Community Memorial Foundation
- Assets
- $99.3m
- Revenue
- $3.6m
- Investments
- $92.5m
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- 07/1995
- Data as of
- 12/2023
- EIN
- 36-4012380
Organization Overview
Community Memorial Foundation is located in Hinsdale, IL. The organization was established in 1995. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Memorial 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 12/2023, Community Memorial Foundation generated $3.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 4 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.
Since 2020, Community Memorial Foundation has awarded 572 individual grants totaling $13,300,260. 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
2023
Describe the Organization's Program Activity:
REGIONAL HEALTH AND HUMAN SERVICES AGENDA (RHA)THE INTEGRATED AGENDA IDENTIFIES HEALTH AND HUMAN SERVICES PRIORITIES FOR THE 27 CMF COMMUNITIES AND HIGHLIGHTS CORRESPONDING INDICATORS TO TRACK PROGRESS OVER A TEN-YEAR TIME FRAME.
BUILDING ORGANIZATIONAL EFFECTIVENESS (BOE) PROVIDES LOCAL NON-PROFIT ORGANIZATIONS WITH CONTINUOUS LEARNING AND IMPROVEMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President And CEO | 40 | $647,773 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Vice Chair/director | 1 | $0 | |
Name Not Listed Chair/director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cherry Bekaert Advisory Llc | 12/30/23 | $54,165 |
Marquette Associates | 12/30/23 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,647 |
| Interest on Savings | $2,262,954 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,098,881 |
| Capital Gain Net Income | $1,241,371 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $206,055 |
| Total Revenue | $3,616,537 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $342,081 |
| Other employee salaries and wages | $679,315 |
| Pension plans, employee benefits | $121,291 |
| Interest | $0 |
| Taxes | $235,021 |
| Depreciation | $3,863 |
| Occupancy | $61,289 |
| Travel, conferences, and meetings | $71,019 |
| Printing and publications | $1,157 |
| Other expenses | $189,678 |
| Total operating and administrative expenses | $2,495,177 |
| Contributions, gifts, grants paid | $3,020,718 |
| Total expenses and disbursements | $5,515,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,922 |
| Savings and temporary cash investments | $4,511,371 |
| 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 | $49,460 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $33,244,803 |
| Net Land, buildings, and equipment | $15,935 |
| Other assets | $1,847,498 |
| Total assets | $99,318,222 |
| Accounts payable and accrued expenses | $289,933 |
| 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 | $1,651,919 |
| Total liabilities | $1,941,852 |
Grants Awarded
Over the last fiscal year, Community Memorial Foundation has awarded $3,036,348 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS COMMUNITY HEALTH NETWORK PURPOSE: PROGRAM GRANT | $25,000 |
AGING CARE CONNECTIONS PURPOSE: PROGRAM GRANT | $85,000 |
AGING CARE CONNECTIONS PURPOSE: CAPACITY BUILDING GRANT | $730 |
AGING CARE CONNECTIONS PURPOSE: PROGRAM GRANT | $35,433 |
ALIVIO MEDICAL CENTER PURPOSE: PROGRAM GRANT | $60,642 |
AGING CARE CONNECTIONS PURPOSE: PROGRAM GRANT | $630 |