Freeport Community Foundation FY2020 filing

Freeport, IL · Public foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible Latest data FY2020
Revenue
$649K
Spent
$618K
To programs
83%
Net assets
$5.4M
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).

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?
3 funders, incl. Craig a Wilson Irrevocable Trust FBO Freeport Community Foundation
$171K in the latest grant year.
Spent on programs?
83% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
Legal name (IRS)Hdr · item CFreeport Community Foundation
EINHdr · item D30-0080762
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CFreeport, IL
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
WebsiteHdr · item Jwww.freeportcf.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$515K
Management & general17%$103K
Total functional expensesLn 25$618K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$649K
FY2020
Expenses
$618K
FY2020
Program efficiency
83%
of spending reaches programs
Operating runway
108.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$5.6M
FY2020
Total liabilities
$222K
FY2020
Revenue less expensesPt I · Ln 19$32K
Total assetsPt X · Ln 16$5.6M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$5.6M
Total liabilitiesLn 26$222K
Total net assetsLn 32$5.4M
Months of cash on handcomputed0.7

Statement of Revenue

Part VIII
Contributions & grants$454K · 70%
Investment income$196K · 30%
Contributions & grants70%$454K
Investment income30%$196K
— government grantsLn 1e$14K
Total revenueLn 12$649K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.6M · Operating expenses/yr $618K
108.9 months
Where the money goes
Program services
Program services $515K · Total expenses $618K
83%
Management & General
Management & general $103K · Total expenses $618K
17%
Fundraising
Fundraising $0 · Total expenses $618K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $440K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $454K · Total revenue $649K
70%
Government reliance
Government grants $14K · Total revenue $649K
2%
Earned-income share
Program service revenue $0 · Total revenue $649K
0%
Investment reliance
Investment income $196K · Total revenue $649K
+30%
Program self-sufficiency
Program service revenue $0 · Total expenses $618K
0%
Growth & trend
Revenue growth (YoY)
This year $649K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $5.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $649K · Expenses $618K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $5.6M
—
Net-asset ratio
Net assets $5.4M · Total assets $5.6M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.6M
99%
People & payroll
Highest Reported Total Compensation
Individual Michelle Dehaven · Reported title EXECUTIVE DI · Highest reported compensation $0 · Total expenses $618K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $73K · Total expenses $618K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 17%——
Fundraising cost ratio 0%——
Legal fee ratio 0.03%——
Accounting fee ratio 2%——

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 Di
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Freeport Community Foundation executive salaries →

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

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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

Builds endowments and distributes income to support Northwest Illinois charities.

Provided by the organization

This section is blank until Freeport Community Foundation claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $515K of program spending, described in the organization's own filed words · FY2020.
01

Grants to local charitable organizations to help provide for the well-being of the citizens of northwest illinois.

$515Kprogram expense

Run this program? Claim this org to tell your story

Funders

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 44 grants · $1.6M · 2020–2024
Misc Discretionary AllocationsFY2024$183,748
Misc Discretionary AllocationsFY2023$235,792
Misc Discretionary AllocationsFY2022$252,747
Misc Discretionary AllocationsFY2022$252,747
Northern Illinois Food BankIL · FY2021$37,500
River Bend Food ReservoirIA · FY2021$25,000
Timber Lake PlayhouseIL · FY2021$18,500
Farmworker & Landscaper AdvocacyFY2021$15,000
Freeport Art MuseumFY2021$13,800
Senior Resource CenterFY2021$11,900
United Way of Northwest IlFY2021$10,800
Madonna RenewalFY2021$8,500
Voices of Stephenson CountyIL · FY2021$7,800
Northwest Home StartFY2021$7,500
Jdlf GivesFY2021$7,000
Malcolm Eaton EnterprisesIL · FY2021$6,890
RampFY2021$6,280
See all 44 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $592K$467K+70% 990 PDF
FY2023 $349K$492K+18% 990 PDF
FY2022 $297K$437K-79% 990 PDF
FY2021 $1.4M$376K+114% 990 PDF
FY2020 Viewing $649K$618K 990 PDF

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

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.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Freeport Community Foundation →

Run this organization? Claim this page

Compare

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

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
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.
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.