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CHICAGO FARMERS SCHOLARSHIP FUND INC: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CHICAGO FARMERS SCHOLARSHIP FUND INC (EIN 47-1044819)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-06-11
IRS object ID
202541629349200534
Schema version
2024v5.1
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)
Return2025-06-11T14:01:55-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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 Line119250 EVERETT LANE SUITE 103AddressLine1Txt
CityMOKENACityNm
State AbbreviationILStateAbbreviationCd
ZIP60448ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN EDWARDSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3123883276PhoneNum
Signature2025-05-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMYRNA MEJIAPreparerPersonNm
PTINP00417859PTIN
Phone7083861433PhoneNum
Preparation2025-05-29PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressWWW.CHICAGOFARMERS.COMWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$18,025GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$7,500ContributionsGiftsGrantsEtcAmt
Program Service Revenue$8,650ProgramServiceRevenueAmt
Investment Income$1,875InvestmentIncomeAmt
Total Revenue$18,025TotalRevenueAmt
Grants And Similar Amounts Paid$17,000GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$4,482FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$27PrintingPublicationsPostageAmt
Other Expenses Total$1,272OtherExpensesTotalAmt
Total Expenses$22,781TotalExpensesAmt
Excess Or Deficit For Year-$4,756ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$66,972NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$62,216NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$20,463BOYAmt
EOY$13,196EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$47,423BOYAmt
EOY$50,047EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$67,886BOYAmt
EOY$63,243EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$914BOYAmt
EOY$1,027EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$66,972BOYAmt
EOY$62,216EOYAmt
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$0GrantsAndAllocationsAmt
Program Service Expenses$17,000ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$17,000TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KAY WHITLOCK
PRESIDENT2.00$0$0$0
BETH LOEB
SECRETARY2.00$0$0$0
ROY MANN
TREASURER2.00$0$0$0
JOHN COTTINGHAM
DIRECTOR1.00$0$0$0
JASON LESTINA
DIRECTOR1.00$0$0$0
JOHN EDWARDS
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 Line119250 EVERETT LANE SUITE 103AddressLine1Txt
CityMOKENACityNm
State AbbreviationILStateAbbreviationCd
ZIP60448ZIPCd
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$19,610CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,810CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,242CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,145CurrentTaxYearMinus1YearAmt
Current Tax Year$16,150CurrentTaxYearAmt
Total$75,957TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$19,610CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,810CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,242CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,145CurrentTaxYearMinus1YearAmt
Current Tax Year$16,150CurrentTaxYearAmt
Total$75,957TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$12,067CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$600CurrentTaxYearMinus1YearAmt
Total$19,667TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$12,067CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$600CurrentTaxYearMinus1YearAmt
Total$19,667TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$56,290PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$739CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$706CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,867CurrentTaxYearMinus1YearAmt
Current Tax Year$1,875CurrentTaxYearAmt
Total$5,192TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$739CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$706CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,867CurrentTaxYearMinus1YearAmt
Current Tax Year$1,875CurrentTaxYearAmt
Total$5,192TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20,349CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,815CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,948CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$16,012CurrentTaxYearMinus1YearAmt
Current Tax Year$18,025CurrentTaxYearAmt
Total$81,149TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.69370PublicSupportCY509Pct
Public Support PY5090.63160PublicSupportPY509Pct
Investment Income CY0.06400InvestmentIncomeCYPct
Investment Income PY0.04450InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (16 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: DIVIDENDS. AMOUNT: 1,875.
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: 01/19/24. AMOUNT GIVEN: 1,500.
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: 01/19/24. AMOUNT GIVEN: 1,500.
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: 01/19/24. AMOUNT GIVEN: 1,500.
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: 01/19/24. AMOUNT GIVEN: 1,250.
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: 01/19/24. AMOUNT GIVEN: 1,250.
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: 01/19/24. 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: 01/19/24. 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: 01/19/24. 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: 01/19/24. 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: 01/19/24. AMOUNT GIVEN: 1,000.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: UNIVERSITY OF ILLINOIS. GRANTEE ADDRESS: 1301 W . GREGORY URBANA, IL 61801. DATE OF GIFT: 01/19/24. AMOUNT GIVEN: 1,500.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: PURDUE UNIVERSITY. GRANTEE ADDRESS: 715 W. STATE STREET LAFAYETTE, IN 47907. DATE OF GIFT: 01/19/24. AMOUNT GIVEN: 1,500. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 17,000.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: FEES. AMOUNT: 95. DESCRIPTION: BOOKS, SUBSCRIPTIONS, REFERENCE. AMOUNT: 702. DESCRIPTION: INSURANCE. AMOUNT: 475. TOTAL TO FORM 990-EZ, LINE 16: 1,272.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: VANGUARD INVESTMENT ACCOUNT. BEG. OF YEAR AMOUNT: 47,423. END OF YEAR AMOUNT: 49,297. DESCRIPTION: DUE FROM CHICAGO. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 750.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 914. END OF YEAR AMOUNT: 1,027.

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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