Civic Intelligence

Tremont Education Foundation

990 • Fiscal year 2016 • EIN 37-1296130

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 09, 2017

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

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

96th percentile

73%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

66th percentile

8.3%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

46th percentile

1.2%

Faster revenue growth than 46% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$574,343

Up $44,196 (+8.3%) from 2015

Net Assets

Up

$574,343

Up $44,196 (+8.3%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin96th percentile

Revenue

Up

$39,793

Up $468 (+1.2%) from 2015

Expenses

Down

$10,936

Down $34,738 (-76%) from 2015

Net Income

Up

$28,857

Up $35,206 (+555%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2016

Assets$574,343
Liabilities$0
Net Assets$574,343
Open 2016 Filing

Operations Trend

Revenue Growth46th 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

2016

Revenue$39,793
Expenses$10,936
Net Income$28,857
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 9, 2017
Return Version
2016v3.0
Gross Receipts
$39,793
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

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$530,147$574,343▲ $44,196
Investments in Publicly Traded Securities$312,165$328,972▲ $16,807
Savings and Temporary Cash Investments$217,982$245,371▲ $27,389
Total Assets$530,147$574,343▲ $44,196
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$530,147$574,343▲ $44,196
Total Liabilities and Net Assets / Fund Balance$530,147$574,343▲ $44,196
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Kevin UlrichPresident
Jeff LeberVice-president
Elizabeth BakerDirector
Frank MccloudDirector
Joyce MadsenDirector
Julie LargentDirector
Ken GibsonDirector
Michelle GareyDirector
Tim BarrowDirector
Jeff HinmanEx Officio
Bev HerrinSecretary
Josh DickeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,724
Program Service Revenue
$0
Investment Income
$18,069
Other Revenue
$0
All Other Contributions
$21,724
Change in Net Assets
$28,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,000
Other Expenses$936
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$10,000--$10,000
Fees for Services Accounting$0$525$0$525
Insurance$0$265$0$265
Office Expenses$0$146$0$146
Total Functional Expenses$10,000$936$0$10,936
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 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
2017-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Ulrich
Formed
1992
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

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.”

Pt VI, Line 19

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

Pt VI, Line 15A

“The foundation currently does not have any employees, but plans to follow appropriate practices if employees are ever hired.”

Pt VI, Line 15B

“The foundation currently does not have any employees, but plans to follow appropriate practices if employees are ever hired.”

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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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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.
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IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt1FAMILY OF BOARD DIRECTOR
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0SCHOLARSHIP
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt1SCHOLARSHIP
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SPOUSE OF BOARD DIRECTOR IS THE FOUNDATION'S STATE FARM INSURANCE AGENT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0PT IV LN 1
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTANT; THE BOARD TREASURER REVIEWS THE FORM PRIOR TO SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OF THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BY MEMBERS OF THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION CURRENTLY DOES NOT HAVE ANY EMPLOYEES, BUT PLANS TO FOLLOW APPROPRIATE PRACTICES IF EMPLOYEES ARE EVER HIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION CURRENTLY DOES NOT HAVE ANY EMPLOYEES, BUT PLANS TO FOLLOW APPROPRIATE PRACTICES IF EMPLOYEES ARE EVER HIRED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TREMONT CUSD #702
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0376004705
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170b1Av
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TREMONT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd061568
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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/SupplementalInformationDetail/ExplanationTxt0AS PER THE FOUNDATION'S PRIMARY PURPOSE STATEMENT, THE FOUNDATION IS FORMED TO FINANCIALLY SUPPORT EDUCATIONAL PROGRAMS THAT ARE INNOVATIVE AND/OR COMPLEMENT, ENRICH OR ENHANCE EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS IN TREMONT SCHOOL DISTRICT 702. AS PER THE FOUNDATION'S BYLAWS, ONE DIRECTOR ON THE FOUNDATION BOARD SHALL BE A CURRENTLY SEATED MEMBER OF TREMONT SCHOOL DISTRICT 702'S BOARD OF EDUCATION.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 1
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0574343
IRS990/TotalAssetsGrp/BOYAmt0530147
IRS990/TotalAssetsGrp/EOYAmt0574343
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0936
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010000
IRS990/TotalFunctionalExpensesGrp/TotalAmt010936
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0530147
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0574343
IRS990/TotalProgramServiceExpensesAmt010000
IRS990/TotalRevenueGrp/ExclusionAmt018069
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt039793
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0530147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0574343
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSH DICKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03099252121
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TREMONT EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TREM
ReturnHeader/Filer/EIN0371296130
ReturnHeader/Filer/PhoneNum03099252121
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 WEST PEARL
ReturnHeader/Filer/USAddress/CityNm0TREMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061568
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B42766E6B502F983B1470F698386271A277071F4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B42766E6B502F983B1470F698386271A277071F4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.163.101.240
ReturnHeader/FilingSecurityInformation/IPDt02017-06-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:33:04
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/PreparationDt02017-06-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHAN D KOCH
ReturnHeader/ReturnTs02017-06-09T11:33:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$574,343
Liabilities
$0
Net assets
$574,343
Revenue
$39,793
Expenses
$10,936
Net income
$28,857
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
2016Detailed filing. Detailed filing data is available for this year.$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