2016-08-01T16:31:21-05:00 2015-12-31 300003878 BENNING GROUP LLC 50 W DOUGLAS ST STE 801 FREEPORT IL 610324141 990 2015-01-01 300080762 FREEPORT COMMUNITY FOUNDATION FREE 524 W STEPHENSON STREET RM/STE 102 FREEPORT IL 61032 RALPH ELLIOTT MEMBER 2016-07-21 true JENNY L BLOCKER P00883678 8152353157 2016-07-29 2015 2016-12-15 16:53:06Z RALPH ELLIOTT 1005 W LORAS DRIVE FREEPORT IL 61032 1000559 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. 10 10 3 0 29103 36699 0 170883 91475 0 199986 128174 90609 74785 0 48332 51674 0 187 50024 55478 188965 181937 11021 -53763 4093854 3865003 82267 99202 4011587 3765801 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 74785 74785 GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS. 74785 true false false false false true false false true true true false false false false 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 3 true false false false false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true false false false IL X X DAN SCHMITT 8158013035 524 W STEPHENSON ST STE 101 FREEPORT IL 61032 ROBERT NICKELS PRESIDENT X X 0 0 0 MARK MILLER VICE PRESIDE X X 0 0 0 CRAIG MONKS TREASURER X 0 0 0 PAULETTE WILLIAMS-THOMAS MEMBER X 0 0 0 KIMBERLY BEGGIN MEMBER X 0 0 0 RALPH ELLIOTT MEMBER X 0 0 0 KATHY MOFFATT MEMBER X 0 0 0 LARRY WILLIAMS MEMBER X 0 0 0 ERIN DAHMS SECRETARY X X 0 0 0 PATRICIA BURKE MEMBER X 0 0 0 DAN SCHMITT EXECUTIVE DI 20.00 X 24093 0 0 24093 false false false 541 36158 36699 119202 119202 844658 872385 -27727 -27727 -27727 541 128174 91475 74785 74785 24093 24093 23765 23765 3816 3816 3450 3450 9440 9440 19096 19096 255 255 5401 5214 187 2400 2400 643 643 1110 1110 526 526 2279 2279 MARKETING 8539 8539 DUES & SUBSCRIPTIONS 1052 1052 DONATIONS 1000 1000 MISCELLANEOUS 287 287 181937 74785 106965 187 8817 24772 9256 8845 937 411 4084100 3839820 4093854 3865003 82267 99202 82267 99202 X 3935186 3765801 26333 50068 4011587 3765801 4093854 3865003 -53763 -192023 X false true X true false X 22945 32389 29257 29103 36699 150393 22945 32389 29257 29103 36699 150393 150393 109909 126955 104735 125539 119202 586340 736733 0.20410 0.20920 X 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. PART II, LINE 17A 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. 2 2 true true true true X 58661 4805 -2926 1700 58840 53635 5330 789 1093 58661 39796 7768 6571 500 53635 36113 3683 39796 0.93260 0.06740 false false 5338 5338 3918 3507 411 411 -63849 -192023 -192023 128174 128174 181937 181937 181937 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 BOYS & GIRLS CLUB OF FREEPORT 511 S LIBERTY FREEPORT IL 61032 352313105 7250 CAREERTEC 9200 FHN FAMILY COUNSELING CENTER 421 W EXCHANGE FREEPORT IL 61032 362879689 6161 MENTORING; ENRICH. FREEPORT ART MUSEUM 5820 NORTHERN ILLINOIS FOOD BANK 273 DEARBORN CT GENEVA IL 60134 363203648 7685 STEPHENSON CO SENIOR RESOURCE CNTR 5140 UNITED WAY OF NORTHWEST IL 5852 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.