Freeportstephenson County FY2020 filing

Freeport, ILUnknown exempt organizationEIN 20-3982547

To purchase & maintian a building for freeport/stephenson county visitors center, which building shall be open to the public. To educate the public with respect to, & promote, the city of freeport & stephenson county as a location for recreation, tourism, commercial & industrial interest, & residential & retirement opportunities in order to assist in the continuing economic & social improvement of the city & county.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$138K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35K
Spent
$27K
To programs
100%
Net assets
$320K
By yearFY2020–FY2025
Revenue
$35K
FY2020
Revenue by fiscal year
FY2020$35K
FY2025$17K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $27K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Freeportstephenson County executive salaries →

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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

Maintains a public building promoting local tourism and economic development.

Provided by the organization

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1 program service account for $27K of program spending, described in the organization's own filed words · FY2020.
01

To purchase & maintian a building for FREEPORT/STEPHENSON county visitors center, which building shall be open to the public. To educate the public with respect to, & promote, the city of freeport & stephenson county as a location for recreation, tourism, commercial & industrial interest, & residential & retirement opportunities in order…

$27Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$35K
Ln 12
Fees for servicesLn 2g$35K
Investment incomeLn 3$4
Money outPt IX
$27K
Ln 25
Programscol B$27K
Owns and owesPt X
$320K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$458K
LiabilitiesLn 26$138K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$35K
Investment incomeLn 3$4
Total revenueLn 12$35K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Land, buildings, equipmentLn 10c$452K
Total assetsLn 16$458K
LiabilitiesLn 26$138K
Net assetsLn 32$320K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$7K$6K
Land, buildings, equipmentLn 10c$470K$452K
Total assetsLn 16$477K$458K
LiabilitiesLn 26$165K$138K
Net assetsLn 32$312K$320K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
InterestLn 20$8K$8K
Depreciation, depletion and amortizationLn 22$18K$18K
Total functional expensesLn 25$27K$27K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $17K 990 PDF
FY2024 Not on file
FY2023 Not on file
FY2022 Not on file
FY2021 Not on file
FY2020 Viewing $35K$27K$8K$320K 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
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $34,984 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,980$34,980
VIII-3 Investment incomeRelated to mission $4$4
VIII-12 Total revenueRelated to mission $34,984 · Unrelated business $0 · Excluded from tax $0$34,984
Part IX · Statement of functional expenses $26,754 across 3 lines filed
IX-11c Accounting feesPrograms $1,250$1,250
IX-20 InterestPrograms $7,787$7,787
IX-22 Depreciation, depletion and amortizationPrograms $17,717$17,717
IX-25 Total functional expensesPrograms $26,754 · Management $0 · Fundraising $0$26,754
Part X · Balance sheet $458,150 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $7,213$5,967
X-10c Land, buildings and equipment, netStart of year $469,900$452,183
X-16 Total assetsStart of year $477,113$458,150
X-26 Total liabilitiesStart of year $165,097$137,904
X-27 Net assets without donor restrictionsStart of year $312,016$320,246
X-32 Total net assets or fund balancesStart of year $312,016$320,246
X-33 Total liabilities and net assetsStart of year $477,113$458,150
Part XI · Reconciliation of net assets $320,246 net assets at year end
XI-1 Total revenue$34,984
XI-2 Total expenses$26,754
XI-3 Revenue less expenses$8,230
XI-4 Net assets at start of year$312,016
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$320,246

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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