: SCHOLARSHIP | $1,250 |
BABALOLA OLUWADAMILOLA PURPOSE: SCHOLARSHIP | $1,250 |
BERNADETTE ANNE U PIERCE PURPOSE: SCHOLARSHIP | $1,250 |
DARNELL COLEMAN PURPOSE: SCHOLARSHIP | $1,250 |
SAVANNAH CHANSIRI PURPOSE: SCHOLARSHIP | $1,250 |