PROSPECT COMMUNITY FDN INC: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
PROSPECT COMMUNITY FDN INC (EIN 83-3090105)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-06-02
IRS object ID
202641539349100724
Schema version
2025v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-06-02T17:27:19-04:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN370623191PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LARSSON WOODYARD & HENSON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 426AddressLine1Txt
CityPARISCityNm
State AbbreviationILStateAbbreviationCd
ZIP619440426ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN833090105EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PROSPECT COMMUNITY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPROSBusinessNameControlTxt
Phone2174654154PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 400AddressLine1Txt
CityPARISCityNm
State AbbreviationILStateAbbreviationCd
ZIP61944ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJENNELLE ADAMSPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone2174654154PhoneNum
Signature2026-05-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARLA D COFFMANPreparerPersonNm
PTINP00973603PTIN
Phone2174656494PhoneNum
Preparation2026-06-02PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,756,020FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$50,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$29InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$29InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$29InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss$150OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$150OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$50,179TotalRevAndExpnssAmt
Total Net Invst Incm$29TotalNetInvstIncmAmt
Total Adj Net Incm$179TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$270LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$270LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,785AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,785AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$38,862DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$40,858OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$40,858OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$81,776TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$42,913TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$81,776TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$42,913TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$31,597ExcessRevenueOverExpensesAmt
Net Investment Income$29NetInvestmentIncomeAmt
Adjusted Net Income$179AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$11,150CashBOYAmt
Cash EOY$18,415CashEOYAmt
Cash EOYFMV$18,415CashEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,830,869LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$93,264LandBldgEquipAccumDeprecAmt
Land BOY$1,776,467LandBOYAmt
Land EOY$1,737,605LandEOYAmt
Land EOYFMV$1,737,605LandEOYFMVAmt
Total Assets BOY$1,787,617TotalAssetsBOYAmt
Total Assets EOY$1,756,020TotalAssetsEOYAmt
Total Assets EOYFMV$1,756,020TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,787,617NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,756,020NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,787,617TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,756,020TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,787,617TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,756,020TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,787,617TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$31,597ExcessRevenueOverExpensesAmt
Subtotal$1,756,020SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,756,020TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksERIKA NAILIndividualWithBooksNm
Phone2174654154PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 400AddressLine1Txt
CityPARISCityNm
State AbbreviationILStateAbbreviationCd
ZIP61944ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JENNELLE ADAMS
PO BOX 400PARISIL61944CHAIRMAN2.00$0$0$0
ERIC VOLKMANN
PO BOX 400PARISIL61944VICE CHAIRMA2.00$0$0$0
ERIKA NAIL
PO BOX 400PARISIL61944TREASURER1.00$0$0$0
VERONICA STONE
PO BOX 400PARISIL61944SECRETARY1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1EXPENDITURES RELATED TO DEVELOPING COMMUNITY PARKS AND OTHER BEAUTIFICATION PROJECTS.Description1Txt
Expenses1$42,913Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$14,105AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$14,105TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$14,105AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$212CashDeemedCharitableAmt
Net Vl Noncharitable Assets$13,893NetVlNoncharitableAssetsAmt
Minimum Investment Return$695MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$42,913ExpensesAndContributionsAmt
Qualifying Distributions$42,913QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Qualifying Distributions$42,913QualifyingDistributionsAmt
Remaining Distri From Corpus$42,913RemainingDistriFromCorpusAmt
Total Corpus$42,913TotalCorpusAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2021-03-02PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$179CurrentYearAmt
Year1$1,006Year1Amt
Year2$483Year2Amt
Year3$699Year3Amt
Total$2,367TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$152CurrentYearAmt
Year1$855Year1Amt
Year2$411Year2Amt
Year3$594Year3Amt
Total$2,012TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$42,913CurrentYearAmt
Year1$114,993Year1Amt
Year2$861,473Year2Amt
Year3$11,104Year3Amt
Total$1,030,483TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$42,913CurrentYearAmt
Year1$114,993Year1Amt
Year2$861,473Year2Amt
Year3$11,104Year3Amt
Total$1,030,483TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$463CurrentYearAmt
Year1$910Year1Amt
Year2$6,284Year2Amt
Year3$12,546Year3Amt
Total$20,203TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonPROSPECT BANKRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 400AddressLine1Txt
CityPARISCityNm
State AbbreviationILStateAbbreviationCd
ZIP61944ZIPCd
FieldValueIRS element (for citing)
Recipient Phone2144654154RecipientPhoneNum
Form And Info And MaterialsWRITTEN APPEALFormAndInfoAndMaterialsTxt
Submission DeadlinesNOSubmissionDeadlinesTxt
Restrictions On AwardsDEVELOPMENT AND OPERATION OF PUBLIC PARKS, AMPHITHEATER AND COMMUNITY PARKS, COMMUNITY GARDEN AND OTHER COMMUNITY BEAUTIFICATION PROJECTS.RestrictionsOnAwardsTxt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

FieldValueIRS element (for citing)
DescAMPHITHEATER EVENTSDesc
Exclusion16ExclusionCd
Exclusion$150ExclusionAmt

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$29ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$179ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$179TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1EDGAR COUNTY BANCSHARES INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 400AddressLine1Txt
CityPARISCityNm
State AbbreviationILStateAbbreviationCd
ZIP61944ZIPCd
FieldValueIRS element (for citing)
Total Contributions$50,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,785Amt
Disbursements Charitable Prps$1,785DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (19 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtLifeLifeRtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtCurrent Year ExpenseCurrentYearExpenseAmt
LAND - NORTH OF BANK2020-12-31$140,00039.0000
LAND - 232 N CENTRAL (VADAS)2018-12-31$58,200
LAND-110-114 E UNION2018-12-31$190,000
LAND - 110 W UNION (HOMER'S)2019-12-31$74,891
LAND - 119 E WOOD2020-12-31$415,000
LAND - ADDL COST TO N MAIN2023-08-23$143,835
PAVILION/AMPHITHEATER2023-08-23$427,45039.0000$14,694S/L$10,686
PAVILION FANS2023-08-23$4,4667.0000$957S/L$638
OUTDOOR SPEAKERS2023-08-23$24,5377.0000$5,258S/L$3,505
PAVILION CANOPY/TENT2023-08-23$8397.0000$180S/L$120
BIKE RACKS2023-08-23$6,3637.0000$1,363S/L$909
CCTV2023-08-23$18,8417.0000$4,037S/L$2,692
20' STORAGE CONTAINER2023-08-23$3,6507.0000$782S/L$522
PAVILION LIGHTING2023-10-20$9,19415.0000$919S/L$613
STREET LIGHTS & SIGN2023-08-23$137,79315.0000$13,779S/L$9,186
PARKING LOT/LAND IMPROVEMENT2023-08-23$106,94215.0000$10,694S/L$7,130
PAVILION BRICK WORK2024-04-12$59,20139.0000$1,048S/L$1,480
SOUND EQUIPMENT2024-05-15$1,6737.0000$120S/L$239
AMPHITHEATER SECURITY SYSTEM2024-08-13$7,9947.0000$571S/L$1,142

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Cost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmtCategory Or ItemCategoryOrItemTxtEOYFMVEOYFMVAmt
$808,943$93,264$715,679
$1,021,926$1,021,926LAND$1,737,605

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$270LegalFeesAmt
Disbursements Charitable Prps$270DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescPAVILION IN PROGRESSDesc

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
FILING FEES$10$10
INSURANCE$7,124$7,124
IL ATTY GEN FILING FEE$15$15
UTILITIES$6,425$6,425
ACCOUNTING SOFTWARE$1,521$1,521
MOWING/LAND MAINTENANCE$4,959$4,959
AMPHITHEATER PRODUCTIONS$14,815$14,815
ADVERTISING$5,510$5,510
WEBSITE$479$479

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescAMPHITHEATER EVENTSDesc
Revenue And Expenses Per Books$150RevenueAndExpensesPerBooksAmt
Adjusted Net Income$150AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAX PAIDCategoryTxt
Amt$1Amt

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