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Nonprofit · EIN 30-0080762

FREEPORT COMMUNITY FOUNDATION

Tax-exempt · FREEPORT, IL 61032

Financials

$214K$430K2022$349K$492K2023$592K$467K2024
Revenue Expenses · by fiscal year end
Financials of FREEPORT COMMUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$591,681$467,244$124,437$5,790,135$53,489$5,736,646
December 31, 2023990$349,055$492,147-$143,092$5,520,488$237,473$5,283,015
December 31, 2022990 (amended)$214,027$430,231-$216,204$5,131,242$195,369$4,935,873
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$422,808
Program service revenue
$0
Investment income
$167,773
Other revenue
$1,100

Expenses

Grants and similar amounts paid
$183,748
Other salaries and wages
$122,225
Salaries, compensation and benefits (total)
$169,944
Professional fundraising fees
$0
Accounting fees
$16,655
Occupancy
$8,400
Travel
$3,840
Program services (functional)
$192,048
Management and general (functional)
$275,196

Balance sheet and other

Total assets, start of year
$5,520,488
Total assets, end of year
$5,790,135
Total liabilities, end of year
$53,489
Net assets, end of year
$5,736,646
Publicly traded securities
$5,143,594
Net assets without donor restrictions
$5,255,363
Net assets with donor restrictions
$481,283
Gross receipts
$591,681
Employees
3
Year formed
2002
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MICHELLE DEHAVEN QUASTCEO
Officer
–$0
MATT MOYERPRESIDENT
Trustee or director, Officer
–$0
KIM RAMPENTHALPAST PRESIDE
Trustee or director, Officer
–$0
JENNY BLOCKERTREASURER
Trustee or director, Officer
–$0
SAMANTHA SCHAIBLEMEMBER
Trustee or director
–$0
YVETTE SELLERSMEMBER
Trustee or director
–$0
ANDREW STEWARTMEMBER
Trustee or director
–$0
JUDD THRUMANMEMBER
Trustee or director
–$0
VICTORIA HANSENMEMBER
Trustee or director
–$0
KELLY MYERSMEMBER
Trustee or director
–$0
DAVID SCHMITMEMBER
Trustee or director
–$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
MICHELLE DEHAVEN QUASTCEO
Officer
–$0
KIM RAMPENTHALPRESIDENT
Trustee or director, Officer
–$0
MATT MOYERVICE PRESIDE
Trustee or director, Officer
–$0
ANDREA SCHULTZ WINTERPAST PRESIDE
Trustee or director, Officer
–$0
JENNY BLOCKERTREASURER
Trustee or director, Officer
–$0
BRADLEY STEWARTMEMBER
Trustee or director
–$0
CINDY FOLEYMEMBER
Trustee or director
–$0
NICK GRINDEYMEMBER
Trustee or director
–$0
SAMANTHA SCHAIBLEMEMBER
Trustee or director
–$0
YVETTE SELLERSMEMBER
Trustee or director
–$0
ANDREW STEWARTMEMBER
Trustee or director
–$0
JUDD THRUMANMEMBER
Trustee or director
–$0
990 for the year ended December 31, 2022: 11 people
NameTitleHours / weekCompensation
MICHELLE DEHAVENEXECUTIVE DI
Officer
–$0
ANDREA SCHULTZ WINTERPRESIDENT
Trustee or director, Officer
–$0
JENNY BLOCKERTREASURER
Trustee or director, Officer
–$0
BRADLEY R STEWARTPAST PRESIDE
Trustee or director, Officer
–$0
RICHARD J HAUSERMEMBER
Trustee or director
–$0
STEPHEN SPYRISONMEMBER
Trustee or director
–$0
KIM RAMPENTHALMEMBER
Trustee or director
–$0
MATT MOYERMEMBER
Trustee or director
–$0
CINDY FOLEYMEMBER
Trustee or director
–$0
YVETTE SELLERSMEMBER
Trustee or director
–$0
ANDREW STEWARTMEMBER
Trustee or director
–$0

Address and contacts

Address (IRS master file)
1525 S FOREST RD STE 200, FREEPORT, IL 61032-9467
Principal officer (990 for 2024)
MICHELLE DEHAVEN QUAST, 1525 S FOREST RD SUITE 200, FREEPORT, IL 61032
Signed the 990
JENNY BLOCKER, TREASURER
Phone
(815) 801-3035
Return prepared by
BENNING GROUP LLC

Mission

TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS BY ACCUMULATING ASSETS IN THE FORM OF PERMANENT ENDOWMENT FUNDS & PRUDENTLY DISTRIBUTING INCOME FROM THOSE FUNDS TO CHARITABLE ORGANIZATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTS TO LOCAL CHARITABLE ORGANIZATIONS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZENS OF NORTHWEST ILLINOIS.
    Expenses $192,048 · grants $183,748

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
30-0080762
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,790,135
Income (IRS master file)
$591,681

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$591,681$467,244$5,790,135XML
990December 2023$349,055$492,147$5,520,488XML
990December 2022$214,027$430,231$5,131,242XML
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0080762).

Questions about FREEPORT COMMUNITY FOUNDATION

What is the EIN of FREEPORT COMMUNITY FOUNDATION?
The employer identification number (EIN) of FREEPORT COMMUNITY FOUNDATION is 30-0080762.
Is FREEPORT COMMUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to FREEPORT COMMUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FREEPORT COMMUNITY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FREEPORT COMMUNITY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREEPORT COMMUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FREEPORT COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 names MICHELLE DEHAVEN QUAST.
Who are the officers and directors of FREEPORT COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does FREEPORT COMMUNITY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $591,681, expenses of $467,244 and total assets of $5,790,135 at year end.

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