Civic Intelligence

Geneva Academic Foundation

990 • Fiscal year 2020 • EIN 36-3525778

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 10, 2021

Organization Profilewww.gafgeneva.org
P O Box 44Geneva, IL 60134

(630) 726-0068

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

57th percentile

10%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-18%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$611,783

Up $56,227 (+10%) from 2019

Net Assets

Up

$611,783

Up $77,155 (+14%) from 2019

Liabilities

Down

$0

Down $20,928 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin96th percentile

Revenue

Down

$101,973

Down $23,010 (-18%) from 2019

Expenses

Down

$24,818

Down $23,893 (-49%) from 2019

Net Income

Up

$77,155

Up $883 (+1.2%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$800K$600K$400K$200K$0Assets 2011: $313,920Net Assets 2011: $313,9202011Assets 2013: $366,463Net Assets 2013: $366,4632013Assets 2015: $412,245Net Assets 2015: $412,2452015Assets 2016: $430,987Net Assets 2016: $430,9872016Assets 2017: $492,400Net Assets 2017: $492,4002017Assets 2018: $494,746Liabilities 2018: $36,390Net Assets 2018: $458,3562018Assets 2019: $555,556Liabilities 2019: $20,928Net Assets 2019: $534,6282019Assets 2020: $611,783Liabilities 2020: $0Net Assets 2020: $611,7832020Assets 2021: $690,497Liabilities 2021: $0Net Assets 2021: $690,4972021Assets 2022: $597,229Liabilities 2022: $0Net Assets 2022: $597,2292022

Highlighted filing

2020

Assets$611,783
Liabilities$0
Net Assets$611,783
Open 2020 Filing

Operations Trend

Revenue Growth29th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $36,362Expenses 2011: $60,571Net Income 2011: -$24,2092011Revenue 2013: $112,837Expenses 2013: $61,620Net Income 2013: $51,2172013Revenue 2015: $63,362Expenses 2015: $56,554Net Income 2015: $6,8082015Revenue 2016: $59,370Expenses 2016: $47,170Net Income 2016: $12,2002016Revenue 2017: $95,893Expenses 2017: $34,480Net Income 2017: $61,4132017Revenue 2018: $68,779Expenses 2018: $40,020Net Income 2018: $28,7592018Revenue 2019: $124,983Expenses 2019: $48,711Net Income 2019: $76,2722019Revenue 2020: $101,973Expenses 2020: $24,818Net Income 2020: $77,1552020Revenue 2021: $105,197Expenses 2021: $18,447Net Income 2021: $86,7502021Revenue 2022: $35,314Expenses 2022: $24,969Net Income 2022: $10,3452022

Highlighted filing

2020

Revenue$101,973
Expenses$24,818
Net Income$77,155
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 10, 2021
Return Version
2020v4.0
Gross Receipts
$107,967
Mission and Program Overview

Mission

Enrich the educational experiences of students in dist 304

Geneva Academic Foundation (GAF) provides educational experiences and opportunities through student scholarships and classroom grants for technology, programs, and equipment throughout Geneva Community School District 304, grades K-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$534,315$562,440▲ $28,125
Cash and Non-Interest-Bearing Accounts$21,241$49,343▲ $28,102
Savings and Temporary Cash Investments-$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$555,556$611,783▲ $56,227
Other Assets Total-$0-
Liabilities
Grants Payable$20,928--
Total Liabilities$20,928$0▼ $20,928
Net Assets / Fund Balance
Net Assets With Donor Restrictions$430,987$430,987→ $0
Net Assets Without Donor Restrictions$103,641$180,796▲ $77,155
Total Net Assets Fund Balance$534,628$611,783▲ $77,155
Total Liabilities and Net Assets / Fund Balance$555,556$611,783▲ $56,227
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Julie Post-smithPresident
Luis AmayaVice President
Anita MalikBoard Member
Bridget WrobelBoard Member
Edward DonatBoard Member
Ferdinand MartijaBoard Member
Jason SeidenBoard Member
Kimberly LuthinBoard Member
Lis CervenkaBoard Member
Heidi PryorSecretary
David AtkinsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,323
Program Service Revenue
$0
Investment Income
$68,776
Other Revenue
$7,874
All Other Contributions
$10,000
Change in Net Assets
$77,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,271
Grants and Similar Amounts Paid$11,547
Total Fundraising Expense$297
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$11,547--$11,547
Fees for Service Investment Mgmnt Fees-$9,725-$9,725
Fees for Services Legal-$1,620-$1,620
Fees for Services Accounting-$735-$735
Other Expenses$92$33$108$108
All Other Expenses-$19$64$83
Total Functional Expenses$11,639$12,882$297$24,818
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,868
Fundraising Direct Expenses$5,994
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Members are voluntary contributors to the chartible activities of geneva academic foundation.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed and approved by Geneva Academic Foundation Board officers prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Geneva Academic Foundation
EIN
36-3525778
Phone
6307260068
Address
P O BOX 44, GENEVA, IL 60134

Signing Officer

Name
David Atkinson
Title
Treasurer
Phone
6309174219
Signed
2021-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Post-smith
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
20

Preparer

Firm
Richmann Business Services Inc
Address
812 EAST MAIN STREET SUITE 202, ST CHARLES, IL 60174
Preparer
John W Richmann Ea
Phone
6305847755
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

“Sponsored cub scout pack 239”

Other Changes in Net Assets Line 20

“Prior year net assets included unrealized gain on investments.”

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JULIE POST-SMITH
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt09674
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IRS990/PYInvestmentIncomeAmt096548
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IRS990/PYOtherExpensesAmt017783
IRS990/PYOtherRevenueAmt08904
IRS990/PYRevenuesLessExpensesAmt076272
IRS990/PYTotalExpensesAmt048711
IRS990/PYTotalRevenueAmt0124983
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/ReconcilationRevenueExpnssAmt077155
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt025323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt031436
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt075802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt056386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0208478
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt018568
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt011135
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt017423
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt078846
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72560
IRS990ScheduleA/PublicSupportPY170Pct00.83890
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0208478
IRS990ScheduleA/TotalSupportAmt0287324
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPONSORED CUB SCOUT PACK 239
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE VOLUNTARY CONTRIBUTORS TO THE CHARTIBLE ACTIVITIES OF GENEVA ACADEMIC FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is reviewed and approved by Geneva Academic Foundation Board officers prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR NET ASSETS INCLUDED UNREALIZED GAIN ON INVESTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2: New Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4OTHER CHANGES IN NET ASSETS LINE 20
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0611783
IRS990/TotalAssetsGrp/BOYAmt0555556
IRS990/TotalAssetsGrp/EOYAmt0611783
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012882
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011639
IRS990/TotalFunctionalExpensesGrp/TotalAmt024818
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020928
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt020928
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0534628
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0611783
IRS990/TotalProgramServiceExpensesAmt011639
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IRS990/TotalVolunteersCnt020
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IRS990/USAddress/AddressLine1Txt0P O BOX 44
IRS990/USAddress/CityNm0GENEVA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$611,783
Liabilities
$0
Net assets
$611,783
Revenue
$101,973
Expenses
$24,818
Net income
$77,155
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.97$0.00$5.97$0.35$0.25$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.90$0.00$6.90$1.05$0.18$0.87
2020Detailed filing. Detailed filing data is available for this year.$6.12$0.00$6.12$1.02$0.25$0.77
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.56$0.21$5.35$1.25$0.49$0.76
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$0.36$4.58$0.69$0.40$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$4.92$0.96$0.34$0.61
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.31$4.31$0.59$0.47$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.12$4.12$0.63$0.57$0.07
2013Detailed filing. Detailed filing data is available for this year.$3.66$3.66$1.13$0.62$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$3.14$0.36$0.61$0.24