Freeport Public Library Foundation
Freeport Public Library Foundation is a private foundation focused on Education, based in Freeport, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $818K in total assets. In 2025, it awarded 1 grant totaling $46K. Net investment income was $31K.
Freeport Public Library Foundation at a glance
In short: Freeport Public Library Foundation gave $46K across 1 grant in 2025 (avg $46K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $46,198
- +0.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $46,198
- +0.6% vs 2024
- Median grant
- $46,198
- Total assets
- $817,800
- +2.6% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Freeport Public Library Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Freeport Public Library ($46K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Freeport Public Library Foundation gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $27K (2021) to $46K (2025). In 2025 it made 1 grant totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Freeport Public Library Freeport, IL | Assist Library with Programs/Books | $46,198 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $817,800 | $77,690 | $56,882 | $46,198 | 1 | $47,882 | $31,421 | $50,133 |
| 2024 | $796,992 | $91,963 | $55,411 | $45,923 | 1 | $47,940 | $44,374 | $46,064 |
| 2023 | $760,440 | $77,007 | $40,294 | $32,000 | 1 | $33,989 | $26,715 | $40,765 |
| 2022 | $723,727 | $36,712 | $50,791 | $40,739 | 1 | $44,182 | $20,912 | $40,393 |
| 2021 | $737,806 | $19,078 | $31,682 | $27,150 | 1 | $27,175 | $14,972 | $22,487 |
Under IRS private-foundation payout rules, Freeport Public Library Foundation reported a distributable amount of $50K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Freeport Public Library Foundation is led by Marilyn Smit, President on every filing since 2021; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Marilyn Smit
President
On filings since 2021
2 hrs/week
No compensation reported
Beth Johnson
Director
On filings since 2021
1 hr/week
No compensation reported
James Rhyne Jr.
Director
On filings since 2021
1 hr/week
No compensation reported
Becky Connors
Director
On filings since 2022
1 hr/week
No compensation reported
Edward Finch
Secretary
Director → Vice President, 2022
Vice President → Secretary, 2025
On filings since 2021
2 hrs/week
No compensation reported
Troy Lessman
Vice President & Treasurer
Treasurer → Vice President & Treasurer, 2025
On filings since 2021
2 hrs/week
No compensation reported
Tom Torossian
Treasurer & Vice President
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (3)
- Former: Ashley Huffines (2023) — Secretary
- Former: Carole Dickerson (2021–2022) — Secretary
- Former: Marianne Drogosz (2022) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Freeport Public Library Foundation
How much does Freeport Public Library Foundation give each year?
Freeport Public Library Foundation gave $46K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $46K across 1 grant.
How large is Freeport Public Library Foundation?
Freeport Public Library Foundation reported $818K in total assets on its 2025 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Freeport Public Library Foundation?
Freeport Public Library Foundation is a private foundation focused on Education, based in Freeport, IL. It holds $818K in total assets as of 2025.
Where does Freeport Public Library Foundation operate?
Freeport Public Library Foundation has awarded grants in Illinois.
What is Freeport Public Library Foundation's EIN?
Freeport Public Library Foundation's EIN (Employer Identification Number) is 36-3975695. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2021–2024
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