Civic Intelligence

Freeport Community Foundation

990 • Fiscal year 2021 • EIN 30-0080762

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 04, 2022

1525 S Forest Rd Suite 200Freeport, IL 61032

(815) 801-3035

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

51st percentile

0.16x

Higher debt load relative to revenue than 51% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

94th percentile

73%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

49th percentile

9.3%

Faster asset growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

114%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$6,123,484

Up $518,998 (+9.3%) from 2020

Net Assets

Up

$5,895,109

Up $512,735 (+9.5%) from 2020

Liabilities

Up

$228,375

Up $6,263 (+2.8%) from 2020

Revenue

Up

$1,390,452

Up $741,081 (+114%) from 2020

Expenses

Down

$376,257

Down $241,277 (-39%) from 2020

Net Income

Up

$1,014,195

Up $982,358 (+3086%) from 2020

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

2021

Assets$6,123,484
Liabilities$228,375
Net Assets$5,895,109

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

2021

Revenue$1,390,452
Expenses$376,257
Net Income$1,014,195
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 4, 2022
Return Version
2021v4.0
Gross Receipts
$1,390,452
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$5,565,152$6,099,980▲ $534,828
Cash and Non-Interest-Bearing Accounts$37,376$21,467▼ $15,909
Prepaid Expenses and Deferred Charges$1,958$2,037▲ $79
Total Assets$5,604,486$6,123,484▲ $518,998
Liabilities
Escrow Account Liability$165,267$174,886▲ $9,619
Other Liabilities$56,845$53,489▼ $3,356
Total Liabilities$222,112$228,375▲ $6,263
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,933,454$5,384,136▲ $450,682
Net Assets With Donor Restrictions$448,920$510,973▲ $62,053
Total Net Assets Fund Balance$5,382,374$5,895,109▲ $512,735
Total Liabilities and Net Assets / Fund Balance$5,604,486$6,123,484▲ $518,998

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$5,338$5,338
Equipment-$3,294$3,294
Other Land Buildings-$624$624

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$448,920$17,065▲ $64,682-$510,972
2020$406,767$12,238▲ $35,897-$448,920
2019$341,200$14,990▲ $60,124-$406,767
2018$149,465$230,113▼ $28,425-$341,200
2017$98,601$42,421▲ $13,243-$149,465
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$142,900
Program Service Revenue
$0
Investment Income
$1,247,352
Other Revenue
$200
All Other Contributions
$142,900
Change in Net Assets
$1,014,195

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,390,452
Revenue Not Reported on Form 990
$-504,816
Total Revenue per Audited Statements
$885,636
Total Revenue per Form 990
$1,390,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$232,521
Salaries, Compensation, and Employee Benefits$84,457
Other Expenses$59,279
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$232,521--$232,521
Other Salaries and Wages-$78,293-$78,293
Fees for Services Accounting-$14,253-$14,253
Payroll Taxes-$6,164-$6,164
Office Expenses-$3,378-$3,378
Other Expenses$8,300$3,043-$3,043
Occupancy-$2,600-$2,600
Insurance-$2,202-$2,202
Travel-$1,373-$1,373
Conferences and Meetings-$393-$393
Fees for Services Legal-$10-$10
Total Functional Expenses$240,821$135,436$0$376,257

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$376,257
Total Expenses per Form 990$376,257
Total Expenses per Audited Statements$372,901
Expenses Not Reported on Form 990$-3,356
International Activity

Grant and Assistance Recipients

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$53,489
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 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

Form 990 was presented to the executive committee of the board of directors during a regularly scheduled meeting. Members of the executive committee were given the opportunity to review the 990 prior to filing with the irs.

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
Phone
8158013035
Address
1525 S FOREST RD SUITE 200, FREEPORT, IL 61032

Signing Officer

Name
Jenny Blocker
Title
Treasurer
Phone
8158013035
Signed
2022-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Dehaven
Formed
2002
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
Benning Group LLC
Address
50 W DOUGLAS ST STE 300, FREEPORT, IL 61032-4135
Preparer
Jenny L Blocker
Phone
8152353157
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in value of annuity payable 3,356

Financial Statement Notes

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

The foundation acts as an agent for 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 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.

Schedule D, Page 4, Part XII, Line 2D

Change in annuity value -3,356

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02037
IRS990/PrincipalOfficerNm0MICHELLE DEHAVEN
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYInvestmentIncomeAmt0195845
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IRS990/PYTotalRevenueAmt0649371
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IRS990/ReconcilationRevenueExpnssAmt01014195
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IRS990ScheduleA/CommunityTrustInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0100586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0470908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0137744
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01305664
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0135381
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0172326
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0207476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0169592
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0841812
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0450
IRS990ScheduleA/PublicSupportCY170Pct00.60800
IRS990ScheduleA/PublicSupportPY170Pct00.64280
IRS990ScheduleA/PublicSupportTotal170Amt01305664
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0470908
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0137744
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01305664
IRS990ScheduleA/TotalSupportAmt02147476
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IRS990ScheduleD/AdditionsDuringYearAmt027849
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IRS990ScheduleD/BeginningBalanceAmt0165267
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0448920
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt017065
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0510972
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt064682
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt05982
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0406767
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt012238
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0448920
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt035897
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt09547
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0341200
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt014990
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0406767
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt060124
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt09953
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0149465
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0230113
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0341200
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-28425
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt04800
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt098601
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt042421
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0149465
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013243
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/DistributionsDuringYearAmt018230
IRS990ScheduleD/EndingBalanceAmt0174886
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03294
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03294
IRS990ScheduleD/ExpensesNotReportedAmt0-3356
IRS990ScheduleD/ExpensesSubtotalAmt0376257
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05338
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05338
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-504816
IRS990ScheduleD/OtherExpensesIncludedAmt0-3356
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0624
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053489
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITY PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.79710
IRS990ScheduleD/RevenueNotReportedAmt0-504816
IRS990ScheduleD/RevenueSubtotalAmt01390452
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ACTS AS AN AGENT FOR 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 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/ExplanationTxt3CHANGE IN ANNUITY VALUE -3,356
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/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.20290
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IRS990ScheduleD/TotalLiabilityAmt053489
IRS990ScheduleD/TotalRevenuePerForm990Amt01390452
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0885636
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0372901
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt06845
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt213800
IRS990ScheduleI/RecipientTable/CashGrantAmt37000
IRS990ScheduleI/RecipientTable/CashGrantAmt48500
IRS990ScheduleI/RecipientTable/CashGrantAmt56890
IRS990ScheduleI/RecipientTable/CashGrantAmt637500
IRS990ScheduleI/RecipientTable/CashGrantAmt77500
IRS990ScheduleI/RecipientTable/CashGrantAmt86280
IRS990ScheduleI/RecipientTable/CashGrantAmt925000
IRS990ScheduleI/RecipientTable/CashGrantAmt1011900
IRS990ScheduleI/RecipientTable/CashGrantAmt1118500
IRS990ScheduleI/RecipientTable/CashGrantAmt1210800
IRS990ScheduleI/RecipientTable/CashGrantAmt137800
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AMITY SOCIETY OF FREEPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FARMWORKER & LANDSCAPER ADVOCACY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FREEPORT ART MUSEUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3JDLF GIVES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4MADONNA RENEWAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5MALCOLM EATON ENTERPRISES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6NORTHERN ILLINOIS FOOD BANK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7NORTHWEST HOME START
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8RAMP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9RIVER BEND FOOD RESERVOIR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10SENIOR RESOURCE CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11TIMBER LAKE PLAYHOUSE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12UNITED WAY OF NORTHWEST IL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13VOICES OF STEPHENSON COUNTY
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 WAS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DURING A REGULARLY SCHEDULED MEETING. MEMBERS OF THE EXECUTIVE COMMITTEE WERE GIVEN THE OPPORTUNITY TO REVIEW THE 990 PRIOR TO FILING WITH THE IRS.
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/ExplanationTxt3CHANGE IN VALUE OF ANNUITY PAYABLE 3,356
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05604486

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