Community Foundation Of Will County
- Assets
- $8.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2006
- Data as of
- 09/2022
- EIN
- 76-0821144
Organization Overview
Community Foundation Of Will County is located in Chicago, IL. The organization was established in 2006. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Will County 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 09/2022, Community Foundation Of Will County generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $1.0m during the year ending 09/2022. While expenses have increased by 14.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Community Foundation Of Will County has awarded 83 individual grants totaling $1,562,293. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COMMUNITY FOUNDATION OF WILL COUNTY, ADOPTED IN 2013, IS TO PROMOTE PHILANTHROPY, CONNECT DONORS TO COMMUNITY NEEDS, AND BUILD PARTNERSHIPS TO IMPROVE THE QUALITY OF LIFE IN THE REGION, IN SUPPORT OF THE CHICAGO COMMUNITY TRUST AND THE CHICAGO COMMUNITY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION OF WILL COUNTY IS A PHILANTHROPIC GRANTMAKING ORGANIZATION THAT SUPPORTS THE MISSION OF THE CHICAGO COMMUNITY TRUST AND THE CHICAGO COMMUNITY FOUNDATION THROUGH GRANTING FUNDS TO CHARITABLE ORGANIZATIONS WITHIN A DESIGNATED CLASS OR PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian Spesia Board Chair & Director (as Of 01/22) | OfficerTrustee | 2 | $0 |
Brian Murphy Board Treasurer & Director | OfficerTrustee | 1 | $0 |
Peter Colarelli Board Secretary & Director | OfficerTrustee | 1 | $0 |
Kathy Cawley Board Vice Chair & Director | OfficerTrustee | 1 | $0 |
Edna Brass Director | Trustee | 1 | $0 |
Dr Nadia Carpanzano Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,215 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,220,704 |
| Noncash contributions included in lines 1a–1f | $1,204,863 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,341,919 |
| Total Program Service Revenue | $0 |
| Investment income | $130,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,507 |
| Net Income from Fundraising Events | -$2,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,556,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $858,115 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $75,162 |
| Fees for services: Legal | $2,122 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,172 |
| Fees for services: Other | $2,156 |
| Advertising and promotion | $2,054 |
| Office expenses | $2,992 |
| Information technology | $11,358 |
| Royalties | $0 |
| Occupancy | $6,420 |
| Travel | $1,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $723 |
| Total functional expenses | $1,007,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,623 |
| Savings and temporary cash investments | $346,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,349,027 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,084,543 |
| Accounts payable and accrued expenses | $48,054 |
| Grants payable | $130,899 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $294,954 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $473,907 |
| Net assets without donor restrictions | $7,610,636 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,084,543 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Will County has awarded $794,222 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
GOVERNORS STATE UNIVERSITY FOUNDATION PURPOSE: In support of the Paraprofessional to Early Childhood Educator Program (EDE), Career Pathways Program & Manufacturing Automation Upskilling Program. | $129,800 |
LEWIS UNIVERSITY PURPOSE: General operating support & support of the Healthcare Workers Pathways Program. | $107,707 |
WORKFORCE SERVICES DIVISION OF WILL COUNTY PURPOSE: In support of the Pathways to Professions Expo. | $63,308 |
NORTHERN ILLINOIS FOOD BANK PURPOSE: General operating support | $50,800 |
MORNING STAR MISSION MINISTRIES PURPOSE: General operating support | $50,000 |
THE SALVATION ARMY PURPOSE: General operating support for the Joliet Salvation Army | $50,500 |