Three Crowns Foundation FY2023 filing

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501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $131K a year · 33% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
44%
of spending
44% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $4K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
362% of total assets
Liabilities are 362% of assets.
Pt X · Ln 26
Independent board members
16
of 19 voting members
16 of 19 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$89K
-69% vs prior year
Spent
$11K
To programs
44%
Net assets
−$1.1M
By yearFY2020–FY2025
Revenue
$89K
FY2023▼ -69%
Tap a bar for its year
Revenue by fiscal year
FY2020$742K
FY2021$1.1M
FY2021$289K
FY2023$89K
FY2024$25K
FY2025$68K
Expenses
$11K
FY2023▼ -97%
Tap a bar for its year
Expenses by fiscal year
FY2020$658K
FY2021$596K
FY2021$362K
FY2023$11K
FY2024$9K
FY2025$44K
Net assets
−$1.1M
FY2023▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.9M
FY2021$2.7M
FY2021−$1.3M
FY2023−$1.1M
FY2024−$1.0M
FY2025−$1.1M

From the FY2023 Form 990 (year ending September 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $5K Management & general 56% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990.

Part VII, Section A · reportable compensation
Director/Clcs President/CEO
$0Pt VII · Sec A
CFO/Treasurer/Asst Secretary
$0Pt VII · Sec A
SR VP & Gen Counsel/Asst Secretary
$0Pt VII · Sec A
SR VP Enterprise Ops/Asst Secretary
$0Pt VII · Sec A
Former SVP Community Ops
$0Pt VII · Sec A
Director/Ex-Officio
$0Pt VII · Sec A
SVP of Human Resources
$0Pt VII · Sec A
Former Interim Finance Lead/Treas.
$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 →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

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1 program · $5K · in their own filed words · FY2022
01

Support for three crowns park, a related organization.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1060468) · Dispute this line
$5Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$89K
Ln 12
Gifts and grantsLn 1h$74K
Investment incomeLn 3$13K
Other incomeLn 4–11$2K
Money outPt IX
$11K
Ln 25
Programscol B$5K
Managementcol C$6K
Owns and owesPt X
−$1.1M
net assets · Ln 32
Total assetsLn 16$415K
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
29
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74K
Investment incomeLn 3$13K
Other incomeLn 4–11$2K
Gains on assetsLn 7$2K
Total revenueLn 12$89K
Assets in detailPt X, end of year
InvestmentsLn 11–13$415K
Total assetsLn 16$415K
LiabilitiesLn 26$1.5M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$123K$0
InvestmentsLn 11–13$383K$415K
Total assetsLn 16$506K$415K
LiabilitiesLn 26$1.7M$1.5M
Net assetsLn 32−$1.2M−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Legal feesLn 11b$551$551
Investment management feesLn 11f$1K$1K
Office expensesLn 13$1K$1K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$11K$5K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 7, 2026 $68K$44K$24K−$1.1M 990 PDF
FY2024Filed with the IRS Jul 30, 2025 $25K$9K$16K−$1.0M 990 PDF
FY2023 ViewingFiled with the IRS Jul 31, 2024 $89K$11K$78K−$1.1M 990 PDF
FY2022 Not on file
FY2021Filed with the IRS Feb 9, 2022 $1.1M$596K$456K$2.7M 990 PDF
FY2020Filed with the IRS Feb 12, 2021 $742K$658K$83K$10.9M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $89,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $146,900$74,499
I-9 Program service revenuePrior year $99,015$0
I-10 Investment incomePrior year $9,749$14,630
I-11 Other revenuePrior year $2,000$0
I-12 Total revenuePrior year $257,664$89,129
I-13 Grants and similar amounts paidPrior year $25,766$4,935
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $120,329$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,819$6,365
I-18 Total expensesPrior year $147,914$11,300
I-19 Revenue less expensesPrior year $109,750$77,829
Part VI · Governance 16 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $89,129 across 5 lines filed
VIII-1f All other contributions, gifts and grants$74,499
VIII-1h Total contributions, gifts and grants$74,499
VIII-3 Investment incomeExcluded from tax $12,720$12,720
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,910$1,910
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $14,630$89,129
Part IX · Statement of functional expenses $11,300 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $4,935$4,935
IX-11b Legal feesManagement $551$551
IX-11f Investment management feesManagement $1,499$1,499
IX-13 Office expensesManagement $1,000$1,000
IX-24 Other expenses (24a–d)Management $3,315$3,315
IX-25 Total functional expensesPrograms $4,935 · Management $6,365 · Fundraising $0$11,300
Part X · Balance sheet $415,409 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $122,703$0
X-11 Publicly traded securitiesStart of year $382,858$415,409
X-16 Total assetsStart of year $505,561$415,409
X-25 Other liabilitiesStart of year $1,698,898$1,504,963
X-26 Total liabilitiesStart of year $1,698,898$1,504,963
X-27 Net assets without donor restrictionsStart of year −$1,438,481−$1,401,641
X-28 Net assets with donor restrictionsStart of year $245,144$312,087
X-32 Total net assets or fund balancesStart of year −$1,193,337−$1,089,554
X-33 Total liabilities and net assetsStart of year $505,561$415,409
Part XI · Reconciliation of net assets −$1,089,554 net assets at year end
XI-1 Total revenue$89,129
XI-2 Total expenses$11,300
XI-3 Revenue less expenses$77,829
XI-4 Net assets at start of year−$1,193,337
XI-5 Net unrealized gains (losses) on investments$21,019
XI-9 Other changes in net assets$4,935
XI-10 Net assets at end of year−$1,089,554

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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