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Nonprofiteer
← COMMUNITY FOUNDATION OF WILL COUNTY

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF WILL COUNTY.

Totals

Total revenue
$897,159
Total expenses
$825,198
Contributions and grants received
$500,160
Grants paid
$478,714
Program service revenue
$94,618
Investment income
$302,381
Other revenue
$0
Total assets, end of year
$10,178,352
Total liabilities, end of year
$391,599
Net assets or fund balances, end of year
$9,786,753
Program services expenses (Part IX)
$620,913
Management and general expenses
$104,663
Fundraising expenses
$99,622
Program service expenses (Part III)
$620,913

Program services were 75.2% 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.

  • 1f · All other contributions, gifts and grants

    $500,160

  • 2a · Program service revenue

    total $94,618 · excluded $94,618

  • 3 · Investment income

    total $336,507 · excluded $336,507

  • 7a · Gross sales of assets other than inventory

    securities $715,371

  • 7b · Less cost or other basis and sales expenses

    securities $749,497

  • 7c · Gain or loss

    securities -$34,126

  • 7d · Net gain or loss

    total -$34,126 · excluded -$34,126

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $476,714 · program services $476,714

  • 2 · Grants to domestic individuals

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

  • 7 · Other salaries and wages

    total $61,200 · program services $12,852 · management and general $24,480 · fundraising $23,868

  • 10 · Payroll taxes

    total $5,756 · program services $1,209 · management and general $2,302 · fundraising $2,245

  • 11a · Fees: management

    total $94,618 · program services $94,618

  • 11b · Fees: legal

    total $1,225 · program services $257 · management and general $490 · fundraising $478

  • 11f · Fees: investment management

    total $15,760 · management and general $15,760

  • 11g · Fees: other

    total $92,811 · program services $19,491 · management and general $37,124 · fundraising $36,196

  • 12 · Advertising and promotion

    total $8,781 · program services $3,776 · management and general $3,600 · fundraising $1,405

  • 13 · Office expenses

    total $3,116 · program services $655 · management and general $1,246 · fundraising $1,215

  • 14 · Information technology

    total $23,334 · program services $4,900 · management and general $9,334 · fundraising $9,100

  • 17 · Travel

    total $9,968 · program services $2,093 · management and general $3,987 · fundraising $3,888

  • 19 · Conferences, conventions and meetings

    total $1,818 · program services $382 · management and general $727 · fundraising $709

  • 22 · Depreciation, depletion and amortization

    total $2,300 · program services $483 · management and general $920 · fundraising $897

  • 23 · Insurance

    total $40 · program services $8 · management and general $16 · fundraising $16

  • 24a · Other expenses: SPECIAL EVENTS

    total $17,430 · fundraising $17,430

  • 24b · Other expenses: WEBSITE

    total $4,702 · program services $987 · management and general $1,881 · fundraising $1,834

  • 24c · Other expenses: BANK AND CREDIT CARD FEES

    total $2,228 · management and general $2,228

  • 24d · Other expenses: MEMBERSHIPS AND DUES

    total $883 · program services $380 · management and general $362 · fundraising $141

  • 24e · All other expenses

    total $514 · program services $108 · management and general $206 · fundraising $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,893 · end of year $285,906

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,888 · end of year $10,020

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

    $11,500

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

    $3,450

  • 10c · Land, buildings and equipment, net

    beginning of year $10,350 · end of year $8,050

  • 11 · Investments: publicly traded securities

    beginning of year $8,285,121 · end of year $9,873,325

  • 15 · Other assets

    beginning of year $1,366 · end of year $1,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,751 · end of year $20,854

  • 25 · Other liabilities

    beginning of year $304,459 · end of year $370,745

  • 27 · Net assets without donor restrictions

    beginning of year $688,308 · end of year $911,614

  • 28 · Net assets with donor restrictions

    beginning of year $7,496,100 · end of year $8,875,139

Mission and programs · 2023

Mission

THE COMMUNITY FOUNDATION OF WILL COUNTY CONNECTS PEOPLE WHO CARE, TO CAUSES THAT MATTER TO IMPROVE THE LIVES OF WILL COUNTY RESIDENTS. THE FOUNDATION SEEKS TO BUILD PARTNERSHIPS TO STRENGTHEN RELATIONSHIPS AND IDENTIFY NEEDS AMONG NON-PROFIT ORGANIZATIONS, PROFESSIONAL ADVISORS, DONORS, AND COMMUNITY STAKEHOLDERS.

  • THE COMMUNITY FOUNDATION OF WILL COUNTY IS THE LEADING FACILITATOR OF PHILANTHROPY IN OUR COMMUNITY AND A RESOURCEFUL LEADER IN MAKING A DIFFERENCE THROUGH EFFECTIVE COMMUNITY INVESTING.

    Expenses $620,913 · Grants $478,714 · Revenue $94,618

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

Listed in Part VII

  • MATT SCHIMANSKI

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • PETER COLARELLI

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR NADIA CARPANZANO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARC GORSCH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • EDNA BRASS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR DAVID LIVINGSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TYLER QUALIO JD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR THERESA ROUSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TRICIA SIMPSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RODNEY TONELLI

    BOARD 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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
20 February 2025
IRS schema version
2023v6.0
Source object
202540629349301804

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.