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
The information for Fulk Family Foundation Inc is as of the organization's most recent filing in July '22. This organization is located in Chicago, IL. It has been in existence for 32 years, following its founding in 1990.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Fulk Family Foundation Inc's NTEE code is T20. This means that it falls under the classification of Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Grantmaking Foundation, the Fulk Family Foundation Inc is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. Its purpose is to support social, educational, religious, and other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the organization is classified as a 501(c)(3) organization, which means it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work, according to the Internal Revenue Code.
Program Areas
Within the general fund, the organization does not engage in any direct charitable activities.
Grant History
Our dataset includes eight years of grant history for the Fulk Family Foundation Inc. Over the course of these eight years, they have awarded a total of 1,242 grants, with an average check size of $377,407. On average, the foundation awards 155 grants each year. The majority of their grants are awarded in the Education sector, with 177 grants in this category. They also frequently award grants in the Arts, Culture & Humanities sector (161 grants) and the Health Care sector (71 grants). When it comes to geographical distribution, the foundation most frequently awards grants in Illinois (766 grants), followed by Nebraska (173 grants), Indiana (101 grants), and New York (43 grants), among others.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Coffman Treasurer/administrator | 27.5 | $303,885 | |
Linda Kroning Secretary | 20 | $210,000 | |
Russell Bartmes Vice President | 26 | $210,000 | |
N Jane Morrison President | 21 | $210,000 | |
Alice Brunner Vice President | 5.5 | $150,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forvis Llp | 7/30/22 | $50,120 |
Foundation Source | 7/30/22 | $129,700 |
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 $66,514,077 in support to 167 organizations.
| Grant Recipient | Amount |
|---|---|
Lincoln, NE PURPOSE: BUILDING CAMPAIGN | $5,000,000 |
WAUKEGAN PARK DISTRICT PURPOSE: LIBRARY RENOVATION | $4,750,000 |
Chicago, IL PURPOSE: TMW CENTER | $2,800,000 |
Chicago, IL PURPOSE: MILLENNIUM PARK CONCERT | $2,500,000 |
Chicago, IL PURPOSE: EDUCATION PROGRAMS | $2,200,000 |
Libertyville, IL PURPOSE: EDUCATION CENTER | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |