Will B Foundation Inc

EIN: 274331248 501(c)(3) Philanthropy & Grantmaking

Wheaton, IL

Total Revenue
$113,533
Total Expenses
$106,230
Total Assets
$36,792
Net Assets
$36,792
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
IL
Phone
8478711100
Tax Period
2019-01-01 to 2019-12-31

Will B Foundation Inc, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $114K in total revenue in fiscal year 2019. Expenses of $106K left a modest 6% surplus.

Mission

To contribute money for the research and development of therapies to help improve the lives of those with CP, like Will, with the ultimate goal of a cure.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $152,160
Program Service Revenue $0
Investment Income $0
Other Revenue $-38,627
TOTAL REVENUE $113,533

Expense Breakdown

Grants Paid $105,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,000
Other Expenses $1,230
TOTAL EXPENSES $106,230

Year-over-Year Comparison

2019 2018 Change
Revenue $113,533 N/A N/A
Expenses $106,230 N/A N/A
Net Income $7,303 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
23

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adrian Belmonte President 5.00
Officer Director
$0 $0 $0
Scott Marquardt Vice President 1.00
Officer Director
$0 $0 $0
Teresa Belmonte Secretary 1.00
Officer Director
$0 $0 $0
Timothy Callahan Treasurer 1.00
Officer Director
$0 $0 $0
N/A Executive Board Member 1.00
$0 $0 $0
William T Belmonte Executive Board Member 1.00
Director
$0 $0 $0
William E Belmonte Executive Board Member 1.00
Director
$0 $0 $0
Joseph Storto Executive Board Member 1.00
Director
$0 $0 $0
Kathleen Vangel-Hocuk Executive Board Member 1.00
Director
$0 $0 $0
Joseph Belmonte Executive Board Member 1.00
Director
$0 $0 $0
Maryanna Callas Executive Board Member 1.00
Director
$0 $0 $0
Theresa Cerami Board Member 1.00
Director
$0 $0 $0
Vito Ferrara Executive Board Member 1.00
Director
$0 $0 $0
Michael Kulisz Board Member 1.00
Director
$0 $0 $0
Angie Palazzolo Board Member 1.00
Director
$0 $0 $0
Alexis Belmonte Board Member 1.00
Director
$0 $0 $0
Julie Mackey Board Member 1.00
Director
$0 $0 $0
Gizep Battista Board Member 1.00
Director
$0 $0 $0
Gina Gattuso Board Member 1.00
Director
$0 $0 $0
Christy Michals Board Member 1.00
Director
$0 $0 $0
Fran Troesken Board Member 1.00
Director
$0 $0 $0
Chris Troiola Board Member 1.00
Director
$0 $0 $0
Maria Troiola Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $113,533 $106,230 $36,792 $7,303
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