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CHICAGO FARMERS SCHOLARSHIP FUND INC: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CHICAGO FARMERS SCHOLARSHIP FUND INC (EIN 47-1044819)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-06-06
IRS object ID
202431589349200623
Schema version
2023v5.0
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)
Return2024-06-06T12:25:48-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN362239746PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SASSETTI LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12107 SWIFT DRIVE SUITE 210AddressLine1Txt
CityOAK BROOKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60523ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471044819EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE CHICAGO FARMERS SCHOLARSHIPBusinessNameLine1Txt
Business Name Line2FUND INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCHICBusinessNameControlTxt
Phone3123883276PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120960 FRANKFORT SQUARE ROAD SUITEAddressLine1Txt
CityFRANKFORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60423ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTIMOTHY BRENNANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3123883276PhoneNum
Signature2024-05-31SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTIMOTHYPersonFirstNm
Person LastBRENNANPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMYRNA MEJIAPreparerPersonNm
PTINP00417859PTIN
Phone7083861433PhoneNum
Preparation2024-05-31PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.CHICAGOFARMERS.COMWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$16,012GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$14,145ContributionsGiftsGrantsEtcAmt
Investment Income$1,867InvestmentIncomeAmt
Total Revenue$16,012TotalRevenueAmt
Grants And Similar Amounts Paid$23,000GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$5,871FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$652OtherExpensesTotalAmt
Total Expenses$29,523TotalExpensesAmt
Excess Or Deficit For Year-$13,511ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$80,483NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$66,972NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$20,242BOYAmt
EOY$20,463EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$60,556BOYAmt
EOY$47,423EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$80,798BOYAmt
EOY$67,886EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$315BOYAmt
EOY$914EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$80,483BOYAmt
EOY$66,972EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTO PROVIDE SCHOLARSHIPS TO STUDENTS THAT ARE IN DEGREE PROGRAMS FOCUSED ON AGRICULTURAL AND LIFE SCIENCES EDUCATIONPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTO PROVIDE SCHOLARSHIPS TO STUDENTS THAT ARE IN DEGREE PROGRAMS FOCUSED ON AGRICULTURAL AND LIFE SCIENCES EDUCATIONDescriptionProgramSrvcAccomTxt
Grants And Allocations$23,000GrantsAndAllocationsAmt
Program Service Expenses$23,000ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$23,000TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (5 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
TIMOTHY BRENNAN
PRESIDENT2.00$0$0$0
BETH LOEB
SECRETARY2.00$0$0$0
ED ELFMANN
TREASURER2.00$0$0$0
JOHN COTTINGHAM
DIRECTOR1.00$0$0$0
JASON LESTINA
DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonGLATZ MANAGEMENT SERVICESPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line120960 FRANKFORT SQUARE ROAD SUITE BAddressLine1Txt
CityFRANKFORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP60423ZIPCd
FieldValueIRS element (for citing)
Phone3123883276PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$15,915CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,610CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,810CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,242CurrentTaxYearMinus1YearAmt
Current Tax Year$14,145CurrentTaxYearAmt
Total$75,722TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$15,915CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,610CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,810CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,242CurrentTaxYearMinus1YearAmt
Current Tax Year$14,145CurrentTaxYearAmt
Total$75,722TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$12,067CurrentTaxYearMinus1YearAmt
Current Tax Year$600CurrentTaxYearAmt
Total$25,667TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$12,067CurrentTaxYearMinus1YearAmt
Current Tax Year$600CurrentTaxYearAmt
Total$25,667TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$50,055PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$207CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$739CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$706CurrentTaxYearMinus1YearAmt
Current Tax Year$1,867CurrentTaxYearAmt
Total$3,524TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$207CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$739CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$706CurrentTaxYearMinus1YearAmt
Current Tax Year$1,867CurrentTaxYearAmt
Total$3,524TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,122CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$20,349CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,815CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,948CurrentTaxYearMinus1YearAmt
Current Tax Year$16,012CurrentTaxYearAmt
Total$79,246TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.63160PublicSupportCY509Pct
Public Support PY5090.78800PublicSupportPY509Pct
Investment Income CY0.04450InvestmentIncomeCYPct
Investment Income PY0.02110InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (15 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: DIVIDENDS. AMOUNT: 1,867.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: WESTERN ILLINOIS UNIVERSITY. GRANTEE ADDRESS: 1 UNIVERSITY CIRCLE MACOMB, IL 61455. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 3,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: SOUTHERN ILLINOIS UNIVERSITY. GRANTEE ADDRESS: 1263 LINCOLN DR CARBONDALE, IL 62901. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 3,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: ILLINOIS STATE UNIVERSITY. GRANTEE ADDRESS: CAMPUS BOX 8000 NORMAL, IL 61790. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 3,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: UNIVERSITY OF ILLINOIS COLLEGE OF ACES. GRANTEE ADDRESS: 1301 W GREGORY DR. STE 227 URBANA, IL 61801. DATE OF GIFT: 03/30/23. AMOUNT GIVEN: 3,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: COLLEGE OF LAKE COUNTY. GRANTEE ADDRESS: 19351 W. WASHINGTON ST. GRAYSLAKE, IL 60030. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 2,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: JOLIET JUNIOR COLLEGE. GRANTEE ADDRESS: 1215 HOUBOLT ROAD JOLIET, IL 60431. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 2,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: ILLINOIS FFA. GRANTEE ADDRESS: 3221 NORTHFIELD DR SPRINGFIELD, IL 62702. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 1,500.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: 4H ILLINOIS. GRANTEE ADDRESS: 1301 GREGORY DRIVE CHAMPAIGN, IL 61801. DATE OF GIFT: 03/21/23. AMOUNT GIVEN: 1,500.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: ILLINOIS AGRICULTURE IN THE CLASSROOM. GRANTEE ADDRESS: 1701 TOWANDA AVENUE BLOOMINGTON, IL 61701. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 1,500.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: CHICAGO HIGH SCHOOL FOR AG SCIENCE. GRANTEE ADDRESS: 3857 W. 111TH STREET CHICAGO, IL 60655. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 1,500.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: ILLINOIS AGRICULTURAL LEADERSHIP FOUNDATION. GRANTEE ADDRESS: PO BOX 1368 BLOOMINGTON, IL 61702. DATE OF GIFT: 03/20/23. AMOUNT GIVEN: 1,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 23,000.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: FEES. AMOUNT: 15. DESCRIPTION: BOOKS, SUBSCRIPTIONS, REFERENCE. AMOUNT: 162. DESCRIPTION: INSURANCE. AMOUNT: 475. TOTAL TO FORM 990-EZ, LINE 16: 652.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: VANGUARD INVESTMENT ACCOUNT. BEG. OF YEAR AMOUNT: 60,556. END OF YEAR AMOUNT: 47,423.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 315. END OF YEAR AMOUNT: 914.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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