River Bend Educational Foundation FY2022 filing

Tax-deductible

Fulton, IL501(c)(3)EducationEIN 36-3428777

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Enhance programs of local k-12 public schools.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
5 of 6
filings with a surplus
Average surplus $23K a year · 21% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
-1% vs prior year
Spent
$64K
To programs
100%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$74K
FY2022▼ -1%
Revenue by fiscal year
FY2020$85K
FY2021$75K
FY2022$74K
FY2023$86K
FY2024$213K
FY2025$119K
Expenses
$64K
FY2022▼ -15%
Expenses by fiscal year
FY2020$66K
FY2021$75K
FY2022$64K
FY2023$70K
FY2024$112K
FY2025$128K
Net assets
$1.1M
FY2022▼ -9%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.2M
FY2022$1.1M
FY2023$1.2M
FY2024$1.4M
FY2025$1.6M

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $64K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See River Bend Educational 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

Improves local K-12 public school programs.

Provided by the organization

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3 programs · $64K · in their own filed words · FY2021
01

Scholarship awards to graduating high school seniors, academic awards to students in grades 9-12.

$29Kprogram expense
02

Enhancement grants for various projects supporting literacy, fine arts, stem skills, classroom technology and career exploration for k-12 students in the river bend CUSD2.

$26Kprogram expense
03

Reimbursement grants to faculty members for continuing education and training designed to enhance teaching skills and methods in the classroom impacting the entire k-12 student population.

$8Kprogram 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
Total grants receivedfrom 1 funder$24K
Grants paid · 2 grants · $80K · 2023–2024
Unitemized GrantFY2024$47,800
Unitemized GrantFY2023$32,400

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$74K
Ln 12
Gifts and grantsLn 1h$53K
Investment incomeLn 3$20K
Money outPt IX
$64K
Ln 25
Programscol B$64K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Investment incomeLn 3$20K
Total revenueLn 12$74K
Assets in detailPt X, end of year
CashLn 1$111K
Cash and savings togetherLn 1–2$111K
InvestmentsLn 11–13$1.0M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$100K$111K
InvestmentsLn 11–13$1.1M$1.0M
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$64K$64K
Total functional expensesLn 25$64K$64K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $119K$128K−$9K$1.6M 990 PDF
FY2024 $213K$112K$101K$1.4M 990 PDF
FY2023 $86K$70K$16K$1.2M 990 PDF
FY2022 Viewing $74K$64K$10K$1.1M 990 PDF
FY2021 $75K$75K$378$1.2M 990 PDF
FY2020 $85K$66K$19K$1.0M 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 FY2022 990 (5 parts)
Part I · Summary $73,792 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,507$53,408
I-9 Program service revenue$0
I-10 Investment incomePrior year $20,376$20,384
I-11 Other revenue$0
I-12 Total revenuePrior year $74,883$73,792
I-13 Grants and similar amounts paidPrior year $74,505$63,593
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expensesPrior year $74,505$63,593
I-19 Revenue less expensesPrior year $378$10,199
Part VIII · Statement of revenue $73,792 across 4 lines filed
VIII-1f All other contributions, gifts and grants$53,408
VIII-1h Total contributions, gifts and grants$53,408
VIII-3 Investment incomeExcluded from tax $20,384$20,384
VIII-12 Total revenueExcluded from tax $20,384$73,792
Part IX · Statement of functional expenses $63,593 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $63,593$63,593
IX-25 Total functional expensesPrograms $63,593 · Management $0 · Fundraising $0$63,593
Part X · Balance sheet $1,114,682 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $100,336$110,535
X-11 Publicly traded securitiesStart of year $1,126,218$1,004,147
X-16 Total assetsStart of year $1,226,554$1,114,682
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,174,484$1,062,612
X-28 Net assets with donor restrictionsStart of year $52,070$52,070
X-32 Total net assets or fund balancesStart of year $1,226,554$1,114,682
X-33 Total liabilities and net assetsStart of year $1,226,554$1,114,682
Part XI · Reconciliation of net assets $1,114,682 net assets at year end
XI-1 Total revenue$73,792
XI-2 Total expenses$63,593
XI-3 Revenue less expenses$10,199
XI-4 Net assets at start of year$1,226,554
XI-9 Other changes in net assets−$122,071
XI-10 Net assets at end of year$1,114,682

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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