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Nonprofiteer
← ILLINOIS PRAIRIE COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by ILLINOIS PRAIRIE COMMUNITY FOUNDATION INC.

Totals

Total revenue
$6,102,537
Total expenses
$3,344,848
Contributions and grants received
$3,286,783
Grants paid
$2,856,100
Program service revenue
$0
Investment income
$2,815,754
Other revenue
$0
Total assets, end of year
$27,538,130
Total liabilities, end of year
$589,230
Net assets or fund balances, end of year
$26,948,900
Program services expenses (Part IX)
$3,198,688
Management and general expenses
$125,147
Fundraising expenses
$21,013
Program service expenses (Part III)
$3,198,688

Program services were 95.6% 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.

  • 1f · All other contributions, gifts and grants

    $3,286,783

  • 1g · Noncash contributions included above

    $155,737

  • 3 · Investment income

    total $628,881 · excluded $628,881

  • 7a · Gross sales of assets other than inventory

    securities $19,139,062

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

    securities $16,952,189

  • 7c · Gain or loss

    securities $2,186,873

  • 7d · Net gain or loss

    total $2,186,873 · excluded $2,186,873

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,856,100 · program services $2,856,100

  • 5 · Compensation of officers, directors and key employees

    total $119,205 · program services $101,324 · management and general $11,921 · fundraising $5,960

  • 7 · Other salaries and wages

    total $132,682 · program services $112,779 · management and general $13,268 · fundraising $6,635

  • 8 · Pension plan contributions

    total $4,930 · program services $4,191 · management and general $493 · fundraising $246

  • 9 · Other employee benefits

    total $26,854 · program services $22,826 · management and general $2,685 · fundraising $1,343

  • 10 · Payroll taxes

    total $17,235 · program services $14,650 · management and general $1,724 · fundraising $861

  • 11c · Fees: accounting

    total $21,061 · management and general $21,061

  • 11f · Fees: investment management

    total $68,214 · management and general $68,214

  • 12 · Advertising and promotion

    total $20,802 · program services $18,722 · fundraising $2,080

  • 13 · Office expenses

    total $6,483 · program services $5,511 · management and general $648 · fundraising $324

  • 14 · Information technology

    total $2,310 · program services $1,964 · management and general $231 · fundraising $115

  • 16 · Occupancy

    total $11,357 · program services $9,653 · management and general $1,136 · fundraising $568

  • 17 · Travel

    total $1,473 · program services $1,252 · management and general $147 · fundraising $74

  • 19 · Conferences, conventions and meetings

    total $1,294 · program services $1,100 · management and general $129 · fundraising $65

  • 22 · Depreciation, depletion and amortization

    total $424 · program services $360 · management and general $42 · fundraising $22

  • 23 · Insurance

    total $5,342 · program services $4,541 · management and general $534 · fundraising $267

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $37,855 · program services $34,070 · management and general $1,893 · fundraising $1,892

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $7,250 · program services $6,163 · management and general $725 · fundraising $362

  • 24c · Other expenses: BANK FEES

    total $2,036 · program services $1,832 · management and general $102 · fundraising $102

  • 24d · Other expenses: MISCELLANEOUS

    total $1,941 · program services $1,650 · management and general $194 · fundraising $97

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,714 · end of year $425,749

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

    $17,220

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

    $17,220

  • 10c · Land, buildings and equipment, net

    beginning of year $424 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $24,132,745 · end of year $27,045,549

  • 15 · Other assets

    beginning of year $80,316 · end of year $66,832

  • 25 · Other liabilities

    beginning of year $415,180 · end of year $589,230

  • 27 · Net assets without donor restrictions

    beginning of year $24,105,019 · end of year $26,948,900

Mission and programs · 2024

Mission

FACILITATE CHARITABLE GIVING FOR INDIVIDUALS AND BUSINESSES, HELP ORGANIZATIONS WITH ENDOWMENT FUNDS, SERVE AS FISCAL AGENT FOR CHARITABLE COMMUNITY PROJECTS AND ACT AS A CATALYST FOR INNOVATIVE CHARITABLE SOLUTIONS TO MEET AREA NEEDS.

  • THE FOUNDATION RECEIVES CONTRIBUTIONS AS A CONDUIT THROUGH WHICH DONORS BUILD AND STRENGTHEN THE COMMUNITY BY SUPPORTING LOCAL SOLUTIONS TO LOCAL PROBLEMS NOW AND IN PERPETUITY. ALL ASSETS AND EARNINGS OF THE FOUNDATION ARE UTILIZED EXCLUSIVELY FOR AND PURSUANT TO CHARITABLE AND EDUCATIONAL ENDEAVORS.

    Expenses $3,198,688 · Grants $2,856,100

As filed on the 2024 return.

Listed in Part VII

  • Adrian Barr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Garwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Barnett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Laura Kowalczyk

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jeff Secord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gena Glover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Turkesha Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julia Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Del Saam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Ihnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Rassi

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Phani Aytam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Irvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ravi Singhal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Halperin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Jontry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bj Wilken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erik Rankin

    CEO

    Total calculated
    $10,266
    From this org
    $9,435
    From related orgs
    $0
    Other
    $831
    Hours/week
    40

  • Greg Meyer

    FORMER EXECUTIVE DIR

    Total calculated
    $111,744
    From this org
    $109,770
    From related orgs
    $0
    Other
    $1,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,770
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,974
    Filer's total
    $111,744

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

None.

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
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543159349302924

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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