BOONE COUNTY COMMUNITY FOUNDATION

EIN: 204973846 501(c)(3) Philanthropy & Grantmaking

BELVIDERE, IL

Total Revenue
$563,142
Total Expenses
$451,498
Total Assets
$9,428,545
Net Assets
$8,304,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
MELISSA ERICKSON
Phone
8155447231
Tax Period
2023-01-01 to 2023-12-31

BOONE COUNTY COMMUNITY FOUNDATION is a small nonprofit in the Philanthropy & Grantmaking sector that reported $563K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $112K, a strong 20% operating margin.

Mission

SOLICIT FUNDS FROM COMMUNITY MEMBERS WHO WISH TO PROVIDE FINANCIAL ASSISTANCE TO CHARITABLE ORGANIZATIONS AND ACTIVITIES IN THE BOONE COUNTY COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $249,834

CONTRIBUTIONS WERE MADE TO VARIOUS LOCAL CHARITIES TO HELP IMPROVE AND PROMOTE THE BELVIDERE COMMUNITY

Program 2
Expenses: $85,658

VARIOUS SCHOLARSHIPS WERE ISSUED TO QUALIFYING STUDENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $179,902
Program Service Revenue $105,685
Investment Income $277,555
Other Revenue $0
TOTAL REVENUE $563,142

Expense Breakdown

Grants Paid $228,051
Salaries & Benefits $48,443
Fundraising Expenses $19,372
Program Expenses $335,492
Other Expenses $175,004
TOTAL EXPENSES $451,498

Year-over-Year Comparison

2023 2022 Change
Revenue $563,142 $1,053,734 -0.5%
Expenses $451,498 $459,648 0.0%
Net Income $111,644 $594,086 -0.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
2
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$42,934
Total Directors
22
$42,934
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA ERICKSON EXECUTIVE DI 20.00
Officer Director
$42,934 $0 $42,934
MATT BRANOM DIRECTOR N/A
Director
$0 $0 $0
JEREMY DOETCH CHAIRMAN N/A
Officer Director
$0 $0 $0
DALE DRAKE DIRECTOR N/A
Director
$0 $0 $0
JEFF ERNEST DIRECTOR N/A
Director
$0 $0 $0
DAVE GALLANO PRESIDENT N/A
Officer Director
$0 $0 $0
SCOTT GREENLEE TREASURER N/A
Officer Director
$0 $0 $0
GERALD GRUBB DIRECTOR N/A
Director
$0 $0 $0
BARBARA HALL DIRECTOR N/A
Director
$0 $0 $0
JEFF HARTLE DIRECTOR N/A
Director
$0 $0 $0
NATALIE HYSER DIRECTOR N/A
Director
$0 $0 $0
JEN JACKY DIRECTOR N/A
Director
$0 $0 $0
AMY MORRIS SECRETARY N/A
Officer Director
$0 $0 $0
NANCY RAZON DIRECTOR N/A
Director
$0 $0 $0
MIKE SCHULTZ DIRECTOR N/A
Director
$0 $0 $0
KEN SWANSON CHAIRMAN N/A
Director
$0 $0 $0
THERESE TRENHAILE DIRECTOR N/A
Director
$0 $0 $0
JEAN TWYNING DIRECTOR N/A
Director
$0 $0 $0
HEATHER WICK VICE-PRESIDE N/A
Officer Director
$0 $0 $0
JOHN WOLF DIRECTOR N/A
Director
$0 $0 $0
BUTCH PETERS END 123 DIRECTOR N/A
Director
$0 $0 $0
JAMIE PROCTOR END 123 DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $563,142 $451,498 $9,428,545 $111,644
2023 $563,142 $451,498 $9,428,545 $111,644
2022 $1,053,734 $459,648 $8,796,707 $594,086
2021 $669,863 $394,744 $9,579,750 $275,119
2020 $381,280 $428,135 $8,298,080 $-46,855
2019 $184,429 $318,298 $7,531,854 $-133,869
2018 $2,579,358 $371,851 $6,733,225 $2,207,507
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