Bement Foundation EIN 37-1358309

Bement Foundation

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Improves communities and provides educational services for area development. For fiscal year 2024 it reported $27K in revenue, $21K in expenses, and $596K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Bement, IL
Filings
5 on file (2020–2024)
Revenue
$27KFY2024
Expenses
$21K
Net assets
$596K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-1358309 Public foundation / grantmaker Bement, IL
Form 990 (PDF)
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Size
<$100K
What they do
Improves communities and provides educational services for area development.
Leadership
Money in and out
$27K revenue, $21K expenses
Bottom line
85% program efficiency
Grants paid & assets · FY2024
Total revenue
$27K
Pt VIII · Ln 12
Total expenses
$21K
Pt IX · Ln 25
Net assets
$596K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▼ -15% vs prior filing year
Operating runway
342.1mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+23%
revenue over expenses, this year▲ +54% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$27K
FY2024▲ +4%
Expenses
$21K
FY2024▼ -5%
Total assets
$596K
FY2024▲ +1%
Total liabilities
$0
FY2024
Total revenue
$27K
Pt VIII · Ln 12
Total expenses
$21K
Pt IX · Ln 25
Net assets
$596K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$596K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $18K of program spending, described in the organization's own filed words · FY2024.
01

Educational Scholarships

The organization gave five scholarships to five individuals during 2024.

$17Kprogram expense
02

Community Development

Grant to village of bement, il: veterans memorial services: under the veterans memorial program, the organization provided monies for improvements and related upkeep servies to the memorial for the benefit of the community and all veterans.

$760program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBement Foundation
EINHdr · item D37-1358309
Principal addressHdr · item CBement, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFDec 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$21K · 76%
Contributions & grants$7K · 24%
Investment income76%$21K
Contributions & grants24%$7K
Total revenueLn 12$27K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$18K
Management & general15%$3K
Total functional expensesLn 25$21K

Balance Sheet

Part X · end of year
CashLn 1$596K
Total assetsLn 16$596K
Total liabilitiesLn 26$0
Total net assetsLn 32$596K
Months of cash on handcomputed342.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $596K · Operating expenses/yr $21K
342.1 months
Where the money goes
Program services
Program services $18K · Total expenses $21K
85%
Management & General
Management & general $3K · Total expenses $21K
15%
Fundraising
Fundraising $0 · Total expenses $21K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $7K · Total revenue $27K
24%
Government reliance
Government grants — · Total revenue $27K
Earned-income share
Program service revenue $0 · Total revenue $27K
0%
Investment reliance
Investment income $21K · Total revenue $27K
+76%
Program self-sufficiency
Program service revenue $0 · Total expenses $21K
0%
Growth & trend
Revenue growth (YoY)
This year $27K · Prior year $26K
+4%
Net-asset trend (YoY)
End of year $596K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $27K · Expenses $21K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $596K
Net-asset ratio
Net assets $596K · Total assets $596K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $596K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Scott Jean · Reported title — · Highest reported compensation $0 · Total expenses $21K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $21K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 4%
Accounting fee ratio 14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$100K
Grants paid · 5 grants · $70K · 2020–2024
Unitemized GrantFY2024$17,000
Unitemized GrantFY2023$18,700
Unitemized GrantFY2022$7,700
Unitemized GrantFY2021$9,550
Unitemized GrantFY2020$17,550

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$27K revenue · viewing · ⤓ 990 PDF
FY2023$26K revenue · ⤓ 990 PDF
FY2022$12K revenue · ⤓ 990 PDF
FY2021$13K revenue · ⤓ 990 PDF
FY2020$19K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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