Three Crowns Foundation FY2023 filing

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

✓ Tax-deductible
Revenue
$89K
-69% vs prior year
Spent
$11K
To programs
44%
Net assets
−$1.1M
By yearFY2020–FY2024
Revenue
$89K
FY2023▼ -69%
Revenue by fiscal year
FY2020$742K
FY2021$1.1M
FY2021$289K
FY2023$89K
FY2024$25K
FY2024$68K
Expenses
$11K
FY2023▼ -97%
Expenses by fiscal year
FY2020$658K
FY2021$596K
FY2021$362K
FY2023$11K
FY2024$9K
FY2024$44K
Net assets
−$1.1M
FY2023▲ +16%
Net assets by fiscal year
FY2020$10.9M
FY2021$2.7M
FY2021−$1.3M
FY2023−$1.1M
FY2024−$1.0M
FY2024−$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 (FY2024) →

Status and standing

Is it real, and can you give to it?

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)
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

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.56
Program services44%$5K
Management & general56%$6K
Total functional expensesLn 25$11K

Financial health

Is it on solid ground?

Net inflow
+87%
revenue over expenses, this year
Pass-through gifts
84%
of revenue from contributions
Program spending
44%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$415K
FY2023▼ -56%
Total assets by fiscal year
FY2020$11.0M
FY2021$2.9M
FY2021$952K
FY2023$415K
FY2024$488K
FY2024$522K
Total liabilities
$1.5M
FY2023▼ -33%
Total liabilities by fiscal year
FY2020$87K
FY2021$213K
FY2021$2.2M
FY2023$1.5M
FY2024$1.5M
FY2024$1.6M
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$415K
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 416

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$415K
Total liabilitiesLn 26$1.5M
Total net assetsLn 32−$1.1M

Statement of Revenue

Part VIII
Contributions & grants$74K · 84%
Investment income$15K · 16%
Contributions & grants84%$74K
Investment income16%$15K
Total revenueLn 12$89K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $415K · Operating expenses/yr $11K
441.1 months
Where the money goes
Program services
Program services $5K · Total expenses $11K
44%
Management & General
Management & general $6K · Total expenses $11K
56%
Fundraising
Fundraising $0 · Total expenses $11K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $106K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $74K · Total revenue $89K
84%
Government reliance
Government grants — · Total revenue $89K
—
Earned-income share
Program service revenue $0 · Total revenue $89K
0%
Investment reliance
Investment income $15K · Total revenue $89K
+16%
Program self-sufficiency
Program service revenue $0 · Total expenses $11K
0%
Growth & trend
Revenue growth (YoY)
This year $89K · Prior year $289K
-69%
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 $89K · Expenses $11K
+87%
Liabilities-to-Assets
Total liabilities — · Total assets $415K
—
Net-asset ratio
Net assets −$1.1M · Total assets $415K
-262%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $415K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $415K
100%
People & payroll
Highest Reported Total Compensation
Individual Terri S Cunliffe · Reported title DIRECTOR/CLCS PRESIDENT/CEO · Highest reported compensation $0 · Total expenses $11K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $11K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 44%——
Overhead ratio 56%——
Fundraising cost ratio 0%——
Revenue growth -69%——
Investment management fee ratio 0.4%——
Legal fee ratio 5%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
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.

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Governance & Policies

Part VI
  • 19Voting board membersPt VI · Ln 1a
  • 16Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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

Provided by the organization

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

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Mission & Programs · Part III

Where the work happens

1 program service account for $5K of program spending, described in the organization's own filed words · FY2022.
01

Support for three crowns park, a related organization.

$5Kprogram expense

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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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $25K$9K-72% 990 PDF
FY2023 Viewing $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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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