Better Business Bureau Report for
Barrington Area Community Foundation

Better Business Bureau Report issued September 2012
Better Business Bureau Report expires September 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Barrington Area Community Foundation
Address: 421 N Northwest Highway Ste 201
  Barrington, IL 60010
Phone: 847-382-8800
Web Address: barringtonareacommunityfoundation.org
Also known as:None
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Better Business Bureau Comments

Formerly known as:None

Year, State Incorporated: 1998, Illinois
Affiliates: None
Stated Purpose: The purpose of the Barrington Area Community Foundation is to establish a permanent, long-term fund for the betterment of the community.

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Evaluation Conclusions

              

Barrington Area Community Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

The Foundation will use the annual proceeds to support initiatives that benefit the community and maintain the quality of life. The Barrington Area is the greater of the Barrington Area Council of Governments (five suburbs with Barrington in the name and Tower Lakes and Deer Park) and School District #220. Population is approximately 40,000.

For the fiscal year ended December 31, 2011, Barrington Area Community Foundation's program expenses were:

  
Grants 120,200
Total Program Expenses: $120,200
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Governance

              

Chief Executive : NA, NA
Compensation*: 
$

Chair of the Board: Kim Duchossois
Chair's Profession / Business Affiliation: President, family foundation

Board Size: 25

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, internet, newsletters
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $409,912, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Barrington Area Community Foundation's audited financial statements for the fiscal year ended December 31, 2011.

Source of Funds  
Special Events 236,641
Contributions and Grants 173,271
Total Income $409,912


chart



Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 3%  Administrative: 12% 

Total income $409,912
Program expenses $120,200
Fund raising expenses 4,368
Administrative expenses 16,335
Total expenses $140,903
Income in Excess of Expenses 269,009
Beginning net assets 2,962,809
Other Changes in Net Assets (170,938)
Ending net assets 3,060,880
Total liabilities 9,385
Total assets $3,070,265


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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