CRAIG A WILSON TR FBO FREEPORT COMMUNITY TR: Form 990PF, tax year 2020

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Organization
CRAIG A WILSON TR FBO FREEPORT COMMUNITY TR (EIN 37-6623968)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-03-19
IRS object ID
202130789349100508
Schema version
2020v4.0
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)
Return2021-03-19T14:45:13-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273238017PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LUCAS GROUP CPAS ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1524 W STEPHENSON ST STE 200AddressLine1Txt
CityFREEPORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP61032ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN376623968EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CRAIG WILSON IRREVOCABLE TRUST FBOBusinessNameLine1Txt
Business Name Line2FREEPORT COMMUNITY FUNDBusinessNameLine2Txt
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)
PersonUNION SAVINGS BANK-TRUSTEEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone8152350800PhoneNum
Signature2021-03-19SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSTEPHENPersonFirstNm
Person LastKROGERPersonLastNm
FieldValueIRS element (for citing)
SSN888008888SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD LAMMPreparerPersonNm
PTINP00082074PTIN
Phone8152359610PhoneNum
Preparation2021-03-19PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization4947a1 Trtd PFYes (X)Organization4947a1TrtdPFInd
FMV Assets EOY$1,402,379FMVAssetsEOYAmt
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$6,077InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,077InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6,077InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$24,539DividendsRevAndExpnssAmt
Dividends Net Invst Incm$24,539DividendsNetInvstIncmAmt
Dividends Adj Net Incm$24,539DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$54,465NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$125,577GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$54,465CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$85,081TotalRevAndExpnssAmt
Total Net Invst Incm$85,081TotalNetInvstIncmAmt
Total Adj Net Incm$30,616TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$14,269OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$14,269OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$331TaxesRevAndExpnssAmt
Taxes Net Invst Incm$331TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$14,600TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$14,600TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$67,123ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$67,123ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$81,723TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$14,600TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$67,123TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,358ExcessRevenueOverExpensesAmt
Net Investment Income$70,481NetInvestmentIncomeAmt
Adjusted Net Income$30,616AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$42,413SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$356,965SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$363,133SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$637,619CorporateStockBOYAmt
Corporate Stock EOY$616,797CorporateStockEOYAmt
Corporate Stock EOYFMV$1,039,246CorporateStockEOYFMVAmt
Corporate Bonds BOY$290,362CorporateBondsBOYAmt
Total Assets BOY$970,394TotalAssetsBOYAmt
Total Assets EOY$973,762TotalAssetsEOYAmt
Total Assets EOYFMV$1,402,379TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$970,394NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$973,762NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$970,394TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$973,762TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$970,394TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$973,762TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$970,394TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$3,358ExcessRevenueOverExpensesAmt
Other Increases$10OtherIncreasesAmt
Subtotal$973,762SubtotalAmt
Tot Net Ast Or Fund Balances EOY$973,762TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
How AcquiredPHowAcquiredCd
Gross Sales Price$125,577GrossSalesPriceAmt
Cost Or Other Basis$71,112CostOrOtherBasisAmt
Gain Or Loss$54,465GainOrLossAmt
Gains Minus Excess Or Losses$54,465GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$54,465CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$980InvestmentIncomeExciseTaxAmt
Subtotal$980SubtotalAmt
Tax Based On Investment Income$980TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$7EsPenaltyAmt
Tax Due$987TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1UNION SAVINGS BANK-TRUSTEEBusinessNameLine1Txt
Business Name Line2STEPHEN KROGERBusinessNameLine2Txt
FieldValueIRS element (for citing)
Phone8152350800PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1223 W STEPHENSON STAddressLine1Txt
CityFREEPORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP61032ZIPCd
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

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1UNION SAVINGS BANK-TRUSTEEBusinessNameLine1Txt
Business Name Line2STEPHEN KROGERBusinessNameLine2Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1223 W STEPHENSON STAddressLine1Txt
CityFREEPORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP61032ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos000.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$980TaxBasedOnInvestmentIncomeAmt
Total Tax$980TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$67,123ExpensesAndContributionsAmt
Qualifying Distributions$67,123QualifyingDistributionsAmt
Adjusted Qualifying Distri$67,123AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$30,625ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$55,086ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$62,861ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$148,572TotalExcessDistributionCyovAmt
Qualifying Distributions$67,123QualifyingDistributionsAmt
Remaining Distri From Corpus$67,123RemainingDistriFromCorpusAmt
Total Corpus$215,695TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$215,695ExcessDistriCyovToNextYrAmt
Excess From Year4$30,625ExcessFromYear4Amt
Excess From Year3$55,086ExcessFromYear3Amt
Excess From Year2$62,861ExcessFromYear2Amt
Excess From Current Year$67,123ExcessFromCurrentYearAmt

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 FUNDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1524 W STEPHENSON STAddressLine1Txt
Address Line2STE 102AddressLine2Txt
CityFREEPORTCityNm
State AbbreviationILStateAbbreviationCd
ZIP61032ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCOMMUNITY CHARITYGrantOrContributionPurposeTxt
Amt$67,123Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$67,123TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,077RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,539RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$54,465RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$85,081RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$85,081TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDSBondNm

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITIESStockNm
EOY Book Value$616,797EOYBookValueAmt
EOYFMV$1,039,246EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescROUNDINGDesc
Amt$10Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
TRUST FEES$13,254$13,254
TAX PREPARATION$1,015$1,015

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAXES$316$316
REGISTRATION FEE$15$15

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