Form 990 for tax year 2022

Filed by FREEPORT COMMUNITY FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 12 September 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $297,028 changed to $214,027
Total expenses: $437,486 changed to $430,231
Investment income: $184,234 changed to $101,233
Total liabilities, end of year: $205,943 changed to $195,369
Net assets or fund balances, end of year: $4,925,299 changed to $4,935,873
Management and general expenses: $176,439 changed to $169,184

Totals

Total revenue: $297,028
Total expenses: $437,486
Contributions and grants received: $112,794
Grants paid: $252,747
Program service revenue: $0
Investment income: $184,234
Other revenue: $0
Total assets, end of year: $5,131,242
Total liabilities, end of year: $205,943
Net assets or fund balances, end of year: $4,925,299
Program services expenses (Part IX): $261,047
Management and general expenses: $176,439
Fundraising expenses: $0
Program service expenses (Part III): $261,047

Program services were 59.7% 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

$112,794
3 · Investment income

total $251,851 · excluded $251,851
7b · Less cost or other basis and sales expenses

securities $67,617
7c · Gain or loss

securities -$67,617
7d · Net gain or loss

total -$67,617 · related or exempt -$67,617

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $252,747 · program services $252,747
7 · Other salaries and wages

total $78,891 · management and general $78,891
10 · Payroll taxes

total $6,223 · management and general $6,223
11b · Fees: legal

total $1,110 · management and general $1,110
11c · Fees: accounting

total $6,013 · management and general $6,013
13 · Office expenses

total $6,664 · management and general $6,664
16 · Occupancy

total $5,200 · management and general $5,200
17 · Travel

total $1,461 · management and general $1,461
19 · Conferences, conventions and meetings

total $3,888 · management and general $3,888
23 · Insurance

total $2,270 · management and general $2,270
24a · Other expenses: MARKETING

total $46,550 · management and general $46,550
24b · Other expenses: ANNUITY PAYMENTS

total $8,300 · program services $8,300
24c · Other expenses: AGENCY ACTIVITY

total $7,255 · management and general $7,255
24d · Other expenses: DUES & SUBSCRIPTIONS

total $6,810 · management and general $6,810
24e · All other expenses

total $4,104 · management and general $4,104

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $21,467 · end of year $71,923
9 · Prepaid expenses and deferred charges

beginning of year $2,037
10a · Land, buildings and equipment: cost or other basis

$9,256
10b · Land, buildings and equipment: accumulated depreciation

$9,256
11 · Investments: publicly traded securities

beginning of year $6,099,980 · end of year $5,059,319
21 · Escrow or custodial account liability

beginning of year $174,886 · end of year $152,454
25 · Other liabilities

beginning of year $53,489 · end of year $53,489
27 · Net assets without donor restrictions

beginning of year $5,384,136 · end of year $4,414,322
28 · Net assets with donor restrictions

beginning of year $510,973 · end of year $510,977

Mission and programs · 2022

Mission

TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS BY ACCUMULATING ASSETS IN THE FORM OF PERMANENT ENDOWMENT FUNDS & PRUDENTLY DISTRIBUTING INCOME FROM THOSE FUNDS TO CHARITABLE ORGANIZATIONS.

GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS.

Expenses $261,047 · Grants $252,747

As filed on the 2022 return.

Listed in Part VII

MICHELLE DEHAVEN

EXECUTIVE DI

Total calculated

$0
ANDREA SCHULTZ WINTER

PRESIDENT

Total calculated

$0
JENNY BLOCKER

TREASURER

Total calculated

$0
BRADLEY R STEWART

PAST PRESIDE

Total calculated

$0
RICHARD J HAUSER

MEMBER

Total calculated

$0
STEPHEN SPYRISON

MEMBER

Total calculated

$0
KIM RAMPENTHAL

MEMBER

Total calculated

$0
MATT MOYER

MEMBER

Total calculated

$0
CINDY FOLEY

MEMBER

Total calculated

$0
YVETTE SELLERS

MEMBER

Total calculated

$0
ANDREW STEWART

MEMBER

Total calculated

$0

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

MISC DISCRETIONARY ALLOCATIONS

$252,747

Provenance

Return type: form_990
Tax year: 2022
Filed: 14 November 2023
IRS schema version: 2022v5.0
Source object: 202303189349319365

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