KANELAND FOUNDATION

EIN: 363531954 501(c)(3)

Maple Park, IL

Total Revenue
$77,942
Total Expenses
$191,388
Total Assets
$111,556
Net Assets
$111,556
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IL
Principal Officer
Jackie Bogan
Phone
6303654125
Tax Period
2023-07-01 to 2024-06-30

KANELAND FOUNDATION, founded in 1987, is a micro nonprofit that reported $78K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $191K exceeded revenue, resulting in a 146% operating deficit.

Mission

Our mission is to support academic excellence through innovation.

Program Service Accomplishments

Program 1
Expenses: $19,359 Revenue: $19,439

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...

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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. KAI awarded two (2) $750.00 scholarships to Kaneland students who are involved in the arts programs.

Program 2
Expenses: $7,500 Revenue: $2,000

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...

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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. One awarded, the scholarship checks are issued to the student and the educational institution they will be attending. There were five (5) scholarships awarded this year.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,791
Program Service Revenue $10,939
Investment Income $6,847
Other Revenue $48,365
TOTAL REVENUE $77,942

Expense Breakdown

Grants Paid $16,972
Salaries & Benefits $132,407
Fundraising Expenses $6,728
Program Expenses $34,831
Other Expenses $42,009
TOTAL EXPENSES $191,388

Year-over-Year Comparison

2023 2022 Change
Revenue $77,942 $116,056 -0.3%
Expenses $191,388 $173,409 +0.1%
Net Income $-113,446 $-57,353 +1.0%
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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
3

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
5
$0
Key Employees
1
$132,407
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rebecca Greenlee Executive Director 40
Key Emp Highest
$132,407 $0 $132,407
Stacey Puett Director 1
Director
$0 $0 $0
Michele Simms Director 10
Director
$0 $0 $0
Katie Wood Director 1
Director
$0 $0 $0
Vanessa Wiskerchen Director 1
Director
$0 $0 $0
Todd Leden Ex Officio 1
Director
$0 $0 $0
Judy Van Bogaert Secretary 2
Officer
$0 $0 $0
Jackie Bogan Treasurer 1
Officer
$0 $0 $0
Stephanie Butler President 1
Officer
$0 $0 $0
Jamie Faiza Vice President 1
Officer
$0 $0 $0
Grant Mackall Secretary 1
$0 $0 $0
Julie-Ann Fuchs Treasurer 1
$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
2025 No data No data No data No data
2024 $77,942 $191,388 $111,556 $-113,446
2023 $116,056 $173,409 $225,002 $-57,353
2022 $45,541 $138,349 $282,355 $-92,808
2021 $100,554 $87,875 $375,163 $12,679
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