Nonprofit · EIN 36-3235540
COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY
Tax-exempt · KANKAKEE, IL 60901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,564,708 | $1,017,028 | $547,680 | $11,213,239 | $39,916 | $11,173,323 |
| December 31, 2023 | 990 | $851,074 | $1,005,060 | -$153,986 | $10,302,701 | $1,777 | $10,300,924 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $617,080
- of which government grants
- $290,980
- Program service revenue
- $0
- Investment income
- $926,345
- Net gain from sales of assets
- $602,142
- Other revenue
- $21,283
Expenses
- Grants and similar amounts paid
- $333,257
- Other salaries and wages
- $352,598
- Salaries, compensation and benefits (total)
- $379,920
- Professional fundraising fees
- $0
- Accounting fees
- $18,435
- Occupancy
- $45,424
- Travel
- $3,702
- Depreciation
- $3,799
- Program services (functional)
- $510,705
- Management and general (functional)
- $506,323
Balance sheet and other
- Total assets, start of year
- $10,302,701
- Total assets, end of year
- $11,213,239
- Total liabilities, end of year
- $39,916
- Net assets, end of year
- $11,173,323
- Land, buildings and equipment
- $6,584
- Publicly traded securities
- $10,543,812
- Net assets without donor restrictions
- $508,299
- Net assets with donor restrictions
- $10,665,024
- Gross receipts
- $6,290,700
- Employees
- 10
- Volunteers
- 13
- Year formed
- 1982
- State of legal domicile
- IL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK ALLEN | TRUSTEE Trustee or director | 1 | $0 |
| ALICE ARGYELAN | TRUSTEE Trustee or director | 1 | $0 |
| ARLENE BARTOLINI | TRUSTEE Trustee or director | 1 | $0 |
| NICK BUFFORD | SECRETARY Trustee or director | 1 | $0 |
| NINA EPSTEIN | TRUSTEE Trustee or director | 1 | $0 |
| WALTER HASSELBRING | TRUSTEE Trustee or director | 1 | $0 |
| BEVERLY HOOD | TREASURER Trustee or director | 1 | $0 |
| RENDE LANGLOIS JR | TRUSTEE Trustee or director | 1 | $0 |
| JACOB LEE | CHAIR Trustee or director | 1 | $0 |
| ANGELA MORREY | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL PUESCHELL | TRUSTEE Trustee or director | 1 | $0 |
| KERSTIN RUST | TRUSTEE Trustee or director | 1 | $0 |
| NICOLE SMOLKOVICH | ECEXUTIVE DI Trustee or director | 40 | $0 |
| JEFF WILLIAMSON | PAST CHAIR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK ALLEN | TRUSTEE Trustee or director | 1 | $0 |
| ALICE ARGYELAN | TRUSTEE Trustee or director | 1 | $0 |
| ARLENE BARTOLINI | TRUSTEE Trustee or director | 1 | $0 |
| NICK BUFFORD | SECRETARY Trustee or director | 1 | $0 |
| NINA EPSTEIN | TRUSTEE Trustee or director | 1 | $0 |
| WALTER HASSELBRING | TRUSTEE Trustee or director | 1 | $0 |
| BEVERLY HOOD | TREASURER Trustee or director | 1 | $0 |
| RENDE LANGLOIS JR | TRUSTEE Trustee or director | 1 | $0 |
| JACOB LEE | CHAIR Trustee or director | 1 | $0 |
| ANGELA MORREY | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL PUESCHELL | TRUSTEE Trustee or director | 1 | $0 |
| KERSTIN RUST | TRUSTEE Trustee or director | 1 | $0 |
| NICOLE SMOLKOVICH | ECEXUTIVE DI Trustee or director | 40 | $0 |
| JEFF WILLIAMSON | PAST CHAIR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 72, KANKAKEE, IL 60901-0072
- Principal officer (990 for 2024)
- JACOB LEE
- Signed the 990
- JACOB LEE, CHAIR
- Phone
- (815) 939-1611
- Website
- CFKRV.ORG
- Return prepared by
- RUSSELL LEIGH & ASSOCIATES
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
Program accomplishments
- TO PROVIDE ASSISTANCE IN MEETING THE PURPOSE OF THE COMMUNITY FOUNDATION FOR THE BENEFIR OF THE INHABITANTS OF KANKAKEE COUNTY.
- DURING THE FOUNDATION RAISED SUPPORT ITS MISSION AND AWARDED GRANTS TO ORGANIZATIONS AND INDIVIDUALS FOR VARIOUS PURPOSES RELATED TO THE FOUNDATION'S PROGRAMS.Expenses $510,705 · grants $333,257
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3235540
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $11,213,239
- Income (IRS master file)
- $6,290,700
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,564,708 | $1,017,028 | $11,213,239 | XML |
| 990 | December 2023 | $851,074 | $1,005,060 | $10,302,701 | XML |
| 990 | December 2022 | $1,122,738 | $1,131,071 | $9,261,446 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 36-3235540).
Questions about COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY
- What is the EIN of COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY?
- The employer identification number (EIN) of COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY is 36-3235540.
- Is COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY?
- The 990 for the year ended December 31, 2024 names JACOB LEE.
- Who are the officers and directors of COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY FOUNDATION OF KANKAKEE RIVER VALLEY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,564,708, expenses of $1,017,028 and total assets of $11,213,239 at year end.
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