Oak Park-River Forest Community Foundation
- Assets
- $45.8m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Oak Park, IL
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 36-4150724
Organization Overview
Oak Park-River Forest Community Foundation is located in Oak Park, IL. The organization was established in 1998. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Oak Park-River Forest Community Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Park-River Forest Community 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 06/2022, Oak Park-River Forest Community Foundation generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 6.8% 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.
Since 2015, Oak Park-River Forest Community Foundation has awarded 509 individual grants totaling $14,541,055. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNITE COMMUNITY MEMBERS TO MOBILIZE RESOURCES TO ADVANCE A RACIALLY JUST SOCIETY AND EQUITABLE OUTCOMES FOR RESIDENTS OF OAK PARK, RIVER FOREST AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPRFCF PROVIDES A CENTRAL RESOURCE FOR DONORS, PROFESSIONAL FINANCIAL ADVISORS, STUDENT SCHOLARSHIPS AND NON-PROFIT ORGANIZATIONS SERVING OAK PARK AND RIVER FOREST AND SURROUNDING COMMUNITIES. FOR DONORS, WE PROVIDE VALUE AND EXPERTISE IN HELPING THEM EXPLORE AND IMPLEMENT GIVING OPTIONS. FOR NON-PROFITS SERVING OUR RESIDENTS, WE PROVIDE INFORMATIVE AND TOPICAL PRESENTATIONS THROUGH OUR IMPACT EXCELLENCE PROGRAM, MANAGE ENDOWMENT FUNDS FOR SEVERAL AND PROVIDE OPPORTUNITIES TO APPLY FOR AND RECEIVE GRANTS. WE ALSO MANAGE SCHOLARSHIP PROGRAMS FOR SEVERAL OF OUR FUNDHOLDERS. IN FY22 THE FOUNDATION CONDUCTED A COMPHREHENSIVE COMMUNITY NEEDS ASSESSMENT WHICH INCLUDED HOSTING A NUMBER OF FOCUS GROUPS MADE UP OF COMMUNITY MEMBERS FROM OPRF AND SURROUNDING COMMUNITIES AND NON-PROFIT ORGANIZATIONS.
FUTURE PHILANTHOPIST PROGRAM PROVIDES YOUNG PEOPLE WITH OPPORTUNITIES TO PARTICIPATE IN A UNIQUELY-ADAPTED PHILANTHROPIC EXPERIENCE. AREA HIGH SCHOOL STUDENTS APPLY FOR THIS TWO YEAR PROGRAM WHICH TURNS JUNIORS INTO GRANT MAKERS AND SENIORS INTO FUNDRAISERS. PROGRAM EXPENSES COVER THE COST OF MEETINGS AND OTHER RELATED COSTS. ONE PART-TIME CONTRACTOR MANAGES THE PROGRAM AND IS PAID OUT OF THE FUNDRAISING OF THE PROGRAM.
LEADERSHIP LAB IS A COMMUNITY LEADERSHIP PROGRAM PROVIDING PARTICIPANTS THE OPPORTUNITY TO LEARN ABOUT OUR COMMUNITY, THINK ABOUT THEIR EFFECT IN OUR COMMUNITY AND DEVELOP A PERSONAL PLAN FOR MAKING A DIFFERENCE. COMMUNITY PANELS, SPEAKERS AND SMALL GROUP FIELD WORK ARE USED THROUGHOUT THE EIGHT MONTH PROGRAM. ONE PART-TIME INDEPENDANT CONTRACTOR MANAGES THE PROGRAM.
IMPACT EXCELLENCE WAS ESTABLISHED BY THE FOUNDATION IN 2013 WITH A GOAL TO STRENGTHEN OUR LOCAL NONPROFITS AND THEIR IMPACT ON THE OVERALL QUALITY OF LIFE IN OUR COMMUNITY. THE PROGRAM HOSTS SKILL BUILDING SESSIONS FOR LOCAL NON-PROFIT ORGANIZATIONS ACROSS A NUMBER OF TOPICS FREE OF CHARGE OR FOR A NOMINAL FEE. THE PROGRAM IS SUPPORTED BY FOUNDATION STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Wojack Chair | OfficerTrustee | 5 | $0 |
Kelly Turner Vice Chair | OfficerTrustee | 5 | $0 |
Barbara Watkins Secretary | OfficerTrustee | 5 | $0 |
Janet Hanley Treasurer | OfficerTrustee | 5 | $0 |
Donna Myers Immediate Past Chair | OfficerTrustee | 5 | $0 |
Case Hoogendoorn Counsel | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,685,951 |
| Noncash contributions included in lines 1a–1f | $230,548 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,685,951 |
| Total Program Service Revenue | $110,929 |
| Investment income | $941,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,609,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,349,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,795,406 |
| Grants and other assistance to domestic individuals. | $482,986 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,627 |
| Compensation of current officers, directors, key employees. | $62,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,372 |
| Payroll taxes | $35,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $142,097 |
| Fees for services: Other | $146,345 |
| Advertising and promotion | $43,555 |
| Office expenses | $8,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,051 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,366 |
| Insurance | $5,706 |
| All other expenses | $7,300 |
| Total functional expenses | $4,357,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,355,242 |
| Pledges and grants receivable | $31,495 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,978 |
| Net Land, buildings, and equipment | $16,914 |
| Investments—publicly traded securities | $43,440,868 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,848,497 |
| Accounts payable and accrued expenses | $166,118 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $166,118 |
| Net assets without donor restrictions | $721,217 |
| Net assets with donor restrictions | $44,961,162 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,848,497 |
Grants Awarded
Over the last fiscal year, Oak Park-River Forest Community Foundation has awarded $2,351,222 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN CHILDCARE PROVIDERS NETWORK PURPOSE: CHARITABLE PURPOSES | $17,250 |
ALLIANCE TO END HOMELESSNESS IN SUBURBAN COOK COUNTY PURPOSE: CHARITABLE PURPOSES | $23,000 |
ANIMAL CARE LEAGUE PURPOSE: CHARITABLE PURPOSES | $61,216 |
BEAT THE STREETS CHICAGO PURPOSE: CHARITABLE PURPOSES | $7,000 |
BEYOND HUNGER PURPOSE: CHARITABLE PURPOSES | $14,400 |
CENTRAL COLLEGE PURPOSE: CHARITABLE PURPOSES | $10,000 |