The Sevan Charitable Foundation Inc
- Assets
- $239.6k
- Revenue
- $103.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Downers Grove, IL
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-3400508
Organization Overview
The Sevan Charitable Foundation Inc is located in Downers Grove, IL. The organization was established in 2018. 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. Sevan Charitable 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 12/2022, Sevan Charitable Foundation Inc generated $103.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $266.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sevan Charitable Foundation Inc has awarded 205 individual grants totaling $922,929. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Evans Chair/director | 1 | $0 | |
Stephen M Kuhn Vice Chair/director | 2 | $0 | |
William Havrilka Director | 1 | $0 | |
Michelle M Kretz Secretary | 1 | $0 | |
Aaron Becker Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $86,193 |
| Interest on Savings | $0 |
| 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 | $17,020 |
| Total Revenue | $103,213 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $266,509 |
| Total expenses and disbursements | $266,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,576 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $239,576 |
| 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, The Sevan Charitable Foundation Inc has awarded $266,509 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS SERVICES FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $150 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATING SUPPORT | $208 |
AMERICAN NATIONAL RED CROSS PURPOSE: GENERAL OPERATING SUPPORT | $250 |
ANIMAL ADVOCATES PURPOSE: GENERAL OPERATING SUPPORT | $50 |
BALFOUR BEATTY COMMUNITIES FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BUSINESS EXECUTIVES FOR NATIONAL SECURITY PURPOSE: GENERAL OPERATING SUPPORT | $38,000 |