Civic Intelligence

Liberty Education Foundation

990 • Fiscal year 2022 • EIN 37-1351472

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

Organization Profile
1002 North Main StreetLiberty, IL 62347-0196

(217) 645-3434

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

56th percentile

5.2%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

15th percentile

-36%

Faster revenue growth than 15% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$378,145

Up $18,675 (+5.2%) from 2021

Net Assets

Up

$378,145

Up $18,675 (+5.2%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin85th percentile

Revenue

Down

$46,606

Down $26,628 (-36%) from 2021

Expenses

Down

$27,931

Down $18,329 (-40%) from 2021

Net Income

Down

$18,675

Down $8,299 (-31%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$400K$300K$200K$100K$0Assets 2011: $126,137Liabilities 2011: $0Net Assets 2011: $126,1372011Assets 2012: $110,080Liabilities 2012: $0Net Assets 2012: $110,0802012Assets 2013: $120,796Liabilities 2013: $0Net Assets 2013: $120,7962013Assets 2014: $154,427Liabilities 2014: $0Net Assets 2014: $154,4272014Assets 2015: $167,043Liabilities 2015: $0Net Assets 2015: $167,0432015Assets 2016: $173,048Liabilities 2016: $0Net Assets 2016: $173,0482016Assets 2017: $275,701Liabilities 2017: $0Net Assets 2017: $275,7012017Assets 2018: $310,763Liabilities 2018: $0Net Assets 2018: $310,7632018Assets 2019: $299,177Liabilities 2019: $0Net Assets 2019: $299,1772019Assets 2020: $332,496Liabilities 2020: $0Net Assets 2020: $332,4962020Assets 2021: $359,470Liabilities 2021: $0Net Assets 2021: $359,4702021Assets 2022: $378,145Liabilities 2022: $0Net Assets 2022: $378,1452022Assets 2023: $393,751Liabilities 2023: $0Net Assets 2023: $393,7512023Assets 2024: $399,761Liabilities 2024: $0Net Assets 2024: $399,7612024

Highlighted filing

2022

Assets$378,145
Liabilities$0
Net Assets$378,145
Open 2022 Filing

Operations Trend

Revenue Growth15th percentile

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

$150K$100K$50K$0-$50KExpenses 2011: $9,4092011Expenses 2012: $46,1802012Expenses 2013: $13,1882013Revenue 2014: $48,000Expenses 2014: $14,369Net Income 2014: $33,6312014Revenue 2015: $22,554Expenses 2015: $9,938Net Income 2015: $12,6162015Revenue 2016: $22,962Expenses 2016: $16,957Net Income 2016: $6,0052016Revenue 2017: $111,982Expenses 2017: $9,329Net Income 2017: $102,6532017Revenue 2018: $80,758Expenses 2018: $45,696Net Income 2018: $35,0622018Revenue 2019: $42,639Expenses 2019: $54,225Net Income 2019: -$11,5862019Revenue 2020: $85,400Expenses 2020: $52,081Net Income 2020: $33,3192020Revenue 2021: $73,234Expenses 2021: $46,260Net Income 2021: $26,9742021Revenue 2022: $46,606Expenses 2022: $27,931Net Income 2022: $18,6752022Revenue 2023: $35,745Expenses 2023: $18,612Net Income 2023: $17,1332023Revenue 2024: $26,153Expenses 2024: $23,266Net Income 2024: $2,8872024

Highlighted filing

2022

Revenue$46,606
Expenses$27,931
Net Income$18,675
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.2
Gross Receipts
$46,606
Mission and Program Overview

Mission

The foundation provides monetary grants to liberty community school district unit 2

The foundation gives monetary grants to liberty communtiy school district 2 to enhance the educational opportunities of students and teacher

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$359,470$378,145▲ $18,675
Savings and Temporary Cash Investments$358,338$376,163▲ $17,825
Cash and Non-Interest-Bearing Accounts$1,132$1,982▲ $850
Total Assets$359,470$378,145▲ $18,675
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$359,470$378,145▲ $18,675
Total Liabilities and Net Assets / Fund Balance$359,470$378,145▲ $18,675
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Ramona SchoonoverPresident
Jody ObertVice President/secretary
Alexis OrmondDirector
Jeannie MartinDirector
Julia PoulterDirector
Justin EdgarDirector
Kelle BunchDirector
Rod BarryDirector
Stacy ClarkDirector
Steve BuyckDirector
Mark FieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,852
Program Service Revenue
$0
Investment Income
$2,754
Other Revenue
$0
All Other Contributions
$30,821
Change in Net Assets
$18,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,796--$2,796
Office Expenses-$2,365-$2,365
Total Functional Expenses$25,566$2,365$0$27,931
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$8,196$8,196$2,806$5,390
Fiesta Supper$1,431$1,431-$1,431
Total Events$97,778$97,778$84,747$13,031
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
Annual disclosure for covered persons
No
Backup withholding compliance
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

Part VI, Section A, Line 6

“Any individual who makes a contribution to the foundation becomes a member of the foundation.”

PART VI, SECTION A, LINE 7A

“Any member of the foundation may nominate any other member for the board of directors when a vacancy on the board exists. However, whenever an officer or director retires or resigns and there is no member nominated by any other member, the vacancy is filled by an election of the remaining borad of directors.”

PART VI, SECTION A, LINE 8A

“The secetary keeps a written record of the boards actions and then presents those minutes at the next board meeting.”

PART VI, SECTION A, LINE 8B

“Each committe keeps a written record of their actions and the minutes of that meeting is presented to the full board of directors for their review and approval.”

Part VI, Section B, Line 11

“Form 990 is e-filed by foundation s tax preparer and once accepted by the irs, copies of form 990 along with financial statements are provided each officer and member of the board of directors.”

Part VI, Section C, Line 19

“All documents and records are made available upon written request to anyone who has made a contribution to the foundation or to anyone who wishes to make a donation to the foundation.”

Filing and Contact Details

Filer

Filer Name
Liberty Education Foundation
EIN
37-1351472
Phone
2176453434
Address
1002 NORTH MAIN STREET, LIBERTY, IL 62347-0196

Signing Officer

Name
Ramona Schoonover
Title
President
Phone
2176453434
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ramona Sch00nover
Formed
1995
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Teresa L Graff CPA
Address
325 SOUTH 8TH STREET SUITE B, QUINCY, IL 62301-4159
Preparer
Jay D Graff CPA
Phone
2172227400
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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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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt081391
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt084197
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02806
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/LicensedInd0false
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0LIBERTY EDUCATION FOUNDATION HAD NO PAID OFFICERS OR EMPLOYEES FOR THE YEAR ENDING JUNE 30, 2022.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY INDIVIDUAL WHO MAKES A CONTRIBUTION TO THE FOUNDATION BECOMES A MEMBER OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY MEMBER OF THE FOUNDATION MAY NOMINATE ANY OTHER MEMBER FOR THE BOARD OF DIRECTORS WHEN A VACANCY ON THE BOARD EXISTS. HOWEVER, WHENEVER AN OFFICER OR DIRECTOR RETIRES OR RESIGNS AND THERE IS NO MEMBER NOMINATED BY ANY OTHER MEMBER, THE VACANCY IS FILLED BY AN ELECTION OF THE REMAINING BORAD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SECETARY KEEPS A WRITTEN RECORD OF THE BOARDS ACTIONS AND THEN PRESENTS THOSE MINUTES AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH COMMITTE KEEPS A WRITTEN RECORD OF THEIR ACTIONS AND THE MINUTES OF THAT MEETING IS PRESENTED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS E-FILED BY FOUNDATION S TAX PREPARER AND ONCE ACCEPTED BY THE IRS, COPIES OF FORM 990 ALONG WITH FINANCIAL STATEMENTS ARE PROVIDED EACH OFFICER AND MEMBER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS AND RECORDS ARE MADE AVAILABLE UPON WRITTEN REQUEST TO ANYONE WHO HAS MADE A CONTRIBUTION TO THE FOUNDATION OR TO ANYONE WHO WISHES TO MAKE A DONATION TO THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION A, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION A, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0359470
IRS990/TotalAssetsEOYAmt0378145
IRS990/TotalAssetsGrp/BOYAmt0359470
IRS990/TotalAssetsGrp/EOYAmt0378145
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt043852
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02365
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025566
IRS990/TotalFunctionalExpensesGrp/TotalAmt027931
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0359470
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0378145
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02754
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt046606
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0359470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0378145
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01927 NORTH 1050TH AVENUE
IRS990/USAddress/CityNm0LIBERTY
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0623473409
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAMONA SCHOONOVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02176453434
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIBERTY EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LIBE
ReturnHeader/Filer/EIN0371351472
ReturnHeader/Filer/PhoneNum02176453434
ReturnHeader/Filer/USAddress/AddressLine1Txt01002 NORTH MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0LIBERTY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0623470196
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202748463
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TERESA L GRAFF CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 SOUTH 8TH STREET SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUINCY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0623014159
ReturnHeader/PreparerPersonGrp/PhoneNum02172227400
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY D GRAFF CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-05-13T13:57:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAMONA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHOONOVER
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$378,145
Liabilities
$0
Net assets
$378,145
Revenue
$46,606
Expenses
$27,931
Net income
$18,675
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$0.00$4.00$0.26$0.23$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.94$0.00$3.94$0.36$0.19$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.78$0.00$3.78$0.47$0.28$0.19
2021Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.59$0.73$0.46$0.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.00$3.32$0.85$0.52$0.33
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.00$2.99$0.43$0.54$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$0.00$3.11$0.81$0.46$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.76$0.00$2.76$1.12$0.09$1.03
2016Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.23$0.17$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.23$0.10$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.48$0.14$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.00$1.21$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.26$0.09