EIN 37-1216128

Cline-Lofftus Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
1988
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Cline-Lofftus Foundation is a private foundation located in Monmouth, IL that primarily funds educational initiatives. The organization's purpose is to hold title to property, collect income therefrom, and turn it over to grantees such as College Of The Ozarks and others. The foundation made 13 grants last year.
Total revenues
$36,603
2023
Total expenses
$206,941
2023
Total assets
$775,331
2023
Num. employees
0
2023

Program areas at Cline-Lofftus Foundation

The organization is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount less expenses to exempt organizations. The individual line item allows the organization the ability to determine the timing and amount of the individual grants in order to facilitate the maximum benefit from limited funds. Additionally, this allows the trustees time to reconsider all requests as to appropriateness and urgency.

Grants made by Cline-Lofftus Foundation

GranteeGrant descriptionAmount
College of the OzarksEducational$42,500
Monmouth CollegeEducational$19,500
Stephens CollegeEducational$6,000
...and 2 more grants made

Personnel at Cline-Lofftus Foundation

NameTitleCompensation
William R PillmanPresident$0

Financials for Cline-Lofftus Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$10,451
Net rental income$55,125
Net gain from sale of non-inventory assets$-29,495
Gross sales of inventory$0
Miscellaneous revenues$522
Total revenues$36,603

Form 990s for Cline-Lofftus Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-06990PFView PDF
2022-122023-04-18990PFView PDF
2021-122022-05-18990PFView PDF
2020-122021-07-20990PFView PDF
2019-122020-08-27990PRView PDF
...and 8 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 15, 2023
Posted financials
Added Form 990PF for fiscal year 2022
October 13, 2021
Posted financials
Added Form 990PF for fiscal year 2020
September 29, 2021
Updated personnel
Identified 4 new personnel
September 28, 2021
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
Address
1921 W Altorfer Dr
Peoria, IL 61615
Metro area
Peoria, IL
County
Peoria County, IL
Phone
(309) 734-3193
IRS details
EIN
37-1216128
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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