2025-10-29T14:21:35-07:00 2024-12-31 363736640 Smith & Cull Ltd 230 W Monroe Street Suite 2540 Chicago IL 60606 990 2024-01-01 391694901 CHAPELLAKES AREA FOUNDATION INC CHAP 7083710900 1 GRIFFITH CENTER ALSIP IL 60803 DAVID SMITH Treasurer 2025-10-29 true true CHARLES D SMITH P01360067 3124441776 2024 2025-03-06 01:10:19Z 1 GRIFFITH CENTER ALSIP IL 608033495 90613 false X N/A X 1990 WI SEE ATTACHED STATEMENT 5 5 0 5 0 0 0 797292 90613 0 797292 90613 264000 180000 0 0 0 0 355 9781 264355 189781 532937 -99168 2378331 2279163 0 2378331 2279163 SEE ATTACHED STATEMENT false false 180000 180000 SEE ATTACHED STATEMENT 180000 true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 5 5 true false false false false false false true true false false true false false false false false false X X JOSEPH R MASLICK 7083710900 1 GRIFFITH CENTER ALSIP IL 608033495 SEAN WALKER Director 0.00 0.00 X 0 12819 24203 DAVID SMITH Treasurer 0.00 0.00 X X 0 0 0 BRIAN L GRIFFITH President 0.00 0.00 X X 0 0 0 JOSEPH R MASLICK SECRETARY 0.00 0.00 X X 0 0 0 LOIS J GRIFFITH Director 0.00 0.00 X 0 0 0 12819 24203 0 false false false 0 0 0 90613 90613 0 0 0 0 0 0 0 0 90613 90613 180000 180000 0 0 0 0 0 0 0 0 0 0 0 9781 9781 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 189781 180000 9781 0 999795 562102 700440 1038965 0 0 0 0 0 0 0 0 0 678096 678096 0 0 0 2378331 2279163 0 0 X 2378331 2279163 2378331 2279163 2378331 2279163 -99168 X false false false X X 1 CHAPEL ON THE HILL COMMUNITY CHURCH 391277699 1 true 180000 0 1 180000 0 true false false false false false false false false false false true false false false false true true true 0 0 56592 90613 56592 90613 0 0 0 56592 90613 5906 5906 1419375 1722556 4238100 4520640 5663381 6249102 0 0 5663381 6249102 84951 93737 5578430 6155365 195245 215438 0 195245 215438 56592 48103 195245 195245 0 195245 180000 0 0 0 0 0 180000 0 195245 0.00000 195245 171878 0 0 0 0 0 0 0 0 0 0 180000 171878 8122 0 0 187123 0 0 0 0 0 0 Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played THE ORGANIZATION DISCUSSED WITH ITS SUPPORTED ORGANIZATION THE INVESTMENTS OF THE ORGANIZATION AND ITS ANTICIPATED SUPPORT AND GRANTS TO THE SUPPORTED ORGANIZATION ON A PERIODIC BASIS. Part V, Section B, Line 1e: Discount Claimed For Blockage Or Other Factors THE PRIVATELY HELD STOCK REFLECTED ON SECTION B, LINE 1C CONSISTS OF 9,418 SHARES OF GRIFFITH FOODS GROUP, INC. BECAUSE THE SHARES OF GRIFFITH FOODS GROUP, INC ARE NOT PUBLICLY TRADED AND BECAUSE THE COMPANY HAS A RETIREMENT PLAN WHICH INCLUDES AN EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP"), AN INDEPENDENT APPRAISER ANNUALLY DETERMINES THE FAIR MARKET VALUE OF THE COMPANY SHARES HELD BY THE RETIREMENT PLAN (THE "ESOP VALUE") AND ALSO ANNUALLY DETERMINES THE FAIR MARKET VALUE OF THE SHARES HELD OUTSIDE OF THE RETIREMENT PLAN (THE "NON-ESOP" VALUE). A KEY ADVANTAGE THAT RETIREMENT PLAN PARTICIPANTS HAVE OVER OTHER SHAREHOLDERS, INCLUDING THE CHAPEL/LAKES AREA FOUNDATION, IS THAT WHEN PARTICIPANTS WITHDRAW FROM THE PLAN, THEY HAVE A LEGAL RIGHT TO SELL THEIR ESOP SHARES TO THE PLAN OR TO THE COMPANY AT THE THEN-CURRENT ESOP VALUE.BECAUSE THERE IS NO READY MARKET FOR THE SHARES HELD BY THE FOUNDATION AND BECAUSE THE SHARES DO NOT REPRESENT A CONTROLLING INTEREST IN THE COMPANY, THE VALUE OF THESE SHARES ARE SUBSTANTIALLY DISCOUNTED. UNLIKE FORMER RETIREMENT PLAN PARTICIPANTS, NEITHER THE COMPANY NOR THE PLAN (OR ANYONE ELSE) IS OBLIGATED TO PURCHASE FOUNDATION SHARES AT THE ESOP VALUE OR AT ANY VALUE. ANY SUCH SALE WOULD HAVE TO BE NEGOTIATED AND WOULD LIKELY BE AT A SUBSTANTIAL DISCOUNT FROM THE ESOP VALUE, IF THE SALE COULD BE ACCOMPLISHED AT ALL. THERE ARE NO OTHER KNOWN POTENTIAL PURCHASERS OF THE FOUNDATION'S SHARES. FURTHERMORE, THE FOUNDATION'S SHARES, WHILE SIGNIFICANT, COMPRISE A MINORITY INTEREST AND ARE INSUFFICIENT TO CONTROL THE COMPANY.DURING 2023 AND 2024, THE ANNUAL NON-ESOP SHARE VALUATIONS INCLUDED SUBSTANTIAL ADDITIONAL DISCOUNTS FOR LACK OF MARKETABILITY AND LACK OF CONTROL AS CALCULATED BY THE INDEPENDENT APPRAISER. THE FOUNDATION DETERMINED THAT THESE DISCOUNTS INCORPORATED INTO THE ANNUAL NON-ESOP SHARE VALUATION ARE APPROPRIATE TO USE FOR PURPOSES OF THIS RETURN. 678096 true THE CHAPEL ON THE HILL N2440 ARA GLENN DRIVE LAKE GENEVA WI 53147 391277699 180000 0 FMV RELIGIOUS / CHARITABLE 1 0 Form 990, Part VI, Section A, Line 2 BRIAN L. GRIFFITH AND LOIS GRIFFITH - FAMILY RELATIONSHIPBRIAN L. GRIFFITH AND JOSEPH R MASLICK - BUSINESS RELATIONSHIPBRIAN L. GRIFFITH AND DAVID SMITH - BUSINESS RELATIONSHIPLOIS GRIFFITH AND DAVID SMITH - BUSINESS RELATIONSHIP Form 990, Part VI, Section B, Line 11b A copy of the organization's Form 990, as ultimately filed with the IRS, was provided to each voting member of the organization's board of directors, prior to its filing with the IRS.The president and secretary/treasurer of the organization reviewed the prepared Form 990 prior to its filing with the IRS. This review was undertaken with the preparers of the Form 990. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY AND DOES NOT HAVE A FINANCIAL STATEMENT. A COPY OF THE ORGANIZATION'S ARTICLES OF INCORPORATION IS AVAILABLE FROM THE WISCONSIN SECRETARY OF STATE. Statement Note 1 ATTACHMENT TO FORM 990 PART I, LINE 1 AND PART III, LINE 1 & LINE 4ASTATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTSTHE CORPORATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO HELPPERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE RELIGIOUS, CHARITABLE, &EDUCATIONAL PURPOSES OF CHAPEL ON THE HILL (THE "CHAPEL"), A CHURCHORGANIZED AS A WISCONSIN RELIGIOUS CORPORATION, TO CARRY OUT ANEFFECTIVE MINISTRY OF THE CHRISTIAN GOSPEL, TO SERVE, INFORM, EDUCATE,& MINISTER TO THE MEMBERS OF THE CHAPEL, TOURISTS, GUESTS, MEMBERS OFTHE COMMUNITY, (LOCAL, STATE, REGIONAL, & AS APPROPRIATE, NATIONAL), &OTHERS NEEDING OR SEEKING CHRISTIAN SERVICE OR RELIGIOUS MINISTRY,EDUCATION, INFORMATION, & CHRISTIAN COMMUNION. NONE OF THE EXPENSESARE ALLOCABLE TO ANY OF THE PROGRAM SERVICES. Statement Note 2 SCHEDULE OCHAPEL / LAKES AREA FOUNDATION39-1694901PART VI, Section B, Lines 12a, 13, 14 and 15THE ORGANIZATION HAS NOT ADOPTED A CONFLICT OF INTEREST POLICY, A WHISTLE BLOWER POLICY OR A DOCUMENT RETENTION AND DESTRUCTION POLICY. THE ORGANIZATION DOES NOT PAY ANY COMPENSATION DIRECTLY TO ITS OFFICERS OR DIRECTORS, AND DOES NOT EMPLOY ANY PERSONS. CHAPEL ON THE HILL N2440 ARA GLEN DRIVE LAKE GENEVA WI 53147 391277699 NONDENOMINATION COMMUNITY CHURCH WI 501(c)(3) 1 N/A false false true false false false false false false false false false false false false false false false false false CHAPEL ON THE HILL b 180000 CASH VALUE