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Kaneco Association FY2023 filing

Tax-deductible

Aurora, IL501(c)(3)Since 2002Recreation & Sports EIN 36-4388643Revenue $153K in FY2023

On file with the IRS309 New Indian Trail CT, 60506-2411 · Aurora, ILTax-exempt since Jun 2001Publicly supported charity — 170(b)(1)(A)(vi)

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To provide support, guidance, and housing to adults who are developmentally disabled in order to maximize their potential to live independently.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
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
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $39K a year · 23% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$237K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$153K
-12% vs prior year
Spent
$230K
To programs
85%
Net assets
$805K
By yearFY2020–FY2025
Revenue
$153K
FY2023▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$188K
FY2021$178K
FY2022$173K
FY2023$153K
FY2024$163K
FY2025$155K
Expenses
$230K
FY2023▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$164K
FY2021$211K
FY2022$191K
FY2023$230K
FY2024$241K
FY2025$205K
Net assets
$805K
FY2023▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$932K
FY2021$900K
FY2022$882K
FY2023$805K
FY2024$727K
FY2025$677K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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 ruling in Jun 2001.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $195K Management & general 15% · $35K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Frances L Baker
Secretary/Treasurer
$0Pt VII · Sec A
Walter Dwyer
President
$0Pt VII · Sec A
Rick Poulton
Director
$0Pt VII · Sec A
See Kaneco Association 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

Offers housing and support for adults with developmental disabilities to help them reach their full potential.

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Provided by the organization

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1 program · $195K · in their own filed words · FY2022
01

The supported living arrangement provides support and monitoring for individuals who require assistance in maintaining independence in the community. Currently, there are 15 individuals residing in elgin.

$195Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$153K
Ln 12
Fees for servicesLn 2g$153K
Money outPt IX
$230K
Ln 25
Programscol B$195K
Managementcol C$35K
Owns and owesPt X
$805K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$1.0M
LiabilitiesLn 26$237K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$153K
Total revenueLn 12$153K
Assets in detailPt X, end of year
CashLn 1$38K
Cash and savings togetherLn 1–2$38K
Land, buildings, equipmentLn 10c$705K
Other assetsLn 15$185K
Total assetsLn 16$1.0M
LiabilitiesLn 26$237K
Net assetsLn 32$805K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$74K$38K
Land, buildings, equipmentLn 10c$753K$705K
Total assetsLn 16$993K$1.0M
LiabilitiesLn 26$111K$237K
Net assetsLn 32$882K$805K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$59K$59K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$29K$16K$13K
Other fees for servicesLn 11g$22K$22K
OccupancyLn 16$25K$25K
Depreciation, depletion and amortizationLn 22$48K$48K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$30K$30K$75
Total functional expensesLn 25$230K$195K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $155K$205K−$50K$677K 990 PDF
FY2024 $163K$241K−$78K$727K 990 PDF
FY2023 Viewing $153K$230K−$77K$805K 990 PDF
FY2022 $173K$191K−$18K$882K 990 PDF
FY2021 $178K$211K−$32K$900K 990 PDF
FY2020 $188K$164K$24K$932K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $152,576 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $172,782$152,576
I-10 Investment incomePrior year $40$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $172,822$152,576
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $55,681$73,860
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,034$156,078
I-18 Total expensesPrior year $190,715$229,938
I-19 Revenue less expensesPrior year −$17,893−$77,362
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $152,576 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $152,576$152,576
VIII-12 Total revenueRelated to mission $152,576 · Unrelated business $0 · Excluded from tax $0$152,576
Part IX · Statement of functional expenses $229,938 across 9 lines filed
IX-7 Other salaries and wagesPrograms $59,325$59,325
IX-9 Other employee benefitsPrograms $9,997$9,997
IX-10 Payroll taxesPrograms $4,538$4,538
IX-11a Management feesPrograms $16,074 · Management $13,140$29,214
IX-11g Other fees for servicesManagement $21,803$21,803
IX-16 OccupancyPrograms $24,719$24,719
IX-22 Depreciation, depletion and amortizationPrograms $47,890$47,890
IX-23 InsurancePrograms $2,389$2,389
IX-24 Other expenses (24a–d)Programs $29,988 · Management $75$30,063
IX-25 Total functional expensesPrograms $194,920 · Management $35,018 · Fundraising $0$229,938
Part X · Balance sheet $1,041,548 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $73,694$37,534
X-4 Accounts receivable$113,973
X-10c Land, buildings and equipment, netStart of year $753,049$705,159
X-15 Other assetsStart of year $166,282$184,882
X-16 Total assetsStart of year $993,175$1,041,548
X-17 Accounts payable and accrued expensesStart of year $1,619$695
X-25 Other liabilitiesStart of year $109,169$235,828
X-26 Total liabilitiesStart of year $110,788$236,523
X-27 Net assets without donor restrictionsStart of year $882,387$805,025
X-32 Total net assets or fund balancesStart of year $882,387$805,025
X-33 Total liabilities and net assetsStart of year $993,175$1,041,548
Part XI · Reconciliation of net assets $805,025 net assets at year end
XI-1 Total revenue$152,576
XI-2 Total expenses$229,938
XI-3 Revenue less expenses−$77,362
XI-4 Net assets at start of year$882,387
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$805,025

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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