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Nonprofiteer
← FORMAN VALLEY COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by FORMAN VALLEY COMMUNITY FOUNDATION INC.

Totals

Total revenue
$102,535
Total expenses
$139,123
Contributions and grants received
$1,491
Grants paid
$120,247
Program service revenue
$0
Investment income
$101,044
Other revenue
$0
Total assets, end of year
$2,342,079
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,342,079
Program services expenses (Part IX)
$120,247
Management and general expenses
$18,876
Fundraising expenses
$0
Program service expenses (Part III)
$120,247

Program services were 86.4% 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

    $1,491

  • 3 · Investment income

    total $101,044 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,247 · program services $120,247

  • 11b · Fees: legal

    total $149 · program services $0 · management and general $149 · fundraising $0

  • 11c · Fees: accounting

    total $675 · program services $0 · management and general $675 · fundraising $0

  • 24a · Other expenses: Illinois Secretary of State

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

  • 24b · Other expenses: Safe Deposit Box

    total $30 · program services $0 · management and general $30 · fundraising $0

  • 24c · Other expenses: Postal Box

    total $68 · program services $0 · management and general $68 · fundraising $0

  • 24d · Other expenses: Administrative Fee

    total $17,929 · program services $0 · management and general $17,929 · fundraising $0

  • 24e · All other expenses

    total $15 · program services $0 · management and general $15 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,992,436 · end of year $2,155,610

  • 11 · Investments: publicly traded securities

    beginning of year $153,459 · end of year $186,469

  • 27 · Net assets without donor restrictions

    beginning of year $2,145,895 · end of year $2,342,079

Mission and programs · 2023

Mission

Management and administration of charitable funds and making distributions to nonprofit organizations and individuals through a volunteer self-perpetuating Board of Directors.

  • Village of Green Valley New Construction at Park Pavilion

    Expenses $29,980 · Grants $29,980

  • Foreman Fire Protection Distict

    Expenses $35,500 · Grants $35,500

  • Midwest Central CUSD #191

    Expenses $15,000 · Grants $15,000

  • Village of Manito HVAC

    Expenses $13,500 · Grants $13,500

  • Forman Park District - Three Free Swimming Days

    Expenses $1,500 · Grants $1,500

  • Midwest Central High School Character Strong

    Expenses $3,999 · Grants $3,999

  • Emmanuel's Warehouse Foundation

    Expenses $4,268 · Grants $4,268

  • Forman Park District Stage Lights upgrade

    Expenses $10,000 · Grants $10,000

  • Craig Gathmann Scholarship (3)

    Expenses $3,000 · Grants $3,000

  • Larry DeSutter Scholarship (5)

    Expenses $2,000 · Grants $2,000

  • Forest City High School Alumni Scholarship

    Expenses $1,500 · Grants $1,500

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

Listed in Part VII

  • Dirk Heinhorst

    President

    Total calculated
    $0
    Hours/week
    10

  • Mandi Warner

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Erika Hunter

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Dee Hohenshell

    Director

    Total calculated
    $0
    Hours/week
    10

  • Will Frank

    Director

    Total calculated
    $0
    Hours/week
    10

  • Jennifer White

    Director

    Total calculated
    $0
    Hours/week
    10

  • Mark Schleder

    Director

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2023
Filed
19 February 2024
IRS schema version
2023v4.0
Source object
202400559349300710

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