William Howard Charitable Trust EIN 36-3205707 Form 990 (PDF) Claim this org

William Howard Charitable Trust FY2023 filing

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Funds children's programs for those with disabilities and underprivileged youth. For fiscal year 2023 it reported $51K in revenue, $314K in expenses, and $944K in net assets.Pt I

Founded
1983
Type
Unknown exempt organization · Nonprofit
Location
Rockford, IL
Filings
6 on file (2020–2023)
Revenue
$51KFY2023
Expenses
$314K
Net assets
$944K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-3205707 Unknown exempt organization Rockford, IL Founded 1983
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Funds children's programs for those with disabilities and underprivileged youth.
Leadership
Nate Howard · Trustee
Money in and out
$51K revenue, $314K expenses
Bottom line
-518% surplus margin
Reported financial activity · FY2023
Total revenue
$51K
Pt VIII · Ln 12
Total expenses
$314K
Pt IX · Ln 25
Net assets
$944K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$263K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Surplus margin
-518%
revenue over expenses, this year
Program spending
99%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$51K
FY2023▼ -58%
Expenses
$314K
FY2023▼ -7%
Total assets
$944K
FY2023▼ -22%
Total liabilities
$0
FY2023
Total revenue
$51K
Pt VIII · Ln 12
Total expenses
$314K
Pt IX · Ln 25
Net assets
$944K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$263K
Total assetsPt X · Ln 16$944K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $311K of program spending, described in the organization's own filed words · FY2023.
01

The trust provides a safe location for recreation and athletic activities for underprivileged children to play by supporting named beneficiary organizations that operate neighborhood boys and girls clubs and community centers.

$274Kprogram expense
02

The trust provides funds for specialized medical and adaptive equipment for named beneficiary organizations to use in providing care for disabled children.

$37Kprogram expense
03

To provide funding to its named beneficiary organizations which serve mentally or physically challenged children in winnebago county, illinois. In addition, the trust provides funding to its named beneficiary organizations which provide athletic and recreational opportunities for underprivileged children in winnebago county, illinois.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWilliam Howard Charitable Trust
EINHdr · item D36-3205707
Principal addressHdr · item CRockford, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1983
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$46K · 91%
Contributions & grants$4K · 9%
Investment income91%$46K
Contributions & grants9%$4K
Total revenueLn 12$51K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$311K
Management & general1%$3K
Total functional expensesLn 25$314K

Balance Sheet

Part X · end of year
CashLn 1$62K
Total assetsLn 16$944K
Total liabilitiesLn 26$0
Total net assetsLn 32$944K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $944K · Operating expenses/yr $314K
36.1 months
Where the money goes
Program services
Program services $311K · Total expenses $314K
99%
Management & General
Management & general $3K · Total expenses $314K
0.8%
Fundraising
Fundraising $0 · Total expenses $314K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $51K
9%
Government reliance
Government grants — · Total revenue $51K
Earned-income share
Program service revenue $0 · Total revenue $51K
0%
Investment reliance
Investment income $46K · Total revenue $51K
+91%
Program self-sufficiency
Program service revenue $0 · Total expenses $314K
0%
Growth & trend
Revenue growth (YoY)
This year $51K · Prior year $122K
-58%
Net-asset trend (YoY)
End of year $944K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $51K · Expenses $314K
-518%
Liabilities-to-Assets
Total liabilities — · Total assets $944K
Net-asset ratio
Net assets $944K · Total assets $944K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $882K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $944K
93%
People & payroll
Highest Reported Total Compensation
Individual Nate Howard · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $314K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $314K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.8%
Fundraising cost ratio 0%
Revenue growth -58%
Accounting fee ratio 0.8%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 46 grants · $2.5M · 2020–2025
Walter Lawson Children's HomeTN · FY2025$35,093
YMCA of Rock River ValleyIL · FY2025$31,667
Barbara Olson Center of HopeIL · FY2025$14,330
Booker Washington Community CenterFY2025$11,276
Walter Lawson Children's HomeTN · FY2024$20,839
EastersealsIL · FY2024$15,000
Barbara Olson Center of HopeIL · FY2024$14,725
Booker Washington Community CenterFY2024$13,836
See all 46 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$236K revenue · ⤓ 990 PDF
FY2024$233K revenue · ⤓ 990 PDF
FY2023$51K revenue · viewing · ⤓ 990 PDF
FY2022$122K revenue · ⤓ 990 PDF
FY2021$203K revenue · ⤓ 990 PDF
FY2020$134K revenue · ⤓ 990 PDF

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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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