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Thomas Frasier Clark Foundation FY2021 filing

Not tax-deductible

Clinton, IL501(c)(4)EIN 37-6036668Revenue $37K in FY2021

On file with the IRS4136 Valley Dr, 61727-2817 · Clinton, ILTax-exempt since 0000

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To provide financial grants to farmer city, illinois, community, schools and public library; to award scholarships to local college students

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
0 of 5
filings with a surplus
Average deficit $11K a year · 28% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$37K
Spent
$61K
To programs
84%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$37K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$37K
FY2022$39K
FY2023$41K
FY2024$42K
FY2025$42K
Expenses
$61K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$61K
FY2022$45K
FY2023$52K
FY2024$49K
FY2025$50K
Net assets
$1.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.3M
FY2022$1.2M
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M

From the FY2021 Form 990 (year ending April 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 0000.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $51K Management & general 16% · $10K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Scott Testory
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Ryan Peyton
Treasurer
$0Pt VII · Sec A
F Dick Maxwell
Board Members
$0Pt VII · Sec A
Joyce Wells
Board Members
$0Pt VII · Sec A
Sandi Hire
Board Members
$0Pt VII · Sec A
See Thomas Frasier Clark Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards grants to local schools and library, and scholarships to students.

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Provided by the organization

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3 programs · $51K · in their own filed words · FY2020
01

Community enhancements including grants for holiday parade, public library, pool maintenance, and adult and children's activities.

$30Kprogram expense
02

Scholarship grants given to local college students

$15Kprogram expense
03

Grants to local schools for specialized learning programs

$6Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $169K · 2020–2023
City of Farmer CityFY2023$23,670
Unitemized GrantFY2023$15,000
City of Farmer CityFY2022$27,782
Unitemized GrantFY2022$16,000
The Blue Ridge Football CorporationIL · FY2022$8,000
City of Farmer CityFY2021$18,967
Unitemized GrantFY2021$16,000
City of Farmer CityFY2020$22,800
Unitemized GrantFY2020$15,000
Blue Ridge Community Unit School District No 18IL · FY2020$6,030

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$37K
Ln 12
Investment incomeLn 3$37K
Money outPt IX
$61K
Ln 25
Programscol B$51K
Managementcol C$10K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$37K
Total revenueLn 12$37K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$96K
Cash and savings togetherLn 1–2$97K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderApril
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 FY21End FY21
Cash and savingsLn 1–2$113K$97K
InvestmentsLn 11–13$993K$1.2M
Total assetsLn 16$1.1M$1.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K$36K
Grants to domestic individualsLn 2$15K$15K
Legal feesLn 11b$293$293
Investment management feesLn 11f$9K$9K
Office expensesLn 13$115$115
InsuranceLn 23$740$740
Total functional expensesLn 25$61K$51K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $42K$50K−$9K$1.2M 990 PDF
FY2024 $42K$49K−$7K$1.2M 990 PDF
FY2023 $41K$52K−$11K$1.1M 990 PDF
FY2022 $39K$45K−$6K$1.2M 990 PDF
FY2021 Viewing $37K$61K−$24K$1.3M 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 FY2021 990 (6 parts)
Part I · Summary $37,081 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $50,293$37,081
I-11 Other revenue$0
I-12 Total revenuePrior year $50,293$37,081
I-13 Grants and similar amounts paidPrior year $39,800$51,205
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,262$10,048
I-18 Total expensesPrior year $47,062$61,253
I-19 Revenue less expensesPrior year $3,231−$24,172
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $37,081 across 2 lines filed
VIII-3 Investment incomeRelated to mission $37,081$37,081
VIII-12 Total revenueRelated to mission $37,081$37,081
Part IX · Statement of functional expenses $61,253 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $36,205$36,205
IX-2 Grants to domestic individualsPrograms $15,000$15,000
IX-11b Legal feesManagement $293$293
IX-11f Investment management feesManagement $8,900$8,900
IX-13 Office expensesManagement $115$115
IX-23 InsuranceManagement $740$740
IX-25 Total functional expensesPrograms $51,205 · Management $10,048 · Fundraising $0$61,253
Part X · Balance sheet $1,259,190 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,009$1,492
X-2 Savings and temporary cash investmentsStart of year $111,654$95,899
X-11 Publicly traded securitiesStart of year $993,406$1,161,799
X-16 Total assetsStart of year $1,106,069$1,259,190
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,106,069$1,259,190
X-33 Total liabilities and net assetsStart of year $1,106,069$1,259,190
Part XI · Reconciliation of net assets $1,259,190 net assets at year end
XI-1 Total revenue$37,081
XI-2 Total expenses$61,253
XI-3 Revenue less expenses−$24,172
XI-4 Net assets at start of year$1,106,069
XI-5 Net unrealized gains (losses) on investments$177,293
XI-10 Net assets at end of year$1,259,190

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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