Civic Intelligence

The Springfield Public Schools Foundation

990 • Fiscal year 2023 • EIN 37-1128781

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 23, 2024

3400 West WabashSpringfield, IL 62704

(217) 525-3040

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

77th percentile

23%

Faster asset growth than 77% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-0.9%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$871,488

Up $160,538 (+23%) from 2022

Net Assets

Up

$871,488

Up $160,538 (+23%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$263,014

Down $2,442 (-0.9%) from 2022

Expenses

Down

$117,959

Down $10,835 (-8.4%) from 2022

Net Income

Up

$145,055

Up $8,393 (+6.1%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $171,695Net Assets 2011: $171,6952011Assets 2012: $202,211Net Assets 2012: $202,2112012Assets 2013: $225,257Net Assets 2013: $225,2572013Assets 2014: $455,561Liabilities 2014: $0Net Assets 2014: $455,5612014Assets 2015: $370,170Liabilities 2015: $0Net Assets 2015: $370,1702015Assets 2016: $386,463Liabilities 2016: $0Net Assets 2016: $386,4632016Assets 2017: $383,459Liabilities 2017: $0Net Assets 2017: $383,4592017Assets 2018: $413,284Liabilities 2018: $0Net Assets 2018: $413,2842018Assets 2019: $395,737Liabilities 2019: $0Net Assets 2019: $395,7372019Assets 2020: $425,870Liabilities 2020: $0Net Assets 2020: $425,8702020Assets 2021: $607,942Liabilities 2021: $0Net Assets 2021: $607,9422021Assets 2022: $710,950Liabilities 2022: $0Net Assets 2022: $710,9502022Assets 2023: $871,488Liabilities 2023: $0Net Assets 2023: $871,4882023Assets 2024: $927,114Liabilities 2024: $0Net Assets 2024: $927,1142024Assets 2025: $1,060,945Liabilities 2025: $0Net Assets 2025: $1,060,9452025

Highlighted filing

2023

Assets$871,488
Liabilities$0
Net Assets$871,488

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $63,737Expenses 2011: $58,668Net Income 2011: $5,0692011Revenue 2012: $111,205Expenses 2012: $79,842Net Income 2012: $31,3632012Revenue 2013: $65,865Expenses 2013: $52,259Net Income 2013: $13,6062013Revenue 2014: $299,238Expenses 2014: $81,381Net Income 2014: $217,8572014Revenue 2015: $169,681Expenses 2015: $256,442Net Income 2015: -$86,7612015Revenue 2016: $136,875Expenses 2016: $119,282Net Income 2016: $17,5932016Revenue 2017: $130,021Expenses 2017: $145,049Net Income 2017: -$15,0282017Revenue 2018: $266,912Expenses 2018: $245,209Net Income 2018: $21,7032018Revenue 2019: $175,209Expenses 2019: $196,450Net Income 2019: -$21,2412019Revenue 2020: $132,634Expenses 2020: $100,228Net Income 2020: $32,4062020Revenue 2021: $178,914Expenses 2021: $49,803Net Income 2021: $129,1112021Revenue 2022: $265,456Expenses 2022: $128,794Net Income 2022: $136,6622022Revenue 2023: $263,014Expenses 2023: $117,959Net Income 2023: $145,0552023Revenue 2024: $227,916Expenses 2024: $195,563Net Income 2024: $32,3532024Revenue 2025: $267,836Expenses 2025: $173,852Net Income 2025: $93,9842025

Highlighted filing

2023

Revenue$263,014
Expenses$117,959
Net Income$145,055
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 23, 2024
Return Version
2022v5.0
Gross Receipts
$293,199
Mission and Program Overview

Mission

To provide grants and special projects to benefit school district #186.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$367,625$478,803▲ $111,178
Investments in Publicly Traded Securities$343,325$392,685▲ $49,360
Total Assets$710,950$871,488▲ $160,538
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$521,127$609,041▲ $87,914
Net Assets With Donor Restrictions$189,823$262,447▲ $72,624
Total Net Assets Fund Balance$710,950$871,488▲ $160,538
Total Liabilities and Net Assets / Fund Balance$710,950$871,488▲ $160,538

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$179,181$107,642▲ $220$8,390$262,447
2021$187,160-▲ $7,519$15,498$179,181
2020$133,054$4,000▲ $50,106-$187,160
2019$130,688$2,000▲ $366-$133,054
2018$123,969$2,012▲ $4,707-$130,688
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$218,377
Program Service Revenue
$0
Investment Income
$9,387
Other Revenue
$35,250
All Other Contributions
$159,434
Change in Net Assets
$145,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$258,553
Revenue Not Reported on Financial Statements
$4,461
Revenue Not Reported on Form 990
$45,667
Total Revenue per Audited Statements
$304,220
Total Revenue per Form 990
$263,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$101,282
Other Expenses$16,677
Total Fundraising Expense$1,378
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$101,282--$101,282
Fees for Services Accounting-$8,480-$8,480
Fees for Service Investment Mgmnt Fees-$4,461-$4,461
Office Expenses-$1,049$1,078$2,127
Other Expenses-$1,309$300$1,609
Total Functional Expenses$101,282$15,299$1,378$117,959

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$143,683
Total Expenses per Form 990$117,959
Expenses per Audited Statements$113,498
Expenses Not Reported on Form 990$30,185
Expenses Not Reported on Financial Statements$4,461
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,125
Fundraising Direct Expenses$30,185
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Foundation Dinner$120,068$61,125$31,563$29,562
Total Events$120,068$61,125$31,563$29,562
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
Yes
Audit committee
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

The tax return is made available to the board before it is filed with the IRS.

Form 990, Part VI, Section C, line 19

Documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Springfield Public Schools Foundation
EIN
37-1128781
Phone
2175253040
Address
3400 West Wabash, Springfield, IL 62704

Signing Officer

Name
Brent Borah
Title
Treasurer
Phone
2175253040
Signed
2024-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Borah
Formed
1981
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
19

Preparer

Firm
Eck Schafer & Punke Llp
Address
227 S Seventh Street, Springfield, IL 62701
Preparer
Brent Leach
Phone
2175251111
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Fundraising Expense netted with Fundraising Income

Part XII, Line 2D - Other Adjustments:

Fundraising Expense netted with Fundraising Income

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01309
IRS990/OtherExpensesGrp/TotalAmt01609
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/BusinessCd2611710
IRS990/OtherRevenueMiscGrp/Desc0Breakfast Club
IRS990/OtherRevenueMiscGrp/Desc1Student Billings
IRS990/OtherRevenueMiscGrp/Desc2Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04225
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt180
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt25
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04225
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt180
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt25
IRS990/OtherRevenueTotalAmt04310
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Brent Borah
IRS990/PriorPeriodAdjustmentsAmt01
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Scholarships.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt018300
IRS990/ProgSrvcAccomActy2Grp/GrantAmt018300
IRS990/ProgSrvcAccomActy3Grp/Desc0All City Music Festival grant.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt04000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0New teacher gift grants and teacher appreciation
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt03840
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt03840
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0243109
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0125042
IRS990/PYInvestmentIncomeAmt06653
IRS990/PYOtherExpensesAmt03752
IRS990/PYOtherRevenueAmt015694
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0136662
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0128794
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0265456
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0145055
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0367625
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0478803
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0241080
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0243109
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0152449
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0117933
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0150825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0905396
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06653
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04167
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05997
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04956
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt030940
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06653
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04167
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05997
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04956
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt030940
IRS990ScheduleA/InvestmentIncomeCYPct00.03090
IRS990ScheduleA/InvestmentIncomePYPct00.02000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt014694
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt021298
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt07704
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt018428
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt062124
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04310
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04310
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90290
IRS990ScheduleA/PublicSupportPY509Pct00.91400
IRS990ScheduleA/PublicSupportTotal509Amt0905396
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0241080
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0243109
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0152449
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0117933
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0150825
IRS990ScheduleA/Total509Grp/TotalAmt0905396
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0254557
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0264456
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0177914
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0131634
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0174209
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01002770
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/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0179181
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0107642
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0262447
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt016206
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0220
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt08390
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0187160
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0179181
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07519
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt015498
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0133054
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0187160
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050106
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0130688
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0133054
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0366
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0123969
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02012
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0130688
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04707
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt030185

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.27$0.17$0.09
2024Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.23$0.20$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.26$0.12$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.27$0.13$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.18$0.05$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.13$0.10$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.18$0.20$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.27$0.25$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.13$0.15$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.14$0.12$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.17$0.26$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.30$0.08$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.23$0.07$0.05$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.20$0.11$0.08$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.17$0.06$0.06$0.01