Boone County Community Foundation
- Assets
- $9.6m
- Revenue
- $669.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Belvidere, IL
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-4973846
Organization Overview
Boone County Community Foundation is located in Belvidere, IL. The organization was established in 2007. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Boone County Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boone County Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Boone County Community Foundation generated $669.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $394.7k during the year ending 12/2021. While expenses have increased by 24.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Boone County Community Foundation has awarded 21 individual grants totaling $562,174. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOLICIT FUNDS FROM COMMUNITY MEMBERS WHO WISH TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATIONS AND ACTIVITIES IN THE BOONE COUNTY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS WERE MADE TO VARIOUS LOCAL CHARITIES TO HELP IMPROVE AND PROMOTE THE BELVIDERE COMMUNITY
VARIOUS SCHOLARSHIPS WERE ISSUED TO QUALIFYING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul H Fischer Executive Di | Trustee | 15 | $31,180 |
Jeremy Doetch Treasurer | OfficerTrustee | 2 | $0 |
Dave Gallano President | OfficerTrustee | 2 | $0 |
Amy Morris Secretary | OfficerTrustee | 2 | $0 |
Heather Wick Vice-Preside | OfficerTrustee | 2 | $0 |
Don Banks Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,290 |
| Total Program Service Revenue | $87,910 |
| Investment income | $148,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $246,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $669,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $131,529 |
| Grants and other assistance to domestic individuals. | $60,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $31,180 |
| Compensation of current officers, directors, key employees. | $31,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $115,021 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,350 |
| Office expenses | $6,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,394 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,160 |
| All other expenses | $0 |
| Total functional expenses | $394,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,083 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,536,729 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,579,750 |
| Accounts payable and accrued expenses | $13,484 |
| Grants payable | $2,592 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,365,040 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,381,116 |
| Net assets without donor restrictions | $1,170,044 |
| Net assets with donor restrictions | $7,028,590 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,579,750 |
Grants Awarded
Over the last fiscal year, Boone County Community Foundation has awarded $131,529 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOONE COUNTY CONSERVATION DISTRICT PURPOSE: AID IN THEIR PROGRAM | $72,028 |
ALL DONATIONS LESS THAN 5000 | | | $32,901 |
SALVATION ARMY PURPOSE: AID IN THEIR PROGRAM | $7,500 |
Belvidere, IL PURPOSE: AID IN THEIR PROGRAM | $6,600 |
Belvidere, IL PURPOSE: AID IN THEIR PROGRAM | $6,500 |
Belvidere, IL PURPOSE: AID IN THEIR PROGRAM | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Boone County Community Foundation has recieved totaling $56,592.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $29,504 |
Owen M Johnson Family Foundation Potomac, MD PURPOSE: DONATION | $25,000 |
John T Wolf Charitable Tr Ii Rockford, IL PURPOSE: COMMUNITY | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $88 |
Endowment Analysis
| Beg. Balance | $4,088,773 |
| Earnings | $530,832 |
| Admin Expense | $77,047 |
| Net Contributions | $591,561 |
| Grants | $292,508 |
| Ending Balance | $4,841,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |