Form 990 for tax year 2024
Filed by VILLAGE OF PROGRESS FOUNDATION INC.
Totals
- Total revenue
- $262,201
- Total expenses
- $234,210
- Contributions and grants received
- $41,824
- Grants paid
- $67,000
- Program service revenue
- $0
- Investment income
- $89,177
- Other revenue
- $131,200
- Total assets, end of year
- $2,449,307
- Total liabilities, end of year
- $33,678
- Net assets or fund balances, end of year
- $2,415,629
- Program services expenses (Part IX)
- $67,000
- Management and general expenses
- $167,210
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $67,000
Program services were 28.6% 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
$9,850
-
1f · All other contributions, gifts and grants
$31,974
-
3 · Investment income
total $89,177 · excluded $89,177
-
6a · Gross rents
real property $107,973
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $107,973
-
6d · Net rental income or loss
total $107,973 · excluded $107,973
-
8a · Fundraising events: gross income
$35,533
-
8a · Fundraising events: contributions included on line 1c
$9,850
-
8b · Fundraising events: direct expenses
$12,306
-
8c · Net income from fundraising events
total $23,227 · excluded $23,227
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $66,000 · program services $66,000
-
2 · Grants to domestic individuals
total $1,000 · program services $1,000
-
11a · Fees: management
total $56,472 · management and general $56,472
-
11c · Fees: accounting
total $12,215 · management and general $12,215
-
11f · Fees: investment management
total $20,139 · management and general $20,139
-
13 · Office expenses
total $277 · management and general $277
-
16 · Occupancy
total $32,572 · management and general $32,572
-
22 · Depreciation, depletion and amortization
total $31,712 · management and general $31,712
-
23 · Insurance
total $13,800 · management and general $13,800
-
24e · All other expenses
total $23 · management and general $23
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $82,997 · end of year $61,968
-
2 · Savings and temporary cash investments
beginning of year $33,759 · end of year $38,226
-
4 · Accounts receivable
beginning of year $26,894 · end of year $25,138
-
10a · Land, buildings and equipment: cost or other basis
$838,675
-
10b · Land, buildings and equipment: accumulated depreciation
$435,333
-
10c · Land, buildings and equipment, net
beginning of year $435,054 · end of year $403,342
-
11 · Investments: publicly traded securities
beginning of year $1,724,830 · end of year $1,920,633
-
17 · Accounts payable and accrued expenses
beginning of year $18,554 · end of year $9,469
-
19 · Deferred revenue
beginning of year $28,686 · end of year $24,209
-
27 · Net assets without donor restrictions
beginning of year $2,230,372 · end of year $2,390,491
-
28 · Net assets with donor restrictions
beginning of year $25,922 · end of year $25,138
Mission and programs · 2024
Mission
THE PRIMARY PURPOSE OF OUR FOUNDATION IS TO SECURE THE FUNDS AND RESOURCES NECESSARY TO ENSURE THAT THE NEEDS OF THE OGLE COUNTY POPULATION WITH DISABILITIES WILL BE MET TODAY AND FOR YEARS TO COME. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF AND TO PROMOTE THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE VILLAGE OF PROGRESS, INC., AN ILLINOIS NOT FOR PROFIT CORPORATION.
Activities or mission (Part I)
SECURE FUNDING FOR CHARITABLE AND EDUCATIONAL USES FOR PHYSICALLY AND/OR MENTALLY HANDICAPPED.
-
THE ORGANIZATION PROVIDES FINANCIAL SUPPORT AND STABILITY TO VILLAGE OF PROGRESS, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES SERVICES TO ADULTS IN OGLE COUNTY WITH DEVELOPMENTAL DISABILITIES. THE FOUNDATION ALSO OFFERS GRANTS TO ADULTS WITH DISABILITIES WHO WISH TO ATTEND THE VILLAGE OF PROGRESS BUT LACK THE FINANCIAL RESOURCES OR STATE FUNDING TO DO SO. THE FOUNDATION ALSO OFFERS SCHOLARSHIPS TO AREA HIGH SCHOOL SENIORS AND COLLEGE STUDENTS WHO EITHER HAVE A DISABILITY OR ARE ENTERING INTO DISABILITIES-RELATED FIELD OF EDUCATION.
Expenses $67,000 · Grants $67,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chris MartinCHRIS MARTIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Dave SmithDAVE SMITH
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dave NelsonDAVE NELSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Brion BrooksBRION BROOKS
DIRECTOR
- Total calculated
- $138,280
- From this org
- $0
- From related orgs
- $110,873
- Other
- $27,407
- Hours/week
- 0.5
-
Joe Clinton IIIJOE CLINTON III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Pat DonahuePAT DONAHUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
April GlosserAPRIL GLOSSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brett HerrmannBRETT HERRMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Angie Martin-BakenerANGIE MARTIN-BAKENER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill TallynBILL TALLYN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rob UrishROB URISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Larry YoungLARRY YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
-
$66,000
USED TO SUPPORT PROGRAMS THAT ASSIST THE PHYSICALLY AND/OR THE MENTALLY HANDICAPPED IN NORTHERN ILLINOIS
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.
-
501(C)(3) · TRAINING OF PEOPLE WITH DISABILITIES · IL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601049349302005
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