Civic Intelligence

The Kalo Foundation of Park Ridge

EIN 45-0547664 • 501(c)3 • Park Ridge, IL

Profile

Dedicated to preserving the rich artistic legacy of the city of park ridge, illinois through education, advocacy, and preservation, as well as promoting the arts and crafts as an integral part of our modern lives.

255 N Northwest HwyPark Ridge, IL 60068

kalofoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

21st percentile

-11%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

45th percentile

1.7%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

12th percentile

-27%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,851,570

Up $31,348 (+1.7%) from 2024

Liabilities

Down

$75

Down $94 (-56%) from 2024

Net Assets

Up

$1,851,495

Up $31,442 (+1.7%) from 2024

Revenue

Down

$112,667

Down $41,808 (-27%) from 2024

Expenses

Up

$124,734

Up $45,264 (+57%) from 2024

Net Income

Down

-$12,067

Down $87,072 (-116%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $368,699Liabilities 2012: $1,052Net Assets 2012: $367,6472012Assets 2013: $473,900Liabilities 2013: $02013Assets 2014: $495,997Liabilities 2014: $02014Assets 2015: $463,607Liabilities 2015: $02015Assets 2016: $514,584Liabilities 2016: $0Net Assets 2016: $514,5842016Assets 2017: $538,412Liabilities 2017: $0Net Assets 2017: $538,4122017Assets 2018: $557,729Liabilities 2018: $0Net Assets 2018: $557,7292018Assets 2019: $835,942Liabilities 2019: $0Net Assets 2019: $835,9422019Assets 2020: $1,564,291Liabilities 2020: $18Net Assets 2020: $1,564,2732020Assets 2021: $1,740,776Liabilities 2021: $0Net Assets 2021: $1,740,7762021Assets 2022: $1,673,162Liabilities 2022: $37Net Assets 2022: $1,673,1252022Assets 2023: $1,683,846Liabilities 2023: $47Net Assets 2023: $1,683,7992023Assets 2024: $1,820,222Liabilities 2024: $169Net Assets 2024: $1,820,0532024Assets 2025: $1,851,570Liabilities 2025: $75Net Assets 2025: $1,851,4952025

Highlighted filing

2025

Assets$1,851,570
Liabilities$75
Net Assets$1,851,495

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $0Expenses 2012: $52,957Net Income 2012: -$52,9572012Revenue 2013: $136,942Expenses 2013: $30,919Net Income 2013: $106,0232013Revenue 2014: $85,425Expenses 2014: $63,337Net Income 2014: $22,0882014Revenue 2015: $75,620Expenses 2015: $71,585Net Income 2015: $4,0352015Revenue 2016: $93,019Expenses 2016: $42,039Net Income 2016: $50,9802016Revenue 2017: $68,111Expenses 2017: $44,283Net Income 2017: $23,8282017Revenue 2018: $79,696Expenses 2018: $60,379Net Income 2018: $19,3172018Revenue 2019: $353,384Expenses 2019: $75,171Net Income 2019: $278,2132019Revenue 2020: $845,254Expenses 2020: $107,631Net Income 2020: $737,6232020Revenue 2021: $70,776Expenses 2021: $58,637Net Income 2021: $12,1392021Revenue 2022: $69,937Expenses 2022: $91,022Net Income 2022: -$21,0852022Revenue 2023: $77,466Expenses 2023: $83,210Net Income 2023: -$5,7442023Revenue 2024: $154,475Expenses 2024: $79,470Net Income 2024: $75,0052024Revenue 2025: $112,667Expenses 2025: $124,734Net Income 2025: -$12,0672025

Highlighted filing

2025

Revenue$112,667
Expenses$124,734
Net Income-$12,067

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$0.11$0.12$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.15$0.08$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.08$0.08$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.07$0.09$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.07$0.06$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.85$0.11$0.74
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.35$0.08$0.28
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.08$0.06$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.07$0.04$0.02
2016Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$0.09$0.04$0.05
2015Summary only. Only limited summary data is available for this year.$0.46$0.00$0.08$0.07$0.00
2014Summary only. Only limited summary data is available for this year.$0.50$0.00$0.09$0.06$0.02
2013Summary only. Only limited summary data is available for this year.$0.47$0.00$0.14$0.03$0.11
2012Summary only. Only limited summary data is available for this year.$0.37$0.00$0.37$0.00$0.05$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 12, 2025
Return Version
2024v5.0
Gross Receipts
$125,207
Mission and Program Overview

Mission

Dedicated to preserving the rich artistic legacy of the city of park ridge, illinois through education, advocacy, and preservation, as well as promoting the arts and crafts as an integral part of our modern lives.

Dedicated to preserving the rich artistic legacy in the city of park ridge, illinois

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,186,902$1,220,009▲ $33,107
Land, Buildings, and Equipment, Net$596,692$594,818▼ $1,874
Cash and Non-Interest-Bearing Accounts$36,628$36,743▲ $115
Total Assets$1,820,222$1,851,570▲ $31,348
Liabilities
Accounts Payable and Accrued Expenses$169$75▼ $94
Total Liabilities$169$75▼ $94
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,820,053$1,851,495▲ $31,442
Total Net Assets Fund Balance$1,820,053$1,851,495▲ $31,442
Total Liabilities and Net Assets / Fund Balance$1,820,222$1,851,570▲ $31,348

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$457,642$327,901$785,543
Other Land Buildings$77,879$75,184$153,063
Land$50,000-$50,000
Equipment$9,297$27,613$36,910
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maria HrycelakPresident
Janelle MarcuccilliCorrespondin
Don MceachernTreasurer
Judy BaconVice Preside
Leigh SasserVice Preside
Vicky BellisarioVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$63,750
Program Service Revenue
$975
Investment Income
$59,137
Other Revenue
$-11,195
All Other Contributions
$63,750
Change in Net Assets
$-12,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,234
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$49,069$12,267-$61,336
Depreciation Depletion$35,254$8,813-$44,067
Insurance$5,852$1,463-$7,315
Fees for Service Investment Mgmnt Fees-$4,533-$4,533
Fees for Services Accounting-$2,400-$2,400
Grants to Domestic Individuals$1,500--$1,500
Other Expenses$643$135-$643
All Other Expenses$44$380-$424
Total Functional Expenses$94,743$29,991$0$124,734
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

As treasurer, donald mceachern is responsible for recording the accounting transactions. He assembles and prepares the financial information that is used by the accounting firm to prepare form 990. Upon completion of form 990, mceachern then meets with the board to review the filing for final approval. Once approved by the board, form 990 is then submitted for filing.

Form 990, Page 6, Part VI, Line 12C

The organization maintains ongoing communication with those subject to the conflict of interest policy to ensure proper disclosure of any interests that could give rise to conflicts.

Form 990, Page 6, Part VI, Line 18

All documents and disclosures are available at the kalo office.

Form 990, Page 6, Part VI, Line 19

All documents, disclosures, conflicts of interest policies, and financial statements are available at the kalo office.

Filing and Contact Details

Filer

Filer Name
The Kalo Foundation of Park Ridge
EIN
45-0547664
Phone
8477921970
Address
255 N NORTHWEST HWY, PARK RIDGE, IL 60068

Signing Officer

Name
Don Mceachern
Title
Treasurer
Phone
8473215949
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maria Hrycelak
Formed
2006
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Ahlbeck & Company
Address
1651 ELK BLVD, DES PLAINES, IL 60016
Preparer
Thomas H Ahlbeck CPA
Phone
8478251812
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Based on the ideals of the american arts and crafts movement, the foundation with help from our extensive volunteer community sponsor educational seminars, exhibits, tours, publications and special events to increase awareness and appreciation of the arts and crafts. Towards appreciation and education of the arts history of park ridge, the kalo foundation has put on multiple silver exhibitions, as well as previously hosting an exhibit of works of alfonso iannelli and both albert and dulah krehbiel. In addition to those events the kalo foundation puts on events and gives presentations to not only the general public, but also in local schools.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BASED ON THE IDEALS OF THE AMERICAN ARTS AND CRAFTS MOVEMENT, THE FOUNDATION WITH HELP FROM OUR EXTENSIVE VOLUNTEER COMMUNITY SPONSOR EDUCATIONAL SEMINARS, EXHIBITS, TOURS, PUBLICATIONS AND SPECIAL EVENTS TO INCREASE AWARENESS AND APPRECIATION OF THE ARTS AND CRAFTS. TOWARDS APPRECIATION AND EDUCATION OF THE ARTS HISTORY OF PARK RIDGE, THE KALO FOUNDATION HAS PUT ON MULTIPLE SILVER EXHIBITIONS, AS WELL AS PREVIOUSLY HOSTING AN EXHIBIT OF WORKS OF ALFONSO IANNELLI AND BOTH ALBERT AND DULAH KREHBIEL. IN ADDITION TO THOSE EVENTS THE KALO FOUNDATION PUTS ON EVENTS AND GIVES PRESENTATIONS TO NOT ONLY THE GENERAL PUBLIC, BUT ALSO IN LOCAL SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS TREASURER, DONALD MCEACHERN IS RESPONSIBLE FOR RECORDING THE ACCOUNTING TRANSACTIONS. HE ASSEMBLES AND PREPARES THE FINANCIAL INFORMATION THAT IS USED BY THE ACCOUNTING FIRM TO PREPARE FORM 990. UPON COMPLETION OF FORM 990, MCEACHERN THEN MEETS WITH THE BOARD TO REVIEW THE FILING FOR FINAL APPROVAL. ONCE APPROVED BY THE BOARD, FORM 990 IS THEN SUBMITTED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAINTAINS ONGOING COMMUNICATION WITH THOSE SUBJECT TO THE CONFLICT OF INTEREST POLICY TO ENSURE PROPER DISCLOSURE OF ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS AND DISCLOSURES ARE AVAILABLE AT THE KALO OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS, DISCLOSURES, CONFLICTS OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE KALO OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum08473215949
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE KALO FOUNDATION OF PARK RIDGE
ReturnHeader/Filer/BusinessNameControlTxt0KALO
ReturnHeader/Filer/EIN0450547664
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS H AHLBECK CPA
ReturnHeader/ReturnTs02025-08-18T14:32:14-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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