Julius W Hegeler Ii Foundation
- Assets
- $58.0m
- Revenue
- $7.1m
- Investments
- $56.5m
- Employees
- 0
- Location
- Danville, IL
- Founding
- 01/1993
- Data as of
- 06/2022
- EIN
- 37-1302455
Organization Overview
Julius W Hegeler Ii Foundation is located in Danville, IL. The organization was established in 1993. 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. Julius W Hegeler Ii 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 06/2022, Julius W Hegeler Ii Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 60.5% each year . All expenses for the organization totaled $3.8m during the year ending 06/2022. While expenses have increased by 27.8% per year over the past 6 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 2015, Julius W Hegeler Ii Foundation has awarded 140 individual grants totaling $9,134,454. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSEUM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Wise Secy/treas/director | 30 | $85,250 | |
Philip Muehl President/director | 2 | $6,000 | |
Mary Norenberg Director | 2 | $6,000 | |
Gilbert Saikley Director | 2 | $6,000 | |
Alix S Hegeler Vice President/director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tony Rice | 6/29/20 | $64,793 |
Schomberg & Schomberg | 6/29/20 | $58,001 |
Everett Rice | 6/29/20 | $59,065 |
Carl Hill | 6/29/20 | $50,450 |
Phyllis Rice | 6/29/20 | $58,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,882,832 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,319,868 |
| Net Rental Income | $897 |
| Net Gain on Sale of Assets | $2,862,286 |
| Capital Gain Net Income | $2,862,286 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,892 |
| Total Revenue | $7,071,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,962 |
| Interest | $0 |
| Taxes | $210,353 |
| Depreciation | $81,077 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $277,311 |
| Total operating and administrative expenses | $891,205 |
| Contributions, gifts, grants paid | $2,867,138 |
| Total expenses and disbursements | $3,758,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,756 |
| Savings and temporary cash investments | $103,075 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,293,268 |
| Other assets | $0 |
| Total assets | $57,977,961 |
| Accounts payable and accrued expenses | $10,147 |
| 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 | $10,147 |
Grants Awarded
Over the last fiscal year, Julius W Hegeler Ii Foundation has awarded $2,867,138 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Danville, IL PURPOSE: SUPPORT LOCAL SCHOOL | $1,000,500 |
CROSSPOINT PURPOSE: SUPPORT FOR MENTAL HEALTH PROGRAMS | $963,650 |
Danville, IL PURPOSE: SUPPORT OF PEOPLE WITH DISABILITIES | $250,000 |
WINTERVIEW YOUTH LEAGUE PURPOSE: SUPPORT FOR LOCAL COMMUNITY DEVELOPMENT | $197,714 |
CARLE RIVERFRONT COMMUNITY GARDEN PURPOSE: SUPPORT OF LOCAL COMMUNITY DEVELOPMENT | $75,000 |
Danville, IL PURPOSE: SUPPORT FOR COMMUNITY EVENT | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |