Nonprofit · EIN 92-2297681
FOUNDERS COMMISSION
Tax-exempt · ROCKFORD, IL 61101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $37,133 | $21,137 | $15,996 | $18,849 | $0 | $18,849 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,733
- Net income from fundraising events
- $26,400
Expenses
- Grants and similar amounts paid
- $20,320
- Compensation of officers, directors and key employees
- $0
- Printing, publications and postage
- $162
- Other expenses
- $655
- Program services (functional)
- $134
Balance sheet and other
- Total assets, start of year
- $2,853
- Total assets, end of year
- $18,849
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,849
- Cash, savings and investments
- $18,849
- Gross receipts
- $63,377
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CATHY HEADLEY | CHAIRMAN OF THE BOARD OF DIRECTORS | 2 | $0 |
| MARCHAN ADKINS | VICE CHAIRMAN | 2 | $0 |
| NICOLE BRISCOE | DIRECTOR | 2 | $0 |
| RON CLEWER | DIRECTOR | 2 | $0 |
| DAVE COSTELLO | DIRECTOR | 2 | $0 |
| DANIEL JARRETT | DIRECTOR | 2 | $0 |
| JEFF MARRS | DIRECTOR | 2 | $0 |
| KEVIN MCFADDEN | DIRECTOR | 2 | $0 |
| VIC RIVERA | DIRECTOR | 2 | $0 |
| KAREN HILL | SECRETARY | 2 | $0 |
| NICK POVALITIS | FOUNDER/PRESIDENT | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4424 TULLOCKS WOOD TRL, ROCKFORD, IL 61101-6143
- Mailing address (990-N for 2024)
- 4424 Tullocks Wood Trail, Rockford IL 61101
- Principal officer (990-N for 2024)
- Nicholas Povalitis, 4424 Tullocks Wood Trail, Rockford IL 61101
- Signed the 990-EZ
- NICK POVALITIS, PRESIDENT
- Phone
- (815) 708-1644
- Website
- www.FoundersCommission.org
- Return prepared by
- JASON A HUBER CPA INC
Mission
THE FOUNDERS COMMISSION CELEBRATES AND LEVERAGES THE ROCKFORD REGION'S EXCELLENCE AND INGENUITY IN BUSINESS, ARTS AND ENTERTAINMENT, AND SPORTS FOR BRAND, ECONOMIC AND SOCIAL GOOD.
Program accomplishments
- ***DIAMONDS SCHOLAR***YOUTH SCHOLARSHIPS ARE ELIGIBLE TO HIGH SCHOOL SENIORS FROM BOONE, OGLE, STEPHENSON AND WINNEBAGO COUNTIES. FOR THE 2025-26 CYCLE, AT LEAST ONE SCHOLARSHIP WILL BE AWARDED TO A GRADUATING HIGH SCHOOL STUDENT WHO IS PURSUING COLLEGE, UNIVERSITY, JUNIOR COLLEGE, OR TECHNICAL/TRADES POST-SECONDARY EDUCATION. IN ALIGNMENT WITH DIAMONDS AS A VEHICLE FOR SHOWCASING EXEMPLARY ACHIEVEMENT, APPLICANTS MUST EMBODY EXCELLENCE IN THE CLASSROOM, DEMONSTRATE AN ABILITY TO THRIVE UNDER PRESSURE, AND SHOW A COMMITMENT TO VOLUNTEERISM IN THE ROCKFORD REGION.Expenses $134 · grants $3,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 92-2297681
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N99)
- Assets (IRS master file)
- $18,849
- Income (IRS master file)
- $63,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $37,133 | $21,137 | $18,849 | IRS |
| 990-N for 2024 Officer: Nicholas Povalitis | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2023 Officer: Nicholas Povalitis | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 92-2297681).
Questions about FOUNDERS COMMISSION
- What is the EIN of FOUNDERS COMMISSION?
- The employer identification number (EIN) of FOUNDERS COMMISSION is 92-2297681.
- Is FOUNDERS COMMISSION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FOUNDERS COMMISSION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDERS COMMISSION 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 FOUNDERS COMMISSION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDERS COMMISSION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of FOUNDERS COMMISSION?
- The 990-N for 2024 names Nicholas Povalitis.
- Who are the officers and directors of FOUNDERS COMMISSION?
- The 990-EZ for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does FOUNDERS COMMISSION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $37,133, expenses of $21,137 and total assets of $18,849 at year end.
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All nonprofits in ROCKFORD · Illinois · Recreation and sports