Nonprofit · EIN 20-4310219
CRAIN-MALING FOUNDATION
Tax-exempt · LAKE FOREST, IL 60045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $2,740,183 | $2,577,873 | $162,310 | $32,656,448 | $518,320 | $32,138,128 |
| October 31, 2024 | 990-PF | $2,399,864 | $2,864,599 | -$464,735 | $32,679,324 | $576,633 | $32,102,691 |
| October 31, 2023 | 990-PF | -$3,628,283 | $2,802,488 | -$6,430,771 | $33,176,772 | $540,722 | $32,636,050 |
| October 31, 2021 | 990-PF | $2,552,444 | $2,537,194 | $15,250 | $40,668,738 | $530,113 | $40,138,625 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Dividends
- $1,735,783
- Interest
- $1,869
- Net gain from sales of assets
- $782,428
- Other income
- $220,103
Expenses
- Grants and similar amounts paid
- $1,224,500
- Compensation of officers, directors and key employees
- $676,039
- Disbursements for charitable purposes
- $2,198,222
- Excise tax on investment income
- $20,515
Balance sheet and other
- Total assets, start of year
- $32,679,324
- Total assets, end of year
- $32,656,448
- Total liabilities, end of year
- $518,320
- Net assets, end of year
- $32,138,128
- Fair market value of assets
- $35,303,464
- Qualifying distributions
- $2,198,222
- Net investment income
- $2,538,468
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL S MALING 951 MT VERNON AVENUE, LAKE FOREST, IL 60045 | CHAIRPERSON, CEO & DIRECTOR | 40 | $410,141 | $153,570 |
| ELISE WILLIAMS 1760 GEORGE COURT, GLENVIEW, IL 60025 | CO-PRESIDENT, TREASURER & DIRECTOR | 40 | $132,949 | $47,698 |
| MARISSA IANCU 8500 KEELER AVE, SKOKIE, IL 60076 | CO-PRESIDENT, SECRETARY & DIRECTOR | 40 | $132,949 | $141,678 |
990-PF for the year ended October 31, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL S MALING 951 MT VERNON AVENUE, LAKE FOREST, IL 60045 | CHAIRPERSON, CEO & DIRECTOR | 40 | $386,925 | $168,136 |
| ELISE WILLIAMS 1760 GEORGE COURT, GLENVIEW, IL 60025 | CO-PRESIDENT, TREASURER & DIRECTOR | 40 | $125,424 | $52,222 |
| MARISSA IANCU 8500 KEELER AVE, SKOKIE, IL 60076 | CO-PRESIDENT, SECRETARY & DIRECTOR | 40 | $125,424 | $155,117 |
990-PF for the year ended October 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL S MALING 951 MT VERNON AVENUE, LAKE FOREST, IL 60045 | CHAIRPERSON, CEO & DIRECTOR | 40 | $362,083 | $129,280 |
| ELISE WILLIAMS 1760 GEORGE COURT, GLENVIEW, IL 60025 | CO-PRESIDENT, TREASURER & DIRECTOR | 40 | $117,283 | $34,413 |
| MARISSA IANCU 8500 KEELER AVE, SKOKIE, IL 60076 | CO-PRESIDENT, SECRETARY & DIRECTOR | 40 | $117,283 | $155,989 |
990-PF for the year ended October 31, 2021: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL S MALING 951 MT VERNON AVENUE, LAKE FOREST, IL 60045 | CHAIRPERSON, CEO & DIRECTOR | 40 | $300,729 | $55,188 |
| BEATRICE CRAIN 505 N LAKE SHORE DRIVE 1105, CHICAGO, IL 60611 | DIRECTOR - DECEASED | 40 | $171,050 | $34,718 |
| MARISSA IANCU 9010 N TENNYSON DRIVE, MILWAUKEE, WI 53217 | CO-PRESIDENT, SECRETARY & DIRECTOR | 40 | $77,044 | $44,273 |
| ELISE WILLIAMS 1760 GEORGE COURT, GLENVIEW, IL 60025 | CO-PRESIDENT, TREASURER & DIRECTOR | 40 | $76,177 | $20,710 |
| COLLEEN HEIN 3340 DEERFIELD RD, RIVERWOODS, IL 60015 | OFFICE ADMINISTRATOR Highest-paid employee | 40 | $43,333 | $11,987 |
Address and contacts
- Address (IRS master file)
- 951 MOUNT VERNON AVE, LAKE FOREST, IL 60045-2767
- In care of
- % BEATRICE G CRAIN
- Signed the 990-PF
- ELISE WILLIAMS, CO-PRESIDENT & TREASURER
- Phone
- (847) 917-0855
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-4310219
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2006
- Accounting year ends
- October
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $32,656,448
- Income (IRS master file)
- $21,027,155
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $2,740,183 | $2,577,873 | $32,656,448 | XML |
| 990-T | October 2025 | – | – | – | IRS |
| 990-PF | October 2024 | $2,399,864 | $2,864,599 | $32,679,324 | XML |
| 990-T | October 2024 | – | – | – | IRS |
| 990-PF | October 2023 | -$3,628,283 | $2,802,488 | $33,176,772 | XML |
| 990-T | October 2023 | – | – | – | IRS |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-T | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | $2,552,444 | $2,537,194 | $40,668,738 | XML |
| 990-T | October 2021 | – | – | – | IRS |
| 990-PF | October 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CRAIN-MALING FOUNDATION
- What is the EIN of CRAIN-MALING FOUNDATION?
- The employer identification number (EIN) of CRAIN-MALING FOUNDATION is 20-4310219.
- Is CRAIN-MALING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CRAIN-MALING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CRAIN-MALING FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CRAIN-MALING FOUNDATION due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CRAIN-MALING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of CRAIN-MALING FOUNDATION?
- The 990-PF for the year ended October 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $410,141 (MICHAEL S MALING, CHAIRPERSON, CEO & DIRECTOR).
- How much revenue does CRAIN-MALING FOUNDATION have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $2,740,183, expenses of $2,577,873 and total assets of $32,656,448 at year end.
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