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Tremont Education Foundation

Tax-deductible

Tremont, IL501(c)(3)Since 1992 EIN 37-1296130Revenue $34K in FY2025

On file with the IRS400 W Pearl St, 61568-8500 · Tremont, ILTax-exempt since Oct 1992Publicly supported charity — 170(b)(1)(A)(vi)

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To support educational programs that are innovative and/or complement, enrich or enhance educational opportunities for the students in Tremont school district 702

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 11 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 6
filings with a surplus
Average surplus $30K a year · 38% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
73 mo
of spending, in cash
Looks good: 72.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
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
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34K
-83% vs prior year
Spent
$57K
To programs
98%
Net assets
$859K
By yearFY2020–FY2025
Revenue
$34K
FY2025▼ -83%
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$62K
FY2022−$58K
FY2023$104K
FY2024$198K
FY2025$34K
Expenses
$57K
FY2025▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$33K
FY2021$31K
FY2022$45K
FY2023$57K
FY2024$71K
FY2025$57K
Net assets
$859K
FY2025-0.03%
Tap a bar for its year
Net assets by fiscal year
FY2020$717K
FY2021$749K
FY2022$654K
FY2023$714K
FY2024$859K
FY2025$859K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1992.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $56K Management & general 2% · $1K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Curt Herrin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Merry Sumer
Director
$0Pt VII · Sec A
Mike Honan
Vice-President
$0Pt VII · Sec A
Lori Fuoss
Director
$0Pt VII · Sec A
Rob Ropp
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Cody Beer
President
$0Pt VII · Sec A
See Tremont Education 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

Funds innovative educational programs enriching student opportunities in Tremont School District 702.

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Provided by the organization

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1 program · $56K · in their own filed words · FY2025
01

$25,204 of grants were approved by the board of directors and distributed to support projects at the tremont schools. Also, 18 CURRENT/FORMER students of tremont school district 702 received scholarships (totaling $30,500). See schedule I.

$56Kprogram 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
American Gift FundFY2024$50K
Total grants receivedfrom 1 funder$50K
Grants paid · 12 grants · $250K · 2020–2025
Unitemized GrantFY2025$30,500
Tremont Cusd 702FY2025$25,204
Tremont Cusd 702FY2024$29,851
Unitemized GrantFY2024$20,500
Tremont Cusd 702FY2023$26,254
Unitemized GrantFY2023$11,500
Tremont Cusd 702FY2022$31,779
Unitemized GrantFY2022$12,000
Tremont Cusd 702FY2021$16,457
Unitemized GrantFY2021$14,000
Tremont Cusd 702FY2020$22,328
Unitemized GrantFY2020$10,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$34K
Ln 12
Gifts and grantsLn 1h$23K
Investment incomeLn 3$11K
Money outPt IX
$57K
Ln 25
Programscol B$56K
Managementcol C$1K
Owns and owesPt X
$859K
net assets · Ln 32
Cash and savingsLn 1–2$345K
Total assetsLn 16$859K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Investment incomeLn 3$11K
Total revenueLn 12$34K
Assets in detailPt X, end of year
SavingsLn 2$345K
Cash and savings togetherLn 1–2$345K
InvestmentsLn 11–13$10K
Other assetsLn 15$503K
Total assetsLn 16$859K
LiabilitiesLn 26$0
Net assetsLn 32$859K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$528K$345K
InvestmentsLn 11–13$10K
Total assetsLn 16$859K$859K
LiabilitiesLn 26$0$0
Net assetsLn 32$859K$859K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$30K$30K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$37$37
InsuranceLn 23$265$265
Total functional expensesLn 25$57K$56K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $34K$57K−$23K$859K 990 PDF
FY2024 $198K$71K$127K$859K 990 PDF
FY2023 $104K$57K$47K$714K 990 PDF
FY2022 −$58K$45K−$103K$654K 990 PDF
FY2021 $62K$31K$31K$749K 990 PDF
FY2020 $133K$33K$99K$717K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $34,006 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $182,281$22,889
I-9 Program service revenue$0
I-10 Investment incomePrior year $16,165$11,117
I-11 Other revenue$0
I-12 Total revenuePrior year $198,446$34,006
I-13 Grants and similar amounts paidPrior year $50,351$55,704
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,996$1,302
I-18 Total expensesPrior year $71,347$57,006
I-19 Revenue less expensesPrior year $127,099−$23,000
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $34,006 across 5 lines filed
VIII-1f All other contributions, gifts and grants$22,889
VIII-1h Total contributions, gifts and grants$22,889
VIII-3 Investment incomeExcluded from tax $11,117$11,117
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,117$34,006
Part IX · Statement of functional expenses $57,006 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $25,204$25,204
IX-2 Grants to domestic individualsPrograms $30,500$30,500
IX-11c Accounting feesManagement $1,000$1,000
IX-13 Office expensesManagement $37$37
IX-23 InsuranceManagement $265$265
IX-25 Total functional expensesPrograms $55,704 · Management $1,302 · Fundraising $0$57,006
Part X · Balance sheet $858,845 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $527,601$345,478
X-11 Publicly traded securities$10,282
X-15 Other assetsStart of year $331,502$503,085
X-16 Total assetsStart of year $859,103$858,845
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $859,103$858,845
X-33 Total liabilities and net assetsStart of year $859,103$858,845
Part XI · Reconciliation of net assets $858,845 net assets at year end
XI-1 Total revenue$34,006
XI-2 Total expenses$57,006
XI-3 Revenue less expenses−$23,000
XI-4 Net assets at start of year$859,103
XI-5 Net unrealized gains (losses) on investments$22,742
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$858,845

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

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