Bartlett Fourth of July Committee NFP
Nonprofit profile at a glance
- EIN
- 993247727
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Elgin, IL, USA
- Phone
- 8478412024
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $206,251
- Expenses
- $203,870
- Assets
- $154,423
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- Austin Hopkins (Chairman)
- Valorie Proce (Secretary)
- Jenna Rivera (Vice-Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the organization shall be to organize and operate a Fourth of July celebration for the residents of the Village of Bartlett and the larger community; celebrate and educate the community about the founding of the United States; lessen the financial and administrative burdens of celebrating the Fourth of July on units of local government; and promoting the social welfare by bringing the community together, thereby lessening neighborhood tensions, defending human and civil rights, and reducing community deterioration and juvenile delinquency.
What it reported doing in 2024
The organization holds a multi-day Fourth of July festival for Bartlett and the surrounding community including a parade, fireworks display, carnival, and other activities. The festival is self-funding and proceeds are fully reinvested into the festival for the following year. The celebration is produced with cooperation from the Village of Bartlett, Bartlett Police Department, Bartlett Park District, Bartlett Fire District, and Public Works.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 47
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.6%; rating input score 94
- Program expense ratio: 94.7%; rating input score 95
- Fundraising efficiency: $518.52 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.76; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -2.3% per year; rating input score 0; 23rd percentile among comparable filings
- Revenue growth: -53% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 93.6% of revenue deployed · 94.7% of spending went to programs
- Governance: 4 of 4 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $193K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.