Civic Intelligence

Indian Prairie Educational Foundation

990 • Fiscal year 2016 • EIN 36-3652236

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 09, 2017

PO Box 3990Naperville, IL 60567

(630) 369-2352

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

25th percentile

-9.1%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

97th percentile

$80,550

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

29th percentile

-9.4%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

36%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$424,870

Down $44,224 (-9.4%) from 2015

Net Assets

Down

$424,870

Down $44,224 (-9.4%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$486,957

Up $128,291 (+36%) from 2015

Expenses

Up

$531,181

Up $101,316 (+24%) from 2015

Net Income

Up

-$44,224

Up $26,975 (+38%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $489,224Liabilities 2013: $0Net Assets 2013: $489,2242013Assets 2014: $540,293Liabilities 2014: $0Net Assets 2014: $540,2932014Assets 2015: $469,094Liabilities 2015: $0Net Assets 2015: $469,0942015Assets 2016: $424,870Liabilities 2016: $0Net Assets 2016: $424,8702016Assets 2017: $440,635Liabilities 2017: $0Net Assets 2017: $440,6352017Assets 2018: $394,040Liabilities 2018: $0Net Assets 2018: $394,0402018Assets 2019: $342,734Liabilities 2019: $0Net Assets 2019: $342,7342019Assets 2020: $300,332Liabilities 2020: $0Net Assets 2020: $300,3322020Assets 2021: $324,796Liabilities 2021: $0Net Assets 2021: $324,7962021Assets 2022: $311,452Liabilities 2022: $0Net Assets 2022: $311,4522022Assets 2023: $309,477Liabilities 2023: $0Net Assets 2023: $309,4772023Assets 2024: $344,636Liabilities 2024: $0Net Assets 2024: $344,6362024Assets 2025: $303,112Liabilities 2025: $10,099Net Assets 2025: $293,0132025

Highlighted filing

2016

Assets$424,870
Liabilities$0
Net Assets$424,870

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2013: $237,6902013Revenue 2014: $319,423Expenses 2014: $268,354Net Income 2014: $51,0692014Revenue 2015: $358,666Expenses 2015: $429,865Net Income 2015: -$71,1992015Revenue 2016: $486,957Expenses 2016: $531,181Net Income 2016: -$44,2242016Revenue 2017: $485,934Expenses 2017: $470,169Net Income 2017: $15,7652017Revenue 2018: $422,039Expenses 2018: $468,634Net Income 2018: -$46,5952018Revenue 2019: $471,743Expenses 2019: $456,236Net Income 2019: $15,5072019Revenue 2020: $432,473Expenses 2020: $474,875Net Income 2020: -$42,4022020Revenue 2021: $358,242Expenses 2021: $333,778Net Income 2021: $24,4642021Revenue 2022: $222,773Expenses 2022: $236,117Net Income 2022: -$13,3442022Revenue 2023: $260,897Expenses 2023: $262,872Net Income 2023: -$1,9752023Revenue 2024: $286,767Expenses 2024: $251,528Net Income 2024: $35,2392024Revenue 2025: $359,888Expenses 2025: $411,511Net Income 2025: -$51,6232025

Highlighted filing

2016

Revenue$486,957
Expenses$531,181
Net Income-$44,224
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 9, 2017
Return Version
2015v3.0
Gross Receipts
$486,957
Mission and Program Overview

Mission

To provide educational opportunities to students

To provide educational opportunities to students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$399,331$283,377▼ $115,954
Cash and Non-Interest-Bearing Accounts$69,763$141,493▲ $71,730
Total Assets$469,094$424,870▼ $44,224
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$281,198$220,809▼ $60,389
Temporarily Rstr Net Assets$187,896$204,061▲ $16,165
Total Net Assets Fund Balance$469,094$424,870▼ $44,224
Total Liabilities and Net Assets / Fund Balance$469,094$424,870▼ $44,224
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan RasmusExecutive DirectorPT$80,550$80,550

Board Members and Trustees

NameTitle
Kent DuncanChairman
Barbara BibbsVice Chair
Michelle PlummerVice Chair
Chad StevensDirector
Jeff DavisDirector
Karen SullivanDirector
Krishna BansalDirector
Nimish BhattDirector
Rana KhanDirector
Somali TomczakDirector
Terry SullivanDirector
William DaumenDirector
Gordon TraftonSecretary
Dennis BaneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$483,245
Program Service Revenue
$0
Investment Income
$3,712
Other Revenue
$0
All Other Contributions
$483,245
Change in Net Assets
$-44,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$486,957
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$486,957
Total Revenue per Form 990
$486,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$364,103
Total Fundraising Expense$109,476
Grants and Similar Amounts Paid$86,528
Salaries, Compensation, and Employee Benefits$80,550
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$32,220$4,027$44,303$80,550
Grants to Domestic Orgs$63,468--$63,468
Grants to Domestic Individuals$23,060--$23,060
Advertising$22,867--$22,867
Other Expenses$74,566$5,118$65,173$5,118
Office Expenses-$4,563-$4,563
Fees for Services Accounting-$3,615-$3,615
Total Functional Expenses$404,382$17,323$109,476$531,181

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$531,181
Total Expenses per Audited Statements$531,181
Total Expenses per Form 990$531,181
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indian Prairie School Dist 204Naperville, IL-Various School Programs Benefiting All Students Enrolled in Dist 204$63,468
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
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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 11

The form 990 is reviewed by the executive committee.

Form 990, Part VI, Section C, Line 19

All governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Indian Prairie Educational Foundation
EIN
36-3652236
Phone
6303692352
Address
PO BOX 3990, NAPERVILLE, IL 60567

Signing Officer

Name
Kent Duncan
Title
Chairman
Phone
6303692352
Signed
2017-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Duncan
Formed
1994
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
12

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
104 E ROOSEVELT ROAD SUITE 102, WHEATON, IL 60187-5267
Preparer
Mark Schultz
Phone
6306654440
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from previous years.

Financial Statement Notes

PART X, LINE 2:

The foundation files income tax returns in the u.s. Federal jurisdiction and illinois. With few exceptions, the foundation is no longer subject to u.s. Federal, state and local, or non-u.s. Income tax examinations by tax authorities for years before 2013. The foundation does not expect a material net change in unrecognized tax benefits in the next twelve months, has no uncertain tax positions, and is not in question by the internal revenue service or under examination.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0307552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0199725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0228633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01591363
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02883
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01323
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0493
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04958
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013369
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt076623
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98050
IRS990ScheduleA/PublicSupportPY170Pct00.96320
IRS990ScheduleA/PublicSupportTotal170Amt01573458
IRS990ScheduleA/SubstantialContributorsTotAmt017905
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0483245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0372208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0307552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0199725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0228633
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01591363
IRS990ScheduleA/TotalSupportAmt01604732
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0531181
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0486957
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ILLINOIS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013. THE FOUNDATION DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS, HAS NO UNCERTAIN TAX POSITIONS, AND IS NOT IN QUESTION BY THE INTERNAL REVENUE SERVICE OR UNDER EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0531181
IRS990ScheduleD/TotalRevenuePerForm990Amt0486957
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0486957
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0531181
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt023060
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025
IRS990ScheduleI/RecipientTable/CashGrantAmt063468
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0VARIOUS SCHOOL PROGRAMS BENEFITING ALL STUDENTS ENROLLED IN DIST 204
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDIAN PRAIRIE SCHOOL DIST 204
IRS990ScheduleI/RecipientTable/RecipientEIN0362746876
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0P O BOX 3990
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NAPERVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060567
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IPEF HAS A PROCESS AND A FORM THAT NEEDS TO BE COMPLETED DURING THE YEAR TO REPORT TO THE FOUNDATION ON ANY GRANTS THAT WERE ISSUED TO IPSD 204.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt080550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SUSAN RASMUS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt080550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SUSAN RASMUS' $80,550 IN COMPENSATION WAS PROVIDED BY INDIAN PRAIRIE SCHOOL DISTRICT 204.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0187896
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0204061
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0469094
IRS990/TotalAssetsEOYAmt0424870
IRS990/TotalAssetsGrp/BOYAmt0469094
IRS990/TotalAssetsGrp/EOYAmt0424870
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0483245
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0109476
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017323
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0404382
IRS990/TotalFunctionalExpensesGrp/TotalAmt0531181
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0469094
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0424870
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0404382
IRS990/TotalReportableCompFromOrgAmt080550
IRS990/TotalRevenueGrp/ExclusionAmt03712
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0486957
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.03$0.10$2.93$3.60$4.12$0.52
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$0.00$3.45$2.87$2.52$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.00$3.09$2.61$2.63$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$2.23$2.36$0.13
2021Detailed filing. Detailed filing data is available for this year.$3.25$0.00$3.25$3.58$3.34$0.24
2020Detailed filing. Detailed filing data is available for this year.$3.00$0.00$3.00$4.32$4.75$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.00$3.43$4.72$4.56$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.00$3.94$4.22$4.69$0.47
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.41$0.00$4.41$4.86$4.70$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.25$0.00$4.25$4.87$5.31$0.44
2015Detailed filing. Detailed filing data is available for this year.$4.69$0.00$4.69$3.59$4.30$0.71
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.40$0.00$5.40$3.19$2.68$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.89$0.00$4.89$2.38