Civic Intelligence

Tremont Education Foundation

990 • Fiscal year 2022 • EIN 37-1296130

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 21, 2023

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

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

100th percentile

177%

Higher net margin than 100% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

18th percentile

-13%

Faster asset growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$654,105

Down $94,615 (-13%) from 2021

Net Assets

Down

$654,105

Down $94,615 (-13%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$58,049

Down $120,023 (-194%) from 2021

Expenses

Up

$44,774

Up $13,337 (+42%) from 2021

Net Income

Down

-$102,823

Down $133,360 (-437%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2022

Assets$654,105
Liabilities$0
Net Assets$654,105
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2022

Revenue-$58,049
Expenses$44,774
Net Income-$102,823
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 21, 2023
Return Version
2022v5.0
Gross Receipts
$645,178
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
Investments in Publicly Traded Securities$695,324--
Rtn Earn Endowment Incm Other Fnds$748,720$654,105▼ $94,615
Savings and Temporary Cash Investments$53,396$353,463▲ $300,067
Total Assets$748,720$654,105▼ $94,615
Other Assets Total-$300,642-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$748,720$654,105▼ $94,615
Total Liabilities and Net Assets / Fund Balance$748,720$654,105▼ $94,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$300,642--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Cody BeerPresident
Marygrace KaiserVice President
Lori FuossDirector
Martha OertleDirector
Mike HonanDirector
Noah LeeDirector
Rob RoppDirector
Teresa DelinskiDirector
Tim BarrowDirector
Merry SumerSecretary
Josh DickeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,316
Program Service Revenue
$0
Investment Income
$-80,365
Other Revenue
$0
All Other Contributions
$22,316
Change in Net Assets
$-102,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$43,779
Other Expenses$995
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$31,779--$31,779
Grants to Domestic Individuals$12,000--$12,000
Fees for Services Accounting-$700-$700
Insurance-$265-$265
Office Expenses-$30-$30
Total Functional Expenses$43,779$995$0$44,774
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tremont Cusd 702Tremont, IL170b1avSee Part Iv$31,779
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
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 governing body review Part VI line 11

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

Governing documents etc available to public Part VI line 19

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

Filing and Contact Details

Filer

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

Signing Officer

Name
Josh Dickey
Title
Treasurer
Phone
3099252121
Signed
2023-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cody Beer
Formed
1992
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
12

Preparer

Firm
Koch Consultants Ltd
Address
PO BOX 1400, TREMONT, IL 61568
Preparer
Nathan D Koch
Phone
3092673796
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ADMINISTRATORS AND TEACHERS OF TREMONT COMMUNITY UNIT SCHOOL DISTRICT 702 SUBMIT PROGRAM PREQUESTS 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/ExplanationTxt1SCHED I, PART II, LINE 1 - VARIOUS PROJECTS AT THE TREMONT GRADE SCHOOL, MIDDLE SCHOOL AND HIGH SCHOOL ARE SUPPORTED BY THE FOUNDATION, AS VOTED ON BY MEMBERS OF THE BOARD
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1General Explanation Attachment
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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, UPON REQUEST, 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/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TREMONT
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0SCHED R, PART II, LINE 1 - AS PER THE FOUNDATIONS 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 FOUNDATIONS BYLAWS, ONE DIRECTOR ON THE FOUNDATION BOARD SHALL BE A CURRENTLY SEATED MEMBER OF TREMONT SCHOOL DISTRICT 702S BOARD OF EDUCATION.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0General Explanation Attachment
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt043779
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0654105
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt043779
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-80365
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-58049
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0748720
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0654105
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSH DICKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03099252121
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TREMONT EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TREM
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ReturnHeader/Filer/USAddress/AddressLine1Txt0400 WEST PEARL
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOCH CONSULTANTS LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TREMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061568
ReturnHeader/PreparerPersonGrp/PhoneNum03092673796
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHAN D KOCH
ReturnHeader/ReturnTs02023-08-21T16:16:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSH
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$654,105
Liabilities
$0
Net assets
$654,105
Revenue
-$58,049
Expenses
$44,774
Net income
-$102,823
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
2022Detailed filing. Detailed filing data is available for this year.$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