Civic Intelligence

Old Elm Scholarship Foundation

990 • Fiscal year 2022 • EIN 23-7399476

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 03, 2023

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

(312) 474-4219

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

10th percentile

-33%

Higher net margin than 10% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

37th percentile

-2.8%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-73%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$3,846,253

Down $110,606 (-2.8%) from 2021

Net Assets

Down

$3,846,253

Down $110,606 (-2.8%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin10th percentile

Revenue

Down

$352,989

Down $946,536 (-73%) from 2021

Expenses

Up

$468,455

Up $139,708 (+42%) from 2021

Net Income

Down

-$115,466

Down $1,086,244 (-112%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2022

Assets$3,846,253
Liabilities$0
Net Assets$3,846,253
Open 2022 Filing

Operations Trend

Revenue Growth3rd 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

2022

Revenue$352,989
Expenses$468,455
Net Income-$115,466
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 3, 2023
Return Version
2022v5.0
Gross Receipts
$434,797
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$3,956,859$3,846,253▼ $110,606
Investments in Publicly Traded Securities$3,702,355$3,635,395▼ $66,960
Savings and Temporary Cash Investments$52,444$210,858▲ $158,414
Cash and Non-Interest-Bearing Accounts$202,060--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,956,859$3,846,253▼ $110,606
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,956,859$3,846,253▼ $110,606
Total Liabilities and Net Assets / Fund Balance$3,956,859$3,846,253▼ $110,606
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Charles M Brennan IiiPresident
Alexander D StuartDirector
John C MooreDirector
Ray E Newton JrDirector
Brayton B AlleyDirector Until December 2022
Richard L ThomasDirector Until December 2022
David D GrumhausSecretary
M Jay TreesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$255,649
Program Service Revenue
$0
Investment Income
$97,340
Other Revenue
$0
All Other Contributions
$255,649
Change in Net Assets
$-115,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$450,500
Other Expenses$17,955
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$450,500--$450,500
Fees for Services Accounting-$14,925-$14,925
Office Expenses-$3,030-$3,030
Total Functional Expenses$450,500$17,955$0$468,455
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
3124744219
Address
800 OLD ELM ROAD, HIGHLAND PARK, IL 60035

Signing Officer

Name
M Jay Trees
Title
Treasurer
Phone
3124744219
Signed
2023-10-03
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
7

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:

“Returned scholarships 4,860.”

Raw XML Appendix345 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/TitleTxt1SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR UNTIL DECEMBER 2022
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR UNTIL DECEMBER 2022
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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
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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/ExplanationTxt2RETURNED SCHOLARSHIPS 4,860.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017955
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0450500
IRS990/TotalFunctionalExpensesGrp/TotalAmt0468455
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03956859
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03846253
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0450500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt097340
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0352989
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03956859
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03846253
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0M JAY TREES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03124744219
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLD ELM SCHOLARSHIP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0OLDE
ReturnHeader/Filer/EIN0237399476
ReturnHeader/Filer/PhoneNum03124744219
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 OLD ELM ROAD
ReturnHeader/Filer/USAddress/CityNm0HIGHLAND PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060035
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
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/ReturnTs02023-10-12T13:38:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0M
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JAY TREES
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,846,253
Liabilities
$0
Net assets
$3,846,253
Revenue
$352,989
Expenses
$468,455
Net income
-$115,466
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