FREEPORT COMMUNITY FOUNDATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: FREEPORT COMMUNITY FOUNDATION (EIN 30-0080762)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-08-01
IRS object ID: 201622149349300822
Schema version: 2015v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-08-01T16:31:21-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	300003878	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BENNING GROUP LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	50 W DOUGLAS ST STE 801	AddressLine1Txt
City	FREEPORT	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	610324141	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	300080762	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FREEPORT COMMUNITY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FREE	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	524 W STEPHENSON STREET RM/STE 102	AddressLine1Txt
City	FREEPORT	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	61032	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	RALPH ELLIOTT	PersonNm
Person Title	MEMBER	PersonTitleTxt
Signature	2016-07-21	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JENNY L BLOCKER	PreparerPersonNm
PTIN	P00883678	PTIN
Phone	8152353157	PhoneNum
Preparation	2016-07-29	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-12-15 16:53:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	RALPH ELLIOTT	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1005 W LORAS DRIVE	AddressLine1Txt
City	FREEPORT	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	61032	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,000,559	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.FREEPORTCOMMUNITYFOUNDATION.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2002	FormationYr
Legal Domicile State	IL	LegalDomicileStateCd
Activity Or 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.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	3	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$29,103	PYContributionsGrantsAmt
CY Contributions Grants	$36,699	CYContributionsGrantsAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$170,883	PYInvestmentIncomeAmt
CY Investment Income	$91,475	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$199,986	PYTotalRevenueAmt
CY Total Revenue	$128,174	CYTotalRevenueAmt
PY Grants And Similar Paid	$90,609	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$74,785	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$48,332	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$51,674	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$187	CYTotalFundraisingExpenseAmt
PY Other Expenses	$50,024	PYOtherExpensesAmt
CY Other Expenses	$55,478	CYOtherExpensesAmt
PY Total Expenses	$188,965	PYTotalExpensesAmt
CY Total Expenses	$181,937	CYTotalExpensesAmt
PY Revenues Less Expenses	$11,021	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$53,763	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,093,854	TotalAssetsBOYAmt
Total Assets EOY	$3,865,003	TotalAssetsEOYAmt
Total Liabilities BOY	$82,267	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$99,202	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,011,587	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$3,765,801	NetAssetsOrFundBalancesEOYAmt
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.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$74,785	ExpenseAmt
Grant	$74,785	GrantAmt
Desc	GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS.	Desc
Total Program Service Expenses	$74,785	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	Yes (true)	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	Yes (true)	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	3	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
DAF Excess Business Holdings	false	DAFExcessBusinessHoldingsInd
Taxable Distributions	false	TaxableDistributionsInd
Distribution To Donor	false	DistributionToDonorInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	false	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	DAN SCHMITT	PersonNm
Phone	8158013035	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	524 W STEPHENSON ST STE 101	AddressLine1Txt
City	FREEPORT	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	61032	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Average Hours Per WeekAverageHoursPerWeekRt
ROBERT NICKELS
PRESIDENT	Yes (X)	Yes (X)	$0	$0	$0
MARK MILLER
VICE PRESIDE	Yes (X)	Yes (X)	$0	$0	$0
CRAIG MONKS
TREASURER	Yes (X)		$0	$0	$0
PAULETTE WILLIAMS-THOMAS
MEMBER	Yes (X)		$0	$0	$0
KIMBERLY BEGGIN
MEMBER	Yes (X)		$0	$0	$0
RALPH ELLIOTT
MEMBER	Yes (X)		$0	$0	$0
KATHY MOFFATT
MEMBER	Yes (X)		$0	$0	$0
LARRY WILLIAMS
MEMBER	Yes (X)		$0	$0	$0
ERIN DAHMS
SECRETARY	Yes (X)	Yes (X)	$0	$0	$0
PATRICIA BURKE
MEMBER	Yes (X)		$0	$0	$0
DAN SCHMITT
EXECUTIVE DI		Yes (X)	$24,093	$0	$0	20.00

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$24,093	TotalReportableCompFromOrgAmt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Fundraising	$541	FundraisingAmt
All Other Contributions	$36,158	AllOtherContributionsAmt
Total Contributions	$36,699	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$119,202	TotalRevenueColumnAmt
Exclusion	$119,202	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$844,658	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$872,385	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$27,727	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$27,727	TotalRevenueColumnAmt
Exclusion	-$27,727	ExclusionAmt

Field	Value	IRS element (for citing)
Contri Rpt Fundraising Event	$541	ContriRptFundraisingEventAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$128,174	TotalRevenueColumnAmt
Exclusion	$91,475	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$74,785	TotalAmt
Program Services	$74,785	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$24,093	TotalAmt
Management And General	$24,093	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$23,765	TotalAmt
Management And General	$23,765	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,816	TotalAmt
Management And General	$3,816	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$3,450	TotalAmt
Management And General	$3,450	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$9,440	TotalAmt
Management And General	$9,440	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$19,096	TotalAmt
Management And General	$19,096	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$255	TotalAmt
Management And General	$255	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,401	TotalAmt
Management And General	$5,214	ManagementAndGeneralAmt
Fundraising	$187	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,400	TotalAmt
Management And General	$2,400	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$643	TotalAmt
Management And General	$643	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,110	TotalAmt
Management And General	$1,110	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$526	TotalAmt
Management And General	$526	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$2,279	TotalAmt
Management And General	$2,279	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt
MARKETING	$8,539	$8,539
DUES & SUBSCRIPTIONS	$1,052	$1,052
DONATIONS	$1,000	$1,000
MISCELLANEOUS	$287	$287

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$181,937	TotalAmt
Program Services	$74,785	ProgramServicesAmt
Management And General	$106,965	ManagementAndGeneralAmt
Fundraising	$187	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$8,817	BOYAmt
EOY	$24,772	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$9,256	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$8,845	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$937	BOYAmt
EOY	$411	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$4,084,100	BOYAmt
EOY	$3,839,820	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,093,854	BOYAmt
EOY	$3,865,003	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$82,267	BOYAmt
EOY	$99,202	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$82,267	BOYAmt
EOY	$99,202	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,935,186	BOYAmt
EOY	$3,765,801	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$26,333	BOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$50,068	BOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,011,587	BOYAmt
EOY	$3,765,801	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,093,854	BOYAmt
EOY	$3,865,003	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$53,763	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$192,023	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Community Trust	Yes (X)	CommunityTrustInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$22,945	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$32,389	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$29,257	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$29,103	CurrentTaxYearMinus1YearAmt
Current Tax Year	$36,699	CurrentTaxYearAmt
Total	$150,393	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$22,945	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$32,389	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$29,257	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$29,103	CurrentTaxYearMinus1YearAmt
Current Tax Year	$36,699	CurrentTaxYearAmt
Total	$150,393	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$150,393	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$109,909	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$126,955	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$104,735	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$125,539	CurrentTaxYearMinus1YearAmt
Current Tax Year	$119,202	CurrentTaxYearAmt
Total	$586,340	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$736,733	TotalSupportAmt
Public Support CY170	0.20410	PublicSupportCY170Pct
Public Support PY170	0.20920	PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CY	Yes (X)	TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances Test	CRITERIA FOR DETERMINING WHETHER FREEPORT COMMUNITY FOUNDATION IS PUBLICLY SUPPORTED UNDER THE FACTS AND CIRCUMSTANCES TEST: FREEPORT COMMUNITY FOUNDATION WAS ORGANIZED AS A NON-STOCK, NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF ILLINOIS. THE FOUNDATION'S YEAR OF FORMATION WAS 2002. THE FOUNDATION RECEIVED A DETERMINATION LETTER FROM THE IRS GRANTING THE FOUNDATION 501(C)(3) STATUS. THE FOUNDATION'S PRIMARY PURPOSE IS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS BY ACCUMULATING ASSETS IN THE FORM OF PERMANENT ENDOWMENT FUNDS AND PRUDENTLY DISTRIBUTING INCOME FROM THOSE FUNDS TO CHARITABLE ORGANIZATIONS. GRANTS ARE MADE TO 501(C)(3) NON-PROFIT ORGANIZATIONS, GOVERNMENTAL UNITS, AND EDUCATIONAL INSTITUTIONS FOR CHARITABLE PURPOSES. THE FOUNDATION ESTABLISHED GRANT-MAKING DUE DILIGENCE POLICIES AND PROCEDURES IN 2008, WITH GRANT-MAKING PRINCIPLES AND PROCEDURES THAT REQUIRE THE FULL BOARD OF DIRECTORS TO GIVE FINAL APPROVAL FOR GRANT AWARDS. THE FOUNDATION BOARD OF DIRECTORS CONSISTS OF VOLUNTEERS FROM THE COMMUNITY. BOARD MEMBERS ARE A DIVERSE GROUP OF INDIVIDUALS WHO ARE INTERESTED IN SUPPORTING THE AREA'S CHARITABLE ORGANIZATIONS.	FactsAndCircumstancesTestTxt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	PART II, LINE 17A	FormAndLineReferenceDesc
Explanation	CRITERIA FOR DETERMINING WHETHER FREEPORT COMMUNITY FOUNDATION IS PUBLICLY SUPPORTED UNDER THE FACTS AND CIRCUMSTANCES TEST: FREEPORT COMMUNITY FOUNDATION WAS ORGANIZED AS A NON-STOCK, NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF ILLINOIS. THE FOUNDATION'S YEAR OF FORMATION WAS 2002. THE FOUNDATION RECEIVED A DETERMINATION LETTER FROM THE IRS GRANTING THE FOUNDATION 501(C)(3) STATUS. THE FOUNDATION'S PRIMARY PURPOSE IS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS BY ACCUMULATING ASSETS IN THE FORM OF PERMANENT ENDOWMENT FUNDS AND PRUDENTLY DISTRIBUTING INCOME FROM THOSE FUNDS TO CHARITABLE ORGANIZATIONS. GRANTS ARE MADE TO 501(C)(3) NON-PROFIT ORGANIZATIONS, GOVERNMENTAL UNITS, AND EDUCATIONAL INSTITUTIONS FOR CHARITABLE PURPOSES. THE FOUNDATION ESTABLISHED GRANT-MAKING DUE DILIGENCE POLICIES AND PROCEDURES IN 2008, WITH GRANT-MAKING PRINCIPLES AND PROCEDURES THAT REQUIRE THE FULL BOARD OF DIRECTORS TO GIVE FINAL APPROVAL FOR GRANT AWARDS. THE FOUNDATION BOARD OF DIRECTORS CONSISTS OF VOLUNTEERS FROM THE COMMUNITY. BOARD MEMBERS ARE A DIVERSE GROUP OF INDIVIDUALS WHO ARE INTERESTED IN SUPPORTING THE AREA'S CHARITABLE ORGANIZATIONS.	ExplanationTxt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Donor Advised Funds Held	2	DonorAdvisedFundsHeldCnt
Funds And Other Accounts Held	2	FundsAndOtherAccountsHeldCnt
Disclosed Org Leg Ctrl	Yes (true)	DisclosedOrgLegCtrlInd
Disclosed For Charitable Prps	Yes (true)	DisclosedForCharitablePrpsInd
Agent Trustee Etc	Yes (true)	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (true)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$58,661	BeginningYearBalanceAmt
Contributions	$4,805	ContributionsAmt
Investment Earnings Or Losses	-$2,926	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,700	GrantsOrScholarshipsAmt
End Year Balance	$58,840	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$53,635	BeginningYearBalanceAmt
Contributions	$5,330	ContributionsAmt
Investment Earnings Or Losses	$789	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,093	GrantsOrScholarshipsAmt
End Year Balance	$58,661	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$39,796	BeginningYearBalanceAmt
Contributions	$7,768	ContributionsAmt
Investment Earnings Or Losses	$6,571	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$500	GrantsOrScholarshipsAmt
End Year Balance	$53,635	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Contributions	$36,113	ContributionsAmt
Investment Earnings Or Losses	$3,683	InvestmentEarningsOrLossesAmt
End Year Balance	$39,796	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Prmnnt Endowment Balance EOY	0.93260	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.06740	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,338	OtherCostOrOtherBasisAmt
Depreciation	$5,338	DepreciationAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,918	OtherCostOrOtherBasisAmt
Depreciation	$3,507	DepreciationAmt
Book Value	$411	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$411	TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt	-$63,849	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$192,023	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$192,023	RevenueNotReportedAmt
Revenue Subtotal	$128,174	RevenueSubtotalAmt
Total Revenue Per Form990	$128,174	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$181,937	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$181,937	ExpensesSubtotalAmt
Total Expenses Per Form990	$181,937	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
BOYS & GIRLS CLUB OF FREEPORT
511 S LIBERTY	FREEPORT	IL	61032	352313105	$7,250
CAREERTEC
					$9,200
FHN FAMILY COUNSELING CENTER
421 W EXCHANGE	FREEPORT	IL	61032	362879689	$6,161	MENTORING; ENRICH.
FREEPORT ART MUSEUM
					$5,820
NORTHERN ILLINOIS FOOD BANK
273 DEARBORN CT	GENEVA	IL	60134	363203648	$7,685
STEPHENSON CO SENIOR RESOURCE CNTR
					$5,140
UNITED WAY OF NORTHWEST IL
					$5,852

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.