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Wethersfield School Academic Foundation FY2021 filing

Tax-deductible

Kewanee, IL501(c)(3)EducationEIN 26-2801522Revenue $66K in FY2021

On file with the IRS439 Willard St, 61443-3717 · Kewanee, ILTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.0 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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66K
Spent
$81K
To programs
99%
Net assets
$387K
By yearFY2021–FY2025
Revenue
$66K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$66K
FY2022$157K
FY2023$114K
FY2024$53K
FY2025$44K
Expenses
$81K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$81K
FY2022$68K
FY2023$34K
FY2024$46K
FY2025$34K
Net assets
$387K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$387K
FY2022$476K
FY2023$556K
FY2024$563K
FY2025$573K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

99 cents of each dollar spent went to programs.

Program services 99% · $80K Management & general 1% · $450

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Shane Kazubowski
Assist Vice
$0Pt VII · Sec A
Jon Looney
President
$0Pt VII · Sec A
Cara Nelson
Vice Preside
$0Pt VII · Sec A
Angie Ryan
Secretary
$0Pt VII · Sec A
Melissa Smith
Treasurer
$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.

Questions for Wethersfield School Academic Foundation

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Provided by the organization

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1 program · $80K · in their own filed words · FY2020
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.

$80Kprogram expense

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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$66K
Ln 12
Gifts and grantsLn 1h$53K
Investment incomeLn 3$14K
Money outPt IX
$81K
Ln 25
Programscol B$80K
Managementcol C$450
Owns and owesPt X
$387K
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$387K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Investment incomeLn 3$14K
Gains on assetsLn 7$976
Total revenueLn 12$66K
Assets in detailPt X, end of year
SavingsLn 2$95K
Cash and savings togetherLn 1–2$95K
InvestmentsLn 11–13$292K
Total assetsLn 16$387K
LiabilitiesLn 26$0
Net assetsLn 32$387K
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 FY21End FY21
Cash and savingsLn 1–2$109K$95K
InvestmentsLn 11–13$293K$292K
Total assetsLn 16$401K$387K
LiabilitiesLn 26$0$0
Net assetsLn 32$401K$387K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$80K$80K
Accounting feesLn 11c$425$425
Other expenses (24a–d)Ln 24$25$25
Total functional expensesLn 25$81K$80K$450$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $66,045 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,272$52,526
I-9 Program service revenue$0
I-10 Investment incomePrior year $12,426$13,519
I-11 Other revenuePrior year $1,433$0
I-12 Total revenuePrior year $86,131$66,045
I-13 Grants and similar amounts paidPrior year $76,372$80,498
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $484$450
I-18 Total expensesPrior year $76,856$80,948
I-19 Revenue less expensesPrior year $9,275−$14,903
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $66,045 across 5 lines filed
VIII-1f All other contributions, gifts and grants$52,526
VIII-1h Total contributions, gifts and grants$52,526
VIII-3 Investment incomeExcluded from tax $12,543$12,543
VIII-7 Net gain or loss on sales of assetsExcluded from tax $976$976
VIII-12 Total revenueExcluded from tax $13,519$66,045
Part IX · Statement of functional expenses $80,948 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $80,498$80,498
IX-11c Accounting feesManagement $425$425
IX-24 Other expenses (24a–d)Management $25$25
IX-25 Total functional expensesPrograms $80,498 · Management $450 · Fundraising $0$80,948
Part X · Balance sheet $386,542 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $108,853$94,512
X-11 Publicly traded securitiesStart of year $292,592$292,030
X-16 Total assetsStart of year $401,445$386,542
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $401,445$386,542
X-32 Total net assets or fund balancesStart of year $401,445$386,542
X-33 Total liabilities and net assetsStart of year $401,445$386,542
Part XI · Reconciliation of net assets $386,542 net assets at year end
XI-1 Total revenue$66,045
XI-2 Total expenses$80,948
XI-3 Revenue less expenses−$14,903
XI-4 Net assets at start of year$401,445
XI-10 Net assets at end of year$386,542

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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