Skip to content
Nonprofiteer
← COMMUNITY FOUNDATION OF THE FOX RIVER VALLEY

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF THE FOX RIVER VALLEY.

Totals

Total revenue
$17,492,898
Total expenses
$9,166,117
Contributions and grants received
$9,884,860
Grants paid
$7,082,669
Program service revenue
$0
Investment income
$7,248,418
Other revenue
$359,620
Total assets, end of year
$132,715,598
Total liabilities, end of year
$670,966
Net assets or fund balances, end of year
$132,044,632
Program services expenses (Part IX)
$7,439,948
Management and general expenses
$1,617,706
Fundraising expenses
$108,463
Program service expenses (Part III)
$7,439,948

Program services were 81.2% 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.

  • 1c · Fundraising events

    $81,300

  • 1f · All other contributions, gifts and grants

    $9,803,560

  • 1g · Noncash contributions included above

    $1,688,279

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,669,838 · excluded $3,669,838

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $51,760,759 · other assets $2,000,000

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

    securities $48,347,179 · other assets $1,835,000

  • 7c · Gain or loss

    securities $3,413,580 · other assets $165,000

  • 7d · Net gain or loss

    total $3,578,580 · excluded $3,578,580

  • 8a · Fundraising events: gross income

    $398,722

  • 8a · Fundraising events: contributions included on line 1c

    $81,300

  • 8b · Fundraising events: direct expenses

    $215,989

  • 8c · Net income from fundraising events

    total $182,733 · excluded $182,733

  • 11a · Other revenue: Other Income

    total $176,887 · excluded $176,887

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $176,887

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,469,995 · program services $5,469,995

  • 2 · Grants to domestic individuals

    total $1,612,674 · program services $1,612,674

  • 5 · Compensation of officers, directors and key employees

    total $203,560 · management and general $203,560

  • 7 · Other salaries and wages

    total $689,398 · program services $277,762 · management and general $344,571 · fundraising $67,065

  • 8 · Pension plan contributions

    total $21,753 · program services $6,784 · management and general $12,111 · fundraising $2,858

  • 9 · Other employee benefits

    total $73,035 · program services $16,048 · management and general $50,909 · fundraising $6,078

  • 10 · Payroll taxes

    total $59,248 · program services $12,658 · management and general $41,258 · fundraising $5,332

  • 11b · Fees: legal

    total $17,320 · management and general $17,320

  • 11c · Fees: accounting

    total $27,949 · management and general $27,949

  • 11f · Fees: investment management

    total $555,031 · management and general $555,031

  • 11g · Fees: other

    total $13,766 · program services $0 · management and general $3,953 · fundraising $9,813

  • 13 · Office expenses

    total $219,332 · program services $1,523 · management and general $212,767 · fundraising $5,042

  • 16 · Occupancy

    total $88,050 · program services $21,900 · management and general $66,150

  • 19 · Conferences, conventions and meetings

    total $30,741 · management and general $30,741

  • 22 · Depreciation, depletion and amortization

    total $11,311 · management and general $11,311

  • 23 · Insurance

    total $12,456 · management and general $12,456

  • 24a · Other expenses: Dues and Subscriptions

    total $21,096 · program services $1,500 · management and general $18,721 · fundraising $875

  • 24b · Other expenses: Grantmaking Program

    total $18,384 · program services $18,384

  • 24c · Other expenses: Donor Development

    total $17,066 · management and general $6,015 · fundraising $11,051

  • 24d · Other expenses: Staff and Board Expenses

    total $3,654 · program services $720 · management and general $2,585 · fundraising $349

  • 24e · All other expenses

    total $298 · program services $0 · management and general $298 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,329,443 · end of year $4,841,247

  • 2 · Savings and temporary cash investments

    beginning of year $717,635 · end of year $1,830,603

  • 3 · Pledges and grants receivable

    beginning of year $75,000 · end of year $152,548

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $354,236

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

    $27,683

  • 10c · Land, buildings and equipment, net

    beginning of year $559,647 · end of year $326,553

  • 11 · Investments: publicly traded securities

    beginning of year $104,028,766 · end of year $124,783,636

  • 12 · Investments: other securities

    beginning of year $189,600 · end of year $189,600

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,892,276 · end of year $591,411

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,503 · end of year $125,570

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $10,936 · end of year $545,396

  • 27 · Net assets without donor restrictions

    beginning of year $30,325,631 · end of year $35,258,769

  • 28 · Net assets with donor restrictions

    beginning of year $82,404,297 · end of year $96,785,863

Mission and programs · 2023

Mission

TO PROVIDE EFFECTIVE AND REWARDING WAYS FOR DONORS TO FULFILL THEIR PHILANTHROPIC OBJECTIVES BY ADMINSTERING CHARITABLE FUNDS THAT DISTRIBUTE GRANTS AND SCHOLARSHIPS TO BENEFIT THE CITIZENS OF KANE AND KENDALL COUNTIES OF ILLINOIS INCLUDING THE GREATER CITY OF AURORA AREA.

Activities or mission (Part I)

PUBLIC COMMUNITY FOUNDATION WHICH ENHANCES AND SUPPORTS THE QUALITY OF LIFE IN THE FOX RIVER VALLEY AREA OF NORTHEASTERN ILLINOIS BY PROVIDING EFFECTIVE AND REWARDING WAYS FOR DONORS TO FULFILL THEIR PHILANTHROPIC OBJECTIVES.

  • ADMINISTRATION AND DISTRIBUTION OF DONATED PROPERTY IN ACCORDANCE WITH THE TERMS OF GIFTS, BEQUESTS, OR OTHER DEVISES. FOUNDATION FUNDS ARE USED TO PROVIDE GRANTS, SCHOLARSHIPS TO AREA STUDENTS, AND ENHANCE AND SUPPORT THE QUALITY OF LIFE IN THE AREA. OF A NATIONAL SETTLEMENT, THE ILLINOIS ATTORNEY GENERAL AWARDED A GRANT, IN PARTNERSHIP WITH JOSEPH CORPORATION, FOX VALLEY HABITAT FOR HUMANITY AND HABITAT FOR HUMANITY OF NORTHERN FOX VALLEY, KANE COUNTY OFFICE OF COMMUNITY REINVESTMENT, AND NEIGHBORHOOD HOUSING SERVICES OF CHICAGO TO SUPPORT A GEOGRAPHICALLY-TARGETED EFFORT TO REDEVELOP AND STABILIZE PRIORITY NEIGHBORHOOD BLOCKS IN VARIOUS COMMUNITIES ALONG THE FOX RIVER VALLEY FROM FORECLOSURES AND VACANT PROPERTIES.

    Expenses $7,439,948 · Grants $7,082,669

As filed on the 2023 return.

Listed in Part VII

  • Austin Dempsey

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eccher James

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Jeffrey

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Breugelmans

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brian Konen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Vonhoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Kremin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joyce Hemphill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Birkett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Gilmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Richard-Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Hollis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stan Free

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy K White Eagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Christman

    PRESIDENT & CEO

    Total calculated
    $203,560
    From this org
    $191,478
    From related orgs
    $0
    Other
    $12,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,978
    Bonus
    $35,500
    Other
    $0
    Deferred
    $10,000
    Nontaxable benefits
    $2,082
    Filer's total
    $203,560

  • Cathryn Schwieger

    VP MARKETING & COMMUNICATIONS

    Total calculated
    $112,503
    From this org
    $101,000
    From related orgs
    $0
    Other
    $11,503
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349310434

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.