FOUNDATION FOR ILLINOIS COLONIAL AND AMERICAN STUDIES

EIN: 834219582 501(c)(3) Philanthropy & Grantmaking

MT AUBURN, IL

Total Revenue
$15,056
Total Expenses
$94,442
Total Assets
$484,729
Net Assets
$484,729
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IL
Principal Officer
LAWRIE DEAN
Phone
2174338245
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR ILLINOIS COLONIAL AND AMERICAN STUDIES, founded in 2019, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $15K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 527% operating deficit.

Mission

PRESERVING THE LEGACY OF COLONIAL AND EARLY AMERICAN SETTLEMENT IN THE ILLINOIS COUNTRY.

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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 $0
Program Service Revenue $3,830
Investment Income $11,226
Other Revenue $0
TOTAL REVENUE $15,056

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,560
Fundraising Expenses $0
Program Expenses $33,285
Other Expenses $26,882
TOTAL EXPENSES $94,442

Year-over-Year Comparison

2023 2022 Change
Revenue $15,056 $627,594 -1.0%
Expenses $94,442 $99,424 -0.1%
Net Income $-79,386 $528,170 -1.2%
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
5
Independent Members
3
Employees
1
Volunteers
4

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
3
$64,500
Total Directors
6
$64,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRIE DEAN PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT MAZRIM EXECUTIVE DIRECTOR 20.00
Officer Director
$63,000 $0 $63,000
CURTIS MANN SECRETARY/TREASURER 10.00
Officer Director
$1,500 $0 $1,500
MARGARET BROWN MEMBER 1.00
Director
$0 $0 $0
STEPHANIE MARTIN MEMBER 1.00
Director
$0 $0 $0
CORRINE CARLSON MEMBER (THRU 3/1/23) 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
2023 $15,056 $94,442 $484,729 $-79,386
2022 $627,594 $99,424 $556,978 $528,170
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