Charles M & Joan Taylor Foundation Inc
- Assets
- $18.9m
- Revenue
- $1.3m
- Investments
- $18.6m
- Employees
- 0
- Location
- Frankfort, IL
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 71-0799820
Organization Overview
Charles M & Joan Taylor Foundation Inc is located in Frankfort, IL. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles M & Joan Taylor 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 12/2023, Charles M & Joan Taylor Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Charles M & Joan Taylor Foundation Inc has awarded 121 individual grants totaling $11,062,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Taylor President/treasurer | 1 | $0 | |
Sarah Hopkins Vice President | 1 | $0 | |
Elizabeth Brown Vice President | 1 | $0 | |
Hanna Goss Secretary | 1 | $0 | |
Mary-Alice Michaels Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $225,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $532,805 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $505,655 |
| Capital Gain Net Income | $505,655 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,263,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $25,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,753 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,417 |
| Total operating and administrative expenses | $133,792 |
| Contributions, gifts, grants paid | $2,460,000 |
| Total expenses and disbursements | $2,593,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $255,136 |
| 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 | $9,697 |
| Total assets | $18,890,872 |
| Accounts payable and accrued expenses | $1,642 |
| 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 | $1,642 |
Grants Awarded
Over the last fiscal year, Charles M & Joan Taylor Foundation Inc has awarded $2,005,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
FRANCIS A ALLEN SCHOOL FOR EXCEPTIONAL CHILDREN PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $10,000 |
TIP OF THE MITT WATERSHED COUNCIL PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $50,000 |
CARE ELEMENTARY SCHOOL INC PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $225,000 |
ARKANSAS MUSEUM OF FINE ARTS PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION; | $60,000 |
THE CRUDEM FOUNDATION INC PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $50,000 |
CANINE COMPANIONS FOR INDEPENDENCE INC PURPOSE: TO SUPPORT THE ORGANIZATION'S CHARITABLE MISSION | $250,000 |