Abercrombie & Kent Philanthropy Inc
- Assets
- $474.8k
- Revenue
- $471.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Downers Grove, IL
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 36-4222228
Organization Overview
Abercrombie & Kent Philanthropy Inc is located in Downers Grove, IL. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Abercrombie & Kent Philanthropy Inc 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, Abercrombie & Kent Philanthropy Inc generated $471.2k 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 (10.0%) each year. All expenses for the organization totaled $664.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP NATURE THRIVE AND CULTURES TO FLOURISH BY POSITIVELY IMPACTING LIVES AND LIVELIHOODS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABERCROMBIE & KENT PHILANTHROPY (AKP) IS DEEPLY COMMITTED TO ITS FOUR PILLARS: EDUCATION, HEALTH CARE, CONSERVATION AND COMMUNITY ENTERPRISE DEVELOPMENT. WE BELIEVE THAT THE PRESERVATION OF OUR NATURAL AND CULTURAL HERITAGES IS BEST ACCOMPLISHED THROUGH THE SUSTAINED UNIFICATION OF ENVIRONMENTAL AND ECONOMIC GOALS. AKP STRIVES TO: 1) EDUCATE AND TRAIN COMMUNITIES WITH WHOM WE WORK TO PROTECT THE ENVIRONMENT AS A NATURAL, RENEWABLE RESOURCE FOR THEIR ECONOMIC BENEFIT AND FOR FUTURE GENERATIONS. 2) TAKE A PROACTIVE ROLE IN PROTECTING ENDANGERED SPECIES AND THE ECOSYSTEMS UPON WHICH THEY DEPEND. 3) SET AN EXAMPLE AND EDUCATE TRAVELERS TO HELP THEM UNDERSTAND AND RESPECT THE AREAS IN WHICH THEY TRAVEL SO THESE FRAGILE ECOSYSTEMS CAN CONTINUE TO THRIVE. 4) ENGAGE THE HELP OF OUR GUESTS BY INTRODUCING CIVIC-MINDED TRAVELERS TO GRASSROOTS ORGANIZATIONS MAKING A DIFFERENCE IN EDUCATION, HEALTH, CONSERVATION AND COMMUNITIES IN THE DESTINATIONS THEY VISIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Sproule Exec Director/secretary | OfficerTrustee | 37.5 | $177,015 |
Geoffrey Kent Co-Chair | OfficerTrustee | 2 | $0 |
Brett Fichte Treasurer | OfficerTrustee | 2 | $0 |
Jorie Butler Kent Co-Chair | OfficerTrustee | 2 | $0 |
Keith Baron Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $89,798 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,196 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $471,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,466 |
| Compensation of current officers, directors, key employees. | $50,867 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,198 |
| Pension plan accruals and contributions | $7,273 |
| Other employee benefits | $0 |
| Payroll taxes | $15,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $281 |
| Fees for services: Accounting | $18,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $470 |
| Office expenses | $6,603 |
| Information technology | $14,653 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,478 |
| 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 | $1,375 |
| Insurance | $6,109 |
| All other expenses | $6,918 |
| Total functional expenses | $664,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,194 |
| Savings and temporary cash investments | $166,492 |
| Pledges and grants receivable | $58,813 |
| Accounts receivable, net | $374 |
| 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 | $3,943 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $474,816 |
| Accounts payable and accrued expenses | $31,629 |
| 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 | $391,474 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $423,103 |
| Net assets without donor restrictions | -$264,167 |
| Net assets with donor restrictions | $315,880 |
| 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 | $474,816 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Abercrombie & Kent Philanthropy Inc has recieved totaling $101,043.
| Awarding Organization | Amount |
|---|---|
The Chin Family Foundation Wilmington, DE PURPOSE: NAKATINDI LUNCH PROGRAM AND NAKATINDI LIBRARY PROGRAM | $50,000 |
Bilek Charitable Foundation Henderson, NV PURPOSE: TO HELP ACTIVITIES OF VAR PUBLIC CHAR INST WHICH ARE EXEMPT UNDER 501 (C)(3) | $20,000 |
Allison Family Foundation Troy, MI PURPOSE: GENERAL PURPOSE | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,250 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,200 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |