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Nonprofiteer
← ILLINOIS S O FOUNDATION

Form 990 for tax year 2022

Filed by ILLINOIS S O FOUNDATION.

Totals

Total revenue
$1,210,156
Total expenses
$45,473
Contributions and grants received
$1,090,062
Grants paid
$19,980
Program service revenue
$0
Investment income
$88,417
Other revenue
$31,677
Total assets, end of year
$3,902,151
Total liabilities, end of year
$1,668
Net assets or fund balances, end of year
$3,900,483
Program services expenses (Part IX)
$20,040
Management and general expenses
$14,935
Fundraising expenses
$10,498
Program service expenses (Part III)
$20,040

Program services were 44.1% 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

    $38,906

  • 1f · All other contributions, gifts and grants

    $1,051,156

  • 1g · Noncash contributions included above

    $10,189

  • 3 · Investment income

    total $88,417 · excluded $88,417

  • 8a · Fundraising events: gross income

    $79,861

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

    $38,906

  • 8b · Fundraising events: direct expenses

    $48,184

  • 8c · Net income from fundraising events

    total $31,677 · excluded $31,677

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,980 · program services $19,980

  • 11f · Fees: investment management

    total $8,415 · management and general $8,415

  • 11g · Fees: other

    total $6,500 · management and general $6,500

  • 24a · Other expenses: AWARDS AND RECOGNITION

    total $9,458 · fundraising $9,458

  • 24b · Other expenses: PRINTING AND PUBLICATIO

    total $920 · fundraising $920

  • 24c · Other expenses: HOSPITALITY

    total $200 · program services $60 · management and general $20 · fundraising $120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,552 · end of year $149,395

  • 4 · Accounts receivable

    beginning of year $528,825 · end of year $1,000,000

  • 11 · Investments: publicly traded securities

    beginning of year $2,674,693 · end of year $2,752,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,912 · end of year $1,668

  • 27 · Net assets without donor restrictions

    beginning of year $2,304,906 · end of year $2,480,968

  • 28 · Net assets with donor restrictions

    beginning of year $985,252 · end of year $1,419,515

Mission and programs · 2022

Mission

ILLINOIS S.O. FOUNDATION IS AN ILLINOIS NONPROFIT CORPORATION THAT WAS FORMED BY SPECIAL OLYMPICS ILLINOIS, INC. TO SUPPORT THEIR MISSION OF PROVIDING A VARIETY OF OLYMPIC-TYPE SPORTS FOR PEOLE WITH INTELLECTUAL DISABILITIES.

Activities or mission (Part I)

THE FOUNDATION WAS SET UP TO HELP SUPPORT SPECIAL OLYMPICS OF ILLINOIS.

  • GRANTS IN 2022 WERE USED TO SUPPORT ATHLETE FAMILIES ATTENDING THE 2022 SPECIAL OIYMPICS USA GAMES IN ORLANDO, FLORIDA IN JUNE 2022. THIS GRANT MONEY WAS ALLOCATED FROM A RESTRICTED FUND AT THE DIRECTION OF THE FUND ACCOUNT OWNER.

    Expenses $20,040 · Grants $19,980

As filed on the 2022 return.

Listed in Part VII

  • Stephen Bergman

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • David Shane

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Schell

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Ed Rafferty

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Don Gereau

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Charles Schmadeke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Carlson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Brook Klawitter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Christine Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Lange

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Hub Arkush

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff McClusky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Gustafson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Anne Ehlert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sue Flott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jamie Parisi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Menjinder Bhambra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Dimeo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Breen

    PRESIDENT & CEO, SOILL

    Total calculated
    $0
    Hours/week
    0.5

  • Kaylee McLaughlin

    BOARD MEMBER

    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

Provenance

Return type
form_990
Tax year
2022
Filed
18 September 2023
IRS schema version
2022v5.0
Source object
202312689349300771

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