2025-04-07T18:45:33-05:00 2024-12-31 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2024-01-01 811504097 KEN LACHANCE FUND INC KENL 8475858743 ONE COMMERCE DRIVE SCHAUMBURG IL 60173 ANDREW GROSS TREASURER 8475858743 2025-04-04 1 1 JESSICA TOADER P01464604 3122071040 2025-04-03 2024 2025-03-06 01:10:19Z ANDREW GROSS ONE COMMERCE DRIVE SCHAUMBURG IL 60173 159086 0 X WWW.KENLACHANCEFUND.COM X 2016 IL 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. 4 4 0 4 0 0 173717 135836 0 0 4123 23250 0 0 177840 159086 202039 278448 0 0 0 0 0 0 0 3395 1071 205434 279519 -27594 -120433 641870 521437 0 0 641870 521437 X 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. 0 0 278448 278448 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. 278448 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IL X ANDREW GROSS 4048057767 ONE COMMERCE DRIVE SCHAUMBURG IL 60173 X L JENNIFER HILBER CHAIRPERSON 1.00 0.00 X X 0 0 0 ANDREW GROSS TREASURER 1.00 0.00 X X 0 0 0 THOMAS E FOSTER SECRETARY 1.00 0.00 X X 0 0 0 BARRY YATZOR DIRECTOR 1.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 135836 135836 23250 23250 159086 0 0 23250 278448 278448 DUES AND SUBSCRIPTIONS 645 645 BANK CHARGES 411 411 TAXES AND LICENSES 15 15 279519 278448 1071 0 17061 9878 624809 511559 641870 521437 0 0 X 0 0 0 0 641870 521437 641870 521437 641870 521437 -120433 0 X 0 0 0 X 388122 163326 147640 173717 135836 1008641 388122 163326 147640 173717 135836 1008641 234308 774333 1008641 0.76770 0.81820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS 10997 0 0 0 0 0 0 10997 0 10997 EMERGENCY RELIEF NORTH AMERICA 4 10997 WIRE 0 0 0 0 0 0 PART I, LINE 2: A GRANT APPLICATION MUST BE COMPLETED IN ORDER FOR AN APPLICANT TO BE CONSIDERED FOR FINANCIAL ASSISTANCE. INCOMPLETE APPLICATIONS ARE RETURNED TO THE APPLICANT. DOCUMENTATION WHICH CLEARLY IDENTIFIES THE EXPENSE ASSOCIATED WITH THE REQUEST MUST ACCOMPANY THE APPLICATION AND THE ORGANIZATION MAY REQUEST ADDITIONAL INFORMATION TO VERIFY FINANCIAL NEED AND ACCESS TO OTHER FINANCIAL RESOURCES PRIOR TO GRANT APPROVAL. 1 EMERGENCY RELIEF 65 267451 0 N/A N/A PART I, LINE 2: A GRANT APPLICATION MUST BE COMPLETED IN ORDER FOR AN APPLICANT TO BE CONSIDERED FOR FINANCIAL ASSISTANCE. INCOMPLETE APPLICATIONS ARE RETURNED TO THE APPLICANT. DOCUMENTATION WHICH CLEARLY IDENTIFIES THE EXPENSE ASSOCIATED WITH THE REQUEST MUST ACCOMPANY THE APPLICATION AND THE ORGANIZATION MAY REQUEST ADDITIONAL INFORMATION TO VERIFY FINANCIAL NEED AND ACCESS TO OTHER FINANCIAL RESOURCES PRIOR TO GRANT APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. THE BOARD TREASURER REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY. (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY DIRECTORS, OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.