Crescent Electric Charitable Foundation
- Assets
- $1.9m
- Revenue
- $64.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- East Dubuque, IL
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 68-0539603
Organization Overview
Crescent Electric Charitable Foundation is located in East Dubuque, IL. The organization was established in 2003. 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. Crescent Electric Charitable 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 12/2022, Crescent Electric Charitable Foundation generated $64.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $99.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Crescent Electric Charitable Foundation has awarded 133 individual grants totaling $591,780. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Teerlinck President- CEO | 1 | $0 | |
Kristi Dahlke Svp-Cfo | 1 | $0 | |
Alice Vontalge Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $231 |
| Dividends & Interest | $50,656 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,690 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,791 |
| Total Revenue | $63,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,308 |
| Total operating and administrative expenses | $16,506 |
| Contributions, gifts, grants paid | $82,800 |
| Total expenses and disbursements | $99,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,770 |
| Savings and temporary cash investments | $0 |
| 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 | $942,439 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,944,622 |
| 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, Crescent Electric Charitable Foundation has awarded $82,800 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: DONATION | $2,500 |
BOYS AND GIRLS CLUB OF DANE COUNTY PURPOSE: DONATION | $1,000 |
BOY AND GIRLS CLUB OF GREATER DUBUQUE PURPOSE: DONATION | $5,000 |
CRESCENT COMMUNITY HEALTH CENTER PURPOSE: DONATION | $22,500 |
EAST DUBUQUE FIRE DEPARTMENT PURPOSE: DONATION OR ONGOING OPERATIONS AND MAINTENANCE. | $500 |
EAST DUBUQUE LIONS CLUB FOUNDATION PURPOSE: DONATION FOR THE FOOD PANTRY | $250 |