Franklin Square Foundation

Evanston, IL
Tax-exempt since April 2003
EIN: 01-0746539

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$124k (2023)

Expenses

$222k (2023)

Total Assets

$1.94M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$123,954

Expenses

$222,153

Net Income

-$98,199

Net Assets

$1,938,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,042	19.4%
Interest Revenue	$304	0.2%
Dividends	$70,004	56.5%
Sales of Assets	$29,604	23.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$210,450	94.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,938,029
Total Liabilities	$0
Net Assets	$1,938,029

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on May 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$186,838

Expenses

$219,703

Net Income

-$32,865

Net Assets

$2,036,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$28,323	15.2%
Interest Revenue	$98	0.1%
Dividends	$47,538	25.4%
Sales of Assets	$110,879	59.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$204,950	93.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,036,228
Total Liabilities	$0
Net Assets	$2,036,228

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on July 5, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$348,470

Expenses

$259,102

Net Income

$89,368

Net Assets

$2,069,093

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$26,517	7.6%
Interest Revenue	$34	0.0%
Dividends	$52,590	15.1%
Sales of Assets	$269,329	77.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$240,000	92.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,069,093
Total Liabilities	$0
Net Assets	$2,069,093

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$341,112

Expenses

$273,312

Net Income

$67,800

Net Assets

$1,979,724

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,896	10.5%
Interest Revenue	$86	0.0%
Dividends	$40,530	11.9%
Sales of Assets	$264,600	77.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$262,000	95.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,979,725
Total Liabilities	$1
Net Assets	$1,979,724

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on May 21, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$406,799

Expenses

$258,109

Net Income

$148,690

Net Assets

$1,911,924

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,177	3.5%
Interest Revenue	$2,795	0.7%
Dividends	$47,591	11.7%
Sales of Assets	$342,236	84.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$238,500	92.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,911,925
Total Liabilities	$1
Net Assets	$1,911,924

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on July 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$243,347

Expenses

$251,064

Net Income

-$7,717

Net Assets

$1,765,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$18,465	7.6%
Interest Revenue	$397	0.2%
Dividends	$54,329	22.3%
Sales of Assets	$149,886	61.6%
Other Income	$20,270	8.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$239,791	95.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,765,197
Total Liabilities	$0
Net Assets	$1,765,197

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on May 31, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$323,135

Expenses

$165,661

Net Income

$157,474

Net Assets

$1,774,358

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,964	31.2%
Interest Revenue	$388	0.1%
Dividends	$41,262	12.8%
Sales of Assets	$180,521	55.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$150,000	90.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,774,358
Total Liabilities	$0
Net Assets	$1,774,358

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on June 12, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$164,397

Expenses

$159,730

Net Income

$4,667

Net Assets

$1,616,884

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$97,626	59.4%
Interest Revenue	$1,418	0.9%
Dividends	$38,960	23.7%
Sales of Assets	$26,325	16.0%
Other Income	$68	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$150,418	94.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,616,884
Total Liabilities	$0
Net Assets	$1,616,884

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on May 15, 2017

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$201,347

Expenses

$180,177

Net Income

$21,170

Net Assets

$1,615,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$85,319	42.4%
Interest Revenue	$2,211	1.1%
Dividends	$36,590	18.2%
Sales of Assets	$77,135	38.3%
Other Income	$92	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$166,700	92.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,615,198
Total Liabilities	$0
Net Assets	$1,615,198

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on Aug. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$204,242

Expenses

$149,251

Net Income

$54,991

Net Assets

$1,596,761

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$103,337	50.6%
Interest Revenue	$2,794	1.4%
Dividends	$38,092	18.7%
Sales of Assets	$60,019	29.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,200	90.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,596,761
Total Liabilities	$0
Net Assets	$1,596,761

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on Aug. 6, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$163,279

Expenses

$149,396

Net Income

$13,883

Net Assets

$1,542,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$98,039	60.0%
Interest Revenue	$4,810	2.9%
Dividends	$32,354	19.8%
Sales of Assets	$28,076	17.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$140,500	94.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,542,817
Total Liabilities	$0
Net Assets	$1,542,817

Compensation

Key Employees and Officers	Compensation	Other
Jacqueline Quern Berry (Director)	$0	$0
Susannah Quern Pratt (Director)	$0	$0
Margaret Quern Atkins (Director)	$0	$0

990-PF

Filed on May 15, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$143,782

Expenses

$158,282

Net Income

-$14,500

Net Assets

$1,529,673

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,628	70.0%
Interest Revenue	$6,165	4.3%
Dividends	$30,550	21.2%
Sales of Assets	$6,439	4.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,500	90.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,529,674
Total Liabilities	$1
Net Assets	$1,529,673

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$137,459

Expenses

$200,425

Net Income

-$62,966

Net Assets

$1,544,173

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,270	72.9%
Interest Revenue	$7,985	5.8%
Dividends	$24,388	17.7%
Sales of Assets	$4,816	3.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$192,200	95.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,544,174
Total Liabilities	$1
Net Assets	$1,544,173

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Franklin Square Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $124k (2023)

Expenses $222k (2023)

Total Assets $1.94M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$124k (2023)

Expenses

$222k (2023)

Total Assets

$1.94M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003