Oak Park-River Forest Community Foundation
- Assets
- $52.4m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Oak Park, IL
- Founding
- 04/1998
- Data as of
- 06/2021
- 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 06/2021, Oak Park-River Forest Community Foundation employed 9 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 06/2021, Oak Park-River Forest Community Foundation generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 6.3% per year over the past 6 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 376 individual grants totaling $10,279,295. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING THE COMMUNITY THROUGH PHILANTHROPY BY ADDRESSING COMMUNITY PRIORITIES AND INTERESTS, MAKING RESPONSIVE AND INFORMED GRANTS, BEING PRUDENT AND ACCOUNTABLE MANAGERS OF FUNDS, AND STIMULATING AND FACILITATING INDIVIDUAL PHILANTHROPY.
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. 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 MARCH OF 2020 THE FOUNDATION ESTABLISHED THE RAPID RESPONSE & RECOVERY FUND TO RESPOND TO CRITICAL COMMUNITY NEEDS BROUGHT ABOUT BY THE COVID-19 PANDEMIC. GRANTS FROM THIS FUND CONTINUED INTO FY21.
SUCCESS OF ALL YOUTH (SAY) IS A COMMUNITY COLLECTIVE IMPACT EFFORT ADDRESSING THE SOCIAL & EMOTIONAL, ACADEMIC, AND HEALTH & SAFETY NEEDS OF YOUTH FROM CRADLE TO CAREER. THE FULL TIME DIRECTOR OF THIS PROGRAM LEFT THE ORGANIZATION AT THE END OF FEBRUARY 2020 AND THE PROGRAM CONTINUES TO BE ASSESSED TO DETERMINE FUTURE DIRECTION.
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 TO HELP SUSTAIN NONPROFITS AND THEIR IMPACT ON OUR COMMUNITY. THE GOAL OF IMPACT EXCELLENCE IS TO STRENGTHEN OUR LOCAL NONPROFITS AND THEIR IMPACT ON THE OVERALL QUALITY OF LIFE IN OUR COMMUNITY. IN FY21, IMPACT EXCELLENCE INCURRED FEW EXPENSES AS IT WAS UNABLE TO HOST SESSION FOR LOCAL NONPROFITS DUE TO THE COVID-19 PANDEMIC. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Martinez Jr President And CEO | Officer | 40 | $152,875 |
Donna Myers Chair | OfficerTrustee | 5 | $0 |
Bruce Wojack Vice Chair | OfficerTrustee | 5 | $0 |
Barbara Watkins Secretary | OfficerTrustee | 5 | $0 |
Janet Hanley Treasurer | 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 | $31,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,073,501 |
| Noncash contributions included in lines 1a–1f | $183,098 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,104,897 |
| Total Program Service Revenue | $108,511 |
| Investment income | $730,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,664,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,623,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,605,494 |
| Grants and other assistance to domestic individuals. | $387,255 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,875 |
| Compensation of current officers, directors, key employees. | $61,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $299,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,677 |
| Payroll taxes | $33,659 |
| 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 | $161,373 |
| Fees for services: Other | $116,602 |
| Advertising and promotion | $20,261 |
| Office expenses | $8,989 |
| Information technology | $6,556 |
| Royalties | $0 |
| Occupancy | $58,365 |
| 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 | $1,591 |
| Insurance | $4,463 |
| All other expenses | $6,742 |
| Total functional expenses | $3,979,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,252,334 |
| Pledges and grants receivable | $106,762 |
| 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 | $5,054 |
| Net Land, buildings, and equipment | $23,280 |
| Investments—publicly traded securities | $50,031,732 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,419,162 |
| Accounts payable and accrued expenses | $57,917 |
| 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 | $57,917 |
| Net assets without donor restrictions | $628,416 |
| Net assets with donor restrictions | $51,732,829 |
| 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 | $52,419,162 |
Grants Awarded
Over the last fiscal year, Oak Park-River Forest Community Foundation has awarded $2,356,710 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
Notre Dame, IN PURPOSE: CHARITABLE PURPOSES | $222,000 |
Chicago, IL PURPOSE: CHARITABLE PURPOSES | $150,000 |
Oak Park, IL PURPOSE: CHARITABLE PURPOSES | $138,169 |
Oak Park, IL PURPOSE: CHARITABLE PURPOSES | $122,830 |
CHICAGO READER L3C PURPOSE: CHARITABLE PURPOSES | $114,438 |
Chicago, IL PURPOSE: CHARITABLE PURPOSES | $72,420 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Oak Park-River Forest Community Foundation has recieved totaling $650,413.
| Awarding Organization | Amount |
|---|---|
Co Tua R & J Kott Memorial Char Oak Park, IL PURPOSE: SUPPORT | $312,570 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $103,900 |
Mullooly Carey Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $77,200 |
Donley Foundation Radnor, PA PURPOSE: RAPID RESPONSE RECOVERY FUND | $50,000 |
The Lumpkin Family Foundation Mattoon, IL PURPOSE: CHARITABLE | $30,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $15,699 |
Endowment Analysis
| Beg. Balance | $15,214,668 |
| Earnings | $3,774,406 |
| Net Contributions | $201,790 |
| Grants | $680,858 |
| Ending Balance | $18,510,006 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |