Civic Intelligence

Freeport Community Foundation

990 • Fiscal year 2016 • EIN 30-0080762

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

524 W Stephenson StFreeport, IL 61032

(815) 801-3035

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.27x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

94th percentile

59%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$23,824

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

262%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,404,212

Up $539,209 (+14%) from 2015

Net Assets

Up

$4,278,726

Up $512,925 (+14%) from 2015

Liabilities

Up

$125,486

Up $26,284 (+26%) from 2015

Revenue

Up

$464,533

Up $336,359 (+262%) from 2015

Expenses

Up

$191,755

Up $9,818 (+5.4%) from 2015

Net Income

Up

$272,778

Up $326,541 (+607%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,516,447Liabilities 2010: $9,006Net Assets 2010: $3,507,4412010Assets 2011: $3,304,872Liabilities 2011: $12,080Net Assets 2011: $3,292,7922011Assets 2012: $3,594,238Liabilities 2012: $39,448Net Assets 2012: $3,554,7902012Assets 2013: $4,079,042Liabilities 2013: $64,225Net Assets 2013: $4,014,8172013Assets 2014: $4,093,854Liabilities 2014: $82,267Net Assets 2014: $4,011,5872014Assets 2015: $3,865,003Liabilities 2015: $99,202Net Assets 2015: $3,765,8012015Assets 2016: $4,404,212Liabilities 2016: $125,486Net Assets 2016: $4,278,7262016Assets 2017: $4,943,816Liabilities 2017: $132,487Net Assets 2017: $4,811,3292017Assets 2018: $4,749,449Liabilities 2018: $164,135Net Assets 2018: $4,585,3142018Assets 2019: $5,379,092Liabilities 2019: $198,471Net Assets 2019: $5,180,6212019Assets 2020: $5,604,486Liabilities 2020: $222,112Net Assets 2020: $5,382,3742020Assets 2021: $6,123,484Liabilities 2021: $228,375Net Assets 2021: $5,895,1092021Assets 2022: $5,131,242Liabilities 2022: $205,943Net Assets 2022: $4,925,2992022Assets 2023: $5,520,488Liabilities 2023: $237,473Net Assets 2023: $5,283,0152023Assets 2024: $5,790,135Liabilities 2024: $53,489Net Assets 2024: $5,736,6462024

Highlighted filing

2016

Assets$4,404,212
Liabilities$125,486
Net Assets$4,278,726

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $135,8242010Expenses 2011: $183,5362011Expenses 2012: $187,5692012Revenue 2013: $404,915Expenses 2013: $205,844Net Income 2013: $199,0712013Revenue 2014: $199,986Expenses 2014: $188,965Net Income 2014: $11,0212014Revenue 2015: $128,174Expenses 2015: $181,937Net Income 2015: -$53,7632015Revenue 2016: $464,533Expenses 2016: $191,755Net Income 2016: $272,7782016Revenue 2017: $510,128Expenses 2017: $247,719Net Income 2017: $262,4092017Revenue 2018: $735,710Expenses 2018: $311,931Net Income 2018: $423,7792018Revenue 2019: $272,224Expenses 2019: $338,676Net Income 2019: -$66,4522019Revenue 2020: $649,371Expenses 2020: $617,534Net Income 2020: $31,8372020Revenue 2021: $1,390,452Expenses 2021: $376,257Net Income 2021: $1,014,1952021Revenue 2022: $297,028Expenses 2022: $437,486Net Income 2022: -$140,4582022Revenue 2023: $349,055Expenses 2023: $492,147Net Income 2023: -$143,0922023Revenue 2024: $591,681Expenses 2024: $467,244Net Income 2024: $124,4372024

Highlighted filing

2016

Revenue$464,533
Expenses$191,755
Net Income$272,778
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$994,065
Mission and Program Overview

Mission

To help provide for the well-being of the citizens of northwest illinois by accumulating assets in the form of permanent endowment funds & prudently distributing income from those funds to charitable organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,839,820$4,385,222▲ $545,402
Cash and Non-Interest-Bearing Accounts$24,772$14,863▼ $9,909
Prepaid Expenses and Deferred Charges-$3,942-
Land, Buildings, and Equipment, Net$411$185▼ $226
Total Assets$3,865,003$4,404,212▲ $539,209
Liabilities
Escrow Account Liability$99,202$125,486▲ $26,284
Total Liabilities$99,202$125,486▲ $26,284
Net Assets / Fund Balance
Unrestricted Net Assets$3,689,989$4,202,913▲ $512,924
Permanently Rstr Net Assets$54,873$59,841▲ $4,968
Temporarily Rstr Net Assets$20,939$15,972▼ $4,967
Total Net Assets Fund Balance$3,765,801$4,278,726▲ $512,925
Total Liabilities and Net Assets / Fund Balance$3,865,003$4,404,212▲ $539,209

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$5,338$5,338
Equipment$185$3,733$3,918

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$58,840$16,370▲ $5,900-$79,575
2015$58,661$4,805▼ $2,926-$58,840
2014$53,635$5,330▲ $789-$58,661
2013$39,796$7,768▲ $6,571-$53,635
2012-$36,113▲ $3,683-$39,796
Compensation and Service Providers

Employees

NameTitleBaseTotal
Dan SchmittExecutive Di$23,824$23,824

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$280,137
Program Service Revenue
$0
Investment Income
$180,890
Other Revenue
$3,506
All Other Contributions
$278,626
Change in Net Assets
$272,778

Audited Revenue Reconciliation

Revenue per Audited Statements
$464,533
Revenue Not Reported on Form 990
$240,147
Total Revenue per Audited Statements
$704,680
Total Revenue per Form 990
$464,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$88,620
Other Expenses$53,572
Salaries, Compensation, and Employee Benefits$49,563
Total Fundraising Expense$98
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$88,620--$88,620
Current Officers, Directors, Trustees, and Key Employees-$23,824-$23,824
Other Salaries and Wages-$22,075-$22,075
Fees for Service Investment Mgmnt Fees-$20,581-$20,581
Fees for Services Accounting-$8,395-$8,395
Office Expenses-$4,300$98$4,398
Payroll Taxes-$3,664-$3,664
Occupancy-$2,400-$2,400
Insurance-$1,986-$1,986
Other Expenses-$1,656-$1,656
Travel-$1,502-$1,502
All Other Expenses-$1,152-$1,152
Depreciation Depletion-$226-$226
Advertising-$147-$147
Fees for Services Legal-$85-$85
Conferences and Meetings-$60-$60
Total Functional Expenses$88,620$103,037$98$191,755

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$191,755
Total Expenses per Audited Statements$191,755
Total Expenses per Form 990$191,755
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Housing Authority of City of Freepo---$11,778
Northern Illinois Food Bank---$8,457
Highland Community College---$7,228
Freeport Art Museum---$7,115
Fhn Family Counseling Center---$6,862
Mightly Richlands Player Dessert Th---$6,056
AmityFreeport, IL-MENTORING; ENRICH.$5,280
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
Audit committee
Yes
Backup withholding compliance
Yes
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

Form 990 was presented to the board of directors during a regularly scheduled meeting. Directors reviewed form 990 and approved a motion to accept the form 990 as presented.

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

Each board member signs a conflict of interest statement (they are also given a copy of it) indicating any potential conflicts. All committee members sign a conflict of interest statement as well. The executive director reviews the statements prior to the grant award cycle and scholarship approval process. During the grant award cycles and the scholarship approval process, the executive director ask members to recuse themselves from voting if they have a conflict.

Form 990, Page 6, Part VI, Line 19

The foundation follows the rules and regulations of the irs regarding public availability of form 990 as well as any other required documents. The form 990 is available upon request either by downloading from the foundation's website or having it mailed or examining it in the foundation's office. The foundation also has available upon request financial information such as performance history, list of investment managers, audit fees, and the body responsible for investment and oversight.

Filing and Contact Details

Filer

Filer Name
Freeport Community Foundation
EIN
30-0080762
Address
524 W STEPHENSON ST, FREEPORT, IL 61032

Signing Officer

Name
Dan Schmitt
Title
Executive Director
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Schmitt
Formed
2002
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
3

Preparer

Firm
Benning Group LLC
Address
50 W DOUGLAS ST STE 801, FREEPORT, IL 61032-4141
Preparer
Jenny L Blocker
Phone
8152353157
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 1B

The foundation acts as an agent for 4 funds in which distributions benefit the donor organization. These funds are recorded as liabilities. All contributions received, investment income and fees, realized and unrealized gains are losses are netted together and reported as additions to the liability account. Distributions are recorded as reductions of the liability.

Schedule D, Page 2, Part IV, Line 2B

The foundation acts as an agent for 4 funds in which distributions benefit the donor organization. These funds are recorded as liabilities. All contributions recieved, investment income and fees, realized and unrealized gains are losses are netted together and reported as additions to the liability account. Distributions are recorded as reductions of the liability.

Schedule D, Page 2, Part V, Line 4

The endowment funds are to provide grants and/or scholarships from the earnings on the endowment funds.

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IRS990/OtherExpensesGrp/Desc2MARKETING
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13111
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22728
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31656
IRS990/OtherExpensesGrp/TotalAmt05145
IRS990/OtherExpensesGrp/TotalAmt13111
IRS990/OtherExpensesGrp/TotalAmt22728
IRS990/OtherExpensesGrp/TotalAmt31656
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03506
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03506
IRS990/OtherRevenueTotalAmt03506
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022075
IRS990/OtherSalariesAndWagesGrp/TotalAmt022075
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03664
IRS990/PayrollTaxesGrp/TotalAmt03664
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt054873
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt059841
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03942
IRS990/PrincipalOfficerNm0DAN SCHMITT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt036699
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt074785
IRS990/PYInvestmentIncomeAmt091475
IRS990/PYOtherExpensesAmt055478
IRS990/PYRevenuesLessExpensesAmt0-53763
IRS990/PYSalariesCompEmpBnftPaidAmt051674
IRS990/PYTotalExpensesAmt0181937
IRS990/PYTotalRevenueAmt0128174
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0272778
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0304347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt036699
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt029103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt029257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt032389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0431795
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0108820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0119202
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0125539
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0104735
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0126955
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0585251
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03506
IRS990ScheduleA/PublicSupportCY170Pct00.42460
IRS990ScheduleA/PublicSupportPY170Pct00.20410
IRS990ScheduleA/PublicSupportTotal170Amt0431795
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0304347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt036699
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt029103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt029257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt032389
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0431795
IRS990ScheduleA/TotalSupportAmt01017046
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt058840
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt016370
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt079575
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01535
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05900
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt058661
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04805
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt058840
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2926
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt053635
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt05330
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt058661
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01093
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0789
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt039796
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt07768
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt053635
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06571
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt036113
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt039796
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03683
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt010000
IRS990ScheduleD/DonorAdvisedFundsHeldCnt02
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0185
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03733
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03918
IRS990ScheduleD/ExpensesSubtotalAmt0191755
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt02
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05338
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05338
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0240147
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.89520
IRS990ScheduleD/RevenueNotReportedAmt0240147
IRS990ScheduleD/RevenueSubtotalAmt0464533
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ACTS AS AN AGENT FOR 4 FUNDS IN WHICH DISTRIBUTIONS BENEFIT THE DONOR ORGANIZATION. THESE FUNDS ARE RECORDED AS LIABILITIES. ALL CONTRIBUTIONS RECEIVED, INVESTMENT INCOME AND FEES, REALIZED AND UNREALIZED GAINS ARE LOSSES ARE NETTED TOGETHER AND REPORTED AS ADDITIONS TO THE LIABILITY ACCOUNT. DISTRIBUTIONS ARE RECORDED AS REDUCTIONS OF THE LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION ACTS AS AN AGENT FOR 4 FUNDS IN WHICH DISTRIBUTIONS BENEFIT THE DONOR ORGANIZATION. THESE FUNDS ARE RECORDED AS LIABILITIES. ALL CONTRIBUTIONS RECIEVED, INVESTMENT INCOME AND FEES, REALIZED AND UNREALIZED GAINS ARE LOSSES ARE NETTED TOGETHER AND REPORTED AS ADDITIONS TO THE LIABILITY ACCOUNT. DISTRIBUTIONS ARE RECORDED AS REDUCTIONS OF THE LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ENDOWMENT FUNDS ARE TO PROVIDE GRANTS AND/OR SCHOLARSHIPS FROM THE EARNINGS ON THE ENDOWMENT FUNDS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 1B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.10480
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0185
IRS990ScheduleD/TotalExpensesPerForm990Amt0191755
IRS990ScheduleD/TotalRevenuePerForm990Amt0464533
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0704680
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0191755
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt05280
IRS990ScheduleI/RecipientTable/CashGrantAmt16862
IRS990ScheduleI/RecipientTable/CashGrantAmt27115
IRS990ScheduleI/RecipientTable/CashGrantAmt37228
IRS990ScheduleI/RecipientTable/CashGrantAmt411778
IRS990ScheduleI/RecipientTable/CashGrantAmt56056
IRS990ScheduleI/RecipientTable/CashGrantAmt68457
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MENTORING; ENRICH.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AMITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FHN FAMILY COUNSELING CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FREEPORT ART MUSEUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3HIGHLAND COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4HOUSING AUTHORITY OF CITY OF FREEPO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5MIGHTLY RICHLANDS PLAYER DESSERT TH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6NORTHERN ILLINOIS FOOD BANK
IRS990ScheduleI/RecipientTable/RecipientEIN0362879689
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0421 W EXCHANGE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FREEPORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd061032
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS DURING A REGULARLY SCHEDULED MEETING. DIRECTORS REVIEWED FORM 990 AND APPROVED A MOTION TO ACCEPT THE FORM 990 AS PRESENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST STATEMENT (THEY ARE ALSO GIVEN A COPY OF IT) INDICATING ANY POTENTIAL CONFLICTS. ALL COMMITTEE MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT AS WELL. THE EXECUTIVE DIRECTOR REVIEWS THE STATEMENTS PRIOR TO THE GRANT AWARD CYCLE AND SCHOLARSHIP APPROVAL PROCESS. DURING THE GRANT AWARD CYCLES AND THE SCHOLARSHIP APPROVAL PROCESS, THE EXECUTIVE DIRECTOR ASK MEMBERS TO RECUSE THEMSELVES FROM VOTING IF THEY HAVE A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION FOLLOWS THE RULES AND REGULATIONS OF THE IRS REGARDING PUBLIC AVAILABILITY OF FORM 990 AS WELL AS ANY OTHER REQUIRED DOCUMENTS. THE FORM 990 IS AVAILABLE UPON REQUEST EITHER BY DOWNLOADING FROM THE FOUNDATION'S WEBSITE OR HAVING IT MAILED OR EXAMINING IT IN THE FOUNDATION'S OFFICE. THE FOUNDATION ALSO HAS AVAILABLE UPON REQUEST FINANCIAL INFORMATION SUCH AS PERFORMANCE HISTORY, LIST OF INVESTMENT MANAGERS, AUDIT FEES, AND THE BODY RESPONSIBLE FOR INVESTMENT AND OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.79$0.05$5.74$0.59$0.47$0.12
2023Detailed filing. Detailed filing data is available for this year.$5.52$0.24$5.28$0.35$0.49$0.14
2022Detailed filing. Detailed filing data is available for this year.$5.13$0.21$4.93$0.30$0.44$0.14
2021Detailed filing. Detailed filing data is available for this year.$6.12$0.23$5.90$1.39$0.38$1.01
2020Detailed filing. Detailed filing data is available for this year.$5.60$0.22$5.38$0.65$0.62$0.03
2019Detailed filing. Detailed filing data is available for this year.$5.38$0.20$5.18$0.27$0.34$0.07
2018Detailed filing. Detailed filing data is available for this year.$4.75$0.16$4.59$0.74$0.31$0.42
2017Detailed filing. Detailed filing data is available for this year.$4.94$0.13$4.81$0.51$0.25$0.26
2016Detailed filing. Detailed filing data is available for this year.$4.40$0.13$4.28$0.46$0.19$0.27
2015Detailed filing. Detailed filing data is available for this year.$3.87$0.10$3.77$0.13$0.18$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.09$0.08$4.01$0.20$0.19$0.01
2013Detailed filing. Detailed filing data is available for this year.$4.08$0.06$4.01$0.40$0.21$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$0.04$3.55$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.01$3.29$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.01$3.51$0.14