Bbchs Academic Foundation Ltd FY2024 filing

Tax-deductible

Bradley, IL501(c)(3)EducationEIN 36-4098723Revenue $156K in FY2024

On file with the IRS700 W North St, 60915-1013 · Bradley, ILTax-exempt since Nov 1996Publicly supported charity — 170(b)(1)(A)(vi)

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To further the educational quality and opportunities for residents of the Bradley Bourbonnais Community High School (BBCHS) District.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$7K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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 5
filings with a surplus
Average surplus $59K a year · 47% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $227
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
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
+89% vs prior year
Spent
$64K
To programs
78%
Net assets
$954K
By yearFY2021–FY2025
Revenue
$156K
FY2024▲ +89%
Tap a bar for its year
Revenue by fiscal year
FY2021$86K
FY2022$168K
FY2023$83K
FY2024$156K
FY2025$135K
Expenses
$64K
FY2024▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2021$43K
FY2022$45K
FY2023$80K
FY2024$64K
FY2025$102K
Net assets
$954K
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2021$779K
FY2022$738K
FY2023$790K
FY2024$954K
FY2025$1.0M

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1996.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $50K Management & general 22% · $14K

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

18 people listed on the 990; $7K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$7,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Laurie Blake’s $7K as Executive Director is at the 6th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Laurie Blake$7,000$6,500$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bbchs Academic Foundation Ltd 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 educational quality and opportunities for students in the BBCHS District.

Questions for Bbchs Academic Foundation Ltd

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Provided by the organization

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3 programs · $50K · in their own filed words · FY2023
01

Acdemic support of BBCHS Programs and students.

$21Kprogram expense
02

College grants/scholarships awarded to BBCHS graduates and teachers.

$20Kprogram expense
03

Support for BBCHS Athletics

$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 · FY2023
Total grants receivedfrom 1 funder$227
Grants paid · 5 grants · $98K · 2020–2024
Unitemized GrantFY2024$30,500
Unitemized GrantFY2023$20,500
Unitemized GrantFY2022$13,250
Unitemized GrantFY2021$20,000
Unitemized GrantFY2020$14,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$156K
Ln 12
Gifts and grantsLn 1h$79K
Investment incomeLn 3$51K
Other incomeLn 4–11$26K
Money outPt IX
$64K
Ln 25
Programscol B$50K
Managementcol C$14K
Owns and owesPt X
$954K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$954K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Investment incomeLn 3$51K
Other incomeLn 4–11$26K
Total revenueLn 12$156K
Assets in detailPt X, end of year
SavingsLn 2$25K
Cash and savings togetherLn 1–2$25K
InvestmentsLn 11–13$917K
Total assetsLn 16$954K
LiabilitiesLn 26$0
Net assetsLn 32$954K
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 FY24End FY24
Cash and savingsLn 1–2$28K$25K
InvestmentsLn 11–13$747K$917K
Total assetsLn 16$790K$954K
LiabilitiesLn 26$0$0
Net assetsLn 32$790K$954K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$20K$20K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$7K$7K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$530$530
Office expensesLn 13$397$397
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$300$300
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$708$708
Other expenses (24a–d)Ln 24$32K$30K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$64K$50K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $135K$102K$33K$1.0M 990 PDF
FY2024 Viewing $156K$64K$92K$954K 990 PDF
FY2023 $83K$80K$3K$790K 990 PDF
FY2022 $168K$45K$123K$738K 990 PDF
FY2021 $86K$43K$42K$779K 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 FY2024 990 (6 parts)
Part I · Summary $156,407 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,735$79,466
I-9 Program service revenue$0
I-10 Investment incomePrior year $29,688$50,894
I-11 Other revenuePrior year $22,432$26,047
I-12 Total revenuePrior year $82,855$156,407
I-13 Grants and similar amounts paidPrior year $13,250$20,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,917$7,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $59,355$36,933
I-18 Total expensesPrior year $79,522$64,433
I-19 Revenue less expensesPrior year $3,333$91,974
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $156,407 across 5 lines filed
VIII-1f All other contributions, gifts and grants$79,466
VIII-1h Total contributions, gifts and grants$79,466
VIII-3 Investment income$50,894
VIII-8 Net income from fundraising events$26,047
VIII-12 Total revenue$156,407
Part IX · Statement of functional expenses $64,433 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $20,500$20,500
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $7,000$7,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $2,931$2,931
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $530$530
IX-13 Office expensesManagement $397$397
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliatesManagement $300$300
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $708$708
IX-24 Other expenses (24a–d)Programs $29,906 · Management $2,161$32,067
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $50,406 · Management $14,027 · Fundraising $0$64,433
Part X · Balance sheet $954,142 assets, 6 lines filed
Asset lines not itemized here account for $12,500; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $28,479$25,010
X-11 Publicly traded securitiesStart of year $746,542$916,632
X-16 Total assetsStart of year $790,021$954,142
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $790,021$954,142
X-33 Total liabilities and net assetsStart of year $790,021$954,142
Part XI · Reconciliation of net assets $954,142 net assets at year end
XI-1 Total revenue$156,407
XI-2 Total expenses$64,433
XI-3 Revenue less expenses$91,974
XI-4 Net assets at start of year$790,021
XI-5 Net unrealized gains (losses) on investments$72,147
XI-10 Net assets at end of year$954,142

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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