Three Crowns Foundation FY2021 filing

Evanston, IL · Supporting organization · Since 2004 · Community Development

✓ Tax-deductible Latest data FY2021
Revenue
$289K
▼ -73% vs prior year
Spent
$362K
To programs
8%
Net assets
$-1.3M
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending September 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Katten Muchin Rosenman Foundation INC C/O Renee M Lercher CFO
$4K in the latest grant year.
Spent on programs?
8% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↓ -73% vs prior year
Legal name (IRS)Hdr · item CThree Crowns Foundation
EINHdr · item D20-1060468
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2004
Year of formationHdr · item L2004
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CEvanston, IL
NTEE classificationIRS BMFCommunity Development (S50)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.08 Management & general $0.92
Program services8%$29K
Management & general92%$333K
Total functional expensesLn 25$362K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$289K
FY2021▼ -73%
Expenses
$362K
FY2021▼ -39%
Net inflow
-25%
revenue over expenses, this year
Pass-through gifts
20%
of revenue from contributions
Program spending
8%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$952K
FY2021▼ -67%
Total liabilities
$2.2M
FY2021▲ ×11
Revenue less expensesPt I · Ln 19−$73K
Total assetsPt X · Ln 16$952K
Program-expense ratioPt IX · col B8%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$212K
Total assetsLn 16$952K
Total liabilitiesLn 26$2.2M
Total net assetsLn 32$-1.3M
Months of cash on handcomputed7.0

Statement of Revenue

Part VIII
Program service revenue$229K · 79%
Contributions & grants$59K · 20%
Program service revenue79%$229K
Contributions & grants20%$59K
Investment income$788
Total revenueLn 12$289K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $952K · Operating expenses/yr $362K
31.6 months
Where the money goes
Program services
Program services $29K · Total expenses $362K
8%
Management & General
Management & general $333K · Total expenses $362K
92%
Fundraising
Fundraising $0 · Total expenses $362K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $131K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $59K · Total revenue $289K
20%
Government reliance
Government grants — · Total revenue $289K
—
Earned-income share
Program service revenue $229K · Total revenue $289K
79%
Investment reliance
Investment income $788 · Total revenue $289K
+0.3%
Program self-sufficiency
Program service revenue $229K · Total expenses $362K
63%
Growth & trend
Revenue growth (YoY)
This year $289K · Prior year $1.1M
-73%
Net-asset trend (YoY)
End of year $-1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $289K · Expenses $362K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $952K
—
Net-asset ratio
Net assets $-1.3M · Total assets $952K
-136%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $740K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $952K
78%
People & payroll
Highest Reported Total Compensation
Individual Phillip Hemmer · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $224K · Total expenses $362K
62%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $260K · Total expenses $362K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 8%——
Overhead ratio 92%——
Fundraising cost ratio 0%——
Revenue growth -73%——
Investment management fee ratio 0.1%——
Legal fee ratio 0.04%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$224,039Pt VII · Sec A
Director of Finance
$210,454Pt VII · Sec A
CFO/Treasurer/Asst Secretary
$0Pt VII · Sec A
SVP, Community Ops/Asst Secretary
$0Pt VII · Sec A
SR VP Enterprise Ops/Asst Secretary
$0Pt VII · Sec A
Director/Ex-Officio
$0Pt VII · Sec A
Former Interim Finance Lead/Treas.
$0Pt VII · Sec A
Director/Ex-Officio
$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 →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
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

Mission and programs

Offers administrative, management, investment, and financial help to Three Crowns Park.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $55K of program spending, described in the organization's own filed words · FY2021.
01

Support for three crowns park, a related organization.

$29Kprogram expense
02

Support for three crowns park, a related organization.

$26Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

Filing history

YearRevenueExpensesChangeFiling
FY2024 $25K$9K-72% 990 PDF
FY2023 $89K$11K-69% 990 PDF
FY2022 Not on file
FY2021 $1.1M$596K+42% 990 PDF
FY2020 $742K$658K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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