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Nonprofit · EIN 36-3486435

KATHLEEN & CHARLES WALGREEN III FOUNDATION

Tax-exempt · FRANKFORT, IL 60423

Financials

$292K$350K2023$415K$774K2024$361K$707K2025
Revenue Expenses · by fiscal year end
Financials of KATHLEEN & CHARLES WALGREEN III FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$360,974$707,055-$346,081$1,236,687$35,750$1,200,937
December 31, 2024990-PF$415,469$774,234-$358,765$1,542,817$2,950$1,539,867
December 31, 2023990-PF$291,825$349,675-$57,850$1,898,694$0$1,898,694
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$175,000
Dividends
$33,650
Net gain from sales of assets
$151,600
Other income
$724

Expenses

Grants and similar amounts paid
$681,850
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$687,018
Excise tax on investment income
$2,355

Balance sheet and other

Total assets, start of year
$1,542,817
Total assets, end of year
$1,236,687
Total liabilities, end of year
$35,750
Net assets, end of year
$1,200,937
Fair market value of assets
$1,487,679
Qualifying distributions
$687,018
Net investment income
$185,974

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
KATHLEEN B WALGREEN
FH ASSOC 20940 S FRANKFORT SQ RD, 1313 W 175TH STREET, FRANKFORT, IL 60423
PRESIDENT - PART TIME0$0
EDWARD H KING
FH ASSOC 20940 S FRANKFORT SQ RD, 1313 W 175TH STREET, FRANKFORT, IL 60423
SECRETARY- PART TIME0$0
PATRICIA DAMISCH
FH ASSOC 20940 S FRANKFORT SQ RD, FRANKFORT, IL 60423
TREASURER-PART TIME0$0
TAD WALGREEN
FH ASSOC 20940 S FRANKFORT SQ RD, FRANKFORT, IL 60423
TRUSTEE-PART TIME0$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
KATHLEEN B WALGREEN
FH ASSOC 20940 S FRANKFORT SQ RD, 1313 W 175TH STREET, FRANKFORT, IL 60423
PRESIDENT - PART TIME0$0
EDWARD H KING
FH ASSOC 20940 S FRANKFORT SQ RD, 1313 W 175TH STREET, FRANKFORT, IL 60423
SECRETARY- PART TIME0$0
PATRICIA DAMISCH
FH ASSOC 20940 S FRANKFORT SQ RD, FRANKFORT, IL 60423
TREASURER-PART TIME0$0
TAD WALGREEN
FH ASSOC 20940 S FRANKFORT SQ RD, FRANKFORT, IL 60423
TRUSTEE-PART TIME0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KATHLEEN B WALGREEN
FH ASSOC 20940 S FRANKFORT SQ RD, 1313 W 175TH STREET, FRANKFORT, IL 60423
PRESIDENT - PART TIME0$0
EDWARD H KING
FH ASSOC 20940 S FRANKFORT SQ RD, 1313 W 175TH STREET, FRANKFORT, IL 60423
SECRETARY- PART TIME0$0
PATRICIA DAMISCH
FH ASSOC 20940 S FRANKFORT SQ RD, FRANKFORT, IL 60423
TREASURER-PART TIME0$0
TAD WALGREEN
FH ASSOC 20940 S FRANKFORT SQ RD, FRANKFORT, IL 60423
TRUSTEE-PART TIME0$0

Address and contacts

Address (IRS master file)
FH ASSOC 20940 S FRANKFORT SQ RD, FRANKFORT, IL 60423-0000
In care of
% FRIEDMAN & HUEY ASSOCIATES L
Signed the 990-PF
KATHLEEN WALGREEN, OFFICER
Phone
(708) 799-6800
Return prepared by
FRIEDMAN & HUEY ASSOC LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
36-3486435
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
1987
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,236,687
Income (IRS master file)
$1,135,262

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$360,974$707,055$1,236,687IRS
990-PFDecember 2024$415,469$774,234$1,542,817IRS
990-PFDecember 2023$291,825$349,675$1,898,694XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––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 36-3486435).

Questions about KATHLEEN & CHARLES WALGREEN III FOUNDATION

What is the EIN of KATHLEEN & CHARLES WALGREEN III FOUNDATION?
The employer identification number (EIN) of KATHLEEN & CHARLES WALGREEN III FOUNDATION is 36-3486435.
Is KATHLEEN & CHARLES WALGREEN III FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to KATHLEEN & CHARLES WALGREEN III FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KATHLEEN & CHARLES WALGREEN III FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of KATHLEEN & CHARLES WALGREEN III FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KATHLEEN & CHARLES WALGREEN III FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of KATHLEEN & CHARLES WALGREEN III FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does KATHLEEN & CHARLES WALGREEN III FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $360,974, expenses of $707,055 and total assets of $1,236,687 at year end.

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