Termax Charities
- Assets
- $43.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Zurich, IL
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-4109715
Organization Overview
Termax Charities is located in Lake Zurich, IL. The organization was established in 2015. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Termax Charities 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, Termax Charities generated $24.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $40.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION ORGANIZED AND RAN TWO FUNDRAISING EVENTS DURING THE YEAR. THE PROCEEDS FROM THOSE EVENTS WILL BE USED TO PROVIDE GRANTS TO ORGANIZATIONS THAT PROVIDE YOUTH DEVELOPMENT SERVICES, ADULT MENTORING, LIFE TRAINING SKILLS, AND COMMUNITY REINTEGRATION FOR YOUNG MEN AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hoeksema Treasurer & VP | 0 | $0 | |
Wes Gardocki Director, Secretary & VP | 0 | $0 | |
Thomas Boss Director & VP | 1 | $0 | |
Jim Rediger Director | 0 | $0 | |
William Smith Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,526 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$12,717 |
| Other Revenue | $0 |
| Total Revenue | $24,809 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30 |
| Total expenses | $40,030 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,733 |
| Other assets | $0 |
| Total assets | $43,733 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,733 |
Grants Awarded
Over the last fiscal year, Termax Charities has awarded $105,241 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER KISS MY COOLEY PURPOSE: RAISE COMMUNITY AWARENESS TOWARDS PEDIATRIC BRAIN TUMORS | $30,500 |
BUDDY HIELD FOUNDATION PURPOSE: PROVIDE BASIC NECESSITIES FOR THOSE IMPACTED BY A NATURAL DISASTER | $74,741 |