Centralia Foundation
- Assets
- $39.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 66
- Location
- Centralia, IL
- Founding
- 05/1990
- Data as of
- 12/2021
- EIN
- 37-6029269
Organization Overview
Centralia Foundation is located in Centralia, IL. The organization was established in 1990. 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. As of 12/2021, Centralia Foundation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centralia 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 12/2021, Centralia Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CULTURAL, EDUCATIONAL, AND RECRATIONAL SERVICES TO THE CENTRALIA, ILLINOIS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RECREATION COMPLEX FOR GREATER CENTRALIA AREA. SERVES COMMUNITY POPULATION OF 20,000 PLUS.
PROVIDE CULTURAL, EDUCATIONAL, AND RECREATIONAL SERVICES TO THE CENTRALIA, ILLINOIS AREA
CARILLON BELL TOWER AND PARK PROVIDES RECITALS AND PERFORMANCES. SERVICES COMMUNITY POPULATION OF 20,000 PLUS TOURISTS
FOUNDATION PARK SYSTEM - APPROXIMATELY 300 ACRES OF NATURAL PARK LANDS MAINTAINED FOR ALL CITIZENS LIVING IN AND VISITING THE CENTRALIA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Buchele Secretary | Officer | 0 | $24,802 |
William Sprehe Chairman | OfficerTrustee | 0 | $0 |
David Agee Vice Chairman | OfficerTrustee | 0 | $0 |
Tena Hoyt Trustee | Trustee | 0 | $0 |
Jim Rueter Trustee | Trustee | 0 | $0 |
Alen Owen Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $509,193 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,193 |
| Total Program Service Revenue | $305,594 |
| Investment income | $794,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $75,758 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $722,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,418,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,802 |
| Compensation of current officers, directors, key employees. | $24,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $659,816 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,977 |
| Payroll taxes | $36,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,210 |
| Fees for services: Accounting | $10,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $165,279 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,974 |
| Office expenses | $8,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $262,492 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,541 |
| Insurance | $63,706 |
| All other expenses | $2,974 |
| Total functional expenses | $1,966,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,448 |
| Savings and temporary cash investments | $658,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $459,448 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,805,614 |
| Investments—publicly traded securities | $31,749,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000,000 |
| Total assets | $39,244,226 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,243,538 |
| Net assets with donor restrictions | $35,000,688 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,244,226 |
Grants Awarded
Over the last fiscal year, Centralia Foundation has awarded $105,634 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Centralia, IL | | $50,147 |
CENTRALIA PUBLIC LIBRARY | | | $40,054 |
Centralia, IL | | $15,433 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Centralia Foundation has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Hindman Charitable Tr Centralia, IL PURPOSE: ENDOWMENT FUND | $40,000 |
Hindman Charitable Tr Centralia, IL PURPOSE: ENDOWMENT FUND | $40,000 |
Hindman Charitable Tr Centralia, IL PURPOSE: ENDOWMENT FUND | $40,000 |
Endowment Analysis
| Beg. Balance | $6,287,112 |
| Earnings | $725,374 |
| Admin Expense | $33,967 |
| Net Contributions | $13,091 |
| Other Expense | $144,722 |
| Grants | $79,117 |
| Ending Balance | $6,767,771 |
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 |