2013-05-16T15:21:18-05:00 2012-12-31 BENNING GROUP LLC 50 W DOUGLAS ST STE 801 FREEPORT IL 610324141 990 2012-01-01 300080762 FREEPORT COMMUNITY FOUNDATION FREE 524 W STEPHENSON STREET ROOM/SUITE 102 FREEPORT IL 61032 JAMES RHYNE 2013-05-13 true JENNY L BLOCKER 8152353157 2013-05-14 2012 2016-02-24 21:20:13Z JAMES RHYNE 524 W STEPHENSON STREET FREEPORT IL 61032 866867 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 4 0 22945 32389 0 166284 172895 0 189229 205284 60326 59928 0 40112 44698 0 0 83098 82943 183536 187569 5693 17715 3304872 3594238 12080 39448 3292792 3554790 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 59928 59928 GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS. 59928 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 1 0 true 4 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 0.50 X X 0 0 0 BOB NICKELS 0.50 X X 0 0 0 BARRIE HENDRICKSON 0.50 X X 0 0 0 CONNIE TAYLOR 0.50 X X 0 0 0 WENDY BLAIR 0.50 X 0 0 0 NICOLE BAUER 0.50 X 0 0 0 JEFF GEHLSEN 0.50 X 0 0 0 MARK MILLER 0.50 X 0 0 0 ERIN DAHMS 0.50 X 0 0 0 KIMBERLY BEGGIN 0.50 X 0 0 0 false false false 32389 32389 126955 126955 707523 661583 45940 45940 45940 205284 45940 126955 59928 59928 41354 41354 3344 3344 300 300 10020 10020 17485 17485 336 336 3290 3290 2400 2400 2090 2090 898 898 393 393 2411 2411 ANNUITY DISTRIBUTION 40068 40068 MARKETING 1602 1602 DUES & SUBSCRIPTIONS 1450 1450 DONATIONS 200 200 187569 59928 127641 0 647 2601 8632 7319 1200 1313 3259135 3577024 43890 13300 3304872 3594238 12080 39448 12080 39448 X 3106932 3370982 185860 146838 36970 3292792 3554790 3304872 3594238 17715 258662 -14379 X false true X true false X 8703 93386 35155 22945 32389 192578 8703 93386 35155 22945 32389 192578 37202 155376 133390 70570 95637 109909 126955 536461 729039 0.21310 0.17330 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 2 26720 10250 28618 11178 true true true 9061 30387 39448 true X 36113 3683 39796 0.92900 0.07100 false false 5338 5338 3294 1981 1313 1313 463946 258662 258662 205284 205284 187569 187569 187569 EXPLANATION FOR UNREPORTED CONTRIBUTIONS OR ASSETS 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. ESCROW LIABILITY ARRANGEMENT EXPLANATION 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. INTENDED USES FOR ENDOWMENT FUNDS 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 BOYS AND GIRLS CLUB 511 S LIBERTY AVE FREEPORT IL 61032 352313105 8466 YOUTH HOMEWORK TUTOR CAREER TEC 2037 W GALENA AVE FREEPORT IL 61032 363290905 5538 HOYA & CIB, READINES FREEPORT AREA CHURCH COOP 514 S CHICAGO AVE FREEPORT IL 61032 237317457 6000 VISTA PROJECT SOJOURN HOUSE 565 N TURNER AVE FREEPORT IL 61032 237407445 9000 TREATMENT PRG REDESI PUBLIC HEALTH FOUNDATION OF NWIL 10 W LINDEN ST FREEPORT IL 61032 113676983 6169 PERSPIRING TOGETHER 5 ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY OFFICER WHOM SIGNS RETURN. ENFORCEMENT OF CONFLICTS POLICY 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. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 TEMP. RESTRICTED ASSETS TO LIABILITY - AGENCY FUND 14,379