Foundation For Litchfield School District No 12
- Assets
- $229.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Litchfield, IL
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 37-1255511
Organization Overview
Foundation For Litchfield School District No 12 is located in Litchfield, IL. The organization was established in 1994. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Litchfield School District No 12 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, Foundation For Litchfield School District No 12 generated $18.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $12.6k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FINANCIAL SUPPORT FOR INNOVATIVE AND CREATIVE EDUCATIONAL ACTIVITIES NOT CURRENTLY PROVIDED THROUGH THE SCHOOL SYSTEM. THE FOUNDATION ALSO AWARDS SCHOLARSHIPS TO LITCHFIELD HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Farrar Vice President | 1 | $0 | |
Julie Abel Treasurer | 1 | $0 | |
Katie Savage President | 1 | $0 | |
Jimmy Gorowski Director | 0 | $0 | |
Mike Delaney Director | 0 | $0 | |
Jerry Cruthis Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,525 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,046 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,571 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $475 |
| Occupancy, rent, utilities, and maintenance | $1,051 |
| Printing, publications, postage, and shipping | $1,259 |
| Other expenses | $25 |
| Total expenses | $12,595 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $229,571 |
| Other assets | $0 |
| Total assets | $229,571 |
| Total liabilities | $0 |
| Net assets or fund balances | $229,571 |
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