COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY

EIN: 363235540 501(c)(3) Philanthropy & Grantmaking

KANKAKEE, IL

Total Revenue
$1,564,708
Total Expenses
$1,017,028
Total Assets
$11,213,239
Net Assets
$11,173,323
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IL
Principal Officer
JACOB LEE
Phone
8159391611
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY, founded in 1982, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $548K, a strong 35% operating margin.

Mission

TO ENCOURAGE AND RECEIVE GIFTS OF MONEY AND PROPERTY FROM DONORS AND TO APPLY SUCH GIFTS AND THE PROCEEDS THEREOF AS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS FOR THE PRIMARY BENEFIT OF THE INHABITANTS OF KANKAKEE COUNTY

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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 (2024)

Revenue Breakdown

Contributions & Grants $617,080
Program Service Revenue $0
Investment Income $926,345
Other Revenue $21,283
TOTAL REVENUE $1,564,708

Expense Breakdown

Grants Paid $333,257
Salaries & Benefits $379,920
Fundraising Expenses $0
Program Expenses $510,705
Other Expenses $303,851
TOTAL EXPENSES $1,017,028

Year-over-Year Comparison

2024 2023 Change
Revenue $1,564,708 $851,074 +0.8%
Expenses $1,017,028 $1,005,060 +0.0%
Net Income $547,680 $-153,986 -4.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
10
Volunteers
13

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
0
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK ALLEN TRUSTEE 1.00
Director
$0 $0 $0
ALICE ARGYELAN TRUSTEE 1.00
Director
$0 $0 $0
ARLENE BARTOLINI TRUSTEE 1.00
Director
$0 $0 $0
NICK BUFFORD SECRETARY 1.00
Director
$0 $0 $0
NINA EPSTEIN TRUSTEE 1.00
Director
$0 $0 $0
WALTER HASSELBRING TRUSTEE 1.00
Director
$0 $0 $0
BEVERLY HOOD TREASURER 1.00
Director
$0 $0 $0
RENDE LANGLOIS JR TRUSTEE 1.00
Director
$0 $0 $0
JACOB LEE CHAIR 1.00
Director
$0 $0 $0
ANGELA MORREY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL PUESCHELL TRUSTEE 1.00
Director
$0 $0 $0
KERSTIN RUST TRUSTEE 1.00
Director
$0 $0 $0
NICOLE SMOLKOVICH ECEXUTIVE DI 40.00
Director
$0 $0 $0
JEFF WILLIAMSON PAST CHAIR 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
2024 $1,564,708 $1,017,028 $11,213,239 $547,680
2023 $851,074 $1,005,060 $10,302,701 $-153,986
2022 $1,122,738 $1,131,071 $9,261,446 $-8,333
2021 $1,435,640 $924,491 $11,036,825 $511,149
2021 $1,435,640 $924,491 $11,036,825 $511,149
2020 $1,351,298 $1,641,788 $10,391,484 $-290,490
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