Buckeye Foundation
- Assets
- $35.0m
- Revenue
- $1.9m
- Investments
- $21.6m
- Employees
- 0
- Location
- Frankfort, IL
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 36-3999865
Organization Overview
Buckeye Foundation is located in Frankfort, IL. The organization was established in 1996. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buckeye 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, Buckeye Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Karen Patrick Philip Treasurer - Part-Time | 0 | $25,000 | |
Marilyn M Patrick President - Part-Time | 0 | $0 | |
Thomas H Patrick Secretary - Part-Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $441,302 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,784,619 |
| Capital Gain Net Income | $1,784,619 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$336,302 |
| Total Revenue | $1,889,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $24,900 |
| Taxes | $42,611 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $537,346 |
| Total operating and administrative expenses | $648,806 |
| Contributions, gifts, grants paid | $1,409,400 |
| Total expenses and disbursements | $2,058,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,213 |
| Savings and temporary cash investments | $868,566 |
| Net Accounts receivable | $1,381,535 |
| 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 | $21,599,419 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,858,316 |
| Total assets | $34,984,049 |
| 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 | $3,910 |
| Total liabilities | $3,910 |