Old Enterprise Foundation
- Assets
- $178.1k
- Revenue
- $39.7k
- Investments
- $176.2k
- Employees
- 0
- Location
- Lebanon, IL
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 37-1415792
Organization Overview
Old Enterprise Foundation is located in Lebanon, IL. The organization was established in 1999. 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. Old Enterprise 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 12/2023, Old Enterprise Foundation generated $39.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $43.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Old Enterprise Foundation has awarded 23 individual grants totaling $129,844. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACLU
CHARLES SCHWAB DONOR ADVISED FUND
IFM COMMUNITY MEIDICINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ellerbrake Dir | 1 | $0 | |
Johann Ellerbrake Dir | 1 | $0 | |
Christopher Ellerbrake Treas/dir | 5 | $0 | |
Stephen Ellerbrake Pres/dir | 1 | $0 | |
Kelly Ellerbrake V Pres/dir | 1 | $0 | |
Morgan Ellerbrake Sec/dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,501 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,355 |
| Capital Gain Net Income | $25,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $363 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $2,013 |
| Contributions, gifts, grants paid | $41,600 |
| Total expenses and disbursements | $43,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,892 |
| Savings and temporary cash investments | $0 |
| 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 | $82,609 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $178,102 |
| Accounts payable and accrued expenses | $90 |
| 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 | $90 |
Grants Awarded
Over the last fiscal year, Old Enterprise Foundation has awarded $41,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARBOR DAY FOUNDATION PURPOSE: CHARITY | $100 |
CHARLES SCHWAB DONOR ADVISED FUND PURPOSE: TO PUT IN A DONATED FUNDS AND THEN SENT OUT DONATIONS | $41,500 |