Polk Bros Foundation Inc
- Assets
- $0.0
- Revenue
- $57.1m
- Investments
- $316.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1959
- Data as of
- 08/2021
- EIN
- 36-6108293
Organization Overview
Polk Bros Foundation Inc is located in Chicago, IL. The organization was established in 1959. 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. Polk Bros Foundation 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 08/2021, Polk Bros Foundation Inc generated $57.1m in total revenue. All expenses for the organization totaled $37.8m during the year ending 08/2021. While expenses have increased by 9.6% per year over the past 3 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 2020, Polk Bros Foundation Inc has awarded 2,326 individual grants totaling $116,636,182. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed VP Investments/operations & Assistant Treasurer | 37.5 | $270,000 | |
Name Not Listed CEO & Assistant Secretary | 37.5 | $476,667 | |
Name Not Listed Director | 3 | $0 | |
Name Not Listed Director | 3 | $0 | |
Name Not Listed Chair | 3 | $0 | |
Name Not Listed Vice Chair | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Private Wealth Management | 8/30/23 | $631,161 |
Zemsky & Associates Consulting | 8/30/23 | $82,050 |
Crowe Llp | 8/30/23 | $62,216 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $99,708 |
| Dividends & Interest | $2,444,615 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,968,528 |
| Total Revenue | $57,050,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $683,000 |
| Pension plans, employee benefits | $463,499 |
| Depreciation | $0 |
| Occupancy | $293,782 |
| Travel, conferences, and meetings | $33,185 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $5,487,391 |
| Contributions, gifts, grants paid | $32,320,203 |
| Total expenses and disbursements | $37,807,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $219,023,469 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $28,731 |
Grants Awarded
Over the last fiscal year, Polk Bros Foundation Inc has awarded $26,591,438 in support to 717 organizations.
| Grant Recipient | Amount |
|---|---|
PUBLIC ALLIES CHICAGO PURPOSE: SPECIAL PROJECTS | $30,000 |
CHICAGOLAND WORKFORCE FUNDERS ALLIANCE PURPOSE: SPECIAL PROJECTS | $20,000 |
THE UNIVERSITY OF CHICAGO - OFFICE OF CIVIC ENGAGEMENT PURPOSE: STRONG COMMUNITIES | $50,000 |
THE CHICAGO LIGHTHOUSE FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED PURPOSE: STRONG FAMILIES | $50,000 |
CHICAGO COMMUNITY FOUNDATION PURPOSE: EQUITABLE RECOVERY GRANT | $150,000 |
UIC URBAN EDUCATION LEADERSHIP PROGRAM PURPOSE: EDUCATION | $100,000 |