CRAIG A WILSON TR FBO FREEPORT COMMUNITY TR: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CRAIG A WILSON TR FBO FREEPORT COMMUNITY TR (EIN 37-6623968)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-04-17
IRS object ID
202321079349100427
Schema version
2022v5.0
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)
Return2023-04-17T13:15:52-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390758449PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WIPFLI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 TRI-STATE INTERNATIONAL STE 300AddressLine1Txt
CityLINCOLNSHIRECityNm
State AbbreviationILStateAbbreviationCd
ZIP60069ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN376623968EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CRAIG A WILSON IRREVOCABLE TRUSTBusinessNameLine1Txt
Business Name Line2FBO FREEPORT COMMUNITY FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCRAIBusinessNameControlTxt
Phone8152350800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 540AddressLine1Txt
CityFREEPORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP61032ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHERYL LESSMAN UNION SAVINGS BANKPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone8152350800PhoneNum
Signature2023-04-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHERYLPersonFirstNm
Person LastLESSMAN UNION SAVINGPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTIMOTHY GRIFFITHPreparerPersonNm
PTINP00299751PTIN
Phone8479410100PhoneNum
Preparation2023-04-17PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization4947a1 Trtd PFYes (X)Organization4947a1TrtdPFInd
FMV Assets EOY$1,402,464FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,794InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,794InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$27,263DividendsRevAndExpnssAmt
Dividends Net Invst Incm$27,263DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$24,707NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$37,800GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$24,707CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$54,764TotalRevAndExpnssAmt
Total Net Invst Incm$54,764TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$14,860CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,594AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$797AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$797AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$115OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$115OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$16,569TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$797TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$912TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$80,328ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$80,328ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$96,897TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$797TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$81,240TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$42,133ExcessRevenueOverExpensesAmt
Net Investment Income$53,967NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$318,017SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$58,977SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$58,977SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$606,960CorporateStockBOYAmt
Corporate Stock EOY$563,170CorporateStockEOYAmt
Corporate Stock EOYFMV$1,092,138CorporateStockEOYFMVAmt
Corporate Bonds BOY$0CorporateBondsBOYAmt
Corporate Bonds EOY$260,697CorporateBondsEOYAmt
Corporate Bonds EOYFMV$251,349CorporateBondsEOYFMVAmt
Total Assets BOY$924,977TotalAssetsBOYAmt
Total Assets EOY$882,844TotalAssetsEOYAmt
Total Assets EOYFMV$1,402,464TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$924,977NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$882,844NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$924,977TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$882,844TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$924,977TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$882,844TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$924,977TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$42,133ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$882,844SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$882,844TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyUNION BANK LTPropertyDesc
Gross Sales Price$37,800GrossSalesPriceAmt
Cost Or Other Basis$13,093CostOrOtherBasisAmt
Gain Or Loss$24,707GainOrLossAmt
Gains Minus Excess Or Losses$24,707GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$24,707CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$750InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$750SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$750TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$689EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$689TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$2EsPenaltyAmt
Tax Due$63TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksCHERYL LESSMAN CO UNION BANKIndividualWithBooksNm
Phone8152350800PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 540 223 W STEPHENSON STAddressLine1Txt
CityFREEPORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP61032ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonUNION SAVINGS BANKPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 540 223 W STEPHENSON STAddressLine1Txt
CityFREEPORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP61032ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$14,860CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,414,675AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$35,741AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,450,416TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,450,416AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,756CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,428,660NetVlNoncharitableAssetsAmt
Minimum Investment Return$71,433MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$71,433MinimumInvestmentReturnAmt
Tax Based On Investment Income$750TaxBasedOnInvestmentIncomeAmt
Total Tax$750TotalTaxAmt
Distributable Before Adj$70,683DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$70,683DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$70,683DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$81,240ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$81,240QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$70,683DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$55,086ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$62,861ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$67,123ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$70,120ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$255,190TotalExcessDistributionCyovAmt
Qualifying Distributions$81,240QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$70,683AppliedToCurrentYearAmt
Remaining Distri From Corpus$10,557RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$265,747TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$55,086ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$210,661ExcessDistriCyovToNextYrAmt
Excess From Year4$62,861ExcessFromYear4Amt
Excess From Year2$67,123ExcessFromYear2Amt
Excess From Year1$70,120ExcessFromYear1Amt
Excess From Current Year$10,557ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1FREEPORT COMMUNITY FOUNDATIONBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11525 S FOREST RD STE 200AddressLine1Txt
CityFREEPORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP61032ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation Status501(C)(3)RecipientFoundationStatusTxt
Grant Or Contribution PurposeFOR FREEPORT COMMUNITY FOUNDATION TO SUPPORT SUCH CHARITABLE ACTIVITIES AS THE BOARD MAY CHOOSE.GrantOrContributionPurposeTxt
Amt$80,328Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$80,328TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,794ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27,263ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$24,707ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$54,764ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$54,764TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATION FEESCategoryTxt
Amt$1,594Amt
Net Investment Income$797NetInvestmentIncomeAmt
Disbursements Charitable Prps$797DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondBONDSBondNm
EOY Book Value$260,697EOYBookValueAmt
EOYFMV$251,349EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITIESStockNm
EOY Book Value$563,170EOYBookValueAmt
EOYFMV$1,092,138EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescILLINOIS ATTORNEY GENERAL FEEDesc
Revenue And Expenses Per Books$115RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$115DisbursementsCharitablePrpsAmt

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