Fairfield National Bank Community Foundation
- Assets
- $950.2k
- Revenue
- $29.8k
- Investments
- $860.7k
- Employees
- 0
- Location
- Fairfield, IL
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 37-1379680
Organization Overview
Fairfield National Bank Community Foundation is located in Fairfield, IL. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Fairfield National Bank Community 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, Fairfield National Bank Community Foundation generated $29.8k 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 (25.1%) each year. All expenses for the organization totaled $54.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fairfield National Bank Community Foundation has awarded 86 individual grants totaling $140,450. 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 |
|---|---|---|---|
Linda Monge President/director | 1 | $0 | |
Barbara Williams Vice President/director | 1 | $0 | |
Bettie Laws Secretary/treasurer/direct | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $884 |
| Dividends & Interest | $22,048 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,856 |
| Capital Gain Net Income | $6,856 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,430 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,226 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29 |
| Total operating and administrative expenses | $4,595 |
| Contributions, gifts, grants paid | $49,550 |
| Total expenses and disbursements | $54,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,443 |
| 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 | $860,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $950,159 |
| 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, Fairfield National Bank Community Foundation has awarded $49,550 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMALS REQUESTING FRIENDS PURPOSE: OPERATIONS | $500 |
CBAI FOUNDATION FOR COMMUNITY BANKING PURPOSE: SCHOLARSHIPS | $1,000 |
CISNE HIGH SCHOOL PURPOSE: FFA PROGRAM | $500 |
COMPASSION PREGNANCY CENTER PURPOSE: OPERATIONS | $1,000 |
ENTERPRISE METHODIST CHURCH PURPOSE: CHRISTMAS DINNER FOR NEEDY | $500 |
FAIRFIELD COMM HIGH SCHOOL PURPOSE: STUDENT ACTIVITIES | $1,000 |