Northeast Community Fund
- Assets
- $3.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Decatur, IL
- Founding
- 05/1970
- Data as of
- 03/2023
- EIN
- 37-0912488
Organization Overview
Northeast Community Fund is located in Decatur, IL. The organization was established in 1970. 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. As of 03/2023, Northeast Community Fund employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Community 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 03/2023, Northeast Community Fund generated $2.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $3.2m during the year ending 03/2023. While expenses have increased by 16.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOOD/CLOTHING FOR THE NEEDY, ASSISTANCE FOR UTILITIES, MEDICAL EXPENSE, RENT, TRANSPORTATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE FOOD AND CLOTHING TO INDIVIDUALS IN THE COMMUNITY.
HELP INDIVIDUALS IN THE COMMUNITY WITH UTILITIES, MEDICAL EXPENSE, RENT, TRANSPORTATION, AND FINANCIAL COUNSELING.
SHIP - SMALL HOME IMPROVEMENT PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Pelz Director | Trustee | 1 | $5,881 |
Regan Deering President | OfficerTrustee | 1 | $0 |
Missy Batman Director | Trustee | 1 | $0 |
James Schroeder Treasurer | OfficerTrustee | 1 | $0 |
Frank Whitehead Director | Trustee | 1 | $0 |
Joyce Keller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,650 |
| Related organizations | $0 |
| Government grants | $232,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,484,589 |
| Noncash contributions included in lines 1a–1f | $1,689,987 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,741,698 |
| Total Program Service Revenue | $3,476 |
| Investment income | $13,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,100 |
| Net Gain/Loss on Asset Sales | -$7,141 |
| Net Income from Fundraising Events | -$6,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,758,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $229,457 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,968 |
| Compensation of current officers, directors, key employees. | $20,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,108 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,960 |
| Payroll taxes | $32,132 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,614 |
| Fees for services: Other | $46,452 |
| Advertising and promotion | $5,042 |
| Office expenses | $41,961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,989 |
| Travel | $5,912 |
| 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 | $135,856 |
| Insurance | $12,559 |
| All other expenses | $0 |
| Total functional expenses | $3,155,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,374 |
| Savings and temporary cash investments | $208,244 |
| Pledges and grants receivable | $6,082 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $169,755 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,072,238 |
| Investments—publicly traded securities | $450,914 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,491 |
| Total assets | $3,616,098 |
| Accounts payable and accrued expenses | $19,004 |
| Grants payable | $0 |
| Deferred revenue | $81,047 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $100,051 |
| Net assets without donor restrictions | $3,334,058 |
| Net assets with donor restrictions | $181,989 |
| 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 | $3,616,098 |