Kaneland Foundation EIN 36-3531954 Form 990 (PDF) Claim this org

Kaneland Foundation

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Supports school facilities, services, and scholarships for students, staff, and the community. For fiscal year 2025 it reported $18K in revenue, $48K in expenses, and $82K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Maple Park, IL
Website
kanelandfoundation.org
Filings
5 on file (2021–2025)
Revenue
$18KFY2025
Expenses
$48K
Net assets
$82K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3531954 Public charity (501(c)(3)) Maple Park, IL
Form 990 (PDF)
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Size
<$100K
What they do
Supports school facilities, services, and scholarships for students, staff, and the community.
Leadership
Rebecca Greenlee · Past Executive Director · $20K
Money in and out
$18K revenue, $48K expenses
Bottom line
44% program efficiency
Where the money goes · FY2025
Total revenue
$18K
Pt VIII · Ln 12
Total expenses
$48K
Pt IX · Ln 25
Net assets
$82K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$29K
Where spending went · Part IX cols B–D
Program services $0.44 Management & general $0.56
Program efficiency
44%
of spending reaches programs▲ +140% vs prior filing year
Operating runway
20.8mo
months of highly liquid reserves at operating expense rate▲ +197% vs prior filing year
Surplus margin
-160%
revenue over expenses, this year▼ -10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$18K
FY2025▼ -77%
Expenses
$48K
FY2025▼ -75%
Total assets
$82K
FY2025▼ -26%
Total liabilities
$0
FY2025
Total revenue
$18K
Pt VIII · Ln 12
Total expenses
$48K
Pt IX · Ln 25
Net assets
$82K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$29K
Total assetsPt X · Ln 16$82K
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKaneland Foundation
EINHdr · item D36-3531954
Principal addressHdr · item CMaple Park, IL
WebsiteHdr · item Jkanelandfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Past Executive Director
$20,225Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Rebecca Greenlee$20,225$132,407

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $16K of program spending, described in the organization's own filed words · FY2024.
01

Foundation Scholarship Program for Kaneland High School students. This is an ongoing program for Kaneland High School seniors who are continuing their education after graduation. Students must apply for available scholarships maintained by the Foundation.

$8Kprogram expense
02

The Kaneland Foundation and Kaneland Arts Initiative (KAI) partner to present quality artistic media. Funds are used to expose students and community members to a variety of artists that live and work in the area.

$7Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$11K · 58%
Investment income$5K · 28%
Contributions & grants$2K · 10%
Other revenue$735 · 4%
Program service revenue58%$11K
Investment income28%$5K
Contributions & grants10%$2K
Other revenue4%$735
Total revenueLn 12$18K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.56
Program services44%$21K
Management & general56%$27K
Total functional expensesLn 25$48K

Balance Sheet

Part X · end of year
CashLn 1$82K
Total assetsLn 16$82K
Total liabilitiesLn 26$0
Total net assetsLn 32$82K
Months of cash on handcomputed20.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $82K · Operating expenses/yr $48K
20.8 months
Where the money goes
Program services
Program services $21K · Total expenses $48K
44%
Management & General
Management & general $27K · Total expenses $48K
56%
Fundraising
Fundraising $0 · Total expenses $48K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $16K
$0.46 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $18K
10%
Government reliance
Government grants $0 · Total revenue $18K
0%
Earned-income share
Program service revenue $11K · Total revenue $18K
58%
Investment reliance
Investment income $5K · Total revenue $18K
+28%
Program self-sufficiency
Program service revenue $11K · Total expenses $48K
22%
Growth & trend
Revenue growth (YoY)
This year $18K · Prior year $78K
-77%
Revenue CAGR
FY2020 $101K · FY2024 $18K
-35%
Net-asset trend (YoY)
End of year $82K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $18K · Expenses $48K
-160%
Liabilities-to-Assets
Total liabilities — · Total assets $82K
Net-asset ratio
Net assets $82K · Total assets $82K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $82K
0%
People & payroll
Highest Reported Total Compensation
Individual Rebecca Greenlee · Reported title Past Executive Director · Highest reported compensation $20K · Total expenses $48K
43%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $20K · Total expenses $48K
43%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 44%
Overhead ratio 56%
Fundraising cost ratio 0%
Revenue growth -77%
Investment management fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$619
Grants paid · 2 grants · $18K · 2023–2024
Unitemized GrantFY2024$9,000
Unitemized GrantFY2023$9,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$18K revenue · viewing · ⤓ 990 PDF
FY2024$78K revenue · ⤓ 990 PDF
FY2023$116K revenue · ⤓ 990 PDF
FY2022$46K revenue · ⤓ 990 PDF
FY2021$101K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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