Totals
- Total revenue
- $113,784
- Total expenses
- $48,674
- Contributions and grants received
- $68,789
- Grants paid
- $45,004
- Program service revenue
- $0
- Investment income
- $770
- Other revenue
- $44,225
- Total assets, end of year
- $461,418
- Total liabilities, end of year
- $388
- Net assets or fund balances, end of year
- $461,030
- Program services expenses (Part IX)
- $45,004
- Management and general expenses
- $3,670
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $45,004
Program services were 92.5% 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.
-
1c · Fundraising events
$68,789
-
3 · Investment income
total $770 · unrelated business $770
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$59,807
-
8a · Fundraising events: contributions included on line 1c
$68,789
-
8b · Fundraising events: direct expenses
$15,582
-
8c · Net income from fundraising events
total $44,225 · unrelated business $0 · excluded $0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $45,004 · program services $45,004
-
13 · Office expenses
total $585 · program services $0 · management and general $585
-
24a · Other expenses: Postage
total $199 · management and general $199 · fundraising $0
-
24b · Other expenses: Taxes & Licenses
total $386 · management and general $386 · fundraising $0
-
24c · Other expenses: Admin Fee - Schaumburg Park District
total $2,500 · management and general $2,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,094 · end of year $84,504
-
2 · Savings and temporary cash investments
beginning of year $52,619 · end of year $52,724
-
4 · Accounts receivable
beginning of year $250 · end of year $568
-
10a · Land, buildings and equipment: cost or other basis
$316,250
-
10c · Land, buildings and equipment, net
beginning of year $316,250 · end of year $316,250
-
11 · Investments: publicly traded securities
beginning of year $6,706 · end of year $7,372
-
17 · Accounts payable and accrued expenses
end of year $388
-
27 · Net assets without donor restrictions
beginning of year $72,963 · end of year $323,622
-
28 · Net assets with donor restrictions
beginning of year $322,956 · end of year $137,408
Mission and programs · 2022
Mission
Fund raising for park and recreational enhancement and to provide financial assistance to qualifying students and park patron within the community.
Activities or mission (Part I)
The Foundation raises funds for park enhancements and projects, and to provide financial assistance to qualifying park patrons and students.
-
Support for expenditures to the Schaumburg Park District toward construction of Meineke Center Park expansion.
Expenses $30,000
-
Support for Park District participants' financial needs including for program charges, daycare and preschool.
Expenses $5,004
-
Sponsor for the Schaumburg Township Elementary School Foundation's Food 4 Thought program which provided breakfast to all qualifying students at Aldrin Elementary School for a year.
Expenses $10,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brian Bieschke
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Brian Berg
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Jack Trudel
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Kathy Longueil
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
David Johnson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Glenn Szurgot
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tony LaFrenere
President
- Total calculated
- $0
- Hours/week
- 1
-
James Dolbeare
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Miller
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Matt Frank
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jason Mitchell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
William Tucknott
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Peter Justen
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne Poeschel
Trustee
- 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
-
Schaumburg Park District
$35,004
The Foundation provides funds to the Schaumburg Park District for park enhancement and rehabilitation, and for patrons in need of financial assistance for recreational programming.
-
The Foundation sponsored the Schaumburg Township Elementary School Foundation's "Food 4 Thought" program, providing breakfast to all qualifying students at Aldrin Elementary School for a year.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349310843
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