CRAIG A WILSON TR FBO FREEPORT COMMUNITY TR: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
CRAIG A WILSON TR FBO FREEPORT COMMUNITY TR (EIN 37-6623968)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-04-16
IRS object ID
201841079349100014
Schema version
2017v2.3
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)
Return2018-04-16T17:28:14-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273238017PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BEGGIN TIPP LAMM 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 Begin2017-01-01TaxPeriodBeginDt

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

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonUNION SAVINGS BANK-TRUSTEEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone8152350800PhoneNum
Signature2018-04-07SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD LAMMPreparerPersonNm
PTINP00082074PTIN
Phone8152359610PhoneNum
Preparation2018-04-16PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization4947a1 Trtd PFYes (X)Organization4947a1TrtdPFInd
FMV Assets EOY$1,256,322FMVAssetsEOYAmt
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$3,286InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,286InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3,286InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$24,748DividendsRevAndExpnssAmt
Dividends Net Invst Incm$24,748DividendsNetInvstIncmAmt
Dividends Adj Net Incm$24,748DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$10,567NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$102,330GrossSalesPriceAmt
Total Rev And Expnss$38,601TotalRevAndExpnssAmt
Total Net Invst Incm$28,034TotalNetInvstIncmAmt
Total Adj Net Incm$28,034TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$12,486OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$302TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$12,788TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$55,086ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$55,086ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$67,874TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$55,086TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$29,273ExcessRevenueOverExpensesAmt
Net Investment Income$28,034NetInvestmentIncomeAmt
Adjusted Net Income$28,034AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$248,212SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$322,152SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$319,204SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$711,914CorporateStockBOYAmt
Corporate Stock EOY$698,107CorporateStockEOYAmt
Corporate Stock EOYFMV$911,762CorporateStockEOYFMVAmt
Corporate Bonds BOY$52,712CorporateBondsBOYAmt
Corporate Bonds EOY$25,559CorporateBondsEOYAmt
Corporate Bonds EOYFMV$25,356CorporateBondsEOYFMVAmt
Total Assets BOY$1,012,838TotalAssetsBOYAmt
Total Assets EOY$1,045,818TotalAssetsEOYAmt
Total Assets EOYFMV$1,256,322TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,012,838UnrestrictedBOYAmt
Unrestricted EOY$1,045,818UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,012,838TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,045,818TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,012,838TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,045,818TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,012,838TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$29,273ExcessRevenueOverExpensesAmt
Other Increases$62,253OtherIncreasesAmt
Subtotal$1,045,818SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,045,818TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$30,625AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Net Investment Income Pct$280NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$280AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$55,086QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$280InvestmentIncomeExciseTaxAmt
Subtotal$280SubtotalAmt
Tax Based On Investment Income$280TaxBasedOnInvestmentIncomeAmt
Tax Due$280TaxDueAmt

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
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

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

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

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$280TaxBasedOnInvestmentIncomeAmt
Total Tax$280TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$55,086ExpensesAndContributionsAmt
Qualifying Distributions$55,086QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$280PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$54,806AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$30,625ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$30,625TotalExcessDistributionCyovAmt
Qualifying Distributions$55,086QualifyingDistributionsAmt
Remaining Distri From Corpus$55,086RemainingDistriFromCorpusAmt
Total Corpus$85,711TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$85,711ExcessDistriCyovToNextYrAmt
Excess From Year1$30,625ExcessFromYear1Amt
Excess From Current Year$55,086ExcessFromCurrentYearAmt

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$55,086Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$55,086TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,286RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,748RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,567RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$38,601RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$38,601TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetUNION SAVINGS BANKAssetDesc
Acquired2016-03AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2017-11SoldDt
Gross Sales Price$102,330GrossSalesPriceAmt
Basis$91,763BasisAmt
Total Net$10,567TotalNetAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCORPORATE BONDSBondNm
EOY Book Value$25,559EOYBookValueAmt
EOYFMV$25,356EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITIESStockNm
EOY Book Value$698,107EOYBookValueAmt
EOYFMV$911,762EOYFMVAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescFINAL TRANS. TO TRUSTDesc
Amt$62,253Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmt
TRUST FEES$11,895
TAX PREPARATION$591

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$302Amt

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