Civic Intelligence

Rock Island-Milan Education Foundation

EIN 36-3504459 • 501(c)3 • Rock Island, IL

Profile

To solicit funds from the general public to provide support for rock island - milan school district graduating students through scholarships and provide support to rock island-milan school district teachers with teacher assistance grants.

Refreshing map…

1400 25th AvenueRock Island, IL 61201

www.rockislandeducationfoundation.org

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

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

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

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

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$67,500

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

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

Asset Growth

74th percentile

16%

Faster asset growth than 74% of similar nonprofits.

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

Revenue Growth

77th percentile

34%

Faster revenue growth than 77% of similar nonprofits.

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

Assets

Up

$4,672,833

Up $629,019 (+16%) from 2023

Liabilities

Up

$68

Up $68 from 2023

Net Assets

Up

$4,672,765

Up $628,951 (+16%) from 2023

Revenue

Up

$1,301,287

Up $331,818 (+34%) from 2023

Expenses

Up

$672,336

Up $57,605 (+9.4%) from 2023

Net Income

Up

$628,951

Up $274,213 (+77%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $3,101,675Liabilities 2016: $0Net Assets 2016: $3,101,6752016Assets 2017: $3,405,070Liabilities 2017: $0Net Assets 2017: $3,405,0702017Assets 2018: $2,848,094Liabilities 2018: $970Net Assets 2018: $2,847,1242018Assets 2019: $3,263,001Liabilities 2019: $809Net Assets 2019: $3,262,1922019Assets 2020: $3,602,011Liabilities 2020: $0Net Assets 2020: $3,602,0112020Assets 2021: $4,085,555Liabilities 2021: $1,016Net Assets 2021: $4,084,5392021Assets 2022: $3,689,076Liabilities 2022: $0Net Assets 2022: $3,689,0762022Assets 2023: $4,043,814Liabilities 2023: $0Net Assets 2023: $4,043,8142023Assets 2024: $4,672,833Liabilities 2024: $68Net Assets 2024: $4,672,7652024

Highlighted filing

2024

Assets$4,672,833
Liabilities$68
Net Assets$4,672,765

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2016: $991,023Expenses 2016: $475,952Net Income 2016: $515,0712016Revenue 2017: $995,592Expenses 2017: $692,197Net Income 2017: $303,3952017Revenue 2018: $206,758Expenses 2018: $764,704Net Income 2018: -$557,9462018Revenue 2019: $943,130Expenses 2019: $528,062Net Income 2019: $415,0682019Revenue 2020: $677,340Expenses 2020: $337,521Net Income 2020: $339,8192020Revenue 2021: $853,499Expenses 2021: $370,971Net Income 2021: $482,5282021Revenue 2022: $175,859Expenses 2022: $571,322Net Income 2022: -$395,4632022Revenue 2023: $969,469Expenses 2023: $614,731Net Income 2023: $354,7382023Revenue 2024: $1,301,287Expenses 2024: $672,336Net Income 2024: $628,9512024

Highlighted filing

2024

Revenue$1,301,287
Expenses$672,336
Net Income$628,951

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,301,287
Mission and Program Overview

Mission

To solicit funds from the general public to provide support for rock island - milan school district graduating students through scholarships and provide support to rock island-milan school district teachers with teacher assistance grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,814,445$4,009,698▲ $195,253
Savings and Temporary Cash Investments$146,572$586,947▲ $440,375
Cash and Non-Interest-Bearing Accounts$82,797$76,188▼ $6,609
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$4,043,814$4,672,833▲ $629,019
Other Assets Total-$0-
Liabilities
Other Liabilities-$68-
Total Liabilities$0$68▲ $68
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,618,891$4,341,334▲ $722,443
Net Assets Without Donor Restrictions$424,923$331,431▼ $93,492
Total Net Assets Fund Balance$4,043,814$4,672,765▲ $628,951
Total Liabilities and Net Assets / Fund Balance$4,043,814$4,672,833▲ $629,019
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monta PonsettoExecutive DirectorFT$67,500$67,500

Board Members and Trustees

NameTitle
Barb CadyPresident
Dr Bryan BlewPresident
Zach EdwardsVice President
Bob SwansonDirector
Chris ElsburgDirector
Doug HultquistDirector
Eric RowellDirector
Ian FrinkDirector
Lashanta WilliamsDirector
Rachel GustafsonDirector
Steve AndichSecretary
Shelle ShowalterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$813,302
Program Service Revenue
$0
Investment Income
$487,985
Other Revenue
$0
All Other Contributions
$813,302
Change in Net Assets
$628,951

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,301,287
Total Revenue per Audited Statements
$1,301,287
Total Revenue per Form 990
$1,301,287
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$496,515
Other Expenses$103,157
Salaries, Compensation, and Employee Benefits$72,664
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$364,565--$364,565
Grants to Domestic Individuals$131,950--$131,950
Current Officers, Directors, Trustees, and Key Employees$47,250$20,250-$67,500
Fees for Service Investment Mgmnt Fees-$27,358-$27,358
Fees for Services Other$19,750--$19,750
Fees for Services Accounting-$10,430-$10,430
Insurance$5,289--$5,289
Payroll Taxes$3,615$1,549-$5,164
Office Expenses$3,654--$3,654
Information Technology$1,675--$1,675
Travel$829--$829
All Other Expenses$517--$517
Advertising$500--$500
Other Expenses$444--$444
Total Functional Expenses$612,749$59,587$0$672,336

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$672,336
Total Expenses per Audited Statements$672,336
Total Expenses per Form 990$672,336
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rock Island Milan School DistRock Island, IL-To Enhance Academic Opportunity$364,565
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cc Payable$68
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
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

Designated board members review, sign, and file the return.

Form 990, Part VI, Section C, Line 19

Access to 990 is available upon request during business hours.

Filing and Contact Details

Filer

Filer Name
Rock Island-milan Education Foundation
EIN
36-3504459
Phone
3097935900
Address
1400 25th Avenue, ROCK ISLAND, IL 61201

Signing Officer

Name
Shelle Showalter
Title
Treasurer
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
13

Preparer

Firm
Timmer And Associates CPA PC
Address
4480 - 48th Avenue Ct Suite 3, Rock Island, IL 61201
Preparer
John D Timmer CPA
Phone
5633239407
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt04672765
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0331431
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt03654
IRS990/OfficeExpensesGrp/TotalAmt03654
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/Desc2MEETING EXPENSE
IRS990/OtherExpensesGrp/Desc3Bank Charges/PAYPAL FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt030815
IRS990/OtherExpensesGrp/ProgramServicesAmt1982
IRS990/OtherExpensesGrp/ProgramServicesAmt2914
IRS990/OtherExpensesGrp/ProgramServicesAmt3444
IRS990/OtherExpensesGrp/TotalAmt030815
IRS990/OtherExpensesGrp/TotalAmt1982
IRS990/OtherExpensesGrp/TotalAmt2914
IRS990/OtherExpensesGrp/TotalAmt3444
IRS990/OtherLiabilitiesGrp/EOYAmt068
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01549
IRS990/PayrollTaxesGrp/ProgramServicesAmt03615
IRS990/PayrollTaxesGrp/TotalAmt05164
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0429025
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0472503
IRS990/PYInvestmentIncomeAmt0540444
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt068300
IRS990/PYRevenuesLessExpensesAmt0354738
IRS990/PYSalariesCompEmpBnftPaidAmt066958
IRS990/PYTotalExpensesAmt0614731
IRS990/PYTotalProfFndrsngExpnsAmt06970
IRS990/PYTotalRevenueAmt0969469
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0628951
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0146572
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0586947
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt066274
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt063321
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt071760
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0418500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0367085
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0444199
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0-672609
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0348029
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0345811
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0832515
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68550
IRS990ScheduleA/PublicSupportPY170Pct00.66960
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IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0259699
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02726369
IRS990ScheduleA/TotalSupportAmt03977384
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CC PAYABLE
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IRS990ScheduleD/TotalExpensesPerForm990Amt0672336
IRS990ScheduleD/TotalLiabilityAmt068
IRS990ScheduleD/TotalRevenuePerForm990Amt01301287
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01301287
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0126950
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt15000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0INDIVIDUAL SCHOLARSHIPS$5000 EACH
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1KAL BOSWELL-COLLEGE SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt074
IRS990ScheduleI/RecipientTable/CashGrantAmt0364565
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ENHANCE ACADEMIC OPPORTUNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ROCK ISLAND MILAN SCHOOL DIST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02101 6TH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCK ISLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd061201
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Designated board members review, sign, and file the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Access to 990 is available upon request during business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false

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