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Wethersfield School Academic Foundation

Tax-deductible

Kewanee, IL501(c)(3)EducationEIN 26-2801522

The foundation is designed to enhance the educational opportunities within wethersfield community unit school district no 230.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $34K a year · 40% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
44 mo
of spending, in cash
Looks good: 43.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44K
-16% vs prior year
Spent
$34K
To programs
92%
Net assets
$573K
By yearFY2021–FY2025
Revenue
$44K
FY2025▼ -16%
Revenue by fiscal year
FY2021$66K
FY2022$157K
FY2023$114K
FY2024$53K
FY2025$44K
Expenses
$34K
FY2025▼ -26%
Expenses by fiscal year
FY2021$81K
FY2022$68K
FY2023$34K
FY2024$46K
FY2025$34K
Net assets
$573K
FY2025▲ +2%
Net assets by fiscal year
FY2021$387K
FY2022$476K
FY2023$556K
FY2024$563K
FY2025$573K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2012-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $31K Management & general 5% · $2K Fundraising 3% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Jon Looney
President
$0Pt VII · Sec A
Angie Ryan
Secretary
$0Pt VII · Sec A
Melissa Smith
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wethersfield School Academic Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhances educational opportunities for students in Wethersfield Community Unit School District.

Provided by the organization

This section is blank until Wethersfield School Academic Foundation claims this page.

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1 program service account for $31K of program spending, described in the organization's own filed words · FY2024.
01

The primary purpose of the foundation is to issue grants and scholarships to and for the benefit of wethersfield community unit school district no 230.

$31Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Quad Cities Community FoundationFY2024$13K
Total grants receivedfrom 1 funder$13K
Grants paid · 5 grants · $258K · 2020–2024
Wethersfield Cusd 230FY2024$31,393
Wethersfield Cusd 230FY2023$46,000
Wethersfield Cusd 230FY2022$33,031
Wethersfield Cusd 230FY2021$67,500
Wethersfield Cusd 230FY2020$80,498

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$44K
Ln 12
Gifts and grantsLn 1h$23K
Investment incomeLn 3$22K
Money outPt IX
$34K
Ln 25
Programscol B$31K
Managementcol C$2K
Fundraisingcol D$1K
Owns and owesPt X
$573K
net assets · Ln 32
Cash and savingsLn 1–2$124K
Total assetsLn 16$573K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Investment incomeLn 3$22K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$124K
Cash and savings togetherLn 1–2$124K
InvestmentsLn 11–13$449K
Total assetsLn 16$573K
LiabilitiesLn 26$0
Net assetsLn 32$573K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$197K$124K
InvestmentsLn 11–13$366K$449K
Total assetsLn 16$563K$573K
LiabilitiesLn 26$0$0
Net assetsLn 32$563K$573K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$31K$31K
Accounting feesLn 11c$1K$1K
Conferences, conventions and meetingsLn 19$1K$1K
Other expenses (24a–d)Ln 24$225$225
Total functional expensesLn 25$34K$31K$2K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $44K$34K$10K$573K 990 PDF
FY2024 $53K$46K$7K$563K 990 PDF
FY2023 $114K$34K$81K$556K 990 PDF
FY2022 $157K$68K$89K$476K 990 PDF
FY2021 $66K$81K−$15K$387K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $44,451 across 4 lines filed
VIII-1f All other contributions, gifts and grants$22,705
VIII-1h Total contributions, gifts and grants$22,705
VIII-3 Investment incomeExcluded from tax $21,746$21,746
VIII-12 Total revenueExcluded from tax $21,746$44,451
Part IX · Statement of functional expenses $34,063 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $31,393$31,393
IX-11c Accounting feesManagement $1,445$1,445
IX-19 Conferences, conventions and meetingsFundraising $1,000$1,000
IX-24 Other expenses (24a–d)Management $225$225
IX-25 Total functional expensesPrograms $31,393 · Management $1,670 · Fundraising $1,000$34,063
Part X · Balance sheet $573,343 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1$1
X-2 Savings and temporary cash investmentsStart of year $197,369$124,292
X-11 Publicly traded securitiesStart of year $365,585$449,050
X-16 Total assetsStart of year $562,955$573,343
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $562,955$573,343
X-32 Total net assets or fund balancesStart of year $562,955$573,343
X-33 Total liabilities and net assetsStart of year $562,955$573,343
Part XI · Reconciliation of net assets $573,343 net assets at year end
XI-1 Total revenue$44,451
XI-2 Total expenses$34,063
XI-3 Revenue less expenses$10,388
XI-4 Net assets at start of year$562,955
XI-10 Net assets at end of year$573,343

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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