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Ken Lachance Fund INC

Tax-deductible

Hoffman Estates, IL501(c)(3)Human Services EIN 81-1504097Revenue $159K in FY2024Latest return filed Apr 7, 2025

On file with the IRSkenlachancefund.com2000 Center Dr Ste A315, 60192-5005 · Hoffman Estates, ILTax-exempt since Apr 2016Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the Fund is to provide limited financial assistance to eligible colleagues who are experiencing unforeseeable economic hardship due to certain emergency situations.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $8K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $53K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
-11% vs prior year
Spent
$280K
To programs
100%
Net assets
$521K
By yearFY2020–FY2024
Revenue
$159K
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$389K
FY2021$163K
FY2022$148K
FY2023$178K
FY2024$159K
Expenses
$280K
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$151K
FY2021$159K
FY2022$205K
FY2023$205K
FY2024$280K
Net assets
$521K
FY2024▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$722K
FY2021$727K
FY2022$669K
FY2023$642K
FY2024$521K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $278K Management & general 0% · $1K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Andrew Gross
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Barry Yatzor
Director
$0Pt VII · Sec A
See Ken Lachance Fund INC executive salaries →

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 financial aid to colleagues facing hardship from emergencies.

Questions for Ken Lachance Fund INC

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1 program · $278K · in their own filed words · FY2024
01

The fund is organized and operated to provide limited financial assistance to current and former employees of convergint technologies LLC (convergint) who are in financial need or distress. The fund exists to address temporary or short term need and distress not chronic situations.

$278Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$26K
Natl Christian Charitable Fdn INCFY2024$20K
Donor Advised Charitable Giving INCFY2024$7K
Total grants receivedfrom 3 funders$53K
See all 3 funders →
Grants paid · 5 grants · $976K · 2020–2024
Unitemized GrantFY2024$267,451
Unitemized GrantFY2023$202,039
Unitemized GrantFY2022$199,221
Unitemized GrantFY2021$157,850
Unitemized GrantFY2020$149,890

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$136K
Investment incomeLn 3$23K
Money outPt IX
$280K
Ln 25
Programscol B$278K
Managementcol C$1K
Owns and owesPt X
$521K
net assets · Ln 32
Cash and savingsLn 1–2$521K
Total assetsLn 16$521K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$136K
Investment incomeLn 3$23K
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$512K
Cash and savings togetherLn 1–2$521K
Total assetsLn 16$521K
LiabilitiesLn 26$0
Net assetsLn 32$521K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$11K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$642K$521K
Total assetsLn 16$642K$521K
LiabilitiesLn 26$0$0
Net assetsLn 32$642K$521K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$278K$278K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$280K$278K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Apr 7, 2025 $159K$280K−$120K$521K 990 PDF
FY2023Filed with the IRS Feb 12, 2024 $178K$205K−$28K$642K 990 PDF
FY2022Filed with the IRS Mar 28, 2023 $148K$205K−$57K$669K 990 PDF
FY2021Filed with the IRS Feb 21, 2022 $163K$159K$5K$727K 990 PDF
FY2020Filed with the IRS Mar 12, 2021 $389K$151K$238K$722K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $159,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $173,717$135,836
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,123$23,250
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $177,840$159,086
I-13 Grants and similar amounts paidPrior year $202,039$278,448
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,395$1,071
I-18 Total expensesPrior year $205,434$279,519
I-19 Revenue less expensesPrior year −$27,594−$120,433
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $159,086 across 4 lines filed
VIII-1f All other contributions, gifts and grants$135,836
VIII-1h Total contributions, gifts and grants$135,836
VIII-3 Investment incomeExcluded from tax $23,250$23,250
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $23,250$159,086
Part IX · Statement of functional expenses $279,519 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $278,448$278,448
IX-24 Other expenses (24a–d)Management $1,071$1,071
IX-25 Total functional expensesPrograms $278,448 · Management $1,071 · Fundraising $0$279,519
Part X · Balance sheet $521,437 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $17,061$9,878
X-2 Savings and temporary cash investmentsStart of year $624,809$511,559
X-16 Total assetsStart of year $641,870$521,437
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $641,870$521,437
X-33 Total liabilities and net assetsStart of year $641,870$521,437
Part XI · Reconciliation of net assets $521,437 net assets at year end
XI-1 Total revenue$159,086
XI-2 Total expenses$279,519
XI-3 Revenue less expenses−$120,433
XI-4 Net assets at start of year$641,870
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$521,437

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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