Financial Reports

2016 Audit Report

2016 Form 990

The latest audit report and Form 990 are available for review in the Foundation office, 18-5 East Dundee Road, Suite 300, Barrington, IL 60010. The Form 990-T, were it required to be filed, would also be available at and in the office.

Disclosure Information

As of the audited report of December 31, 2016, the Barrington Area Community Foundation had net assets of $5.59 million, over 20 times the total expenses of $206 thousand in the fiscal year.

As an IRS approved foundation that grants 5% of net assets averaged over the trailing 20 quarters, net assets will normally be 15 to 20 times the amount granted plus expenses. Any other outcome would not protect the corpus, according to long-term research and practice in the field.
Annual audited reports are posted each year by September 1.

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