Paine Family Foundation Corp
- Assets
- $833.5k
- Revenue
- $40.9k
- Investments
- $812.9k
- Employees
- 0
- Location
- Kenilworth, IL
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 36-4199167
Organization Overview
Paine Family Foundation Corp is located in Kenilworth, IL. The organization was established in 1998. 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. Paine Family Foundation Corp 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, Paine Family Foundation Corp generated $40.9k 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 (12.9%) each year. All expenses for the organization totaled $54.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Paine Family Foundation Corp has awarded 98 individual grants totaling $254,507. 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 |
|---|---|---|---|
Jody L Paine Treasurer & Secretary & Director | 5 | $0 | |
Jeffrey S Paine Director | 1 | $0 | |
Barbara S Paine Director | 1 | $0 | |
Andrew S Paine President & Director | 1 | $0 | |
Monica J Paine Director | 1 | $0 | |
Spencer T Paine Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $34,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,965 |
| Capital Gain Net Income | $5,965 |
| Net ST Capital Gain | $287 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,854 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $882 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,879 |
| Contributions, gifts, grants paid | $47,600 |
| Total expenses and disbursements | $54,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,558 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $129,158 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $833,483 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Paine Family Foundation Corp has awarded $47,600 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SANTA FE BOTANICAL GARDEN PURPOSE: GENERAL CHARITABLE | $0 |
ORANGE COUNTY FIRE AUTHORITY PURPOSE: GENERAL CHARITABLE | $0 |
JACKSON CHANCE FOUNDATION PURPOSE: GENERAL CHARITABLE | $0 |
URBAN INITIATIVES PURPOSE: GENERAL CHARITABLE | $5,000 |
DONORS CHOOSE PURPOSE: GENERAL CHARITABLE | $0 |
MARCH OF DIMES PURPOSE: GENERAL CHARITABLE | $3,605 |