Form 990 for tax year 2024

Filed by MARKLUND CHARITIES.

Totals

Total revenue: $8,463,221
Total expenses: $1,445,119
Contributions and grants received: $6,638,903
Grants paid: $0
Program service revenue: $0
Investment income: $1,824,318
Other revenue: $0
Total assets, end of year: $30,018,983
Total liabilities, end of year: $290,784
Net assets or fund balances, end of year: $29,728,199
Program services expenses (Part IX): $0
Management and general expenses: $0
Fundraising expenses: $1,445,119
Program service expenses (Part III): $0

Program services were 0.0% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$696,048
1d · Related organizations

$0
1e · Government grants (contributions)

$266,947
1f · All other contributions, gifts and grants

$5,675,908
1g · Noncash contributions included above

$0
3 · Investment income

total $1,824,318 · related or exempt $1,824,318 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$696,048
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $0 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $1,237,109 · program services $0 · management and general $0 · fundraising $1,237,109
11b · Fees: legal

total $7,500 · program services $0 · management and general $0 · fundraising $7,500
11c · Fees: accounting

total $33,504 · program services $0 · management and general $0 · fundraising $33,504
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $9,010 · program services $0 · management and general $0 · fundraising $9,010
13 · Office expenses

total $43,601 · program services $0 · management and general $0 · fundraising $43,601
14 · Information technology

total $37,814 · program services $0 · management and general $0 · fundraising $37,814
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $43,284 · program services $0 · management and general $0 · fundraising $43,284
17 · Travel

total $4,961 · program services $0 · management and general $0 · fundraising $4,961
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $1,812 · program services $0 · management and general $0 · fundraising $1,812
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24e · All other expenses

total $26,524 · program services $0 · management and general $0 · fundraising $26,524

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $200 · end of year $200
2 · Savings and temporary cash investments

end of year $0
3 · Pledges and grants receivable

beginning of year $375,391 · end of year $229,462
4 · Accounts receivable

beginning of year $24,975 · end of year $43,315
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $24,606 · end of year $24,703
10a · Land, buildings and equipment: cost or other basis

$159,525
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $159,525 · end of year $159,525
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $22,916,451 · end of year $25,092,347
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $2,076,977 · end of year $4,469,431
17 · Accounts payable and accrued expenses

beginning of year $171,525 · end of year $290,784
27 · Net assets without donor restrictions

beginning of year $16,827,243 · end of year $21,163,204
28 · Net assets with donor restrictions

beginning of year $8,579,357 · end of year $8,564,995

Mission and programs · 2024

Mission

To provide funding to perform the functions, carry out the purpose of, and operate for the benefit of Marklund Children's Home d/b/a Marklund EIN #36-2652532, a 501(c)(3) organization. Both organizations focus on Making everyday life possible for individuals with profound disabilities.

Activities or mission (Part I)

To provide funding to perform the functions, carry out the purpose of and operate for the benefit of Marklund Children's Home d/b/a Marklund EIN #36-2652532, a 501(c)(3) organization. The various fundraising activities, Capital Campaigns, Donations for Endowment, and Holiday drives have enabled Marklund Children's Home to continue providing top quality care to its residents and and run reputable day programs for clients/students residing in the community.

During the year Marklund Charities released funds from restriction to support various programs of Marklund Operations
During the fiscal year Marklund Charities released $1,696,143 to Marklund to cover operating expenses.
During the fiscal year Marklund Charities released $ 1,753,834 to Marklund Children's Home for acquisition of property, plant, and equipment.

As filed on the 2024 return.

Listed in Part VII

Gilbert Fonger

President/CEO

Total calculated

$407,000

From this org

$0

From related orgs

$407,000

Other

$0

Hours/week

10 + 30 related

Schedule J breakdown matched by us

Base

$0 + $330,000 related

Bonus

$0 + $45,000 related

Other

$0 + $47,107 related

Deferred

$0

Nontaxable benefits

$0

Filer's total

$0 + $422,107 related
Yaneth Medina

Member

Total calculated

$0

Hours/week

1
Gerry Estes

Member

Total calculated

$0

Hours/week

1
Dan Foley

Member

Total calculated

$0

Hours/week

1
Laura Karlins

Member

Total calculated

$0

Hours/week

1
Frank J Murnane Jr

Member

Total calculated

$0

Hours/week

1
Karyn Fitch

Member

Total calculated

$0

Hours/week

1
Aristides Smith

Member

Total calculated

$0

Hours/week

1
Daniel Whiston

Member

Total calculated

$0

Hours/week

1
Carol Donahue

Vice Chair

Total calculated

$0

Hours/week

1
Jim Armbruster

Chair

Total calculated

$0

Hours/week

1
Jerry Finis

Chairman

Total calculated

$0

Hours/week

1
Mike Herlihy

Chairman

Total calculated

$0

Hours/week

1
Carie Carney

Member

Total calculated

$0

Hours/week

1
Maleeha Basha

Member

Total calculated

$0

Hours/week

1
Laura Karlin

Member

Total calculated

$0

Hours/week

1
Julie Schrager

Member

Total calculated

$0

Hours/week

1
David Van Daff

Member

Total calculated

$0

Hours/week

1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Written employment contract
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Marklund Children's Home

Long Term Care facility & Private non public school · IL

Provenance

Return type: form_990
Tax year: 2024
Filed: 29 January 2026
IRS schema version: 2024v5.0
Source object: 202600309349300900

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