Acorn Foundation
- Assets
- $646.0k
- Revenue
- $23.2k
- Investments
- $544.2k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 36-3991208
Organization Overview
Acorn Foundation is located in Chicago, IL. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acorn 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, Acorn Foundation generated $23.2k 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 (60.0%) each year. All expenses for the organization totaled $46.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Jane Wanger Director | 0 | $0 | |
Kathleen Tucker Treasurer | 0 | $0 | |
Leonard Ralph Wanger Director | 0 | $0 | |
Eric David Wanger Director | 0 | $0 | |
Ralph Wanger President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24 |
| Dividends & Interest | $3,616 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,787 |
| Capital Gain Net Income | $18,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $740 |
| Total Revenue | $23,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $656 |
| Total operating and administrative expenses | $6,764 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $46,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,452 |
| Savings and temporary cash investments | $78,321 |
| 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 | $646,018 |
| 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, Acorn Foundation has awarded $47,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: MUSEUM | $6,000 |
CHICAGO COLLEGIATE CHARTER SCHOOL PURPOSE: EDUCATIONAL | $5,000 |
Chicago, IL PURPOSE: EDUCATIONAL | $5,000 |
Chicago, IL PURPOSE: EDUCATIONAL | $4,500 |
Iowa City, IA PURPOSE: EDUCATIONAL | $3,000 |
FRIENDS OF PAYTON SCHOOL PURPOSE: EDUCATIONAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edgar & Lucile Schergens Foundation Inc Tell City, IN | $7,108,471 | $777,671 |
O Natalie Proctor Revocable Trust Chicago, IL | $1,257,967 | $88,074 |
B & S Lang Charitable Trust Chicago, IL | $647,662 | $59,737 |
Martin J Taub & Irene M Taub Memorial Fund Chicago, IL | $598,673 | $51,762 |
Acorn Foundation Chicago, IL | $646,018 | $23,167 |
Damian P And Marie Mccarthy Alagia Family Charitable Foundation Louisville, KY | $587,179 | $18,637 |