2020-11-16T12:46:39-06:00 2019-12-31 300003878 BENNING GROUP LLC 50 W DOUGLAS ST STE 801 FREEPORT IL 610324141 990 2019-01-01 300080762 FREEPORT COMMUNITY FOUNDATION FREE 524 W STEPHENSON ST SUITE 102 FREEPORT IL 61032 MICHELLE DEHAVEN EXECUTIVE DIRECTOR 8158013035 2020-11-10 true JENNY L BLOCKER P00883678 8152353157 2020-11-13 64.88.174.3 2020-11-16 12:46:39 CS P 909F3362C55D446B41BDD225633F11AB3A7C90D1 F3C06DD0F44710D8E0D1CC85396A381BFEE6E637 2019 2021-01-29 14:40:06Z MICHELLE DEHAVEN 524 W STEPHENSON ST SUITE 102 FREEPORT IL 61032 742723 false X WWW.FREEPORTCOMMUNITYFOUNDATION.ORG X 2002 IL 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. 11 11 4 0 470908 100586 0 264802 171638 0 735710 272224 193608 188818 0 51948 72847 0 477 66375 77011 311931 338676 423779 -66452 4749449 5379092 164135 198471 4585314 5180621 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. false false 188818 188818 GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS. 188818 true true false false false true false false true true true false false false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 true 4 true false false false false false false false false false false false false false false false false false X 11 11 false false false false false false false true true false false false true true true true true false false false IL X X MICHELLE DEHAVEN 8158013035 524 W STEPHENSON ST STE 102 FREEPORT IL 61032 X JENNY BLOCKER TREASURER X X 0 0 0 CRAIG DEININGER MEMBER X 0 0 0 RICHARD J HAUSER MEMBER X 0 0 0 KATHRYN J MARTINEZ MEMBER X 0 0 0 KIM RAMPENTHAL MEMBER X 0 0 0 STEPHEN SPYRISON MEMBER X 0 0 0 MICHELLE STUBBE MEMBER X 0 0 0 MICHELLE DEHAVEN EXECUTIVE DI X 0 0 0 ANN K REEDY SECRETARY X 0 0 0 BRADLEY R STEWART PRESIDENT X 0 0 0 ANDREA SCHULTZ WINTER VICE PRESIDE X 0 0 0 false false false 2916 97670 100586 172326 172326 469811 470499 -688 -688 -688 2916 272224 -688 172326 188818 188818 68113 68113 4734 4734 5989 5989 11095 11095 25728 25728 4591 4114 477 2400 2400 3429 3429 2014 2014 FALL GRANT RECEPTIONS 12359 12359 MARKETING 6593 6593 DUES & SUBSCRIPTIONS 2550 2550 AWARDS PROGRAM 263 263 338676 188818 149381 477 13670 14212 4033 1833 9256 9256 4731746 5363047 4749449 5379092 123042 141979 41093 56492 164135 198471 X 4244114 4773854 341200 406767 4585314 5180621 4749449 5379092 X -66452 685458 -23699 X false true X true false X 36699 304347 137744 470908 100586 1050284 36699 304347 137744 470908 100586 1050284 1050284 119202 108820 169592 207476 172326 777416 1827700 250 0.57460 0.57260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false true true X 149465 230113 -28425 9953 341200 98601 42421 13243 4800 149465 58840 16370 5900 1535 98601 58661 4805 -2926 1700 58840 false false 5338 5338 3294 3294 624 624 ANNUITY PAYABLE 56492 56492 957682 685458 685458 272224 272224 362375 23699 23699 338676 338676 SCHEDULE D, PAGE 2, PART IV, LINE 1B THE FOUNDATION ACTS AS AN AGENT FOR 4 FUNDS IN WHICH DISTRIBUTIONS BENEFIT THE DONOR ORGANIZATION. THESE FUNDS ARE RECORDED AS LIABILITIES. ALL CONTRIBUTIONS RECEIVED, INVESTMENT INCOME AND FEES, REALIZED AND UNREALIZED GAINS ARE LOSSES ARE NETTED TOGETHER AND REPORTED AS ADDITIONS TO THE LIABILITY ACCOUNT. DISTRIBUTIONS ARE RECORDED AS REDUCTIONS OF THE LIABILITY. SCHEDULE D, PAGE 2, PART IV, LINE 2B THE FOUNDATION ACTS AS AN AGENT FOR 4 FUNDS IN WHICH DISTRIBUTIONS BENEFIT THE DONOR ORGANIZATION. THESE FUNDS ARE RECORDED AS LIABILITIES. ALL CONTRIBUTIONS RECIEVED, INVESTMENT INCOME AND FEES, REALIZED AND UNREALIZED GAINS ARE LOSSES ARE NETTED TOGETHER AND REPORTED AS ADDITIONS TO THE LIABILITY ACCOUNT. DISTRIBUTIONS ARE RECORDED AS REDUCTIONS OF THE LIABILITY. SCHEDULE D, PAGE 2, PART V, LINE 4 THE ENDOWMENT FUNDS ARE TO PROVIDE GRANTS AND/OR SCHOLARSHIPS FROM THE EARNINGS ON THE ENDOWMENT FUNDS. SCHEDULE D, PAGE 4, PART XII, LINE 2D CHANGE IN VALUE OF ANNUITY 23,699 true BOYS & GIRLS CLUB OF FREEPORT 5995 FHN FAMILY COUNSELING CENTER 9567 FREEPORT AREA CHURCH COOPERATIVE 7700 FREEPORT ART MUSEUM 10295 FREEPORT DREAM CENTER 18000 GREATER FREEPORT PARTNERSHIP 5796 JO DAVIESS CONSERVATION FDN 7245 NORTHERN ILLINOIS FOOD BANK 14305 NORTHWEST IL F-4 JET MEMORIAL 10000 THE SALVATION ARMY 10000 TIMBER LAKE PLAYHOUSE 21919 VOICES OF STEPHENSON COUNTY 7815 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS DURING A REGULARLY SCHEDULED MEETING. DIRECTORS REVIEWED FORM 990 AND APPROVED A MOTION TO ACCEPT THE FORM 990 AS PRESENTED. FORM 990, PAGE 6, PART VI, LINE 12C EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST STATEMENT (THEY ARE ALSO GIVEN A COPY OF IT) INDICATING ANY POTENTIAL CONFLICTS. ALL COMMITTEE MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT AS WELL. THE EXECUTIVE DIRECTOR REVIEWS THE STATEMENTS PRIOR TO THE GRANT AWARD CYCLE AND SCHOLARSHIP APPROVAL PROCESS. DURING THE GRANT AWARD CYCLES AND THE SCHOLARSHIP APPROVAL PROCESS, THE EXECUTIVE DIRECTOR ASK MEMBERS TO RECUSE THEMSELVES FROM VOTING IF THEY HAVE A CONFLICT. FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION FOLLOWS THE RULES AND REGULATIONS OF THE IRS REGARDING PUBLIC AVAILABILITY OF FORM 990 AS WELL AS ANY OTHER REQUIRED DOCUMENTS. THE FORM 990 IS AVAILABLE UPON REQUEST EITHER BY DOWNLOADING FROM THE FOUNDATION'S WEBSITE OR HAVING IT MAILED OR EXAMINING IT IN THE FOUNDATION'S OFFICE. THE FOUNDATION ALSO HAS AVAILABLE UPON REQUEST FINANCIAL INFORMATION SUCH AS PERFORMANCE HISTORY, LIST OF INVESTMENT MANAGERS, AUDIT FEES, AND THE BODY RESPONSIBLE FOR INVESTMENT AND OVERSIGHT. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF ANNUITY -23,699