Civic Intelligence

Schlarman Foundation Inc C/O Schlarman Development Office

990 • Fiscal year 2014 • EIN 23-7367151

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 13, 2014

2112 N Vermilion St61832

(217) 442-7947

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

67th percentile

14%

Faster asset growth than 67% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$456,041

Up $57,674 (+14%) from 2013

Net Assets

Up

$456,041

Up $57,674 (+14%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

$60,273

No earlier filing loaded for comparison.

Expenses

Down

$40,904

Down $469 (-1.1%) from 2013

Net Income

$19,369

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $391,588Liabilities 2012: $75,000Net Assets 2012: $316,5882012Assets 2013: $398,367Liabilities 2013: $0Net Assets 2013: $398,3672013Assets 2014: $456,041Liabilities 2014: $0Net Assets 2014: $456,0412014Assets 2015: $3,061,072Liabilities 2015: $0Net Assets 2015: $3,061,0722015Assets 2016: $3,041,044Liabilities 2016: $0Net Assets 2016: $3,041,0442016Assets 2017: $3,146,284Liabilities 2017: $0Net Assets 2017: $3,146,2842017Assets 2018: $3,288,837Liabilities 2018: $1,280Net Assets 2018: $3,287,5572018Assets 2019: $3,429,605Liabilities 2019: $1,046Net Assets 2019: $3,428,5592019Assets 2020: $3,491,082Liabilities 2020: $0Net Assets 2020: $3,491,0822020Assets 2021: $3,868,563Liabilities 2021: $0Net Assets 2021: $3,868,5632021Assets 2022: $4,055,135Liabilities 2022: $0Net Assets 2022: $4,055,1352022Assets 2023: $4,191,289Liabilities 2023: $0Net Assets 2023: $4,191,2892023Assets 2024: $4,309,855Liabilities 2024: $0Net Assets 2024: $4,309,8552024

Highlighted filing

2014

Assets$456,041
Liabilities$0
Net Assets$456,041

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2012: $41,6072012Expenses 2013: $41,3732013Revenue 2014: $60,273Expenses 2014: $40,904Net Income 2014: $19,3692014Revenue 2015: $2,648,557Expenses 2015: $25,309Net Income 2015: $2,623,2482015Revenue 2016: $158,696Expenses 2016: $153,855Net Income 2016: $4,8412016Revenue 2017: $205,084Expenses 2017: $121,864Net Income 2017: $83,2202017Revenue 2018: $379,675Expenses 2018: $246,253Net Income 2018: $133,4222018Revenue 2019: $401,486Expenses 2019: $277,927Net Income 2019: $123,5592019Revenue 2020: $148,134Expenses 2020: $94,644Net Income 2020: $53,4902020Revenue 2021: $365,638Expenses 2021: $150,097Net Income 2021: $215,5412021Revenue 2022: $594,076Expenses 2022: $133,482Net Income 2022: $460,5942022Revenue 2023: $371,630Expenses 2023: $273,387Net Income 2023: $98,2432023Revenue 2024: $169,500Expenses 2024: $143,949Net Income 2024: $25,5512024

Highlighted filing

2014

Revenue$60,273
Expenses$40,904
Net Income$19,369
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 13, 2014
Return Version
2013v3.0
Gross Receipts
$60,273
Mission and Program Overview

Mission

Schlarman foundation was formed to provide financial support to all facets of catholic education within the jurisdiction of schlarman academy and to assist the schlarman development office in providing support in areas of long-range financial development.

Financial support to promote catholic education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$364,244$438,749▲ $74,505
Savings and Temporary Cash Investments$19,728$11,213▼ $8,515
Cash and Non-Interest-Bearing Accounts$14,395$6,079▼ $8,316
Total Assets$398,367$456,041▲ $57,674
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$203,367$223,541▲ $20,174
Permanently Rstr Net Assets$195,000$207,500▲ $12,500
Temporarily Rstr Net Assets-$25,000-
Total Net Assets Fund Balance$398,367$456,041▲ $57,674
Total Liabilities and Net Assets / Fund Balance$398,367$456,041▲ $57,674

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$195,000$37,500--$232,500
2012$195,000---$195,000
2011$185,000$10,000--$195,000
2010$145,000$40,000--$185,000
2009$140,000$5,000--$145,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom ChamberlainPresident
NANCY O'KANEVice President
Becky SchlechtDirector
Brian NevilleDirector
Christopher KittellDirector
Fr Greg NelsonDirector
Fred FaulstichDirector
JOHN O'ROURKEDirector
Jim MulvaneyDirector
Jody LegettDirector
Judy MyersDirector
Karla GiffordDirector
MIKE O'BRIENDirector
Mark PellegriniDirector
Paul JanosikDirector
Raj KarinattuDirector
Tammy CraigDirector
Janet PicilloEx Officio
Philip MuehlTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$40,725
Program Service Revenue
$0
Investment Income
$19,548
Other Revenue
$0
All Other Contributions
$40,725
Change in Net Assets
$19,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$33,350
Other Expenses$7,554
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$25,000--$25,000
Grants to Domestic Individuals$8,350--$8,350
Fees for Service Investment Mgmnt Fees-$4,353-$4,353
Fees for Services Accounting-$3,200-$3,200
Fees for Services Other-$1-$1
Total Functional Expenses$33,350$7,554$0$40,904
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
36-4527038-107(b)(1)(a)iiFinancial Support of School Operations$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the executive director, treasurer, and chairman of the board prior to its filing.

Form 990, Part VI, Section B, Line 12C

Board members are required to notify the board when conflicts occur during board meetings.

Form 990, Part VI, Section B, Line 15

Form 990, page 6, part vi, question 15: the foundation has no paid employees.

Form 990, Part VI, Section C, Line 18

The foundation makes its tax exempt application and form 990 filings available to the public upon request at the foundation offices.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, policies, and financial records available to the public upon request at the foundation offices.

Form 990, Part VII

Jim mulvaney - 33 country club drive, danville, il 61832. Philip muehl - 14831 short road, danville, il 61834. Raj karinattu - 52 maywood drive, danville, il 61832. Fr. Greg nelson - 1303 n. Walnut, danville, il 61832. Mike o'brien - 45 maywood drive, danville, il 61832. Paul janosik - 9803 state route 1, westville, il 61883. Judy myers - 1510 n logan, danville, il 61832. Janet picillo - 11 lake shore, danville, il 61832. Mark pellegrini - 419 wilkin rd, danville, il 61832. John o'rourke - 1915 lake terrace drive, danville, il 61832. Tom chamberlain - 34 maywood dr, danville, il 61832. Christopher kittell - 1241 rue conti, danville, il 61832. Jody legett - 1117 lake ridge rd, danville, il 61832. Nancy o'kane - 111 cronkhite st, danville, il 61832. Becky schlecht - p.o box 297, rossville, il 60963. Fred faulstich - 204 newell, danville, il 61832. Brian neville - po box 766, danville, il 61832. Karla gifford - 14590 old ottawa rd, danville, il 61834. Tammy craig - 1516 myrtle drive, danville, il 61832.

Filing and Contact Details

Filer

EIN
23-7367151
Phone
2174427947

Signing Officer

Name
Phil Muehl
Title
President
Phone
2174427947
Signed
2014-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Muehl
Formed
1974
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
20

Preparer

Preparer
Phil Muehl
Phone
2174421643
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

There has been no change in its oversight process.

Financial Statement Notes

Endowed Funds

Endowed funds include contributions from donors where the principal is to remain intact with the income used to fund scholarships for schlarman academy students.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT
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IRS990/MissionDesc0SCHLARMAN FOUNDATION WAS FORMED TO PROVIDE FINANCIAL SUPPORT TO ALL FACETS OF CATHOLIC EDUCATION WITHIN THE JURISDICTION OF SCHLARMAN ACADEMY AND TO ASSIST THE SCHLARMAN DEVELOPMENT OFFICE IN PROVIDING SUPPORT IN AREAS OF LONG-RANGE FINANCIAL DEVELOPMENT.
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0207500
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PHIL MUEHL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/ReportLandBuildingEquipmentInd00
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IRS990ScheduleA/ContributionControllerInd00
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt025000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10SCHLARMAN ACADEMY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
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IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0195000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0185000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0195000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0145000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt040000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0185000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0140000
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.89250
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWED FUNDS INCLUDE CONTRIBUTIONS FROM DONORS WHERE THE PRINCIPAL IS TO REMAIN INTACT WITH THE INCOME USED TO FUND SCHOLARSHIPS FOR SCHLARMAN ACADEMY STUDENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0ENDOWED FUNDS
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.10750
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0107(B)(1)(A)II
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FINANCIAL SUPPORT OF SCHOOL OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10SCHLARMAN ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0364527038
IRS990ScheduleI/RecipientTable/USAddress/AddressLine102112 N VERMILION
IRS990ScheduleI/RecipientTable/USAddress/City0DANVILLE
IRS990ScheduleI/RecipientTable/USAddress/State0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode061832
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DETAIL RECORDS ARE MAINTAINED FOR DONOR RESTRICTED SCHOLARSHIP FUNDS. SCHOLARSHIPS ARE AWARDED BASED ON DONOR SPECIFICATIONS AND REVIEW OF STUDENT APPLICATIONS BY THE DEVELOPMENT OFFICE OF THE FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, TREASURER, AND CHAIRMAN OF THE BOARD PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO NOTIFY THE BOARD WHEN CONFLICTS OCCUR DURING BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PAGE 6, PART VI, QUESTION 15: THE FOUNDATION HAS NO PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES ITS TAX EXEMPT APPLICATION AND FORM 990 FILINGS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE FOUNDATION OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL RECORDS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE FOUNDATION OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5JIM MULVANEY - 33 COUNTRY CLUB DRIVE, DANVILLE, IL 61832. PHILIP MUEHL - 14831 SHORT ROAD, DANVILLE, IL 61834. RAJ KARINATTU - 52 MAYWOOD DRIVE, DANVILLE, IL 61832. FR. GREG NELSON - 1303 N. WALNUT, DANVILLE, IL 61832. MIKE O'BRIEN - 45 MAYWOOD DRIVE, DANVILLE, IL 61832. PAUL JANOSIK - 9803 STATE ROUTE 1, WESTVILLE, IL 61883. JUDY MYERS - 1510 N LOGAN, DANVILLE, IL 61832. JANET PICILLO - 11 LAKE SHORE, DANVILLE, IL 61832. MARK PELLEGRINI - 419 WILKIN RD, DANVILLE, IL 61832. JOHN O'ROURKE - 1915 LAKE TERRACE DRIVE, DANVILLE, IL 61832. TOM CHAMBERLAIN - 34 MAYWOOD DR, DANVILLE, IL 61832. CHRISTOPHER KITTELL - 1241 RUE CONTI, DANVILLE, IL 61832. JODY LEGETT - 1117 LAKE RIDGE RD, DANVILLE, IL 61832. NANCY O'KANE - 111 CRONKHITE ST, DANVILLE, IL 61832. BECKY SCHLECHT - P.O BOX 297, ROSSVILLE, IL 60963. FRED FAULSTICH - 204 NEWELL, DANVILLE, IL 61832. BRIAN NEVILLE - PO BOX 766, DANVILLE, IL 61832. KARLA GIFFORD - 14590 OLD OTTAWA RD, DANVILLE, IL 61834. TAMMY CRAIG - 1516 MYRTLE DRIVE, DANVILLE, IL 61832.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE HAS BEEN NO CHANGE IN ITS OVERSIGHT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10SCHLARMAN ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0364527038
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine102112 N VERMILION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0DANVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode061832
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00

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