Whitney Foundation
- Assets
- $589.3k
- Revenue
- $24.3k
- Investments
- $575.3k
- Employees
- 0
- Location
- Elmwood, IL
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 37-1312678
Organization Overview
Whitney Foundation is located in Elmwood, 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. Whitney 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, Whitney Foundation generated $24.3k 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 (4.4%) each year. All expenses for the organization totaled $54.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Whitney Foundation has awarded 54 individual grants totaling $177,150. 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
PROVIDE FUNDS FOR VARIOUS EXEMPT ORGANIZATIONS TO ENABLE THEM TO CARRY OUT THEIR CHARITABLE PURPOSE AS DESCRIBED IN PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda B Whitney President/director | 5 | $0 | |
Douglas R Whitney Vp/secr./treas./director | 5 | $0 | |
Ethan A Whitney Vice President/director | 5 | $0 | |
Clifford L Bateman Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30 |
| Dividends & Interest | $14,412 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,855 |
| Capital Gain Net Income | $9,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $649 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,081 |
| Total operating and administrative expenses | $8,437 |
| Contributions, gifts, grants paid | $45,600 |
| Total expenses and disbursements | $54,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,015 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $589,277 |
| 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, Whitney Foundation has awarded $45,600 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BYE AMBULANCE SERVICE PURPOSE: TO SUPPORT EMERGENCY RESCUE SERVICE | $3,000 |
ELMWOOD FIRE DEPARTMENT PURPOSE: TO SUPPORT THE FIRE DEPARTMENT OF ELMWOOD, IL | $5,000 |
ELMWOOD POLICE DEPARTMENT PURPOSE: TO SUPPORT THE POLICE DEPARTMENT OF ELMWOOD, IL | $8,000 |
ELMWOOD HISTORICAL GROUP PURPOSE: FOR PRESERVATION OF LOCAL HISTORICAL ITEMS | $7,500 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: TO SUPPORT EDUCATIONAL ACTIVITIES | $12,000 |
SUSAN G KOMEN PURPOSE: FOR THE RESEARCH OF BREAST CANCER | $100 |