Community Foundation Of Will County
Organization summary
Type of Nonprofit
Designated as a 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: Community Improvement, Capacity Building / Single Organization Support (NTEE)
Donations to this organization are tax deductible.
Details
According to its Sept. 2024 tax filing, this nonprofit:
Summary charts: organization finances over time
Revenue $897k (2024)
Expenses $825k (2024)
Total Assets $10.2M (2024)
Total Liabilities $392k (2024)
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 Sept.
2024
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $500,160 |
55.7%
|
| Program Services | $94,618 |
10.5%
|
| Investment Income | $336,507 |
37.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$34,126 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $61,200 |
7.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $10,178,352 | |
| Total Liabilities | $391,599 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Matt Schimanski (Chair) | $0 | $0 | $0 |
| Peter Colarelli (Vice Chair) | $0 | $0 | $0 |
| Dr Nadia Carpanzano (Secretary) | $0 | $0 | $0 |
Document Links
990
Filed on March 3, 2025Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2023
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $542,276 |
63.6%
|
| Program Services | $86,786 |
10.2%
|
| Investment Income | $315,034 |
36.9%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$91,095 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $8,533,618 | |
| Total Liabilities | $349,210 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christian Spesia Jd (Chair) | $0 | $0 | $0 |
| Kathy Cawley (Vice Chair) | $0 | $0 | $0 |
| Peter Colarelli (Secretary) | $0 | $0 | $0 |
Document Links
990
Filed on May 14, 2024Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2022
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $3,341,919 |
94.0%
|
| Program Services | $0 | |
| Investment Income | $130,951 |
3.7%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | -$2,800 | |
| Sales of Assets | $82,507 |
2.3%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $3,684 |
0.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $8,084,543 | |
| Total Liabilities | $473,907 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Christian Spesia (Board Chair & Director (As Of 01/22)) | $0 | $0 | $0 |
| Brian Murphy (Board Treasurer & Director) | $0 | $0 | $0 |
| Peter Colarelli (Board Secretary & Director) | $0 | $0 | $0 |
Document Links
990
Filed on Aug. 11, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2021
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,409,678 |
87.2%
|
| Program Services | $0 | |
| Investment Income | $42,193 |
2.6%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $160,854 |
10.0%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $3,546 |
0.2%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $7,084,412 | |
| Total Liabilities | $410,876 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Rodney Tonelli (Board Chair And Director) | $0 | $0 | $0 |
| Christian Spesia (Secretary And Director) | $0 | $0 | $0 |
| Brian Murphy (Board Treasurer And Director) | $0 | $0 | $0 |
Document Links
990
Filed on Aug. 12, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2020
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $478,090 |
82.3%
|
| Program Services | $0 | |
| Investment Income | $131,382 |
22.6%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$28,349 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $5,146,487 | |
| Total Liabilities | $471,978 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Jessica Strausbaugh (Assistant Treasurer) | $0 | $274,106 | $3,925 |
| Tricia Simpson (Chair And Director (Until 12/19)) | $0 | $0 | $0 |
| Rodney Tonelli (Chair And Director (As Of 01/20)) | $0 | $0 | $0 |
Document Links
990
Filed on Aug. 11, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2019
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $734,427 |
77.7%
|
| Program Services | $0 | |
| Investment Income | $88,896 |
9.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $119,049 |
12.6%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $2,240 |
0.2%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $5,107,718 | |
| Total Liabilities | $717,043 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Tricia Simpson (Chair And Director) | $0 | $0 | $0 |
| Rodney Tonelli (Vice Chair And Director) | $0 | $0 | $0 |
| Brian Murphy (Treasurer And Director) | $0 | $0 | $0 |
Document Links
990
Filed on Aug. 11, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2018
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $698,984 |
77.6%
|
| Program Services | $0 | |
| Investment Income | $68,966 |
7.7%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $131,601 |
14.6%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $644 |
0.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $4,377,278 | |
| Total Liabilities | $300,108 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Tricia Simpson (Chair And Director) | $0 | $0 | $0 |
| Rodney Tonelli (Vice Chair And Director) | $0 | $0 | $0 |
| Brian Murphy (Treasurer And Director) | $0 | $0 | $0 |
Document Links
990
Filed on Aug. 9, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2017
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $571,482 |
83.8%
|
| Program Services | $0 | |
| Investment Income | $91,148 |
13.4%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $18,928 |
2.8%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $333 |
0.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $3,769,731 | |
| Total Liabilities | $116,800 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2016
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $683,002 |
90.1%
|
| Program Services | $0 | |
| Investment Income | $57,051 |
7.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $17,354 |
2.3%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $307 |
0.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $3,325,668 | |
| Total Liabilities | $68,639 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2015
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $832,912 |
84.2%
|
| Program Services | $0 | |
| Investment Income | $49,973 |
5.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $105,727 |
10.7%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $314 |
0.0%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $2,948,347 | |
| Total Liabilities | $57,802 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2014
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $691,412 |
89.4%
|
| Program Services | $0 | |
| Investment Income | $37,474 |
4.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $44,058 |
5.7%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $397 |
0.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $2,585,024 | |
| Total Liabilities | $91,722 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2013
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $837,130 |
96.8%
|
| Program Services | $0 | |
| Investment Income | $24,529 |
2.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $3,021 |
0.3%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $2,073,531 | |
| Total Liabilities | $74,463 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2012
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $388,565 |
95.1%
|
| Program Services | $0 | |
| Investment Income | $20,743 |
5.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$744 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $1,492,939 | |
| Total Liabilities | $173,996 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2011
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $555,832 |
97.2%
|
| Program Services | $0 | |
| Investment Income | $16,739 |
2.9%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$946 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $1,316,232 | |
| Total Liabilities | $206,015 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2010
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2009
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2008
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2007
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2006
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
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