Civic Intelligence

Bloomington Public Schools District 87 Foundation Inc.

990 • Fiscal year 2019 • EIN 26-1220258

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 27, 2020

Organization ProfileWWW.DISTRICT87.ORG
PO Box 249Bloomington, IL 61702

(309) 827-6031

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

84th percentile

36%

Faster revenue growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,687,990

Up $262,744 (+18%) from 2018

Net Assets

Up

$1,687,990

Up $262,744 (+18%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin95th percentile

Revenue

Up

$100,104

Up $26,586 (+36%) from 2018

Expenses

Up

$33,913

Up $5,945 (+21%) from 2018

Net Income

Up

$66,191

Up $20,641 (+45%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$3.0M$2.0M$1.0M$0Assets 2015: $1,294,347Liabilities 2015: $0Net Assets 2015: $1,294,3472015Assets 2016: $1,348,422Liabilities 2016: $0Net Assets 2016: $1,348,4222016Assets 2017: $1,502,378Liabilities 2017: $0Net Assets 2017: $1,502,3782017Assets 2018: $1,425,246Liabilities 2018: $0Net Assets 2018: $1,425,2462018Assets 2019: $1,687,990Liabilities 2019: $0Net Assets 2019: $1,687,9902019Assets 2020: $1,991,482Liabilities 2020: $0Net Assets 2020: $1,991,4822020Assets 2021: $2,257,768Liabilities 2021: $0Net Assets 2021: $2,257,7682021Assets 2022: $2,154,628Liabilities 2022: $0Net Assets 2022: $2,154,6282022Assets 2023: $2,454,022Liabilities 2023: $0Net Assets 2023: $2,454,0222023Assets 2024: $2,712,053Liabilities 2024: $0Net Assets 2024: $2,712,0532024

Highlighted filing

2019

Assets$1,687,990
Liabilities$0
Net Assets$1,687,990
Open 2019 Filing

Operations Trend

Revenue Growth84th percentile

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

$400K$300K$200K$100K$0Revenue 2015: $63,114Expenses 2015: $17,267Net Income 2015: $45,8472015Revenue 2016: $43,932Expenses 2016: $34,706Net Income 2016: $9,2262016Revenue 2017: $56,268Expenses 2017: $33,246Net Income 2017: $23,0222017Revenue 2018: $73,518Expenses 2018: $27,968Net Income 2018: $45,5502018Revenue 2019: $100,104Expenses 2019: $33,913Net Income 2019: $66,1912019Revenue 2020: $88,097Expenses 2020: $29,419Net Income 2020: $58,6782020Revenue 2021: $201,555Expenses 2021: $66,149Net Income 2021: $135,4062021Revenue 2022: $369,537Expenses 2022: $71,435Net Income 2022: $298,1022022Revenue 2023: $93,957Expenses 2023: $59,248Net Income 2023: $34,7092023Revenue 2024: $149,577Expenses 2024: $60,420Net Income 2024: $89,1572024

Highlighted filing

2019

Revenue$100,104
Expenses$33,913
Net Income$66,191
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 27, 2020
Return Version
2019v5.0
Gross Receipts
$478,125
Mission and Program Overview

Mission

To make scholarship distributions for the benefit of the bloomington public schools district 87 and its students in mclean county, illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,352,334$1,570,507▲ $218,173
Savings and Temporary Cash Investments$72,912$117,483▲ $44,571
Total Assets$1,425,246$1,687,990▲ $262,744
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,425,246$1,687,990▲ $262,744
Total Net Assets Fund Balance$1,425,246$1,687,990▲ $262,744
Total Liabilities and Net Assets / Fund Balance$1,425,246$1,687,990▲ $262,744
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Brigette BeasleyPresident
Charles IrwinBoard Member
Elizabeth Fox AnvickBoard Member
James AlmedaBoard Member
Kiasha HenryBoard Member
Mark WylieBoard Member
Tammy HoutzelBoard Member
Colin ManahanAdministrato
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$100,104
Other Revenue
$0
Change in Net Assets
$66,191

Audited Revenue Reconciliation

Revenue per Audited Statements
$100,104
Revenue Not Reported on Form 990
$195,553
Total Revenue per Audited Statements
$295,657
Total Revenue per Form 990
$100,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,000
Other Expenses$13,913
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$20,000--$20,000
Fees for Service Investment Mgmnt Fees-$8,278-$8,278
Fees for Services Accounting-$5,525-$5,525
Fees for Services Legal-$110-$110
Total Functional Expenses$20,000$13,913$0$33,913

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$33,913
Total Expenses per Audited Statements$33,913
Total Expenses per Form 990$33,913
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bloomington Public Schools No 87Bloomington, ILGov-$20,000
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
No
Audit committee
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

“The 990 is reviewed by the governing board. Depending upon the completion of the form, it may or may not be reviewed by the finance committee prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Bloomington public school district 87 foundation makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bloomington Public Schools District
EIN
26-1220258
Address
PO BOX 249, BLOOMINGTON, IL 61702

Signing Officer

Name
Colin Manahan
Title
Administrator
Signed
2020-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colin Manahan
Formed
2007
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
15

Preparer

Firm
Gorenz and Associates Ltd
Address
4200 N KNOXVILLE AVE, PEORIA, IL 61614
Preparer
Tim C Custis CPA
Phone
3096857621
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Bloomington foundation files informational tax returns in the u.s. Federal and state of illinois jurisdictions. Management does not consider any of the organization's tax positions to be "uncertain." after assessing the organization's tax positions, management believes all tax positions would be sustainable upon irs review. As of december 31, 2019, the fiscal years beginning 2018, 2017 and 2016 income tax returns remain subject to examination by the internal revenue service and the illinois attorney general.”

Raw XML Appendix333 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BLOOMINGTON FOUNDATION FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL AND STATE OF ILLINOIS JURISDICTIONS. MANAGEMENT DOES NOT CONSIDER ANY OF THE ORGANIZATION'S TAX POSITIONS TO BE "UNCERTAIN." AFTER ASSESSING THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS WOULD BE SUSTAINABLE UPON IRS REVIEW. AS OF DECEMBER 31, 2019, THE FISCAL YEARS BEGINNING 2018, 2017 AND 2016 INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE ILLINOIS ATTORNEY GENERAL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BLOOMINGTON PUBLIC SCHOOL DISTRICT 87 FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013913
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020000
IRS990/TotalFunctionalExpensesGrp/TotalAmt033913
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01425246
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01687990
IRS990/TotalProgramServiceExpensesAmt020000
IRS990/TotalRevenueGrp/ExclusionAmt0100104
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0100104
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01425246
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01687990
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 249
IRS990/USAddress/CityNm0BLOOMINGTON
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061702
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.DISTRICT87.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0COLIN MANAHAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLOOMINGTON PUBLIC SCHOOLS DISTRICT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt087 FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0261220258
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 249
ReturnHeader/Filer/USAddress/CityNm0BLOOMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061702
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C7CDF08BA87819670675F450E4865A94DC28EC5F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06CB79553ACEFFF9B8FE1CDC2BEF29CB1F056C64D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.91.96.117
ReturnHeader/FilingSecurityInformation/IPDt02020-09-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:24:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371017405
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GORENZ AND ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 N KNOXVILLE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PEORIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061614
ReturnHeader/PreparerPersonGrp/PhoneNum03096857621
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIM C CUSTIS CPA
ReturnHeader/ReturnTs02020-09-24T14:24:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,687,990
Liabilities
$0
Net assets
$1,687,990
Revenue
$100,104
Expenses
$33,913
Net income
$66,191
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$0.15$0.06$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.09$0.06$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.37$0.07$0.30
2021Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.20$0.07$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.99$0.00$1.99$0.09$0.03$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.10$0.03$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.07$0.03$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.06$0.03$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.04$0.03$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.06$0.02$0.05