Frank And Dolores Corbett Charitable Fund
- Assets
- $8.1m
- Revenue
- $84.4k
- Investments
- $7.8m
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- Data as of
- 12/2023
- EIN
- 36-7741367
Organization Overview
Frank And Dolores Corbett Charitable Fund is located in Highland Park, IL. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Frank And Dolores Corbett Charitable Fund 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, Frank And Dolores Corbett Charitable Fund generated $84.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (67.6%) each year. All expenses for the organization totaled $645.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Frank And Dolores Corbett Charitable Fund has awarded 114 individual grants totaling $1,200,000. 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 |
|---|---|---|---|
Allan A Wulfstat Trustee/chairman/attorney | 7 | $33,330 | |
Matthew Wulfstat Trustee | 4 | $30,000 | |
Jennifer Gadiel Trustee | 4 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,500 |
| Interest on Savings | $25 |
| Dividends & Interest | $154,150 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$107,242 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,433 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,330 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,065 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87 |
| Total operating and administrative expenses | $163,598 |
| Contributions, gifts, grants paid | $482,000 |
| Total expenses and disbursements | $645,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,837 |
| Savings and temporary cash investments | $190,790 |
| 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 | $856,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,609 |
| Total assets | $8,085,285 |
| 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, Frank And Dolores Corbett Charitable Fund has awarded $482,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALYSSA BURNETT LEARNING CENTER PURPOSE: COMMUNITY SERVICES | $2,500 |
ALZHEIMERS ASSOCIATION ILLINOIS CHAPTER PURPOSE: ALZHEIMERS MEDICAL RESEARCH | $10,000 |
AMERICAN TECHNION SOCIETY PURPOSE: MEDICAL RESEARCH | $25,000 |
BREAST CANCER PREVENTION PURPOSE: BREAST CANCER RESEARCH | $10,000 |
CATHOLIC CHARITIES PURPOSE: COMMUNITY SERVICES | $10,000 |
CHALLENGE SUCCESS PURPOSE: EDUCATIONAL SERVICES | $25,000 |