Liberty Prairie Nfp
- Assets
- $2.9m
- Revenue
- $618.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Grayslake, IL
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 36-3888439
Organization Overview
Liberty Prairie Nfp 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 Nfp 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, Liberty Prairie Nfp generated $618.1k 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 (10.8%) each year. All expenses for the organization totaled $712.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Liberty Prairie Nfp 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNING FARM - THE LEARNING FARM CREATES EDUCATIONAL AND PLANNING ACTIVITIES THAT RELATE TO LAND STEWARDSHIP, SUSTAINABLE AGRICULTURE, AND LIFLONG LEARNING.
STEWARDSHIP - PROJECTS FOR CONSERVATION AND INNOVATIVE STORMWATER PRACTICES.
FARM BUSINESS DEVELOPTMENT CENTER
BYRON COLBY BARN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria P Ranney Chairman | 2 | $0 | |
George Ranney Jr Secretary | 2 | $0 | |
Paul Geiselhart Treasurer | 2 | $0 | |
Gerald Adelmann Vice Chair | 2 | $0 | |
Brook Hecht PHD Director | 2 | $0 | |
Karen Wilkes Executive Director | 40 | $140,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $307,383 |
| Interest on Savings | $517 |
| Dividends & Interest | $0 |
| Net Rental Income | $67,569 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $168,993 |
| Other Income | $51,569 |
| Total Revenue | $618,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $140,000 |
| Other employee salaries and wages | $141,760 |
| Pension plans, employee benefits | $62,986 |
| Interest | $0 |
| Taxes | $22,066 |
| Depreciation | $52,585 |
| Occupancy | $19,434 |
| Travel, conferences, and meetings | $2,719 |
| Printing and publications | $0 |
| Other expenses | $206,294 |
| Total operating and administrative expenses | $711,967 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $711,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,661 |
| Savings and temporary cash investments | $462,662 |
| Net Accounts receivable | $14,019 |
| Net Pledges Receivable | $61,296 |
| Grants receivable | $5,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $18,101 |
| Prepaid expenses and deferred charges | $7,452 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,172,689 |
| Other assets | $77,057 |
| Total assets | $2,892,937 |
| Accounts payable and accrued expenses | $144,668 |
| Grants payable | $0 |
| Deferred revenue | $400 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $117,269 |
| Other liabilities | $336,771 |
| Total liabilities | $599,108 |
Grants Awarded
Over the last fiscal year, Liberty Prairie Nfp has awarded $118,196 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
DAVINCI WALDORF SCHOOL PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $300 |
ANGELIC ORGANICS LEARNING CENTER PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $43,480 |
FOREFRONT FOUNDATION PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $24,000 |
CENTER FOR HUMANS & NATURE PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $300 |
GREENTOWN WAUKEGAN INC PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $2,200 |
GROWING HEALTHY VETERANS PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT THE OPERATIONS OF THE ORGANIZATION. | $2,190 |