Liberty Prairie Foundation
- Assets
- $2.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Grayslake, IL
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 36-3888439
Organization Overview
Liberty Prairie Foundation is located in Grayslake, IL. The organization was established in 1994. 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. Liberty Prairie 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 12/2021, Liberty Prairie Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $876.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Liberty Prairie Foundation has awarded 97 individual grants totaling $964,246. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
FARM BUSINESS DEVELOPMENT CENTER (FBDC) - FBDC IS A BUSINESS INCUBATOR WHERE BEGINNING FARMERS CAN LEASE CERTIFIED ORGANIC LAND WITH LIMITED ACCESS TO EQUIPMENT AND INFRASTRUCTURE FOR UP TO FIVE YEARS BEFORE MAKING THE LONG TERM INVESTMENT IN FARMS OF THEIR OWN.
LEARNING FARM - THE LEARNING FARM CREATES EDUCATIONAL AND PLANNING ACTIVITIES THAT RELATE TO LAND STEWARDSHIP, SUSTAINABLE AGRICULTURE, AND LIFELONG LEARNING
GRANTMAKING - SERVICES FOR THE PRAIRIE CROSSING HOMEOWNERS ASSOCIATION (PCHOA) INCLUDING ROUTINE LANDSCAPE MAINTENANCE, COMMON AREA WASTE REMOVAL, AND ENVIRONMENTAL MONITORING AND MANAGEMENT SERVICES.
STEWARDSHIP - PROJECTS FOR CONSERVATION AND INNOVATIVE STORMWATER PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Aaberg Program Director | 40 | $98,000 | |
Kim Derose Barn Manager | 40 | $59,050 | |
Jen Miller Managing Director | 40 | $56,600 | |
Eric Carlberg Director, Education | 40 | $52,000 | |
Michelle Meno Accounting And Opera | 40 | $50,400 | |
Victoria P Ranney President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $962,694 |
| Interest on Savings | $116 |
| Dividends & Interest | $0 |
| Net Rental Income | $32,198 |
| 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 | $53,285 |
| Total Revenue | $1,172,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $513,865 |
| Pension plans, employee benefits | $0 |
| Interest | $8,687 |
| Taxes | $64,553 |
| Depreciation | $27,694 |
| Occupancy | $29,500 |
| Travel, conferences, and meetings | $2,946 |
| Printing and publications | $0 |
| Other expenses | $120,816 |
| Total operating and administrative expenses | $809,745 |
| Contributions, gifts, grants paid | $66,209 |
| Total expenses and disbursements | $875,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,124 |
| Savings and temporary cash investments | $650,561 |
| Net Accounts receivable | $9,705 |
| Net Pledges Receivable | $88,556 |
| Grants receivable | $90,186 |
| 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 | $1,618,229 |
| Other assets | $0 |
| Total assets | $2,680,361 |
| Accounts payable and accrued expenses | $53,103 |
| Grants payable | $25,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $143,613 |
| Other liabilities | $36,117 |
| Total liabilities | $257,833 |
Grants Awarded
Over the last fiscal year, Liberty Prairie Foundation has awarded $118,196 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Caledonia, IL PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $43,480 |
Chicago, IL PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $29,466 |
FOREFRONT FOUNDATION PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $24,000 |
SMART FARM OF BARRINGTON PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $2,500 |
ROBERTI COMMUNITY HOUSE PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $2,500 |
Round Lake Park, IL PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Liberty Prairie Foundation has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Harold M And Adeline S Morrison Family Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |