Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
The Liam Foundation
990EZ • Fiscal year 2024 • EIN 84-4868502
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
73rd percentile
Higher debt load relative to revenue than 73% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Balance Sheet
Assets
Flat$0
Flat from 2023
Net Assets
Up-$4,680
Up $3,051 (+39%) from 2023
Liabilities
Down$4,680
Down $3,051 (-39%) from 2023
Revenue And Expenses
Revenue
Up$171,287
Up $77,658 (+83%) from 2023
Expenses
Up$168,236
Up $50,867 (+43%) from 2023
Net Income
Up$3,051
Up $26,791 (+113%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 9, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $171,287
Mission and Program Overview
Mission
LGBTQIA+
Program Services
| Description | Grants | Expenses |
|---|---|---|
| OUR MISSION IS TO ENCOURAGE, HEAL, AND EMPOWER THE LGBTQIA+ COMMUNITY IN NORTHERN IL THROUGH LOVE, INTEGRITY, ADVOCACY, AND MENTORSHIP. | - | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| PHYLLIS GALLISATH | Executive Director | - | $0 | - | - |
| LIEN VU | President | - | $0 | - | - |
| PATRICK MURPHY III | Treasurer | - | $0 | - | - |
| KRISTIN RAVEL | Vice President | - | $0 | - | - |
| JAMES SABANTHE | Secretary | - | $0 | - | - |
| DAVID BLACK | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Liam Foundation
- EIN
- 84-4868502
- In Care Of
- % PHYLLIS GALLISATH
- Phone
- 3313030818
- Address
- 1005 5TH AVE, Rockford, IL 61104
Signing Officer
- Name
- Phyllis Gallisath
- Title
- Executive Director
- Phone
- 8153191956
- Signed
- 2025-05-09
- Discuss with paid preparer
- No
Preparer
- Firm
- Ellis Tax Professionals
- Address
- 535 Loves Park Dr Ste 1, Loves Park, IL 61111
- Preparer
- Nicole Ellis
- Phone
- 8157086721
Supplemental Narrative
Additional Explanations
Description of other expenses Part I line 16
“Description AmountSTAFF APPRECIATION AND EDUCATION 160COSTS FOR NEW CENTER AND FURNISHING 693CAR AND TRUCK 1,118CLIENT HEALTHCARE 1,874CLIENT MEALS FOOD GROCERIES 3,093CLIENT CLOTHING 301CONTRACTOR 630DELIVERY FEE 39ENGAGING MEN AND BOYS PROJECT 4,334COMPLANCE AND RISK MGT 49ADVERTISING 3,962CLIENT COMMUNICATION 105CLIENT CRISIS SHELTER 6,088CLIENT FINANCIAL ASSIST 2,958CLIENT GENDER EXPRESSION 1,245CLIENT HOUSEHOLD 432CLIENT NAME CHANGE CLERK AND NEWSPA 3,831CLIENT RENTAL ASSISTANCE 2,335CLIENT TRANSPORTATION 2,293GAYLA EXPENSES 20,894EVENT COSTS 1,257JOB SUPPLIES 223LEGAL AND PROFESSIONAL FEES 250MEMBERSHIP DUES 250OTHER BUSINESS EXPENSES 332PROGRAM COSTS 328FOOD AND FOOD SUPPLIES FOR OFFICE 680MEETING MEALS AND SNACKS 1,692GROUP FACILITATOR 2,015TAXES AND LICENSES 398REFUNDS ON ITEMS PURCHASE 554REIMBURSABLE EXPENSES 488ADMIN BUSINESS COSTS 2,251BANK CHARGES AND FEES 20MILEAGE 1,361QUICKBOOKS ONLINE FEES 977STATE COMPLIANCE 11WEBSITE MGT 302CHARITABLE CONTRIBUTIONS 300”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearNEGATIVE BALANCE 2023 7,731 0NEGATIVE BALANCE 2024 0 4,680”
Raw XML Appendix165 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | PHYLLIS GALLISATH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LIEN VU |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | PATRICK MURPHY III |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KRISTIN RAVEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JAMES SABANTHE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | DAVID BLACK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 70123 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | LGBTQIA+ |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 15 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | OUR MISSION IS TO ENCOURAGE, HEAL, AND EMPOWER THE LGBTQIA+ COMMUNITY IN NORTHERN IL THROUGH LOVE, INTEGRITY, ADVOCACY, AND MENTORSHIP. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 81529 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 7731 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 4680 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 168236 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 171287 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.THELIAMFOUNDATION.ORG |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 171287 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 93630 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 96219 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 74791 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 435927 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 1 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 1 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 435927 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
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| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 435928 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountSTAFF APPRECIATION AND EDUCATION 160COSTS FOR NEW CENTER AND FURNISHING 693CAR AND TRUCK 1,118CLIENT HEALTHCARE 1,874CLIENT MEALS FOOD GROCERIES 3,093CLIENT CLOTHING 301CONTRACTOR 630DELIVERY FEE 39ENGAGING MEN AND BOYS PROJECT 4,334COMPLANCE AND RISK MGT 49ADVERTISING 3,962CLIENT COMMUNICATION 105CLIENT CRISIS SHELTER 6,088CLIENT FINANCIAL ASSIST 2,958CLIENT GENDER EXPRESSION 1,245CLIENT HOUSEHOLD 432CLIENT NAME CHANGE CLERK AND NEWSPA 3,831CLIENT RENTAL ASSISTANCE 2,335CLIENT TRANSPORTATION 2,293GAYLA EXPENSES 20,894EVENT COSTS 1,257JOB SUPPLIES 223LEGAL AND PROFESSIONAL FEES 250MEMBERSHIP DUES 250OTHER BUSINESS EXPENSES 332PROGRAM COSTS 328FOOD AND FOOD SUPPLIES FOR OFFICE 680MEETING MEALS AND SNACKS 1,692GROUP FACILITATOR 2,015TAXES AND LICENSES 398REFUNDS ON ITEMS PURCHASE 554REIMBURSABLE EXPENSES 488ADMIN BUSINESS COSTS 2,251BANK CHARGES AND FEES 20MILEAGE 1,361QUICKBOOKS ONLINE FEES 977STATE COMPLIANCE 11WEBSITE MGT 302CHARITABLE CONTRIBUTIONS 300 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Category Beginning of Year End of YearNEGATIVE BALANCE 2023 7,731 0NEGATIVE BALANCE 2024 0 4,680 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PHYLLIS GALLISATH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8153191956 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE LIAM FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LIAM |
| ReturnHeader/Filer/EIN | 0 | 844868502 |
| ReturnHeader/Filer/InCareOfNm | 0 | % PHYLLIS GALLISATH |
| ReturnHeader/Filer/PhoneNum | 0 | 3313030818 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1005 5TH AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Rockford |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 61104 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 863109065 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Ellis Tax Professionals |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 535 Loves Park Dr Ste 1 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Loves Park |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 61111 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8157086721 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NICOLE ELLIS |
| ReturnHeader/ReturnTs | 0 | 2025-05-09T18:46:03-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $4,680
- Net assets
- -$4,680
- Revenue
- $171,287
- Expenses
- $168,236
- Net income
- $3,051