Civic Intelligence

Old Elm Scholarship Foundation

990 • Fiscal year 2017 • EIN 23-7399476

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

Organization ProfileN/A
800 Old Elm RoadHighland Park, IL 60035

(847) 432-6270

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Revenue Growth

87th percentile

52%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,776,681

Up $721,391 (+35%) from 2015

Net Assets

Up

$2,776,681

Up $721,391 (+35%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin92nd percentile

Revenue

Up

$499,977

Up $283,819 (+131%) from 2015

Expenses

Up

$242,142

Up $65,802 (+37%) from 2015

Net Income

Up

$257,835

Up $218,017 (+548%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $2,015,472Liabilities 2014: $0Net Assets 2014: $2,015,4722014Assets 2015: $2,055,290Liabilities 2015: $0Net Assets 2015: $2,055,2902015Assets 2017: $2,776,681Liabilities 2017: $0Net Assets 2017: $2,776,6812017Assets 2018: $2,875,838Liabilities 2018: $0Net Assets 2018: $2,875,8382018Assets 2019: $2,837,915Liabilities 2019: $0Net Assets 2019: $2,837,9152019Assets 2020: $2,986,081Liabilities 2020: $0Net Assets 2020: $2,986,0812020Assets 2021: $3,956,859Liabilities 2021: $0Net Assets 2021: $3,956,8592021Assets 2022: $3,846,253Liabilities 2022: $0Net Assets 2022: $3,846,2532022Assets 2023: $3,581,211Liabilities 2023: $0Net Assets 2023: $3,581,2112023Assets 2024: $3,593,642Liabilities 2024: $0Net Assets 2024: $3,593,6422024Assets 2025: $3,461,055Liabilities 2025: $0Net Assets 2025: $3,461,0552025

Highlighted filing

2017

Assets$2,776,681
Liabilities$0
Net Assets$2,776,681
Open 2017 Filing

Operations Trend

Revenue Growth87th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $217,214Expenses 2014: $183,418Net Income 2014: $33,7962014Revenue 2015: $216,158Expenses 2015: $176,340Net Income 2015: $39,8182015Revenue 2017: $499,977Expenses 2017: $242,142Net Income 2017: $257,8352017Revenue 2018: $348,749Expenses 2018: $249,592Net Income 2018: $99,1572018Revenue 2019: $259,200Expenses 2019: $297,123Net Income 2019: -$37,9232019Revenue 2020: $370,224Expenses 2020: $235,284Net Income 2020: $134,9402020Revenue 2021: $1,299,525Expenses 2021: $328,747Net Income 2021: $970,7782021Revenue 2022: $352,989Expenses 2022: $468,455Net Income 2022: -$115,4662022Revenue 2023: $241,130Expenses 2023: $506,172Net Income 2023: -$265,0422023Revenue 2024: $533,395Expenses 2024: $520,964Net Income 2024: $12,4312024Revenue 2025: $395,230Expenses 2025: $527,817Net Income 2025: -$132,5872025

Highlighted filing

2017

Revenue$499,977
Expenses$242,142
Net Income$257,835
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$594,370
Mission and Program Overview

Mission

To award old elm club employees, their families, and caddies college scholarships in amounts ranging from $1,000 to $30,000.

To award old elm club employees, their families, and caddies college scholarships in amounts ranging from $1,000 to $10,000.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,505,346$2,776,681▲ $271,335
Investments in Publicly Traded Securities$1,957,196$2,359,868▲ $402,672
Cash and Non-Interest-Bearing Accounts$404,776$315,267▼ $89,509
Savings and Temporary Cash Investments$143,374$101,546▼ $41,828
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,505,346$2,776,681▲ $271,335
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,505,346$2,776,681▲ $271,335
Total Liabilities and Net Assets / Fund Balance$2,505,346$2,776,681▲ $271,335
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Charles Brennan IiiPresident
Alexander StuartDirector
Ray Newton JrDirector
Richard ThomasDirector
David GrumhausSecretary
M Jay TreesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$432,504
Program Service Revenue
$0
Investment Income
$67,473
Other Revenue
$0
All Other Contributions
$432,504
Change in Net Assets
$257,835

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded3$56,745
Total Noncash Contributions3$56,745

Audited Revenue Reconciliation

Revenue per Audited Statements
$499,977
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$13,500
Total Revenue per Audited Statements
$513,477
Total Revenue per Form 990
$499,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$237,000
Other Expenses$5,142
Total Fundraising Expense$327
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$237,000--$237,000
Fees for Services Accounting-$4,690-$4,690
Office Expenses--$327$327
Other Expenses-$125-$125
Total Functional Expenses$237,000$4,815$327$242,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$242,142
Total Expenses per Audited Statements$242,142
Total Expenses per Form 990$242,142
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Audit committee
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
No
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 11B

“Organization's process to review form 990: return is reviewed by the president and/or treasurer prior to signing and filing.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation: no documents are made available to the public.”

Filing and Contact Details

Filer

Filer Name
Old Elm Scholarship Foundation
EIN
23-7399476
Phone
8474326270
Address
800 OLD ELM ROAD, HIGHLAND PARK, IL 60035

Signing Officer

Name
M Jay Trees
Title
Treasurer
Phone
8474326270
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Brennan Iii
Formed
1974
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Selden Fox Ltd
Address
619 ENTERPRISE DRIVE, OAK BROOK, IL 60523-8835
Preparer
Paul J Rozek
Phone
6309541400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Return of unused scholarship 13,500.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is a nonprofit organization as described in section 501(c)(3) of the internal revenue code and is exempt from federal and state taxes, except to the extent of any unrelated business income. There was no unrelated business income for the years ended december 31, 2017. Accordingly, no provision for income taxes is included in the financial statements.”

Raw XML Appendix361 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE TAXES, EXCEPT TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2017. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt038
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PAYMENTS ARE NOT MADE FOR SCHOLARSHIPS UNTIL A TUITION STATEMENT IS RECEIVED FROM THE COLLEGE OR UNIVERSITY. CHECKS ARE MADE PAYABLE DIRECTLY TO THE COLLEGE OR UNIVERSITY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt056745
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990: RETURN IS REVIEWED BY THE PRESIDENT AND/OR TREASURER PRIOR TO SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RETURN OF UNUSED SCHOLARSHIP 13,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02505346
IRS990/TotalAssetsEOYAmt02776681
IRS990/TotalAssetsGrp/BOYAmt02505346
IRS990/TotalAssetsGrp/EOYAmt02776681
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0432504
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0327
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04815
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0237000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0242142
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02505346
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02776681
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0237000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt067473
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0499977
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02505346
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02776681
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt015275 LITTLE ST MARYS
IRS990/USAddress/CityNm0METTAWA
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060048
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0M JAY TREES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08474326270
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLD ELM SCHOLARSHIP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0OLDE
ReturnHeader/Filer/EIN0237399476
ReturnHeader/Filer/PhoneNum08474326270
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 OLD ELM ROAD
ReturnHeader/Filer/USAddress/CityNm0HIGHLAND PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060035
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId088842023FD5FBC5B3F841D18C0521AFF56C7ABE1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId040BFFA910EE64277A9A506FF5DD00D2632926FF0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.201.115.82
ReturnHeader/FilingSecurityInformation/IPDt02018-11-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm018:07:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362985770
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SELDEN FOX LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0619 ENTERPRISE DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAK BROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0605238835
ReturnHeader/PreparerPersonGrp/PhoneNum06309541400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL J ROZEK
ReturnHeader/ReturnTs02018-11-12T15:28:50-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,776,681
Liabilities
$0
Net assets
$2,776,681
Revenue
$499,977
Expenses
$242,142
Net income
$257,835
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.46$0.00$3.46$0.40$0.53$0.13
2024Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.59$0.53$0.52$0.01
2023Detailed filing. Detailed filing data is available for this year.$3.58$0.00$3.58$0.24$0.51$0.27
2022Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$0.35$0.47$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.96$0.00$3.96$1.30$0.33$0.97
2020Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$0.37$0.24$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$0.26$0.30$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.88$0.00$2.88$0.35$0.25$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$0.50$0.24$0.26
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.22$0.18$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.22$0.18$0.03