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Nonprofiteer
← GREATER FREEPORT PARTNERSHIP

Form 990 for tax year 2023

Filed by GREATER FREEPORT PARTNERSHIP.

Totals

Total revenue
$1,055,011
Total expenses
$960,260
Contributions and grants received
$961,991
Grants paid
$0
Program service revenue
$59,613
Investment income
$7,909
Other revenue
$25,498
Total assets, end of year
$934,991
Total liabilities, end of year
$500,623
Net assets or fund balances, end of year
$434,368
Program services expenses (Part IX)
$717,074
Management and general expenses
$200,044
Fundraising expenses
$43,142
Program service expenses (Part III)
$717,074

Program services were 74.7% 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.

  • 1b · Membership dues

    $232,980

  • 1c · Fundraising events

    $61,934

  • 1e · Government grants (contributions)

    $532,862

  • 1f · All other contributions, gifts and grants

    $134,215

  • 1g · Noncash contributions included above

    $11,722

  • 2a · Program service revenue: MEMBER DUES

    total $59,613 · related or exempt $59,613

  • 3 · Investment income

    total $7,909 · related or exempt $7,909

  • 8a · Fundraising events: gross income

    $98,800

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

    $61,934

  • 8b · Fundraising events: direct expenses

    $138,564

  • 8c · Net income from fundraising events

    total -$39,764

  • 10a · Gross sales of inventory

    $5,161

  • 10b · Cost of goods sold

    $2,850

  • 10c · Net income from sales of inventory

    total $2,311 · related or exempt $2,311

  • 11a · Other revenue: OTHER INCOME

    total $62,951 · related or exempt $62,951

  • 11e · Other revenue, total

    $62,951

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $192,692 · program services $161,646 · management and general $15,523 · fundraising $15,523

  • 7 · Other salaries and wages

    total $289,862 · program services $217,891 · management and general $48,297 · fundraising $23,674

  • 9 · Other employee benefits

    total $45,340 · program services $36,737 · management and general $8,603

  • 10 · Payroll taxes

    total $39,652 · program services $30,963 · management and general $5,691 · fundraising $2,998

  • 11b · Fees: legal

    total $656 · management and general $656

  • 11c · Fees: accounting

    total $39,705 · management and general $39,705

  • 12 · Advertising and promotion

    total $28,308 · program services $28,308

  • 13 · Office expenses

    total $20,472 · program services $16,585 · management and general $3,887

  • 14 · Information technology

    total $15,651 · program services $15,621 · management and general $30

  • 16 · Occupancy

    total $112,613 · program services $100,168 · management and general $12,445

  • 17 · Travel

    total $326 · program services $326

  • 19 · Conferences, conventions and meetings

    total $14,570 · program services $14,554 · management and general $16

  • 20 · Interest

    total $65 · management and general $65

  • 22 · Depreciation, depletion and amortization

    total $7,462 · program services $6,138 · management and general $1,324

  • 23 · Insurance

    total $6,633 · program services $5,560 · management and general $1,073

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $69,420 · program services $11,037 · management and general $58,383

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $64,664 · program services $64,664

  • 24c · Other expenses: DUES & MEMBERSHIPS

    total $9,802 · program services $5,629 · management and general $4,173

  • 24d · Other expenses: CREDIT CARD FEES

    total $1,944 · program services $997 · fundraising $947

  • 24e · All other expenses

    total $423 · program services $250 · management and general $173

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,601 · end of year $80,498

  • 2 · Savings and temporary cash investments

    beginning of year $251,426 · end of year $259,208

  • 4 · Accounts receivable

    beginning of year $145,659 · end of year $146,229

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,444 · end of year $18,141

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

    $85,321

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

    $70,232

  • 10c · Land, buildings and equipment, net

    beginning of year $22,551 · end of year $15,089

  • 15 · Other assets

    beginning of year $462,134 · end of year $415,826

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,143 · end of year $44,297

  • 19 · Deferred revenue

    beginning of year $3,000 · end of year $1,860

  • 23 · Secured mortgages and notes payable

    beginning of year $30,000

  • 25 · Other liabilities

    beginning of year $491,055 · end of year $454,466

  • 27 · Net assets without donor restrictions

    beginning of year $324,798 · end of year $399,593

  • 28 · Net assets with donor restrictions

    beginning of year $14,819 · end of year $34,775

Mission and programs · 2023

Mission

TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT AND ENHANCEMENT IN NORTHWEST ILLINOIS.

  • ECONOMIC AND COMMUNITY DEVELOPMENT AND ENHANCEMENT

    Expenses $717,074 · Revenue $1,055,011

As filed on the 2023 return.

Listed in Part VII

  • MARK WILLIAMS

    FORMER EXEC

    Total calculated
    $112,775
    From this org
    $103,486
    From related orgs
    $0
    Other
    $9,289
    Hours/week
    40

  • GARY QUINN

    CHAIR EMERIT

    Total calculated
    $0
    Hours/week
    3

  • MARK GRIDLEY

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • CHRIS SCHNEIDERMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • JOSH ELLIOTT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • DELBERT BUNKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ROB BOYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DEREK THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • LARRY FEINER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MIKE MARTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CAROLYN MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • AMY BAKER

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ANNA ALVARADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ROSS VEHMEIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CHRIS KUBERSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • GEORGIA NEWCOMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ANDREA SCHULTZ WINTER

    EXECUTIVE DI

    Total calculated
    $91,882
    From this org
    $89,206
    From related orgs
    $0
    Other
    $2,676
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.0
Source object
202402339349301220

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