2012-11-14T16:40:48-06:00 2011-12-31 390758449 WIPFLI LLP PO BOX 5407 ROCKFORD IL 611250407 990 2011-01-01 300080762 FREEPORT COMMUNITY FOUNDATION FREE 8152325184 524 W STEPHENSON STREET NO 101 FREEPORT IL 61032 JAMES RHYNE 8152325184 2012-11-13 1 NEAL T RICHARDSON P00349054 8153997700 2012-11-13 2011 2016-02-24 21:20:13Z JAMES RHYNE 524 W STEPHENSON STREET NO 101 FREEPORT IL 61032 686683 0 X N/A X 2002 IL CHARITABLE COMMUNITY SUPPORT 10 10 0 0 0 0 35155 22945 0 0 120659 166284 0 0 155814 189229 24624 60326 0 0 27609 40112 0 0 0 83591 83098 135824 183536 19990 5693 3516447 3304872 9006 12080 3507441 3292792 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. 0 0 60326 60326 GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS 60326 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X X DAN SCHMITT 8158013035 524 W STEPHENSON STREET SUITE 101 FREEPORT IL 61032 X BARRIE HENDRICKSON 0.50 X X 0 0 0 WENDY BLAIR 0.50 X X 0 0 0 JAMES RHYNE 0.50 X 0 0 0 ERIN DAHMS 0.50 X 0 0 0 MARK MILLER 0.50 X X 0 0 0 BOB NICKELS 0.50 X 0 0 0 DAN SCHMITT 0.50 X 0 0 0 JEFF GEHLSEN 0.50 X 0 0 0 CONNIE TAYLOR 0.50 X X 0 0 0 NICOLE BAUER 0.50 X 0 0 0 0 0 0 0 0 0 0 0 22945 22945 109909 109909 553829 497454 56375 56375 56375 189229 166284 0 0 60326 60326 37099 37099 3013 3013 456 456 10235 10235 17746 17746 565 565 5736 5736 2000 2000 323 323 100 100 300 300 ANNUITY DISTRIBUTION 40068 40068 MARKETING 3819 3819 DUES & SUBCRIPTIONS 1050 1050 DONATIONS 700 700 183536 60326 123210 0 19021 647 8126 6926 1500 1200 3415209 3303025 80717 3516447 3304872 9006 12080 9006 12080 X 3317696 3106932 189745 185860 3507441 3292792 3516447 3304872 X 5693 -220342 X 0 0 0 X 13168 8703 93386 35155 22945 173357 13168 8703 93386 35155 22945 173357 35920 137437 210294 133390 70570 95637 109909 619800 793157 0.17330 0.17240 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 FOUNDATIONS YEAR OF FORMATION IS 2002. THE FOUNDATION RECEIVED A DETERMINATION LETTER FROM THE IRS GRANTING THE ORGANIZATION SECTION 501 (C)(3) STATUS. THE FOUNDATIONS 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 CONSISTS OF VOLUNTEERS FROM THE COMMUNITY. BOARD MEMBERS ARE A DIVERSE GROUP OF INDIVIDUALS WHO ARE INTERESTED IN SUPPORTING THE AREAS CHARITABLE ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8126 6926 1200 1200 DUE TO AGENCY 9061 CASH OVERDRAFTS 3019 12080 189229 183536 5693 -220342 -220342 -214649 PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAINS/LOSSES -220,342. 0 FREEPORT HIGH SCHOOL SCHOLARSHIP FUND 701 WEST MOSELY STREET FREEPORT IL 61032 366005471 6062 SCHOLARSHIP FUNDS BOYS & GIRLS CLUB 511 S LIBERTY AVE FREEPORT IL 61032 352313105 10000 TEEN ENRICHMENT PROGRAM HABITAT FOR HUMANITY PO BOX 96 FREEPORT IL 61032 363786465 6000 BUILDING LOT FOR 3 HOMES NAMI STEPHENSON COUNTY PO BOX 863 FREEPORT IL 61032 363347937 5000 COMMUNITY MENTAL HEALTH FAMILY GROUPS NEW HORIZONS COUNSELING CENTER (THE KING'S DAUGHTERS CHILDRENS HOME) 34 NORTH WHISTLER AVE FREEPORT IL 61032 362183811 5200 THERAPEUTIC COUNSELING PROGRAM FOR VICTIMS OF DOMESTIC VIOLENCE NORTHERN ILLINOIS FOOD BANK 600 INDUSTRIAL DRIVE ST CHARLES IL 60174 363203648 10000 BACK PACK PROGRAM FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY OFFICER WHOM SIGNS RETURN FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION EXECUTIVE DIRECTOR HAS EACH BOARD MEMBER SIGN A CONFLICT OF INTEREST STATEMENT ( A COPY OF THE POLICY IS ALSO GIVEN TO THEM) THAT LISTS ANY POTENTIAL CONFLICTS. ALL COMMITTEES SIGN THIS STATEMENT AS WELL. DURING THE GRANT CYCLES AND THE SCHOLARSHIP APPROVAL PROCESS EXECUTIVE DIRECTOR ASK MEMBERS OF THOSE COMMITTEES TO RECUSE THEMSELVES FROM VOTING IF THEY HAVE A CONFLICT. EXECUTIVE DIRECTOR HAVE ALSO REVIEWED THE STATEMENTS PRIOR TO THE GRANT CYCLE TO SEE IF ANYONE NEEDS TO REFRAIN FROM VOTING. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION FOLLOWS THE RULES & REGULATIONS OF THE IRS REGARDING PUBLIC AVAILABILITY OF FORM 990 AS WELL AS ANY OTHER REQUIRED DOCUMENTS. THE FORM 990 IS AVAILABLE UPON REQUREST EITHER BY DOWNLOADING FROM THE FOUNDATION'S WEBSITE OR HAVING IT MAILED OR EXAMINED 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 & THE BODY RESPONSIBLE FOR INVESTMENT & OVERSIGHT. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII BARRIE HENDRICKSON - 624 W CEDARVILLE RD, FREEPORT, IL 61032. WENDY BLAIR - 1011 LORAS DRIVE, FREEPORT, IL 61032. JAMES RHYNE - 1256 W PALMER, FREEPORT, IL 61032. ERIN DAHMS - 60 N. WESTWOOD, FREEPORT, IL 61032. MARK MILLER - 820 BARLEY RIDGE LANE, FREEPORT, IL 61032. BOB NICKELS - 2645 EAST DR, FREEPORT, IL 61032. DAN SCHMITT - 2208 COUNTRYSIDE LANE, ROCK CITY, IL 61070. JEFF GEHLSEN - 2209 COUNTRYSIDE LANE, FREEPORT, IL 61032. CONNIE TAYLOR - 604 WINCHESTER DRIVE, FREEPORT, IL 61032. NICOLE BAUER - 10 N GALENA AVE, BOX 839, FREEPORT, IL 61032. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED GAINS/LOSSES -220,342. TOTAL TO FORM 990, PART XI, LINE 5: -220,342.