Civic Intelligence

Tremont Education Foundation

990 • Fiscal year 2023 • EIN 37-1296130

Jan 01, 2023 to Dec 31, 2023 • Filed on May 07, 2024

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

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

89th percentile

45%

Higher net margin than 89% 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

62nd percentile

9.2%

Faster asset growth than 62% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

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

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$714,355

Up $60,250 (+9.2%) from 2022

Net Assets

Up

$714,355

Up $60,250 (+9.2%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin89th percentile

Revenue

Up

$103,933

Up $161,982 (+279%) from 2022

Expenses

Up

$56,772

Up $11,998 (+27%) from 2022

Net Income

Up

$47,161

Up $149,984 (+146%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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 2023: $714,355Liabilities 2023: $0Net Assets 2023: $714,3552023Assets 2024: $859,103Liabilities 2024: $0Net Assets 2024: $859,1032024

Highlighted filing

2023

Assets$714,355
Liabilities$0
Net Assets$714,355
Open 2023 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 2023: $103,933Expenses 2023: $56,772Net Income 2023: $47,1612023Revenue 2024: $198,446Expenses 2024: $71,347Net Income 2024: $127,0992024

Highlighted filing

2023

Revenue$103,933
Expenses$56,772
Net Income$47,161
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 7, 2024
Return Version
2023v5.0
Gross Receipts
$103,933
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$654,105$714,355▲ $60,250
Savings and Temporary Cash Investments$353,463$398,723▲ $45,260
Total Assets$654,105$714,355▲ $60,250
Other Assets Total$300,642$315,632▲ $14,990
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$654,105$714,355▲ $60,250
Total Liabilities and Net Assets / Fund Balance$654,105$714,355▲ $60,250

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$315,632--
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$88,294
Program Service Revenue
$0
Investment Income
$15,639
Other Revenue
$0
All Other Contributions
$88,294
Change in Net Assets
$47,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$37,754
Other Expenses$19,018
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,254--$26,254
Other Expenses$17,961--$17,961
Grants to Domestic Individuals$11,500--$11,500
Fees for Services Accounting-$750-$750
Insurance-$265-$265
Office Expenses-$42-$42
Total Functional Expenses$55,715$1,057$0$56,772
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tremont Cusd 702Tremont, IL170b1avSee Part Iv$26,254
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
2024-05-07
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 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 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/SupplementalInformationDetail/ExplanationTxt0SCHED R, PART II, LINE 1 - AS PER THE FOUNDATIONS PRIMARY PURPOSE STATEMENT, THE FOUNDATION IS FORMED TO FINANCIALY 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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$714,355
Liabilities
$0
Net assets
$714,355
Revenue
$103,933
Expenses
$56,772
Net income
$47,161
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
2023Detailed filing. Detailed filing data is available for this year.$7.14$0.00$7.14$1.04$0.57$0.47
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