Cc2 Forever EIN 87-1964698

Cc2 Forever

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Offers financial aid to students to help them succeed. For fiscal year 2024 it reported $240K in revenue, $112K in expenses, and $340K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Lockport, IL
Website
www.cc2forever.org
Filings
3 on file (2022–2024)
Revenue
$240KFY2024
Expenses
$112K
Net assets
$340K
People
4
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-1964698 Public charity (501(c)(3)) Lockport, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers financial aid to students to help them succeed.
Leadership
David Payton · Board Member
Money in and out
$240K revenue, $112K expenses
Bottom line
99% program efficiency
Where the money goes · FY2024
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$340K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $128K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
36.3mo
months of highly liquid reserves at operating expense rate▲ +54% vs prior filing year
Surplus margin
+53%
revenue over expenses, this year▲ +21% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$240K
FY2024▲ +25%
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$340K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$128K
Total assetsPt X · Ln 16$340K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $112K of program spending, described in the organization's own filed words · FY2024.
01

To improve the quality of life for others at a community, local, and state level by providing economic support to those in need. To provide guidance and economic scholarship to high school AND/OR college students AND/OR student athletes who demonstrate personal responsibility, leadership, service, and honor.

$112Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCc2 Forever
EINHdr · item D87-1964698
Principal addressHdr · item CLockport, IL
WebsiteHdr · item Jwww.cc2forever.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFJan 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$146K · 61%
Other revenue$86K · 36%
Investment income$8K · 3%
Contributions & grants61%$146K
Other revenue36%$86K
Investment income3%$8K
Total revenueLn 12$240K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$112K
Management & general1%$642
Total functional expensesLn 25$112K

Balance Sheet

Part X · end of year
CashLn 1$340K
Total assetsLn 16$340K
Total liabilitiesLn 26$0
Total net assetsLn 32$340K
Months of cash on handcomputed36.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $340K · Operating expenses/yr $112K
36.3 months
Where the money goes
Program services
Program services $112K · Total expenses $112K
99%
Management & General
Management & general $642 · Total expenses $112K
0.6%
Fundraising
Fundraising $0 · Total expenses $112K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $146K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $146K · Total revenue $240K
61%
Government reliance
Government grants — · Total revenue $240K
Earned-income share
Program service revenue $0 · Total revenue $240K
0%
Investment reliance
Investment income $8K · Total revenue $240K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $112K
0%
Growth & trend
Revenue growth (YoY)
This year $240K · Prior year $192K
+25%
Net-asset trend (YoY)
End of year $340K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $240K · Expenses $112K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $340K
Net-asset ratio
Net assets $340K · Total assets $340K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $340K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Payton · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $112K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $112K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.6%
Fundraising cost ratio 0%
Revenue growth 25%
Investment management fee ratio 0.1%
Accounting fee ratio 1%

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 3 funders$8K
See all 3 funders →
Grants paid · 3 grants · $105K · 2024–2024
Northwestern Memorial FoundationFY2024$100,000
Drew PiperFY2024$2,500
Steven ClawsonFY2024$2,500

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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
FY2024 (Latest)$240K revenue · viewing · ⤓ 990 PDF
FY2023$192K revenue · ⤓ 990 PDF
FY2022$133K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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