Foundations of East Chicago Inc
Foundations of East Chicago Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EAST CHICAGO, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $40.5M in total assets. In 2024, it awarded 1 grants totaling $1.5M. Net investment income was $1.6M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$40.5M
+11.4% YoY
Annual Giving
$1.5M
+40.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.5M
+40.1% YoY
About Foundations of East Chicago Inc
Based on IRS filings
Foundations of East Chicago Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EAST CHICAGO, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $40.5M in total assets. In 2024, it awarded 1 grants totaling $1.5M. Net investment income was $1.6M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $40,454,384 | $36,326,093 | $32,049,385 |
| Revenue | $4,832,596 | $4,202,578 | $4,312,493 |
| Expenses | $3,078,148 | $2,827,992 | $3,443,866 |
| Qualifying Distributions | $2,054,607 | $1,877,636 | $2,552,822 |
| Net Investment Income | $1,634,460 | $846,615 | $694,370 |
| Distributable Amount | $663,911 | $172,067 | $231,204 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Open Grants
2 open opportunities from Foundations of East Chicago Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| George Weems | PRESIDENT | 4 | $36,000 |
| Joseph Verduzco | TREASURER | 3 | $18,000 |
| Nadyne Kokot | VICE PRESIDENT | 3 | $18,000 |
| Thomas Johnson | SECRETARY | 3 | $18,000 |
| Maria Vargas | DIRECTOR | 3 | $18,000 |
| Richard Peterson | DIRECTOR | 3 | $18,000 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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