William R And Mary Anne Litgen Family Foundation
- Assets
- $534.5k
- Revenue
- $12.9k
- Investments
- $496.5k
- Employees
- 0
- Location
- Arlington Heights, IL
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 36-7056853
Organization Overview
William R And Mary Anne Litgen Family Foundation is located in Arlington Heights, IL. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. William R And Mary Anne Litgen Family 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 12/2022, William R And Mary Anne Litgen Family Foundation generated $12.9k 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 (24.7%) each year. All expenses for the organization totaled $49.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William R And Mary Anne Litgen Family Foundation has awarded 140 individual grants totaling $739,735. 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 |
|---|---|---|---|
William R Litgen Trustee | 0 | $0 | |
Mary Anne Litgen Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $77 |
| Dividends & Interest | $18,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,702 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,185 |
| Total Revenue | $12,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,290 |
| Total operating and administrative expenses | $7,176 |
| Contributions, gifts, grants paid | $42,164 |
| Total expenses and disbursements | $49,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,270 |
| 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 | $748 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $464,693 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $534,517 |
| 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, William R And Mary Anne Litgen Family Foundation has awarded $42,164 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COVE ALLIANCE PURPOSE: SOCIAL SERVICES | $3,000 |
GIGI'S PLAYHOUSE PURPOSE: EDUCATIONAL | $600 |
KNIGHTS OF COLUMBUS COUNCIL 8022 PURPOSE: SOCIAL SERVICES | $10,000 |
STANDING TALL PURPOSE: EDUCATIONAL | $2,500 |
ST EDWARD SCHOOL PURPOSE: FOODBASKET | $1,000 |
ST MARY OF VERNON CHURCH PURPOSE: RELIGIOUS | $16,000 |