Civic Intelligence

Freeport Community Foundation

990 • Fiscal year 2018 • EIN 30-0080762

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 04, 2019

524 W Stephenson St Suite 102Freeport, IL 61032

(815) 801-3035

Siviq Scores

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

Liabilities / Assets

38th percentile

0.03x

Higher debt load relative to assets than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.22x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

39th percentile

$23,330

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

28th percentile

-3.9%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

44%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$4,749,449

Down $194,367 (-3.9%) from 2017

Net Assets

Down

$4,585,314

Down $226,015 (-4.7%) from 2017

Liabilities

Up

$164,135

Up $31,648 (+24%) from 2017

Revenue

Up

$735,710

Up $225,582 (+44%) from 2017

Expenses

Up

$311,931

Up $64,212 (+26%) from 2017

Net Income

Up

$423,779

Up $161,370 (+61%) from 2017

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

2018

Assets$4,749,449
Liabilities$164,135
Net Assets$4,585,314

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

2018

Revenue$735,710
Expenses$311,931
Net Income$423,779
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 4, 2019
Return Version
2018v3.1
Gross Receipts
$1,062,386
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$4,913,186$4,731,746▼ $181,440
Cash and Non-Interest-Bearing Accounts$28,786$13,670▼ $15,116
Prepaid Expenses and Deferred Charges$1,792$4,033▲ $2,241
Land, Buildings, and Equipment, Net$52--
Total Assets$4,943,816$4,749,449▼ $194,367
Liabilities
Escrow Account Liability$132,487$123,042▼ $9,445
Other Liabilities-$41,093-
Total Liabilities$132,487$164,135▲ $31,648
Net Assets / Fund Balance
Unrestricted Net Assets$4,661,864$4,244,114▼ $417,750
Permanently Rstr Net Assets$108,473$335,286▲ $226,813
Temporarily Rstr Net Assets$40,992$5,914▼ $35,078
Total Net Assets Fund Balance$4,811,329$4,585,314▼ $226,015
Total Liabilities and Net Assets / Fund Balance$4,943,816$4,749,449▼ $194,367

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$149,465$230,113▼ $28,425-$341,200
2017$98,601$42,421▲ $13,243-$149,465
2016$58,840$16,370▲ $5,900-$98,601
2015$58,661$4,805▼ $2,926-$58,840
2014$53,635$5,330▲ $789-$58,661
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dan SchmittExecutive DiPT$23,330$23,330
Revenue and Support

Revenue Composition

Contributions and Grants
$470,908
Program Service Revenue
$0
Investment Income
$264,802
Other Revenue
$0
All Other Contributions
$468,445
Change in Net Assets
$423,779

Audited Revenue Reconciliation

Revenue per Audited Statements
$735,710
Revenue Not Reported on Form 990
$-649,794
Total Revenue per Audited Statements
$85,916
Total Revenue per Form 990
$735,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$193,608
Other Expenses$66,375
Salaries, Compensation, and Employee Benefits$51,948
Total Fundraising Expense$360
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$193,608--$193,608
Fees for Service Investment Mgmnt Fees-$26,094-$26,094
Other Salaries and Wages-$24,793-$24,793
Current Officers, Directors, Trustees, and Key Employees-$23,330-$23,330
Fees for Services Accounting-$11,200-$11,200
Office Expenses-$4,782$360$5,142
Payroll Taxes-$3,825-$3,825
Occupancy-$2,400-$2,400
Insurance-$2,040-$2,040
Travel-$1,004-$1,004
Other Expenses-$257-$257
Fees for Services Legal-$135-$135
Depreciation Depletion-$52-$52
Total Functional Expenses$193,608$117,963$360$311,931

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$311,931
Total Expenses per Audited Statements$311,931
Total Expenses per Form 990$311,931
International Activity
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Payable$41,093
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 SUITE 102, FREEPORT, IL 61032

Signing Officer

Name
Paulette Williams-thomas
Title
Vice President
Phone
8158013035
Signed
2019-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paulette Williams-thomas
Formed
2002
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
4

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/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3AWARDS PROGRAM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09037
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16621
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22393
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3257
IRS990/OtherExpensesGrp/TotalAmt09037
IRS990/OtherExpensesGrp/TotalAmt16621
IRS990/OtherExpensesGrp/TotalAmt22393
IRS990/OtherExpensesGrp/TotalAmt3257
IRS990/OtherLiabilitiesGrp/EOYAmt041093
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024793
IRS990/OtherSalariesAndWagesGrp/TotalAmt024793
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03825
IRS990/PayrollTaxesGrp/TotalAmt03825
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0108473
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0335286
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01792
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04033
IRS990/PrincipalOfficerNm0PAULETTE WILLIAMS-THOMAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0137744
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0137459
IRS990/PYInvestmentIncomeAmt0372134
IRS990/PYOtherExpensesAmt058723
IRS990/PYOtherRevenueAmt0250
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IRS990/PYSalariesCompEmpBnftPaidAmt051537
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IRS990/PYTotalRevenueAmt0510128
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0423779
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0470908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0137744
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0304347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt036699
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt029103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0978801
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0207476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0169592
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0108820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0119202
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0125539
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0730629
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0250
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IRS990ScheduleA/PublicSupportPY170Pct00.46110
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0137744
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0304347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt036699
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt029103
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0978801
IRS990ScheduleA/TotalSupportAmt01709430
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0149465
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0230113
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0341200
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt09953
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-28425
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt098601
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt042421
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0149465
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt04800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013243
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt058840
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt016370
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt098601
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01535
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05900
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt058661
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt04805
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt058840
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01700
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2926
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt053635
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05330
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt058661
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01093
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0789
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt05394
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt05750
IRS990ScheduleD/DonorAdvisedFundsHeldCnt03
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt082487
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03918
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03918
IRS990ScheduleD/ExpensesSubtotalAmt0311931
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05338
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05338
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-649794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041093
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITY PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.98270
IRS990ScheduleD/RevenueNotReportedAmt0-649794
IRS990ScheduleD/RevenueSubtotalAmt0735710
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/TermEndowmentBalanceEOYPct00.01730
IRS990ScheduleD/TotalExpensesPerForm990Amt0311931
IRS990ScheduleD/TotalLiabilityAmt041093
IRS990ScheduleD/TotalRevenuePerForm990Amt0735710
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt085916
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0311931
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt05256
IRS990ScheduleI/RecipientTable/CashGrantAmt114354
IRS990ScheduleI/RecipientTable/CashGrantAmt29252
IRS990ScheduleI/RecipientTable/CashGrantAmt35757
IRS990ScheduleI/RecipientTable/CashGrantAmt423172
IRS990ScheduleI/RecipientTable/CashGrantAmt59250
IRS990ScheduleI/RecipientTable/CashGrantAmt65037
IRS990ScheduleI/RecipientTable/CashGrantAmt720772
IRS990ScheduleI/RecipientTable/CashGrantAmt812399
IRS990ScheduleI/RecipientTable/CashGrantAmt911575
IRS990ScheduleI/RecipientTable/CashGrantAmt109359
IRS990ScheduleI/RecipientTable/CashGrantAmt1113315
IRS990ScheduleI/RecipientTable/CashGrantAmt125717
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BLACKHAWK ELEMENTARY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CAPTAIN LINCOLN SCULPTURE PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CAREERTEC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CHILDRENS HANDS ON MUSEUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CONTACT OF NORTHERN ILLINOIS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5FAMILY YMCA OF NORTHWESTERN ILL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6FHN FAMILY COUNSELING CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7FREEPORT ART MUSEUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8FREEPORT HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9MADONNA RENEWAL CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10NICAA HEAD START
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11SENIOR RESOURCE CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12UNITED WAY OF NORTHWEST IL
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

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