Civic Intelligence

Winston Knolls Foundation for Thriving

EIN 83-2223613 • 501(c)3 • Elgin, IL

Profile

Provide philanthropic support for projects, programs, equipment, services and initiatives of the bancroft school, hold title to and manage assets used by the bancroft school and promote the improvement of the facilities and services of the bancroft school.

1500 Executive DriveElgin, IL 60123

www.winstonknolls-hecampus.org/WINSTON-KN

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.90x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

73.02x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

4th percentile

-89%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

97th percentile

159%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

42%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,981,114

Down $55,023 (-1.4%) from 2023

Liabilities

Down

$3,361,041

Down $138,023 (-3.9%) from 2023

Net Assets

Up

$620,073

Up $83,000 (+15%) from 2023

Revenue

Down

$445,521

Down $67,368 (-13%) from 2023

Expenses

Up

$362,521

Up $27,913 (+8.3%) from 2023

Net Income

Down

$83,000

Down $95,281 (-53%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2019: $546,862Liabilities 2019: $12,859Net Assets 2019: $534,0032019Assets 2020: $388,926Liabilities 2020: $4,442Net Assets 2020: $384,4842020Assets 2021: $1,435,455Liabilities 2021: $1,035,740Net Assets 2021: $399,7152021Assets 2022: $3,718,719Liabilities 2022: $3,359,927Net Assets 2022: $358,7922022Assets 2023: $4,036,137Liabilities 2023: $3,499,064Net Assets 2023: $537,0732023Assets 2024: $3,981,114Liabilities 2024: $3,361,041Net Assets 2024: $620,0732024

Highlighted filing

2024

Assets$3,981,114
Liabilities$3,361,041
Net Assets$620,073

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2019: $559,765Expenses 2019: $25,762Net Income 2019: $534,0032019Revenue 2020: $7,852Expenses 2020: $157,371Net Income 2020: -$149,5192020Revenue 2021: $32,449Expenses 2021: $26,488Net Income 2021: $5,9612021Revenue 2022: $46,011Expenses 2022: $86,934Net Income 2022: -$40,9232022Revenue 2023: $512,889Expenses 2023: $334,608Net Income 2023: $178,2812023Revenue 2024: $445,521Expenses 2024: $362,521Net Income 2024: $83,0002024

Highlighted filing

2024

Revenue$445,521
Expenses$362,521
Net Income$83,000

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 28, 2025
Return Version
2023v6.0
Gross Receipts
$495,464
Mission and Program Overview

Mission

Provide philanthropic support for projects, programs, equipment, services and initiatives of the bancroft school, hold title to and manage assets used by the bancroft school and promote the improvement of the facilities and services of the bancroft school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,558,790$3,442,180▼ $116,610
Savings and Temporary Cash Investments$239,273$152,552▼ $86,721
Cash and Non-Interest-Bearing Accounts$45,217$91,457▲ $46,240
Prepaid Expenses and Deferred Charges-$11,574-
Accounts Receivable$800$840▲ $40
Total Assets$4,036,137$3,981,114▼ $55,023
Other Assets Total$192,057$282,511▲ $90,454
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,475,000$3,331,848▼ $143,152
Accounts Payable and Accrued Expenses$24,064$29,193▲ $5,129
Total Liabilities$3,499,064$3,361,041▼ $138,023
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$537,073$620,073▲ $83,000
Total Net Assets Fund Balance$537,073$620,073▲ $83,000
Total Liabilities and Net Assets / Fund Balance$4,036,137$3,981,114▼ $55,023

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,924,088$244,958$3,169,046
Land$490,000-$490,000
Equipment$28,092$7,749$35,841
Other Assets Org$282,511--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ross BiankChair
Val BelmontePresident
Wayne SeyboldVice-president
Dominic BelmonteSecretary
Kevin DulinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,719
Program Service Revenue
$0
Investment Income
$3,393
Other Revenue
$413,409
All Other Contributions
$6,281
Change in Net Assets
$83,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$445,521
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$49,943
Total Revenue per Audited Statements
$495,464
Total Revenue per Form 990
$445,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$340,121
Professional Fundraising Fees$22,400
Total Fundraising Expense$22,400
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$178,872--$178,872
Depreciation Depletion$128,034--$128,034
Fees for Services Professional Fundraising--$22,400$22,400
Fees for Services Accounting-$12,100-$12,100
Office Expenses-$8,954-$8,954
Travel-$4,353-$4,353
Fees for Services Legal-$2,563-$2,563
Other Expenses$240$4,600-$240
Total Functional Expenses$307,551$32,570$22,400$362,521

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$412,464
Expenses per Audited Statements$362,521
Total Expenses per Form 990$362,521
Expenses Not Reported on Form 990$49,943
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$24,496
Professional Fundraising Fees$22,400
Fundraising Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$22,438-$2,545-
Total Events$22,438-$24,496$-24,496
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

President val belmonte and secretary dominic belmonte have a family relationship.

Form 990, Part VI, Section B, Line 11B

The organization's board members have reviewed the current year 990. The board will review the 990 on an annual basis.

Form 990, Part VI, Section B, Line 12C

The organization's board reviews compliance with the conflict of interest policy on a periodic basis.

Form 990, Part VI, Section C, Line 19

Documents are available to the public upon board approval.

Filing and Contact Details

Filer

Filer Name
Winston Knolls Foundation for Thriving
EIN
83-2223613
Phone
6302833221
Address
1500 EXECUTIVE DRIVE, ELGIN, IL 60123

Signing Officer

Name
Val Belmonte
Title
President and CEO
Phone
6302833221
Signed
2025-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Val Belmonte
Formed
2018
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Selden Fox Ltd
Address
ONE PARKVIEW PLAZA SUITE 710, OAKBROOK TERRACE, IL 60181
Preparer
Paul J Rozek
Phone
6309541400
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 25,447. Fundraising event expenses 24,496.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 25,447. Fundraising event expenses 24,496.

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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0282511
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED RENT ASSET
IRS990ScheduleD/OtherExpensesIncludedAmt049943
IRS990ScheduleD/OtherRevenueAmt049943
IRS990ScheduleD/RevenueNotReportedAmt049943
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0445521
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES 25,447. FUNDRAISING EVENT EXPENSES 24,496.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES 25,447. FUNDRAISING EVENT EXPENSES 24,496.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03442180
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0282511
IRS990ScheduleD/TotalExpensesPerForm990Amt0362521
IRS990ScheduleD/TotalRevenuePerForm990Amt0445521
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0495464
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0412464
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0GRANT WRITING AND GRANT CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1GRANT WRITING AND GRANT CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd10
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt10
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-11200
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt1-11200
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0MARIAH MADSON
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm1WALTER TAYLOR
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt011200
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt111200
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt05256 S RIDGEWAY AVE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt18601 S ABERDEEN ST
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1CHICAGO
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd060632
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd160620
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt022438
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt022438
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt024496
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02125
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02125
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt010788
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt010788
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt022438
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt022438
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-24496
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt03614
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt03614
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02545
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02545
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05424
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05424
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0PAYMENTS WERE MADE TO INDIVIDUALS PROVIDING GRANT-WRITING SERVICES AND CONSULTING.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART I, LINE 2B, COLUMN (V)
IRS990ScheduleG/TotalNetToOrganizationAmt0-22400
IRS990ScheduleG/TotalRetainedByContractorsAmt022400
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt035000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0152232
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt02472
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VAL BELMONTE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0189704
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0A RELATED ORGANIZATION COMPENSATES THE PRESIDENT. THAT ORGANIZATION UTILIZES A COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE TO SET COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT VAL BELMONTE AND SECRETARY DOMINIC BELMONTE HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BOARD MEMBERS HAVE REVIEWED THE CURRENT YEAR 990. THE BOARD WILL REVIEW THE 990 ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BOARD REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON A PERIODIC BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE BANCROFT SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0364406348
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE SERVICES FOR CHILDREN WITH AUTISM SPECTRUM DISORDER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01500 EXECUTIVE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ELGIN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060123
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01

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