Forest and Found EIN 46-4641481 Form 990 (PDF) Claim this org

Forest and Found FY2021 filing

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Operates thrift stores to fund charitable, religious, educational, and scientific causes. For fiscal year 2021 it reported $409K in revenue, $378K in expenses, and $97K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Lake Forest, IL
Website
www.forestandfound.com
Filings
6 on file (2020–2021)
Revenue
$409KFY2021
Expenses
$378K
Net assets
$97K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  46-4641481 Public charity (501(c)(3)) Lake Forest, IL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Operates thrift stores to fund charitable, religious, educational, and scientific causes.
Leadership
Diana Durkes · President · $66K
Money in and out
$409K revenue, $378K expenses
Bottom line
94% program efficiency
Where the money goes · FY2021
Total revenue
$409K
Pt VIII · Ln 12
Total expenses
$378K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $31K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$409K
FY2021▲ +49%
Expenses
$378K
FY2021▲ +35%
Total assets
$98K
FY2021▲ +45%
Total liabilities
$1K
FY2021▼ -46%
Total revenue
$409K
Pt VIII · Ln 12
Total expenses
$378K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$31K
Total assetsPt X · Ln 16$98K
Program-expense ratioPt IX · col B94%
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 CForest and Found
EINHdr · item D46-4641481
Principal addressHdr · item CLake Forest, IL
WebsiteHdr · item Jwww.forestandfound.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFOct 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 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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$66,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Diana Durkes Wages for Store Manage’s $81K as President is at the 73rd percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Diana Durkes Wages for Store Manage$81,120$78,000$73,500
Diana Durkes$76,000$66,000$62,950

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $354K of program spending, described in the organization's own filed words · FY2021.
01

The purposes of the organization are exclusively charitable, religious, educational, scientific, and literary, including, for such purposes, the making of charitable distributions to organizations that qualify as exempt organizations under Section 501 (c) (3) of the Internal Revenue Code of 1986 or the corresponding provisions of any…

$354Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$221K · 54%
Other revenue$188K · 46%
Contributions & grants54%$221K
Other revenue46%$188K
— government grantsLn 1e$33K
Total revenueLn 12$409K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$354K
Management & general6%$24K
Total functional expensesLn 25$378K

Balance Sheet

Part X · end of year
CashLn 1$98K
Total assetsLn 16$98K
Total liabilitiesLn 26$1K
Total net assetsLn 32$97K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $98K · Operating expenses (Pt IX) $378K · Less non-cash grants $188K · Cash operating expenses/yr $189K
6.2 months
Where the money goes
Program services
Program services $354K · Total expenses $378K
94%
Management & General
Management & general $24K · Total expenses $378K
6%
Fundraising
Fundraising $0 · Total expenses $378K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $160K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $221K · Total revenue $409K
54%
Government reliance
Government grants $33K · Total revenue $409K
8%
Earned-income share
Program service revenue $0 · Total revenue $409K
0%
Investment reliance
Investment income $0 · Total revenue $409K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $378K
0%
Growth & trend
Revenue growth (YoY)
This year $409K · Prior year $275K
+49%
Net-asset trend (YoY)
End of year $97K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $409K · Expenses $378K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $98K
Net-asset ratio
Net assets $97K · Total assets $98K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $98K
0%
People & payroll
Highest Reported Total Compensation
Individual Diana Durkes · Reported title President · Highest reported compensation $66K · Total expenses $378K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $71K · Total expenses $378K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 49%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.9%
Fundraising fee ratio 0%

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 · 23 grants · $400K · 2020–2025
Northern Illinois Food BankIL · FY2025$30,000
The Beacon Place NfpIL · FY2025$25,000
The Lake County HavenIL · FY2025$15,000
Independence Center INCIL · FY2025$15,000
Phoenix Rising FoundationIL · FY2025$10,000
Northern Illinois Food BankIL · FY2024$25,000
Mothers Trust FoundationIL · FY2024$20,000
Bravo WaukeganIL · FY2024$20,000
Independence Center INCIL · FY2024$15,000
Gigis Playhouse-DeerfieldIL · FY2024$5,000
The Beacon Place NfpIL · FY2023$20,000
A Safe PlaceFY2023$20,000
Gigis Playhouse-DeerfieldIL · FY2023$17,500
Balance Project INCIL · FY2023$7,000
Northern Illinois Food BankIL · FY2022$25,000
The Beacon Place NfpIL · FY2022$20,000
Bravo WaukeganIL · FY2022$20,000
See all 23 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)$254K revenue · ⤓ 990 PDF
FY2024$229K revenue · ⤓ 990 PDF
FY2023$219K revenue · ⤓ 990 PDF
FY2022$390K revenue · ⤓ 990 PDF
FY2021$409K revenue · viewing · ⤓ 990 PDF
FY2020$275K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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