Three Crowns Foundation

Claim it free, then get the verified mark Claim this org →
EIN 20-1060468 Supporting organization Evanston, IL NTEE S50
Form 990 (PDF)

Is this your organization? Claim it free

Revenue & expenses by yearFY2020–FY2024
Revenue
$68K
FY2024▲ +174%
Expenses
$44K
FY2024▲ +417%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Offers administrative, management, investment, and financial help to Three Crowns Park. For fiscal year 2024 it reported $68K in revenue, $44K in expenses, and $-1.1M in net assets.Pt I

Founded
2004
Type
Supporting organization · Community Development
Location
Evanston, IL
Filings
4 on file (2020–2024)
Revenue
$68KFY2024
Expenses
$44K
Net assets
$-1.1M
People
29
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Compare with another nonprofit →
Provided by the organization

This section is blank until Three Crowns Foundation claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Offers administrative, management, investment, and financial help to Three Crowns Park.
Leadership
David G Erickson · Director/Ex-Officio/Chief Executive Officer
Money in and out
$68K revenue, $44K expenses
Bottom line
+35% net inflow

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Katten Muchin Rosenman Foundation INC C/O Renee M Lercher CFO

1 distinct foundation funder(s) on file, $4K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

96% to programs

96% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↑ +174% vs prior year

Revenue band <$100K, +174% versus the prior filing year (up). See detail →

Money in and out · FY2024
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$44K
Pt IX · Ln 25
Net assets
$-1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $24K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Net inflow
+35%
revenue over expenses, this year▼ -46% vs prior filing year
Pass-through gifts
62%
of revenue from contributions▲ +119% vs prior filing year
Program spending
96%
of expenses reach stated programs▲ +27% vs prior filing year

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Three Crowns Foundation →

Run this organization? Claim this page

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$522K
FY2024▲ +7%
Total liabilities
$1.6M
FY2024▲ +6%
Revenue less expensesPt I · Ln 19$24K
Total assetsPt X · Ln 16$522K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThree Crowns Foundation
EINHdr · item D20-1060468
Principal addressHdr · item CEvanston, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2004
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S50)
Ruling yearIRS BMFOct 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director/Ex-Officio/Chief Executive Officer
$0Pt VII · Sec A
Director/Chair
$0Pt VII · Sec A
Director/Vice Chair
$0Pt VII · Sec A
Director/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director - Part Year
$0Pt VII · Sec A
$0Pt VII · Sec A

Phillip Hemmer’s $224K as Executive Director is at the 98th percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2021FY2020
Phillip Hemmer$224,039——
Dennis Trautvetter$210,454—$171,832
Phil Hemmer—$206,274$182,925
Dennis H Trautvetter—$183,880—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Three Crowns Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $42K of program spending, described in the organization's own filed words · FY2024.
01

Support for three crowns park, a related organization.

$42Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$42K · 62%
Investment income$25K · 37%
Other revenue$607 · 1%
Contributions & grants62%$42K
Investment income37%$25K
Other revenue1%$607
Total revenueLn 12$68K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$42K
Management & general4%$2K
Total functional expensesLn 25$44K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$522K
Total liabilitiesLn 26$1.6M
Total net assetsLn 32$-1.1M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $522K · Operating expenses/yr $44K
141.8 months
Where the money goes
Program services
Program services $42K · Total expenses $44K
96%
Management & General
Management & general $2K · Total expenses $44K
4%
Fundraising
Fundraising $0 · Total expenses $44K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $41K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $42K · Total revenue $68K
62%
Government reliance
Government grants — · Total revenue $68K
—
Earned-income share
Program service revenue $0 · Total revenue $68K
0%
Investment reliance
Investment income $25K · Total revenue $68K
+37%
Program self-sufficiency
Program service revenue $0 · Total expenses $44K
0%
Growth & trend
Revenue growth (YoY)
This year $68K · Prior year $25K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2019 $742K · FY2024 $68K
-38%
Net-asset trend (YoY)
End of year $-1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $68K · Expenses $44K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $522K
—
Net-asset ratio
Net assets $-1.1M · Total assets $522K
-211%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $522K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $522K
100%
People & payroll
Highest Reported Total Compensation
Individual David G Erickson · Reported title DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER · Highest reported compensation $0 · Total expenses $44K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $44K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Revenue growth 174%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$4K
Grants paid · 5 grants · $283K · 2019–2021
Unitemized GrantFY2021$29,094
Three Crowns ParkIL · FY2021$25,766
Unitemized GrantFY2020$19,226
Three Crowns ParkIL · FY2019$150,916
Unitemized GrantFY2019$57,868

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$25K revenue · ⤓ 990 PDF
FY2023$89K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$742K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.