2019-06-20T14:48:16-05:00 2018-12-31 300003878 BENNING GROUP LLC 50 W DOUGLAS ST STE 801 FREEPORT IL 610324141 990 2018-01-01 300080762 FREEPORT COMMUNITY FOUNDATION FREE 524 W STEPHENSON ST SUITE 102 FREEPORT IL 61032 PAULETTE WILLIAMS-THOMAS VICE PRESIDENT 8158013035 2019-06-04 true JENNY L BLOCKER P00883678 8152353157 2019-06-04 64.88.174.3 2019-06-20 14:48:16 CD P 955CF985ECFF2C475472EE222A422182D8D044B1 955CF985ECFF2C475472EE222A422182D8D044B1 2018 2019-02-21 02:37:17Z PAULETTE WILLIAMS-THOMAS 10 WEST EMPIRE STREET FREEPORT IL 61032 1062386 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 137744 470908 0 372134 264802 250 0 510128 735710 137459 193608 0 51537 51948 0 360 58723 66375 247719 311931 262409 423779 4943816 4749449 132487 164135 4811329 4585314 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 193608 193608 GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS. 193608 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 true true true true true true false false false IL X X MICHELLE DEHAVEN 8158013035 524 W STEPHENSON ST STE 101 FREEPORT IL 61032 KIMBERLY BEGGIN PRESIDENT 1.00 X X 0 0 0 PAULETTE WILLIAMS-THOMAS VICE PRESIDE 1.00 X X 0 0 0 CRAIG MONKS TREASURER 1.00 X X 0 0 0 PATRICIA BURKE SECRETARY 1.00 X 0 0 0 ANN K REEDY MEMBER 1.00 X 0 0 0 BRADLEY R STEWART MEMBER 1.00 X 0 0 0 KATHRYN J MARTINEZ MEMBER 1.00 X 0 0 0 CRAIG DEININGER MEMBER 1.00 X 0 0 0 RICHARD J HAUSER MEMBER 1.00 X 0 0 0 ANDREA SCHULTZ WINTER MEMBER 1.00 X 0 0 0 STEPHEN SPYRISON MEMBER 1.00 X 0 0 0 DAN SCHMITT EXECUTIVE DI 15.00 X 23330 0 0 23330 false false false 2463 468445 470908 207476 207476 384002 326676 57326 57326 57326 2463 735710 264802 193608 193608 23330 23330 24793 24793 3825 3825 135 135 11200 11200 26094 26094 5142 4782 360 2400 2400 1004 1004 52 52 2040 2040 FALL GRANT RECEPTIONS 9037 9037 MARKETING 6621 6621 DUES & SUBSCRIPTIONS 2393 2393 AWARDS PROGRAM 257 257 311931 193608 117963 360 28786 13670 1792 4033 9256 9256 52 4913186 4731746 4943816 4749449 132487 123042 41093 132487 164135 X 4661864 4244114 40992 5914 108473 335286 4811329 4585314 4943816 4749449 423779 -649794 X false true X true false X 29103 36699 304347 137744 470908 978801 29103 36699 304347 137744 470908 978801 978801 125539 119202 108820 169592 207476 730629 1709430 250 0.57260 0.46110 X 3 5394 5750 82487 true true true true X 149465 230113 -28425 9953 341200 98601 42421 13243 4800 149465 58840 16370 5900 1535 98601 58661 4805 -2926 1700 58840 53635 5330 789 1093 58661 0.98270 0.01730 false false 5338 5338 3918 3918 ANNUITY PAYABLE 41093 41093 85916 -649794 -649794 735710 735710 311931 311931 311931 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. true BLACKHAWK ELEMENTARY SCHOOL 5256 CAPTAIN LINCOLN SCULPTURE PROJECT 14354 CAREERTEC 9252 CHILDRENS HANDS ON MUSEUM 5757 CONTACT OF NORTHERN ILLINOIS 23172 FAMILY YMCA OF NORTHWESTERN ILL 9250 FHN FAMILY COUNSELING CENTER 5037 FREEPORT ART MUSEUM 20772 FREEPORT HIGH SCHOOL 12399 MADONNA RENEWAL CENTER 11575 NICAA HEAD START 9359 SENIOR RESOURCE CENTER 13315 UNITED WAY OF NORTHWEST IL 5717 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.