philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Schaumburg Park Foundation

Tax-deductible

Schaumburg, IL501(c)(3) EIN 36-3150457Revenue $78K in FY2024

On file with the IRSparkfun.com/foundation235 E Beech Dr, 60193-2903 · Schaumburg, ILTax-exempt since Mar 1982Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Foundation raises funds for park enhancements and projects, and to provide financial assistance to qualifying park patrons and students.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 45 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $14K a year · 24% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
62 mo
of spending, in cash
Looks good: 62.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$78K
+40% vs prior year
Spent
$35K
To programs
63%
Net assets
$502K
By yearFY2020–FY2024
Revenue
$78K
FY2024▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$7K
FY2021$38K
FY2022$114K
FY2023$55K
FY2024$78K
Expenses
$35K
FY2024▼ -39%
Tap a bar for its year
Expenses by fiscal year
FY2020$35K
FY2021$45K
FY2022$49K
FY2023$57K
FY2024$35K
Net assets
$502K
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$403K
FY2021$396K
FY2022$461K
FY2023$459K
FY2024$502K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1982.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $22K Management & general 37% · $13K

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

Something off? Claim to add context

Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Burgess
Assistant Treasurer
$0Pt VII · Sec A
Jack Trudel
Vice Chairman
$0Pt VII · Sec A
Brian Berg JR
Treasurer
$0Pt VII · Sec A
Justin Sienkiewicz
Executive Vice President
$0Pt VII · Sec A
Kristy Riddle
Recording Secretary
$0Pt VII · Sec A
See Schaumburg Park Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Funds park improvements and helps patrons and students with financial aid.

Questions for Schaumburg Park Foundation

Tap to ask. Schaumburg Park Foundation sees how many people are interested.

Your first name shows with your question. Schaumburg Park Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $22K · in their own filed words · FY2024
01

Support for park district participants' financial needs including for program charges, daycare and preschool.

$22Kprogram 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 · FY2025
Rotary Club of Schaumburg-Hoffman Estates Charitable Foundation INCFY2025$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 8 grants · $193K · 2020–2024
Schaumburg Park DistrictFY2024$21,886
Schaumburg Park DistrictFY2023$38,488
Schaumburg Township Elementary School FoundationIL · FY2023$10,000
Schaumburg Park DistrictFY2022$35,004
Schaumburg Township Elementary School FoundationIL · FY2022$10,000
Schaumburg Park DistrictFY2021$38,849
Schaumburg Township Elementary School FoundationIL · FY2021$5,000
Schaumburg Park DistrictFY2020$33,792

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$78K
Ln 12
Gifts and grantsLn 1h$45K
Other incomeLn 4–11$28K
Investment incomeLn 3$5K
Money outPt IX
$35K
Ln 25
Programscol B$22K
Managementcol C$13K
Owns and owesPt X
$502K
net assets · Ln 32
Cash and savingsLn 1–2$180K
Total assetsLn 16$506K
LiabilitiesLn 26$4K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Fundraising eventsLn 1c$24K
Investment incomeLn 3$5K
Other incomeLn 4–11$28K
Total revenueLn 12$78K
Assets in detailPt X, end of year
CashLn 1$124K
SavingsLn 2$56K
Cash and savings togetherLn 1–2$180K
InvestmentsLn 11–13$10K
Land, buildings, equipmentLn 10c$316K
Other assetsLn 15$200
Total assetsLn 16$506K
LiabilitiesLn 26$4K
Net assetsLn 32$502K
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$133K$180K
InvestmentsLn 11–13$8K$10K
Land, buildings, equipmentLn 10c$316K$316K
Total assetsLn 16$460K$506K
LiabilitiesLn 26$456$4K
Net assetsLn 32$459K$502K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Office expensesLn 13$3K$3K
Conferences, conventions and meetingsLn 19$254$254
Other expenses (24a–d)Ln 24$10K$10K
All other expensesLn 24e$222$222
Total functional expensesLn 25$35K$22K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $78K$35K$43K$502K 990 PDF
FY2023 $55K$57K−$2K$459K 990 PDF
FY2022 $114K$49K$65K$461K 990 PDF
FY2021 $38K$45K−$7K$396K 990 PDF
FY2020 $7K$35K−$28K$403K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $77,609 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,344$45,290
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $845$4,761
I-11 Other revenuePrior year $47,129$27,558
I-12 Total revenuePrior year $55,318$77,609
I-13 Grants and similar amounts paidPrior year $48,488$21,886
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,413$12,936
I-18 Total expensesPrior year $56,901$34,822
I-19 Revenue less expensesPrior year −$1,583$42,787
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $77,609 across 6 lines filed
VIII-1c Fundraising events$24,000
VIII-1f All other contributions, gifts and grants$21,290
VIII-1h Total contributions, gifts and grants$45,290
VIII-3 Investment incomeExcluded from tax $4,761$4,761
VIII-8 Net income from fundraising eventsExcluded from tax $27,558$27,558
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $32,319$77,609
Part IX · Statement of functional expenses $34,822 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $21,886$21,886
IX-13 Office expensesManagement $2,669$2,669
IX-19 Conferences, conventions and meetingsManagement $254$254
IX-24 Other expenses (24a–d)Management $9,791$9,791
IX-24e All other expensesManagement $222$222
IX-25 Total functional expensesPrograms $21,886 · Management $12,936 · Fundraising $0$34,822
Part X · Balance sheet $506,226 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $79,700$124,074
X-2 Savings and temporary cash investmentsStart of year $52,841$55,907
X-10c Land, buildings and equipment, netStart of year $316,250$316,250
X-11 Publicly traded securitiesStart of year $8,101$9,795
X-15 Other assetsStart of year $0$200
X-16 Total assetsStart of year $459,903$506,226
X-17 Accounts payable and accrued expensesStart of year $456$987
X-25 Other liabilitiesStart of year $0$3,005
X-26 Total liabilitiesStart of year $456$3,992
X-27 Net assets without donor restrictionsStart of year $135,098$176,189
X-28 Net assets with donor restrictionsStart of year $324,349$326,045
X-32 Total net assets or fund balancesStart of year $459,447$502,234
X-33 Total liabilities and net assetsStart of year $459,903$506,226
Part XI · Reconciliation of net assets $502,234 net assets at year end
XI-1 Total revenue$77,609
XI-2 Total expenses$34,822
XI-3 Revenue less expenses$42,787
XI-4 Net assets at start of year$459,447
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$502,234

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

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.

Your org? Add context

Made it to the end? Claim this org

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 pay comparisons above.