Civic Intelligence

Tremont Education Foundation

990 • Fiscal year 2015 • EIN 37-1296130

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 14, 2016

Organization ProfileN/A
400 West PearlTremont, IL 61568

(309) 925-2121

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

23rd percentile

-6.2%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

14th percentile

-24%

Faster revenue growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$530,147

Down $35,286 (-6.2%) from 2014

Net Assets

Down

$530,147

Down $35,286 (-6.2%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin16th percentile

Revenue

Down

$39,325

Down $12,302 (-24%) from 2014

Expenses

Up

$45,674

Up $38,190 (+510%) from 2014

Net Income

Down

-$6,349

Down $50,492 (-114%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$1.0M$500K$0Assets 2012: $544,321Liabilities 2012: $0Net Assets 2012: $544,3212012Assets 2014: $565,433Liabilities 2014: $0Net Assets 2014: $565,4332014Assets 2015: $530,147Liabilities 2015: $0Net Assets 2015: $530,1472015Assets 2016: $574,343Liabilities 2016: $0Net Assets 2016: $574,3432016Assets 2020: $717,228Liabilities 2020: $0Net Assets 2020: $717,2282020Assets 2021: $748,720Liabilities 2021: $0Net Assets 2021: $748,7202021Assets 2022: $654,105Liabilities 2022: $0Net Assets 2022: $654,1052022Assets 2024: $859,103Liabilities 2024: $0Net Assets 2024: $859,1032024

Highlighted filing

2015

Assets$530,147
Liabilities$0
Net Assets$530,147
Open 2015 Filing

Operations Trend

Revenue Growth14th percentile

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

$200K$100K$0-$100K-$200KExpenses 2012: $13,5512012Revenue 2014: $51,627Expenses 2014: $7,484Net Income 2014: $44,1432014Revenue 2015: $39,325Expenses 2015: $45,674Net Income 2015: -$6,3492015Revenue 2016: $39,793Expenses 2016: $10,936Net Income 2016: $28,8572016Revenue 2020: $132,529Expenses 2020: $33,118Net Income 2020: $99,4112020Revenue 2021: $61,974Expenses 2021: $31,437Net Income 2021: $30,5372021Revenue 2022: -$58,049Expenses 2022: $44,774Net Income 2022: -$102,8232022Revenue 2024: $198,446Expenses 2024: $71,347Net Income 2024: $127,0992024

Highlighted filing

2015

Revenue$39,325
Expenses$45,674
Net Income-$6,349
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 14, 2016
Return Version
2015v2.1
Gross Receipts
$39,325
Mission and Program Overview

Mission

To support educational programs that are innovative and/or complement, enrich or enhance educational opportunities for the students in tremont school district 702

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$565,433$530,147▼ $35,286
Investments in Publicly Traded Securities$341,840$312,165▼ $29,675
Savings and Temporary Cash Investments$223,593$217,982▼ $5,611
Total Assets$565,433$530,147▼ $35,286
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$565,433$530,147▼ $35,286
Total Liabilities and Net Assets / Fund Balance$565,433$530,147▼ $35,286
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Michele GareyPresident
Kevin UlrichVice-president
Elizabeth BakerDirector
Frank MccloudDirector
Jeff LeberDirector
Joyce MadsenDirector
Julie LargentDirector
Ken GibsonDirector
Luke PorrittDirector
Jeff HinmanEx Officio
Bev HerrinSecretary
Jeanie RoyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,187
Program Service Revenue
$0
Investment Income
$17,138
Other Revenue
$0
All Other Contributions
$22,187
Change in Net Assets
$-6,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$44,798
Other Expenses$876
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$37,298--$37,298
Grants to Domestic Individuals$7,500--$7,500
Fees for Services Accounting$0$518$0$518
Insurance$0$265$0$265
Office Expenses$0$93$0$93
Total Functional Expenses$44,798$876$0$45,674
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
TREMONT CUSD #702Tremont, IL170b1AvSee Part Iv$37,298
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See Part VInvestment Income EarnedNo$17,120
-See Part VInsurance PurchasedNo$265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Filing and Contact Details

Filer

Filer Name
Tremont Education Foundation
EIN
37-1296130
Phone
3099252121
Address
400 WEST PEARL, TREMONT, IL 61568

Signing Officer

Name
Josh Dickey
Title
Treasurer
Phone
3099252121
Signed
2016-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele Garey
Formed
1992
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
13

Preparer

Firm
Koch Consultants Ltd
Address
11770 MILLER RD, TREMONT, IL 61568
Preparer
Nathan D Koch
Phone
3092673796
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is prepared by a third-party accountant; the board treasurer reviews the form prior to signature and filing; the form is available to all board members prior to filing.”

Pt VI, Line 19

“All of these documents are made available upon request by members of the general public.”

Raw XML Appendix381 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TREMONT COMMUNITY UNIT SCHOOL DISTRICT #702 DOES NOT HOLD AN IRS EXEMPTION LETTER, BUT THE DISTRICT IS CLEARLY A TAX-EXEMPT ENTITY AS DESCRIBED IN PART I, LINE 6 - SCHEDULE A.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1PER BYLAWS ARTICLE II, SECTION 2.04 - ONE OF THE DIRECTORS SHALL BE A CURRENTLY SEATED MEMBER OF THE SCHOOL DISTRICT'S BOARD OF EDUCATION, AND SHALL HAVE A TERM ON THE BOARD OF DIRECTORS THAT IS COTERMINOUS WITH HIS/HER BOARD OF EDUCATION TERM; PER BYLAWS ARTICLE I, SECTION 1.02 "PURPOSE" - THE PRIMARY PURPOSE FOR WHICH THIS FOUNDATION HAS BEEN CREATED IS TO SUPPORT EDUCATIONAL PROGRAMS THAT ARE INNOVATIVE AND/OR COMPLEMENT, ENRICH OR ENHANCE EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS IN TREMONT SCHOOL DISTRICT 702; EACH YEAR, TEACHERS FROM DISTRICT #702 SUBMIT FUNDING REQUESTS FOR VARIOUS PROGRAMS TO THE FOUNDATION, THE FOUNDATION BOARD SELECTS WHICH PROGRAMS WILL BE FUNDED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2PT IV SEC E LN 1C - SEE RESPONSE ABOVE (PT IV SEC D LN 3) REGARDING EXPLANATION OF HOW THE FOUNDATION "SUPPORTED A GOVERNMENT ENTITY"
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3PT IV SEC D LN 1 - THE FOUNDATION PROVIDES THESE DOCUMENTS ON A TIMELY BASIS WHEN POSSIBLE. IN A YEAR WHERE FORM 990 IS EXTENDED, THE FORM IS PROVIDED AS SOON AS POSSIBLE AFTER COMPLETION.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ADMINISTRATORS AND TEACHERS OF TREMONT COMMUNITY UNIT SCHOOL DISTRICT #702 SUBMIT PROGRAM REQUESTS TO THE FOUNDATION BOARD. THE BOARD REVIEWS THE MERITS OF EACH PROGRAM, THEN VOTES ON WHICH PROGRAMS TO SUPPORT FINANCIALLY. NAMES OF POTENTIAL SCHOLARSHIP RECIPIENTS ARE ALSO SUBMITTED TO THE FOUNDATION BOARD BY ADMINISTRATORS AND TEACHERS OF TREMONT COMMUNITY UNIT SCHOOL DISTRICT #702. THE BOARD REVIEWS THE PROPOSED RECIPIENTS, THEN VOTES ON WHO WILL RECEIVE SCHOLARSHIPS.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1PT II, LINE 1 - ELEVEN PROJECTS AT THE TREMONT GRADE SCHOOL, MIDDLE SCHOOL AND HIGH SCHOOL WERE SUPPORTED BY TEF, AS VOTED ON BY MEMBERS OF THE BOARD.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1STATE FARM
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SEE PART V
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt017120
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1265
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INVESTMENT INCOME EARNED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1INSURANCE PURCHASED
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0LUKE PORRITT (DIRECTOR) IS THE FOUNDATION'S EDWARD JONES INVESTMENT AGENT.
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt1JASON GAREY (SPOUSE OF DIRECTOR MICHELE GAREY) IS THE FOUNDATION'S STATE FARM INSURANCE AGENT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0PT IV LN 1
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc1PT IV LN 2
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTANT; THE BOARD TREASURER REVIEWS THE FORM PRIOR TO SIGNATURE AND FILING; THE FORM IS AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OF THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BY MEMBERS OF THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TREMONT CUSD #702
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0376004705
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170b1Av
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0530147
IRS990/TotalAssetsGrp/BOYAmt0565433
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IRS990/TotalContributionsAmt022187
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0876
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt044798
IRS990/TotalFunctionalExpensesGrp/TotalAmt045674
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0530147
IRS990/TotalProgramServiceExpensesAmt044798
IRS990/TotalRevenueGrp/ExclusionAmt017138
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt039325
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0565433
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0530147
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 WEST PEARL
IRS990/USAddress/CityNm0TREMONT
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061568
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSH DICKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03099252121
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TREMONT EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TREM
ReturnHeader/Filer/EIN0371296130
ReturnHeader/Filer/PhoneNum03099252121
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ReturnHeader/Filer/USAddress/ZIPCd061568
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOCH CONSULTANTS LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011770 MILLER RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TREMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061568
ReturnHeader/PreparerPersonGrp/PhoneNum03092673796
ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHAN D KOCH
ReturnHeader/ReturnTs02016-07-14T13:57:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$530,147
Liabilities
$0
Net assets
$530,147
Revenue
$39,325
Expenses
$45,674
Net income
-$6,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$0.00$8.59$1.98$0.71$1.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.54$0.00$6.54$0.58$0.45$1.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.49$0.00$7.49$0.62$0.31$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.17$0.00$7.17$1.33$0.33$0.99
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.74$0.00$5.74$0.40$0.11$0.29
2015Detailed filing. Detailed filing data is available for this year.$5.30$0.00$5.30$0.39$0.46$0.06
2014Detailed filing. Detailed filing data is available for this year.$5.65$0.00$5.65$0.52$0.07$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.44$0.00$5.44$0.14