Civic Intelligence

IVC Educational Foundation

990 • Fiscal year 2024 • EIN 37-1304997

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 21, 2025

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

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

70th percentile

15%

Faster asset growth than 70% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

62%

Faster revenue growth than 85% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$816,134

Up $104,425 (+15%) from 2023

Net Assets

Up

$816,134

Up $104,425 (+15%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin85th percentile

Revenue

Up

$61,553

Up $23,615 (+62%) from 2023

Expenses

Down

$37,724

Down $40,305 (-52%) from 2023

Net Income

Up

$23,829

Up $63,920 (+159%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2024

Assets$816,134
Liabilities$0
Net Assets$816,134
Open 2024 Filing

Operations Trend

Revenue Growth85th 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

2024

Revenue$61,553
Expenses$37,724
Net Income$23,829
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 21, 2025
Return Version
2023v6.0
Gross Receipts
$80,087
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$660,165$757,880▲ $97,715
Cash and Non-Interest-Bearing Accounts$51,544$58,254▲ $6,710
Total Assets$711,709$816,134▲ $104,425
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$711,709$816,134▲ $104,425
Total Net Assets Fund Balance$711,709$816,134▲ $104,425
Total Liabilities and Net Assets / Fund Balance$711,709$816,134▲ $104,425
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$33,599
Program Service Revenue
$0
Investment Income
$17,119
Other Revenue
$10,835
All Other Contributions
$33,599
Change in Net Assets
$23,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$36,602
Other Expenses$1,122
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$36,602--$36,602
Fees for Services Accounting-$560-$560
Office Expenses-$422-$422
Fees for Services Other-$140-$140
Total Functional Expenses$36,602$1,122$0$37,724
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,369
Fundraising Direct Expenses$18,534
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$29,369$29,369$18,534$10,835
Total Events$29,369$29,369$18,534$10,835
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
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

“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
2025-01-21
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
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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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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IRS990/TotalAssetsEOYAmt0816134
IRS990/TotalAssetsGrp/BOYAmt0711709
IRS990/TotalAssetsGrp/EOYAmt0816134
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt033599
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01122
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036602
IRS990/TotalFunctionalExpensesGrp/TotalAmt037724
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0816134
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt036602
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt027954
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt061553
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0711709
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0816134
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM BUSSARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03092745418
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IVC EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IVCE
ReturnHeader/Filer/EIN0371304997
ReturnHeader/Filer/USAddress/AddressLine1Txt01300 W SYCAMORE ST
ReturnHeader/Filer/USAddress/CityNm0CHILLICOTHE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061523
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272509623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Phillips Salmi & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0108 N Main St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Washington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061571
ReturnHeader/PreparerPersonGrp/PhoneNum03094444909
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lori Salmi
ReturnHeader/ReturnTs02025-01-23T17:19:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$816,134
Liabilities
$0
Net assets
$816,134
Revenue
$61,553
Expenses
$37,724
Net income
$23,829
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.16$0.00$8.16$0.62$0.38$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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