Civic Intelligence

Cedar Grove-Belgium Education Foundation

EIN 26-2179672 • 501(c)3 • Cedar Grove, WI

Profile

To Fund Educational Opportunities

PO Box 257Cedar Grove, WI 53013

cgbfoundation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-44%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

27th percentile

-3.6%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

91%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,874,581

Down $69,971 (-3.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$1,874,581

Down $69,971 (-3.6%) from 2023

Revenue

Up

$158,540

Up $75,492 (+91%) from 2023

Expenses

Up

$228,511

Up $152,514 (+201%) from 2023

Net Income

Down

-$69,971

Down $77,022 (-1092%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2012: $56,317Net Assets 2012: $56,3172012Assets 2013: $78,211Net Assets 2013: $78,2112013Assets 2014: $92,718Net Assets 2014: $92,7182014Assets 2015: $61,602Net Assets 2015: $61,6022015Assets 2016: $136,380Net Assets 2016: $136,3802016Assets 2017: $170,937Net Assets 2017: $170,9372017Assets 2018: $147,738Net Assets 2018: $147,7382018Assets 2019: $1,635,613Liabilities 2019: $0Net Assets 2019: $1,635,6132019Assets 2020: $2,006,430Liabilities 2020: $0Net Assets 2020: $2,006,4302020Assets 2021: $1,964,006Liabilities 2021: $0Net Assets 2021: $1,964,0062021Assets 2022: $1,937,501Liabilities 2022: $0Net Assets 2022: $1,937,5012022Assets 2023: $1,944,552Liabilities 2023: $0Net Assets 2023: $1,944,5522023Assets 2024: $1,874,581Liabilities 2024: $0Net Assets 2024: $1,874,5812024

Highlighted filing

2024

Assets$1,874,581
Liabilities$0
Net Assets$1,874,581

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $41,344Expenses 2012: $52,906Net Income 2012: -$11,5622012Revenue 2013: $59,234Expenses 2013: $37,340Net Income 2013: $21,8942013Revenue 2014: $46,765Expenses 2014: $32,258Net Income 2014: $14,5072014Revenue 2015: $26,626Expenses 2015: $57,742Net Income 2015: -$31,1162015Revenue 2016: $117,946Expenses 2016: $43,168Net Income 2016: $74,7782016Revenue 2017: $69,116Expenses 2017: $34,559Net Income 2017: $34,5572017Revenue 2018: $24,938Expenses 2018: $48,137Net Income 2018: -$23,1992018Revenue 2019: $1,530,410Expenses 2019: $42,535Net Income 2019: $1,487,8752019Revenue 2020: $421,411Expenses 2020: $50,594Net Income 2020: $370,8172020Revenue 2021: $105,851Expenses 2021: $148,275Net Income 2021: -$42,4242021Revenue 2022: $118,357Expenses 2022: $144,862Net Income 2022: -$26,5052022Revenue 2023: $83,048Expenses 2023: $75,997Net Income 2023: $7,0512023Revenue 2024: $158,540Expenses 2024: $228,511Net Income 2024: -$69,9712024

Highlighted filing

2024

Revenue$158,540
Expenses$228,511
Net Income-$69,971

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 11, 2025
Return Version
2024v5.2
Gross Receipts
$158,540
Mission and Program Overview

Mission

To fund educational opportunities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,944,552$1,874,581▼ $69,971
Investments in Publicly Traded Securities$1,839,936$1,839,199▼ $737
Cash and Non-Interest-Bearing Accounts$102,235$33,001▼ $69,234
Savings and Temporary Cash Investments$2,381$2,381→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,944,552$1,874,581▼ $69,971
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,944,552$1,874,581▼ $69,971
Total Liabilities and Net Assets / Fund Balance$1,944,552$1,874,581▼ $69,971
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric VeldhorstPresident
Peter HeimermanVice President
Amy EngevoldSecretary
Darcy JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,225
Program Service Revenue
$0
Investment Income
$86,315
Other Revenue
$0
All Other Contributions
$72,225
Change in Net Assets
$-69,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$224,845
Other Expenses$3,666
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$221,000--$221,000
Grants to Domestic Orgs$3,845--$3,845
Fees for Services Accounting-$2,850-$2,850
Insurance-$590-$590
Office Expenses-$126-$126
Other Expenses-$100-$100
Total Functional Expenses$224,845$3,666$0$228,511
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association has members from WI with the right to participate in the organization's governance. All members shall be active members in good standing in order to cast a vote on governing issues.

Form 990, Part VI, Section A, Line 7A

The nominating committee receives nominations and presents nominees to the general membership to vote on for election to the governing board. The member must be in good standing with the organization at the time the voting in order to cast a vote.

Form 990, Part VI, Section A, Line 7B

The general membership must vote to elect the governing body. They also must vote to approve major purchases. The member must be in good standing with the organization at the time of the vote in order to cast a vote.

Form 990, Part VI, Section B, Line 11B

Officers of the organization and the executive staff make the return available for examination at the business office location during normal business hours.

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

Members of the board of directors are required to complete a conflict of interest policy statement attestation annually. If a conflict exists, they are required to remove the conflict or resign from the board of directors.

Form 990, Part VI, Section B, Line 15A

There is currently no compensation paid to anybody. However, if compensation was paid, that compensation would be reviewed annually and adjusted based on job performance and other factors.

Form 990, Part VI, Section B, Line 15B

There is currently no compensation paid to anybody. However, if compensation was paid, that compensation would be reviewed annually and adjusted based on job performance and other factors.

Form 990, Part VI, Section C, Line 19

The documents are available for review upon request at the board office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Cedar Grove-Belgium Education Foundation
EIN
26-2179672
Phone
9206688277
Address
PO Box 257, Cedar Grove, WI 53013

Signing Officer

Name
Eric Veldhorst
Title
President
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darcy Johnson
Formed
2014
Legal Domicile
Wi
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Integrated Management & Accounting
Address
143 South Main Street, West Bend, WI 53095
Preparer
Kevin Lorge CPA
Phone
2626261723
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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0391413
IRS990ScheduleA/Total509Grp/TotalAmt0567208
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0158540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt083048
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0118357
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0105851
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0421411
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0887207
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0221000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt039
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The association has members from WI with the right to participate in the organization's governance. All members shall be active members in good standing in order to cast a vote on governing issues.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The nominating committee receives nominations and presents nominees to the general membership to vote on for election to the governing board. The member must be in good standing with the organization at the time the voting in order to cast a vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The general membership must vote to elect the governing body. They also must vote to approve major purchases. The member must be in good standing with the organization at the time of the vote in order to cast a vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Officers of the organization and the executive staff make the return available for examination at the business office location during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Members of the board of directors are required to complete a conflict of interest policy statement attestation annually. If a conflict exists, they are required to remove the conflict or resign from the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5There is currently no compensation paid to anybody. However, if compensation was paid, that compensation would be reviewed annually and adjusted based on job performance and other factors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6There is currently no compensation paid to anybody. However, if compensation was paid, that compensation would be reviewed annually and adjusted based on job performance and other factors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The documents are available for review upon request at the board office during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01944552
IRS990/TotalAssetsEOYAmt01874581
IRS990/TotalAssetsGrp/BOYAmt01944552
IRS990/TotalAssetsGrp/EOYAmt01874581
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt072225
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03666
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0224845
IRS990/TotalFunctionalExpensesGrp/TotalAmt0228511
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01944552
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01874581
IRS990/TotalProgramServiceExpensesAmt0224845
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt086315
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0158540
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01944552
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01874581
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 257
IRS990/USAddress/CityNm0Cedar Grove
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053013
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0cgbfoundation.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Eric Veldhorst
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Cedar Grove-Belgium Education Foundation
ReturnHeader/Filer/BusinessNameControlTxt0CEDA
ReturnHeader/Filer/EIN0262179672
ReturnHeader/Filer/PhoneNum09206688277
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 257
ReturnHeader/Filer/USAddress/CityNm0Cedar Grove
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053013
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030528180
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Integrated Management & Accounting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0143 South Main Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Bend
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053095
ReturnHeader/PreparerPersonGrp/PhoneNum02626261723
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kevin Lorge CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-08-11T09:39:50-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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