Caleel Foundation Inc
- Assets
- $2.1m
- Revenue
- $209.4k
- Investments
- $2.1m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-0796134
Organization Overview
Caleel Foundation Inc is located in Oak Brook, IL. The organization was established in 2019. 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. Caleel 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, Caleel Foundation Inc generated $209.4k 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 (8.1%) each year. All expenses for the organization totaled $278.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Caleel Foundation Inc has awarded 104 individual grants totaling $549,610. 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 |
|---|---|---|---|
George Sarkis Caleel President | 2 | $65,500 | |
Rebecca Caleel Secretary/treasurer | 2 | $27,000 | |
Tamer Caleel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $900 |
| Dividends & Interest | $28,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,140 |
| Capital Gain Net Income | $160,140 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,860 |
| Total Revenue | $209,367 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,500 |
| 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 | $8,942 |
| Total operating and administrative expenses | $158,264 |
| Contributions, gifts, grants paid | $120,250 |
| Total expenses and disbursements | $278,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,457 |
| 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 | $302,150 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,149,729 |
| 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, Caleel Foundation Inc has awarded $120,250 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE CHICAGOLAND WEST PURPOSE: FUND OPERATIONS OF THE ORGANIZATION | $500 |
BAPS SWAMINARAYAN SANSTHA PURPOSE: FUND OPERATIONS OF THE ORGANIZATION | $1,500 |
BOYS & GIRLS CLUBS OF THE MISSISSIPPI VALLEY PURPOSE: FUND OPERATIONS OF THE ORGANIZATION | $35,000 |
CHS MUSIC PURPOSE: FUND OPERATIONS OF THE ORGANIZATION | $1,000 |
EVANS SCHOLARS FOUNDATION PURPOSE: FUND OPERATIONS OF THE ORGANIZATION | $50,000 |
FENWICK HIGH SCHOOL PURPOSE: FUND OPERATIONS OF THE ORGANIZATION | $6,750 |