Joaquin R Escobar Foundation is located in Barrington, IL. The organization was established in 2014. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joaquin R Escobar Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
REPRESENTED BY GILBERT KLEIST, PLANS WERE APPROVED FOR CONSTRUCTION OF A CHAPEL CONSTRUCTED ON THE CAMPUS OF ILOCOS SUR POLTECHNIC STATE COLLEGE (ISPSC) IN THE PHILIPPINES, WITH CONSTRUCTION COMPLETED IN 2016. INITIAL FEES WERE INCURRED IN DECEMBER 2015. THE CHAPEL'S MAIN CONSTRUCTION IS COMPLETE AND FINAL PAYMENT REMITTED. CURRENTLY, FEEDBACK IS MONITORED TO IDENTIFY ONGOING REQUESTS RELATED TO THE CHAPEL'S FURNISHINGS/UPKEEP. THE JOAQUIN R ESCOBAR FOUNDATION AWARDED SCHOLARSHIPS IN 2016 AND 2017. IN 2017 THE PHILIPINE GOVERNMENT MADE STATE COLLEGE TUITION FREE. THE FOUNDATION IS CURRENTLY WAITING ON THE UNIVERSITY OF THE PHILIPPINES TO SEND AN UPDATED PROCEDURE FOR SCHOLARSHIPS UNDER THE NEW LAW. THE SCHOLARSHIPS IN 2017 WERE A CARRYOVER OF 2016. THE SCHOLARSHIPS ARE FOR TUITION AT THE UNIVERSITY OF THE PHILIPPINES (UP)FOR A SANTA MARIA STUDENT FITTING UP'S SCHOLARSHIP REQUIREMENTS AND SELECTION PROCESS. THE MAJORITY OF THE FOUNDATION'S WORK AND EXPENSES CENTERED ON THESE TWO PROGRAMS. CURRENT ACTIVITIES INCLUDE WEBSITE AND BROCHURE DESIGN FOR ADVERTISEMENT OF FUTURE PROJECTS. AS NOTED EARLIER, 2017 PROJECTS INCLUDE NEW SCHOLARSHIP, NAMED AFTER THE FOUNDATION, WITH UP AND FEEDBACK MONITORING FOR THE ISPSC CHAPEL PROJECT. ADDITIONALLY, THE LA ASUNCION DE LA NUEVA CHURCH IN STA. MARIA BVELL TOWER CARRILLON IS BEING STORED WIHT A LOCAL ENGINEER WHILE THE CHURCH AND CONVENT'S BUILDING/ROOF IS BEING REPAIRED BY UNESCO AND THE PHILIPPINE GOVERNMENT FOR HURRICANE DAMAGE INCURRED. UPON BOARD APPROVAL OF PROPOSED PROJECTS, DIRECTOR GILBERT KLEIST WILL TRAVEL TO THE PHILIPPINES AND MANAGE THE JOAQUIN R. ESCOBAR FOUNDATION'S OPERATION ON LOCATION. ON LOCATION OPERATIONS MANAGEMENT REQUIRES 24 HOUR AVAILABILITY FOR PROJECT IMPLEMENTATION EFFICIENCY AND SUCCESS. ALL FOUNDATION ACTIVITIES ARE FUNDED BY DONATIONS FROM SPONSORS, INCLUDING DIRECTORS' CONTRIBUTIONS. THE DIRECTORS' SERVICES ARE 100% VOLUNTEER EFFORTS AND THEREFORE RECEIVE NO INCOME FOR SERVICES RENDERED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Vicki Kleist Ceo/director | 0 | $0 | |
Gilbert F Kleist II Director | 0 | $0 | |
Gilbert D Kleist III Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $0 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $10 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $10 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $42 |
Other assets | $0 |
Total assets | $42 |
Total liabilities | $0 |
Net assets or fund balances | $42 |