Washington Community Foundation EIN 46-4150691 Form 990 (PDF) Claim this org

Washington Community Foundation

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Helps Washington, Illinois residents recover and rebuild after the 2013 tornado. For fiscal year 2025 it reported $134K in revenue, $20K in expenses, and $703K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public Safety & Disaster
Location
Washington, IL
Filings
5 on file (2021–2025)
Revenue
$134KFY2025
Expenses
$20K
Net assets
$703K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-4150691 Public charity (501(c)(3)) Washington, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps Washington, Illinois residents recover and rebuild after the 2013 tornado.
Leadership
Aaron V Phillips · Treasurer
Money in and out
$134K revenue, $20K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$134K
Pt VIII · Ln 12
Total expenses
$20K
Pt IX · Ln 25
Net assets
$703K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $114K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
427.4mo
months of highly liquid reserves at operating expense rate▲ +177% vs prior filing year
Surplus margin
+85%
revenue over expenses, this year▲ +24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$134K
FY2025▼ -8%
Expenses
$20K
FY2025▼ -57%
Total assets
$703K
FY2025▲ +19%
Total liabilities
$0
FY2025
Total revenue
$134K
Pt VIII · Ln 12
Total expenses
$20K
Pt IX · Ln 25
Net assets
$703K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$114K
Total assetsPt X · Ln 16$703K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWashington Community Foundation
EINHdr · item D46-4150691
Principal addressHdr · item CWashington, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic Safety & Disaster (M12)
Ruling yearIRS BMFJan 2014

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 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $20K of program spending, described in the organization's own filed words · FY2024.
01

Benefit the residents of washington il either directly or through assistance to other local charities and governmental entities.

$20Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$105K · 79%
Investment income$26K · 19%
Other revenue$3K · 2%
Contributions & grants79%$105K
Investment income19%$26K
Other revenue2%$3K
Total revenueLn 12$134K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$20K
Total functional expensesLn 25$20K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$703K
Total liabilitiesLn 26$0
Total net assetsLn 32$703K
Months of cash on handcomputed9.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $703K · Operating expenses/yr $20K
427.4 months
Where the money goes
Program services
Program services $20K · Total expenses $20K
100%
Management & General
Management & general $0 · Total expenses $20K
0%
Fundraising
Fundraising $0 · Total expenses $20K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $132K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $105K · Total revenue $134K
79%
Government reliance
Government grants — · Total revenue $134K
Earned-income share
Program service revenue $0 · Total revenue $134K
0%
Investment reliance
Investment income $26K · Total revenue $134K
+19%
Program self-sufficiency
Program service revenue $0 · Total expenses $20K
0%
Growth & trend
Revenue growth (YoY)
This year $134K · Prior year $146K
-8%
Net-asset trend (YoY)
End of year $703K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $134K · Expenses $20K
+85%
Liabilities-to-Assets
Total liabilities — · Total assets $703K
Net-asset ratio
Net assets $703K · Total assets $703K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $688K · Total assets (Pt X, ln 16) $703K
98%
People & payroll
Highest Reported Total Compensation
Individual Aaron V Phillips · Reported title TREASURER · Highest reported compensation $0 · Total expenses $20K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $20K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$31K
Grants paid · 4 grants · $62K · 2023–2024
Washington Community High SchoolFY2024$18,000
Washington Historical SocietyFY2023$26,340
Washington Community High SchoolFY2023$11,000
Central School District 51FY2023$6,442

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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)$134K revenue · viewing · ⤓ 990 PDF
FY2024$146K revenue · ⤓ 990 PDF
FY2023$219K revenue · ⤓ 990 PDF
FY2022$262K revenue · ⤓ 990 PDF
FY2021$15K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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