Hoellen Family Foundation

Chicago, IL
Tax-exempt since Nov. 1983
EIN: 36-3209348

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$1.59M (2024)

Expenses

$520k (2024)

Total Assets

$7.95M (2024)

Total Liabilities

$2.86k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$1,593,701

Expenses

$520,088

Net Income

$1,073,613

Net Assets

$7,950,121

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$100,201	6.3%
Dividends	$186,056	11.7%
Sales of Assets	$1,307,444	82.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$433,334	83.3%
Compensation of Officers*	$92,950	17.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,952,983
Total Liabilities	$2,862
Net Assets	$7,950,121

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Secretary Tr)	$50,000	$0
Robert Hoellen (President)	$25,150	$0
Elizabeth Ward (Vice Preside)	$17,800	$0

990-PF

Filed on June 30, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$311,742

Expenses

$512,633

Net Income

-$200,891

Net Assets

$6,876,508

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$70,163	22.5%
Dividends	$158,348	50.8%
Sales of Assets	$81,517	26.1%
Other Income	$1,714	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$439,923	85.8%
Compensation of Officers*	$88,200	17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,878,521
Total Liabilities	$2,013
Net Assets	$6,876,508

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Secretary Tr)	$47,250	$0
Robert Hoellen (President)	$24,150	$0
Elizabeth Ward (Vice President)	$16,800	$0

990-PF

Filed on Aug. 20, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$274,709

Expenses

$449,251

Net Income

-$174,542

Net Assets

$7,077,399

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,484	4.5%
Dividends	$139,041	50.6%
Sales of Assets	$120,073	43.7%
Other Income	$3,111	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$373,561	83.2%
Compensation of Officers*	$84,000	18.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,080,641
Total Liabilities	$3,242
Net Assets	$7,077,399

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Secretary Tr)	$45,000	$0
Robert Hoellen (President)	$23,000	$0
Elizabeth Ward (Vice President)	$16,000	$0

990-PF

Filed on Aug. 16, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$571,879

Expenses

$467,767

Net Income

$104,112

Net Assets

$7,251,941

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,599	0.3%
Dividends	$150,188	26.3%
Sales of Assets	$419,857	73.4%
Other Income	$235	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$397,227	84.9%
Compensation of Officers*	$81,500	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,257,080
Total Liabilities	$5,139
Net Assets	$7,251,941

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Secretary Tr)	$42,500	$0
Robert Hoellen (President)	$23,000	$0
Elizabeth Ward (Vice President)	$16,000	$0

990-PF

Filed on Aug. 17, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$634,415

Expenses

$488,717

Net Income

$145,698

Net Assets

$7,147,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22,708	3.6%
Dividends	$140,111	22.1%
Sales of Assets	$471,567	74.3%
Other Income	$29	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$414,953	84.9%
Compensation of Officers*	$75,000	15.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,150,582
Total Liabilities	$2,753
Net Assets	$7,147,829

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Secretary Tr)	$40,000	$0
Robert Hoellen (President)	$21,000	$0
Elizabeth Ward (Vice President)	$14,000	$0

990-PF

Filed on Sept. 1, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$460,972

Expenses

$481,297

Net Income

-$20,325

Net Assets

$7,002,131

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$46,150	10.0%
Dividends	$154,476	33.5%
Sales of Assets	$260,346	56.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$414,424	86.1%
Compensation of Officers*	$67,000	13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,002,670
Total Liabilities	$539
Net Assets	$7,002,131

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Secretary Tr)	$37,000	$0
Robert Hoellen (President)	$18,000	$0
Elizabeth Ward (Vice Preside)	$12,000	$0

990-PF

Filed on Aug. 17, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$580,263

Expenses

$481,587

Net Income

$98,676

Net Assets

$7,022,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32,552	5.6%
Dividends	$152,481	26.3%
Sales of Assets	$395,230	68.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$415,992	86.4%
Compensation of Officers*	$67,000	13.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,023,000
Total Liabilities	$544
Net Assets	$7,022,456

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Secretary Tr)	$37,000	$0
Robert Hoellen (President)	$18,000	$0
Elizabeth Ward (Vice Preside)	$12,000	$0

990-PF

Filed on Aug. 5, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$276,833

Expenses

$413,270

Net Income

-$136,437

Net Assets

$6,923,120

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,234	5.1%
Dividends	$138,652	50.1%
Sales of Assets	$123,947	44.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$360,394	87.2%
Compensation of Officers*	$65,000	15.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,923,120
Total Liabilities	$0
Net Assets	$6,923,120

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Treasurer)	$35,000	$0
Robert Hoellen (President)	$18,000	$0
Elizabeth Ward (Vice Preside)	$12,000	$0

990-PF

Filed on Aug. 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$333,168

Expenses

$433,383

Net Income

-$100,215

Net Assets

$7,060,602

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,946	3.3%
Dividends	$136,267	40.9%
Sales of Assets	$185,955	55.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$399,243	92.1%
Compensation of Officers*	$57,500	13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,067,140
Total Liabilities	$6,538
Net Assets	$7,060,602

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Treasurer)	$33,500	$0
R Hoellen (Director)	$12,000	$0
Elizabeth Ward (Director)	$12,000	$0

990-PF

Filed on Sept. 25, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$732,385

Expenses

$450,621

Net Income

$281,764

Net Assets

$7,160,819

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,561	2.5%
Dividends	$126,162	17.2%
Sales of Assets	$587,382	80.2%
Other Income	$280	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$401,991	89.2%
Compensation of Officers*	$69,500	15.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,167,370
Total Liabilities	$6,551
Net Assets	$7,160,819

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Treasurer)	$33,500	$0
George Rice (Vice Preside)	$12,000	$0
R Hoellen (Director)	$12,000	$0
Elizabeth Ward (Director)	$12,000	$0

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990-PF

Filed on Aug. 30, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$288,710

Expenses

$410,434

Net Income

-$121,724

Net Assets

$6,879,055

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,469	6.7%
Dividends	$136,739	47.4%
Sales of Assets	$130,267	45.1%
Other Income	$2,235	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$376,934	91.8%
Compensation of Officers*	$66,000	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,885,791
Total Liabilities	$6,736
Net Assets	$6,879,055

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Treasurer)	$30,000	$0
George Rice (Vice Preside)	$12,000	$0
R Hoellen (Director)	$12,000	$0
Elizabeth Ward (Director)	$12,000	$0

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990-PF

Filed on Aug. 24, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$651,961

Expenses

$393,964

Net Income

$257,997

Net Assets

$6,999,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16,573	2.5%
Dividends	$139,878	21.5%
Sales of Assets	$494,453	75.8%
Other Income	$1,057	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$382,725	97.1%
Compensation of Officers*	$69,000	17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,008,073
Total Liabilities	$8,364
Net Assets	$6,999,709

Compensation

Key Employees and Officers	Compensation	Other
Allan Pallante (Treasurer)	$30,000	$0
George Rice (Vice Preside)	$12,000	$0
R Hoellen (Director)	$12,000	$0
Elizabeth Ward (Director)	$12,000	$0
Catherine Phelps (Director)	$3,000	$0

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990-PF

Filed on Oct. 31, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$573,270

Expenses

$408,853

Net Income

$164,417

Net Assets

$6,668,634

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,919	3.3%
Dividends	$138,967	24.2%
Sales of Assets	$410,148	71.5%
Other Income	$5,236	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$348,563	85.3%
Compensation of Officers*	$69,000	16.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,690,644
Total Liabilities	$22,010
Net Assets	$6,668,634

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$281,670

Expenses

$374,371

Net Income

-$92,701

Net Assets

$6,586,762

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,783	9.5%
Dividends	$132,856	47.2%
Sales of Assets	$116,481	41.4%
Other Income	$5,550	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$318,025	84.9%
Compensation of Officers*	$67,000	17.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,596,487
Total Liabilities	$9,725
Net Assets	$6,586,762

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Hoellen Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.59M (2024)

Expenses $520k (2024)

Total Assets $7.95M (2024)

Total Liabilities $2.86k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$1.59M (2024)

Expenses

$520k (2024)

Total Assets

$7.95M (2024)

Total Liabilities

$2.86k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

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2019

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2018

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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