2014-05-13T15:48:15-05:00 2013-12-31 BENNING GROUP LLC 50 W DOUGLAS ST STE 801 FREEPORT IL 610324141 990 2013-01-01 300080762 FREEPORT COMMUNITY FOUNDATION FREE 524 W STEPHENSON STREET ROOM/SUITE 102 FREEPORT IL 61032 JAMES RHYNE PRESIDENT 2014-05-01 true JENNY L BLOCKER P00883678 8152353157 2014-05-13 2013 2015-11-30 17:44:51Z JAMES RHYNE 524 W STEPHENSON STREET FREEPORT IL 61032 1556102 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 32389 29307 0 172895 375608 0 205284 404915 59928 73580 0 44698 46657 0 0 82943 85607 187569 205844 17715 199071 3594238 4079042 39448 64225 3554790 4014817 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 73580 73580 GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS. 73580 true true 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 2 0 true 3 true false false false false false false X 10 10 false false false false false false false true true false false false true true true true true false false false IL X X DAN SCHMITT 8158013035 524 W STEPHENSON ST STE 101 FREEPORT IL 61032 X JAMES RHYNE PRESIDENT 0.50 X X 0 0 0 BOB NICKELS VICE-PRESIDE 0.50 X X 0 0 0 BARRIE HENDRICKSON TREASURER 0.50 X X 0 0 0 WENDY BLAIR SECRETARY 0.50 X 0 0 0 MARK MILLER MEMBER 0.50 X 0 0 0 ERIN DAHMS MEMBER 0.50 X 0 0 0 KIMBERLY BEGGIN MEMBER 0.50 X 0 0 0 RALPH ELLIOTT MEMBER 0.50 X 0 0 0 KATHY MOFFATT MEMBER 0.50 X 0 0 0 LARRY WILLIAMS MEMBER 0.50 X 0 0 0 false false false 29307 29307 104735 104735 1422060 1151187 270873 270873 270873 404915 270873 104735 73580 73580 43175 43175 3482 3482 400 400 9385 9385 18010 18010 3523 3523 2400 2400 1466 1466 248 248 474 474 2200 2200 ANNUITY DISTRIBUTION 40068 40068 MARKETING 6206 6206 DUES & SUBSCRIPTIONS 725 725 DONATIONS 502 502 205844 73580 132264 0 2601 8397 9256 7793 1313 1463 3577024 4069182 13300 3594238 4079042 39448 64225 39448 64225 X 3370982 3942327 146838 27752 36970 44738 3554790 4014817 3594238 4079042 199071 260956 X false true X true false X 93386 35155 22945 32389 29257 213132 93386 35155 22945 32389 29257 213132 37364 175768 70570 95637 109909 126955 104735 507806 720938 0.24380 0.21310 X PART II, SECTION C, LINE 17A, 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) NONPROFIT 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 PART II, SECTION C, LINE 17A, 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) NONPROFIT 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 2 5742 2026 500 38754 14881 true true true 39448 24777 64225 true X 7768 6571 500 53635 36113 3683 39796 0.83400 0.16600 false false 5338 5338 3294 2455 839 624 624 1463 665871 260956 260956 404915 404915 205844 205844 205844 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 RECIEVED, INVESTMENT INCOME & FEES, REALIZED & 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 & FEES, REALIZED & 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 SHOLARSHIPS FROM THE EARNINGS ON THE ENDOWMENT FUNDS. true ASSAULT & ABUSE SERVICES STEPH CO 222 WEST SPRING STREET FREEPORT IL 61032 362839117 7181 SEXUAL ASSAULT PREV. FHN FAMILY COUNSELING CENTER 421 W EXCHANGE FREEPORT IL 61032 362879689 6460 MENTORING; ENRICH. SLEEZER YOUTH HOME 1401 S SLEEZER HOME RD FREEPORT IL 61032 362803988 15800 BROKEN INNOCENCE 3 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY OFFICER WHO SIGNS THE RETURN. 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.