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Nonprofiteer
← VILLAGE OF PROGRESS FOUNDATION INC

Form 990 for tax year 2023

Filed by VILLAGE OF PROGRESS FOUNDATION INC.

Totals

Total revenue
$1,113,683
Total expenses
$269,236
Contributions and grants received
$810,791
Grants paid
$56,000
Program service revenue
$0
Investment income
$59,655
Other revenue
$243,237
Total assets, end of year
$2,303,534
Total liabilities, end of year
$47,240
Net assets or fund balances, end of year
$2,256,294
Program services expenses (Part IX)
$56,000
Management and general expenses
$213,236
Fundraising expenses
$0
Program service expenses (Part III)
$56,000

Program services were 20.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $25,352

  • 1d · Related organizations

    $725,000

  • 1f · All other contributions, gifts and grants

    $60,439

  • 3 · Investment income

    total $59,655 · excluded $59,655

  • 6a · Gross rents

    real property $94,281

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $94,281

  • 6d · Net rental income or loss

    total $94,281 · excluded $94,281

  • 8a · Fundraising events: gross income

    $22,795

  • 8a · Fundraising events: contributions included on line 1c

    $25,352

  • 8b · Fundraising events: direct expenses

    $11,805

  • 8c · Net income from fundraising events

    total $10,990 · excluded $10,990

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $137,966 · excluded $137,966

  • 11e · Other revenue, total

    $137,966

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,000 · program services $54,000

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 11a · Fees: management

    total $51,444 · management and general $51,444

  • 11c · Fees: accounting

    total $9,280 · management and general $9,280

  • 11f · Fees: investment management

    total $14,327 · management and general $14,327

  • 11g · Fees: other

    total $8,621 · management and general $8,621

  • 13 · Office expenses

    total $38,529 · management and general $38,529

  • 16 · Occupancy

    total $49,343 · management and general $49,343

  • 22 · Depreciation, depletion and amortization

    total $31,712 · management and general $31,712

  • 23 · Insurance

    total $9,980 · management and general $9,980

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,969 · end of year $82,997

  • 2 · Savings and temporary cash investments

    beginning of year $16,526 · end of year $33,759

  • 4 · Accounts receivable

    beginning of year $28,901 · end of year $26,894

  • 10a · Land, buildings and equipment: cost or other basis

    $838,675

  • 10b · Land, buildings and equipment: accumulated depreciation

    $403,621

  • 10c · Land, buildings and equipment, net

    beginning of year $457,609 · end of year $435,054

  • 11 · Investments: publicly traded securities

    beginning of year $893,452 · end of year $1,724,830

  • 17 · Accounts payable and accrued expenses

    beginning of year $110,558 · end of year $18,554

  • 19 · Deferred revenue

    beginning of year $25,813 · end of year $28,686

  • 27 · Net assets without donor restrictions

    beginning of year $1,277,456 · end of year $2,230,372

  • 28 · Net assets with donor restrictions

    beginning of year $30,630 · end of year $25,922

Mission and programs · 2023

Mission

THE PRIMARY PURPOSE OF OUR FOUNDATION IS TO SECURE THE FUNDS AND RESOURCES NECESSARY TO ENSURE THAT THE NEEDS OF THE OGLE COUNTY POPULATION WITH DISABILITIES WILL BE MET TODAY AND FOR YEARS TO COME. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF AND TO PROMOTE THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE VILLAGE OF PROGRESS, INC., AN ILLINOIS NOT FOR PROFIT CORPORATION.

Activities or mission (Part I)

SECURE FUNDING FOR CHARITABLE AND EDUCATIONAL USES FOR PHYSICALLY AND/OR MENTALLY HANDICAPPED.

  • THE ORGANIZATION PROVIDES FINANCIAL SUPPORT AND STABILITY TO VILLAGE OF PROGRESS, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES SERVICES TO ADULTS IN OGLE COUNTY WITH DEVELOPMENTAL DISABILITIES. THE FOUNDATION ALSO OFFERS GRANTS TO ADULTS WITH DISABILITIES WHO WISH TO ATTEND THE VILLAGE OF PROGRESS BUT LACK THE FINANCIAL RESOURCES OR STATE FUNDING TO DO SO. THE FOUNDATION ALSO OFFERS SCHOLARSHIPS TO AREA HIGH SCHOOL SENIORS AND COLLEGE STUDENTS WHO EITHER HAVE A DISABILITY OR ARE ENTERING INTO DISABILITIES-RELATED FIELD OF EDUCATION.

    Expenses $56,000 · Grants $56,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brion Brooks

    DIRECTOR

    Total calculated
    $132,845
    From this org
    $0
    From related orgs
    $110,874
    Other
    $21,971
    Hours/week
    0.5

  • Dave Smith

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Martin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Clinton III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Wanda Cacciatore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Pat Donahue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Glen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brett Herrmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rob Urish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Larry Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • VILLAGE OF PROGRESS INC

    $54,000

    USED TO SUPPORT PROGRAMS THAT ASSIST THE PHYSICALLY AND/OR THE MENTALLY HANDICAPPED IN NORTHERN ILLINOIS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 March 2025
IRS schema version
2023v6.0
Source object
202511219349302166

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