2024-07-16T08:29:20-05:00 2023-06-30 390758449 WIPFLI LLP 4949 HARRISON AVENUE SUITE 300 ROCKFORD IL 61108 990 2022-07-01 363705136 VILLAGE OF PROGRESS FOUNDATION INC VILL 8157322126 PO BOX 418 710 S 13TH ST OREGON IL 61061 JOE CLINTON III PRESIDENT 8157322126 2024-04-04 1 JOE CLINTON III 999009999 1 JERRY R FUNK P00082072 8153997700 2024-04-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOE CLINTON III PO BOX 418 710 S 13TH ST OREGON IL 61061 367978 0 X HTTP://VILLAGEOFPROGRESS.ORG/FOUNDATION/ X 1990 IL SECURE FUNDING FOR CHARITABLE AND EDUCATIONAL USES FOR PHYSICALLY AND/OR MENTALLY HANDICAPPED. 11 10 0 20 0 0 36737 140367 0 0 51586 42020 128752 171396 217075 353783 37000 56000 0 0 0 0 0 0 0 134364 141247 171364 197247 45711 156536 1146398 1444457 31110 136371 1115288 1308086 X THE PRIMARY PURPOSE OF OUR FOUNDATION IS TO SECURE THE FUNDS AND RESOURCES NECESSARY TO ENSURE THAT THE NEEDS OF THE OGLE COUNTY POPULATION WITH DISABILITIES WILL BE MET TODAY AND FOR YEARS TO COME. THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF AND TO PROMOTE THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE VILLAGE OF PROGRESS, INC., AN ILLINOIS NOT FOR PROFIT CORPORATION. 0 0 56000 56000 0 THE ORGANIZATION PROVIDES FINANCIAL SUPPORT AND STABILITY TO VILLAGE OF PROGRESS, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES SERVICES TO ADULTS IN OGLE COUNTY WITH DEVELOPMENTAL DISABILITIES. THE FOUNDATION ALSO OFFERS GRANTS TO ADULTS WITH DISABILITIES WHO WISH TO ATTEND THE VILLAGE OF PROGRESS BUT LACK THE FINANCIAL RESOURCES OR STATE FUNDING TO DO SO. THE FOUNDATION ALSO OFFERS SCHOLARSHIPS TO AREA HIGH SCHOOL SENIORS AND COLLEGE STUDENTS WHO EITHER HAVE A DISABILITY OR ARE ENTERING INTO DISABILITIES-RELATED FIELD OF EDUCATION. 56000 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X BRION BROOKS 8157322126 PO BOX 418 710 S 13TH ST OREGON IL 61061 BRION BROOKS DIRECTOR 0.50 X 0 106825 25067 DAVE SMITH SECRETARY/TREASURER 0.50 X X 0 0 0 CHRIS MARTIN VICE PRESIDENT 0.50 X X 0 0 0 JOE CLINTON III PRESIDENT 0.50 X X 0 0 0 WANDA CACCIATORE DIRECTOR 0.50 X 0 0 0 PAT DONAHUE DIRECTOR 0.50 X 0 0 0 JEFF GLEN DIRECTOR 0.50 X 0 0 0 BRETT HERRMANN DIRECTOR 0.50 X 0 0 0 DAVE NELSON DIRECTOR 0.50 X 0 0 0 ROB URISH DIRECTOR 0.50 X 0 0 0 LARRY YOUNG DIRECTOR 0.50 X 0 0 0 0 106825 25067 0 0 0 0 0 18175 122192 140367 42020 42020 102151 0 102151 102151 102151 33440 18175 14195 19245 19245 INSURANCE PROCEEDS 900099 50000 50000 50000 353783 0 0 213416 54000 54000 2000 2000 50760 50760 6665 6665 9103 9103 607 607 43953 43953 21079 21079 9080 9080 197247 56000 141247 0 58574 47969 16179 16526 27676 28901 829517 371908 254370 457609 789599 893452 1146398 1444457 5862 110558 25248 25813 31110 136371 X 1084912 1277456 30376 30630 1115288 1308086 1146398 1444457 156536 36262 0 X X 0 1 X 1 0 X X 1 VILLAGE OF PROGRESS INC 362919569 7 1 54000 0 1 54000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30000 30000 799517 371908 427609 457609 X 380942 36262 -9103 27159 353783 0 353783 188144 -9103 -9103 197247 0 197247 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. FASB ASC 740 PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION RECORDED NO LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS. THE ORGANIZATION'S FEDERAL AND STATE RETURNS REMAIN OPEN TO EXAMINATION BY TAXING AUTHORITIES THROUGH THEIR STATUTORY PERIODS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -9,103. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -9,103. GOLF FUNDRAISER 33245 11375 21870 550 641 4674 5596 BIKE TOUR 16520 6800 9720 194 2540 1 1850 1850 51615 18175 33440 550 641 4868 8136 14195 19245 1 VILLAGE OF PROGRESS INC PO BOX 418 OREGON IL 61061 362919569 501(C)(3) 54000 0 USED TO SUPPORT PROGRAMS THAT ASSIST THE PHYSICALLY AND/OR THE MENTALLY HANDICAPPED IN NORTHERN ILLINOIS 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE COMPLETED IN CONJUNCTION WITH OUR ANNUAL AUDIT. WITH INPUT FROM OUR ACCOUNTANT AND EXECUTIVE DIRECTOR, OUR FINANCE/AUDIT COMMITTEE WILL REVIEW AND APPROVE THE FORMS OR REPORT THE FINDINGS TO OUR BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION 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. AT ANY TIME, IF ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST SHOULD ARISE, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS. THE BOARD WILL THEN VOTE ON THE APPROPRIATE ACTIONS ON A CASE-BY-CASE BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE VILLAGE OF PROGRESS FOUNDATION MAKES THE THREE MOST RECENT ANNUAL INFORMATION RETURNS THE FORM 990, THE 501(C)3 CORPORATION STATUS AND ALL ACCOMPANYING SCHEDULES AND ATTACHMENTS, THE BYLAWS, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, SECTION 2C THE ORGANIZATION USES A SYSTEMATIC PROCESS FOR SELECTION OF INDEPENDENT AUDITORS FOR THE AUDIT OF THE ANNUAL FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. VILLAGE OF PROGRESS INC PO BOX 418 OREGON IL 61061 362919569 TRAINING OF PEOPLE WITH DISABILITIES IL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 VILLAGE OF PROGRESS INC B 54000 CASH VILLAGE OF PROGRESS INC L 50760 CASH