Civic Intelligence

Morrison Schools Foundation

EIN 27-2862815 • 501(c)3 • Morrison, IL

Profile

The mission of the Morrison Schools Foundation is to enhance education opportunities of our students and strengthen our community involvment in the schools.

PO Box 129Morrison, IL 61270-0129
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

99th percentile

99%

Higher net margin than 99% 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

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

$1,036,867

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$1,036,867

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue20th percentileNet Margin99th percentile

Revenue

$1,011,788

No earlier filing loaded for comparison.

Expenses

$9,354

No earlier filing loaded for comparison.

Net Income

$1,002,434

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2024: $1,036,867Liabilities 2024: $0Net Assets 2024: $1,036,8672024

Highlighted filing

2024

Assets$1,036,867
Liabilities$0
Net Assets$1,036,867
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0Revenue 2024: $1,011,788Expenses 2024: $9,354Net Income 2024: $1,002,4342024

Highlighted filing

2024

Revenue$1,011,788
Expenses$9,354
Net Income$1,002,434
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,036,867
Liabilities
$0
Net assets
$1,036,867
Revenue
$1,011,788
Expenses
$9,354
Net income
$1,002,434
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$1.01$0.01$1.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$1,011,788
Mission and Program Overview

Mission

The mission of the Morrison Schools Foundation is to enhance education opportunities of our students and strengthen our community involvment in the schools.

The mission of the Morrison Schools Foundation is to enhance the education of our students and strengthen our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$1,006,325▲ $1,006,325
Cash and Non-Interest-Bearing Accounts$34,433$30,542▼ $3,891
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$34,433$1,036,867▲ $1,002,434
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,433$1,036,867▲ $1,002,434
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$34,433$1,036,867▲ $1,002,434
Total Liabilities and Net Assets / Fund Balance$34,433$1,036,867▲ $1,002,434
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Jackie DamhoffPresident
Tiffany TiptonVice President
Chantal HulmeBoard Member
Elizabeth YaklichBoard Member
Jan ScottBoard Member
Meagan DirksBoard Member
Trent BushSecretary
Joy TegelerTresurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,001,320
Program Service Revenue
$3,759
Investment Income
$6,709
Other Revenue
$0
All Other Contributions
$1,001,320
Change in Net Assets
$1,002,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,104
Grants and Similar Amounts Paid$250
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$0$0$0$384
Grants to Domestic Orgs$0--$250
Fees for Services Other$0$0$0$125
Office Expenses$0$0$0$120
Fees for Services Management$0$0$0$15
Total Functional Expenses$8,460$0$0$9,354
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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

Part VI, Line 11B

“No review was or will be conducted.”

Filing and Contact Details

Filer

Filer Name
Morrison Schools Foundation
EIN
27-2862815
Phone
8157728474
Address
PO BOX 129, MORRISON, IL 61270-0129

Signing Officer

Name
Joy Tegeler
Title
Treasurer
Phone
8157728474
Signed
2025-11-17

Organization Details

Principal Officer
Trent Bush
Formed
2012
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
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IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt034433
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01036867
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
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IRS990/OccupancyGrp/FundraisingAmt00
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IRS990/OfficeExpensesGrp/FundraisingAmt00
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00

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