Form 990 for tax year 2024
Filed by KIWANIS CHARITIES OF ROCKFORD INC.
Totals
- Total revenue
- $377,020
- Total expenses
- $185,177
- Contributions and grants received
- $57,435
- Grants paid
- $154,465
- Program service revenue
- $0
- Investment income
- $321,591
- Other revenue
- -$2,006
- Total assets, end of year
- $3,292,427
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,292,427
- Program services expenses (Part IX)
- $160,121
- Management and general expenses
- $25,056
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $160,121
Program services were 86.5% 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
$43,000
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$14,435
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $93,107 · related or exempt $0 · unrelated business $0 · excluded $93,107
-
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
-
7a · Gross sales of assets other than inventory
securities $1,239,984 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $1,011,500 · other assets $0
-
7c · Gain or loss
securities $228,484 · other assets $0
-
7d · Net gain or loss
total $228,484 · related or exempt $0 · unrelated business $0 · excluded $228,484
-
8a · Fundraising events: gross income
$33,789
-
8a · Fundraising events: contributions included on line 1c
$43,000
-
8b · Fundraising events: direct expenses
$35,795
-
8c · Net income from fundraising events
total -$2,006 · unrelated business $0 · excluded -$2,006
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $136,665 · program services $136,665
-
2 · Grants to domestic individuals
total $17,800 · program services $17,800
-
11a · Fees: management
total $108 · management and general $108
-
11b · Fees: legal
total $3,992 · management and general $3,992
-
11f · Fees: investment management
total $19,870 · management and general $19,870
-
11g · Fees: other
total $0
-
13 · Office expenses
total $1,050 · management and general $1,050
-
24e · All other expenses
total $5,692 · program services $5,656 · management and general $36 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $74,468 · end of year $84,238
-
2 · Savings and temporary cash investments
beginning of year $46,276 · end of year $72,895
-
11 · Investments: publicly traded securities
beginning of year $2,984,600 · end of year $3,135,294
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $3,105,344 · end of year $3,292,427
Mission and programs · 2024
Mission
To serve the children of the Rockford area through educational scholarship grants and grants to local 501(c)(3) organizations that assist children and their families through educational, leisure and social activities.
Activities or mission (Part I)
Mission: The Kiwanis Charities of Rockford is a not-for-profit organization of service-minded volunteers guided by the objectives of Kiwanis International. Our purpose is to improve the quality of life for the youth we serve by fostering their health, academic success, character development and their dreams for the future. Our activities are educational scholarships and grants to other 501(c)(3) organizations that further our purpose.
-
Grants to other 501(c)(3) non-profit organizations
Expenses $136,665 · Grants $136,665
-
Scholarships to high school seniors for freshman year college expenses
Expenses $17,800 · Grants $17,800 · Revenue $13,800
-
Expenses related to programs run by Kiwanis Charities of Rockford members to introduce high school and middle school students to service to their community.
Expenses $4,260
-
Direct support of children in programs of other 501(C)(3) entities in the Winnebago County community.
Expenses $1,396
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Carl Palmgren
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pam Clark-Redienbach
Overseer
- Total calculated
- $0
- Hours/week
- 0.25
-
Shirley Davidson
Director
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Carol Gerrond
Director
- Total calculated
- $0
- Hours/week
- 1
-
Karin Alfors
Director and Overseer
- Total calculated
- $0
- Hours/week
- 1.25
-
Janell Drolsum
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ann Russell
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Buzzard
Overseer
- Total calculated
- $0
- Hours/week
- 0.25
-
Lori Berkes-Nelson
President
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
MaryKay Garganera
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steven Ellison
President Elect
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Jennifer Reisinger
Past President
- Total calculated
- $0
- Hours/week
- 0.5
-
Mary Price
Secretary
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Darlene Riddle
Asst Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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
-
$25,000
construction of indoor Equine Center
-
$25,000
reconstruction of path to facility's garden to make accessible for all their clients, regardless of mobility issues.
-
$20,000
contribution toward capital campaign for build-out of new headquarters in Rockford.
-
$12,500
FIT Girls Project, a mentoring program for teen girls
-
$11,675
-
$10,000
program to combat youth gun violence
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.
-
Kiwanis Club of Rockford Illinoia
501(c)(4) · Support the activities of Kiwanis Charities of Rockford and provide fellowship among members · IL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 May 2026
- IRS schema version
- 2024v5.0
- Source object
- 202621299349300647
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.