Tellabs Foundation
- Assets
- $0.0
- Revenue
- $348.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Downers Grove, IL
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 36-4037547
Organization Overview
Tellabs Foundation is located in Downers Grove, IL. The organization was established in 1997. 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. Tellabs 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, Tellabs Foundation generated $348.3k 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 (23.3%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tellabs Foundation has awarded 262 individual grants totaling $29,853,945. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Callarman Vice President | 0.5 | $0 | |
Stephanie P Marshall Vice President | 0.5 | $0 | |
Carol Gavin President And Secretary | 0.5 | $0 | |
Chris Birck Treasurer And Vice Preside | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,955 |
| Profit on Inventory Sales | $0 |
| Other Income | $61,593 |
| Total Revenue | $348,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $70,085 |
| Contributions, gifts, grants paid | $4,077,086 |
| Total expenses and disbursements | $4,147,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tellabs Foundation has awarded $4,077,086 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN ILLINOIS FOOD BANK PURPOSE: GENERAL SUPPORT | $100,000 |
NAMI DUPAGE PURPOSE: GENERAL SUPPORT | $150,000 |
TEEN CHALLENGE IL PURPOSE: GENERAL SUPPORT | $10,000 |
PEOPLE'S RESOURCE CENTER PURPOSE: GENERAL SUPPORT | $50,000 |
RECLAIM 13 PURPOSE: GENERAL SUPPORT | $10,000 |
PROJECT HOOD PURPOSE: GENERAL SUPPORT | $10,000 |