Fulk Family Foundation Inc
- Assets
- $111.5m
- Revenue
- $5.2m
- Investments
- $80.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1990
- Data as of
- 07/2022
- EIN
- 47-0732237
Organization Overview
Fulk Family Foundation Inc is located in Chicago, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulk Family Foundation Inc 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 07/2022, Fulk Family Foundation Inc generated $5.2m 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 (9.5%) each year. All expenses for the organization totaled $68.1m during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fulk Family Foundation Inc has awarded 1,414 individual grants totaling $511,583,252. 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
NO DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Brunner Vice President | 14 | $150,000 | |
Marcia Coffman Treasurer/administrator | 20.5 | $271,625 | |
N Jane Morrison President | 22.5 | $210,000 | |
Linda Kroning Secretary | 18.2 | $210,000 | |
Russell Bartmes Vice President | 26 | $210,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forvis Llp | 7/30/23 | $55,515 |
Foundation Source | 7/30/23 | $82,178 |
Croke Fairchild Duarte & Beres Llc | 7/30/23 | $63,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,568,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,576,449 |
| Capital Gain Net Income | $1,576,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $891,768 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,633 |
| Total Revenue | $5,187,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,083,885 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110,030 |
| Depreciation | $361 |
| Occupancy | $59,155 |
| Travel, conferences, and meetings | $7,150 |
| Printing and publications | $0 |
| Other expenses | $166,668 |
| Total operating and administrative expenses | $1,569,356 |
| Contributions, gifts, grants paid | $66,514,077 |
| Total expenses and disbursements | $68,083,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,393,250 |
| 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 | $988,334 |
| Total assets | $111,507,856 |
| 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, Fulk Family Foundation Inc has awarded $42,843,589 in support to 172 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY PARK THEATER PROJECT PURPOSE: FOR THE PRODUCTION OF PORT OF ENTRY ADMINISTERED BY THE ALBANY PARK THEATER PROJECT. | $10,000 |
ADLER PLANETARIUM PURPOSE: GENERAL SUPPORT | $50,000 |
ADLER PLANETARIUM PURPOSE: TO REHOUSE, PRESERVE AND PROTECT ITEMS IN THE ADLER'S COLLECTIONS. | $2,000,000 |
AMERICAN FRIENDS SERVICE COMMITTEE PURPOSE: TO SUPPORT THE CURRENT WORK OF AMERICAN FRIENDS SERVICE COMMITTEE WITH $25,000 BEING DESIGNATED FOR MIDWEST REGION PROGRAMS AND $25,000 UNDESIGNATED FOR OTHER AFSC PROGRAMS. | $50,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL SUPPORT | $500,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL SUPPORT | $100,000 |