Civic Intelligence

IVC Educational Foundation

990 • Fiscal year 2023 • EIN 37-1304997

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 15, 2024

Organization Profile
1300 W Sycamore StChillicothe, IL 61523

(309) 274-5418

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

3rd percentile

-106%

Higher net margin than 3% 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

44th percentile

1.5%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

8th percentile

-43%

Faster revenue growth than 8% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$711,709

Up $10,249 (+1.5%) from 2022

Net Assets

Up

$711,709

Up $10,249 (+1.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin3rd percentile

Revenue

Down

$37,938

Down $29,028 (-43%) from 2022

Expenses

Up

$78,029

Up $50,092 (+179%) from 2022

Net Income

Down

-$40,091

Down $79,120 (-203%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$1.0M$500K$0Assets 2021: $770,849Liabilities 2021: $0Net Assets 2021: $770,8492021Assets 2022: $701,460Liabilities 2022: $0Net Assets 2022: $701,4602022Assets 2023: $711,709Liabilities 2023: $0Net Assets 2023: $711,7092023Assets 2024: $816,134Liabilities 2024: $0Net Assets 2024: $816,1342024

Highlighted filing

2023

Assets$711,709
Liabilities$0
Net Assets$711,709
Open 2023 Filing

Operations Trend

Revenue Growth8th percentile

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

$100K$50K$0-$50KRevenue 2021: $58,165Expenses 2021: $18,440Net Income 2021: $39,7252021Revenue 2022: $66,966Expenses 2022: $27,937Net Income 2022: $39,0292022Revenue 2023: $37,938Expenses 2023: $78,029Net Income 2023: -$40,0912023Revenue 2024: $61,553Expenses 2024: $37,724Net Income 2024: $23,8292024

Highlighted filing

2023

Revenue$37,938
Expenses$78,029
Net Income-$40,091
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 15, 2024
Return Version
2022v5.0
Gross Receipts
$61,849
Mission and Program Overview

Mission

The ivc educational foundation connects with educators to identify the essential needs at south, mossville, cec and ivc high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$596,280$660,165▲ $63,885
Cash and Non-Interest-Bearing Accounts$105,180$51,544▼ $53,636
Total Assets$701,460$711,709▲ $10,249
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$701,460$711,709▲ $10,249
Total Net Assets Fund Balance$701,460$711,709▲ $10,249
Total Liabilities and Net Assets / Fund Balance$701,460$711,709▲ $10,249
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Andy RuhlandChair
Abby AultTrustee
Ashley HettelleTrustee
Brent CranfordTrustee
Chad AllisonTrustee
Josh LingenfelterTrustee
Ken HillTrustee
Kris NelsonTrustee
Kylie MillikenTrustee
Laura CampagnaTrustee
Michael LabedaTrustee
Brooke GeltmakerSecretary
Adam BussardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,849
Program Service Revenue
$0
Investment Income
$13,545
Other Revenue
$6,544
All Other Contributions
$17,849
Change in Net Assets
$-40,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$76,072
Other Expenses$1,957
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$50,000--$50,000
Grants to Domestic Individuals$26,072--$26,072
Fees for Services Accounting-$1,000-$1,000
Fees for Services Other-$687-$687
Office Expenses-$270-$270
Total Functional Expenses$76,072$1,957$0$78,029
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Illinois Valley Central School DistChillicothe, ILSchool DistrictSchool Science Lab$50,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,455
Fundraising Direct Expenses$23,911
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$30,455$30,455$23,911$6,544
Total Events$30,455$30,455$23,911$6,544
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
Backup withholding compliance
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
Yes
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

“No review was conducted or will be conducted”

Governing documents etc available to public Part VI line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Ivc Educational Foundation
EIN
37-1304997
Address
1300 W SYCAMORE ST, CHILLICOTHE, IL 61523

Signing Officer

Name
Adam Bussard
Title
Treasurer
Phone
3092745418
Signed
2024-01-15
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Phillips Salmi & Associates LLC
Address
108 N Main St, Washington, IL 61571
Preparer
Lori Salmi
Phone
3094444909
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Washington
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lori Salmi
ReturnHeader/ReturnTs02024-01-18T16:50:16-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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
$711,709
Liabilities
$0
Net assets
$711,709
Revenue
$37,938
Expenses
$78,029
Net income
-$40,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.16$0.00$8.16$0.62$0.38$0.24
2023Detailed filing. Detailed filing data is available for this year.$7.12$0.00$7.12$0.38$0.78$0.40
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.01$0.00$7.01$0.67$0.28$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.71$0.00$7.71$0.58$0.18$0.40