Ingredion Chariable Foundation
- Assets
- $554.0k
- Revenue
- $500.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Westchester, IL
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 80-0877126
Organization Overview
Ingredion Chariable Foundation is located in Westchester, IL. The organization was established in 2013. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Ingredion Chariable 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 12/2021, Ingredion Chariable Foundation generated $500.1k in total revenue. All expenses for the organization totaled $467.1k during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKES GRANTS TO PRESELECTED ORGANIZATIONS THAT QUALIFY AS PUBLIC CHARITIES UNDER IRC 501C3 AND IRC 501A TO SUPPORT CHARITABLE EDUCATIONAL AND OTHER EXEMPT ACTIVITIES CARRIED ON BY THESE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamed D Gray CFO | 0.1 | $0 | |
C Kevin Wilson Treasurer | 0.1 | $0 | |
Elizabeth Adefoiye Sr. VP Director | 0.1 | $0 | |
Janet M Bawcom Secretary | 0.1 | $0 | |
James P Zallie Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $121 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,514 |
| Total operating and administrative expenses | $2,514 |
| Contributions, gifts, grants paid | $464,566 |
| Total expenses and disbursements | $467,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,550 |
| Savings and temporary cash investments | $500,422 |
| 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 | $0 |
| Total assets | $553,972 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $85,332 |
| 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 | $85,332 |
Grants Awarded
Over the last fiscal year, Ingredion Chariable Foundation has awarded $18,280 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THREE ANGESL CHILDRENS RELIEF PURPOSE: ORPHAN YOUTH SERVICES | $4,000 |
THREE ANGESL CHILDRENS RELIEF PURPOSE: ORPHAN YOUTH SERVICES | $4,000 |
RUTGERS UNIVERSITY PURPOSE: EDUCAGTION AND SCHOLARSHIP | $2,500 |
RUTGERS UNIVERSITY PURPOSE: EDUCAGTION AND SCHOLARSHIP | $2,500 |
UC BERKELEY FOUNDATION PURPOSE: EDUCATION AND SCHOLARSHIP | $1,500 |
UC BERKELEY FOUNDATION PURPOSE: EDUCATION AND SCHOLARSHIP | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |