Tremont Betterment Association
- Assets
- $308.5k
- Revenue
- $83.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Tremont, IL
- Founding
- 08/1977
- Data as of
- 12/2021
- EIN
- 37-1026960
Organization Overview
Tremont Betterment Association is located in Tremont, IL. The organization was established in 1977. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tremont Betterment Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tremont Betterment Association generated $83.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $69.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tremont Betterment Association has awarded 12 individual grants totaling $271,743. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE BETTERMENT OF THE CITIZENS OF TREMONT, ILLINOIS THROUGH GRANTS PROVIDED FROM THE NET PROCEEDS OF THE ANNUAL TREMONT TURKEY FESTIVAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NET PROCEEDS FROM THE ANNUAL TREMONT TURKEY FESTIVAL ARE USED TO BENEFIT VARIOUS NOT-FOR-PROFIT AND LOCAL GOVERNMENT AGENCIES WITHIN THE TREMONT, IL AREA. SEVERAL LOCAL STUDENTS ALSO RECEIVE SCHOLARSHIPS TOWARDS COLLEGE EDUCATION. SEE DETAILS, AS REQUIRED, AT SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margi Trenkenschuh Secretary | OfficerTrustee | 2 | $0 |
Jason Kreiling President | OfficerTrustee | 2 | $0 |
Kim Wicks Treasurer | OfficerTrustee | 2 | $0 |
Michelle Kreiling Vice-President | OfficerTrustee | 2 | $0 |
Brian Patterson Director | Trustee | 1 | $0 |
Jack Moser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,433 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,348 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,781 |
| Total Program Service Revenue | $0 |
| Investment income | $238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,219 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,500 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,662 |
| Insurance | $4,812 |
| All other expenses | $225 |
| Total functional expenses | $69,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,663 |
| Savings and temporary cash investments | $159,967 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,458 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $308,458 |
| Total liabilities and net assets/fund balances | $308,458 |
Grants Awarded
Over the last fiscal year, Tremont Betterment Association has awarded $106,771 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TREMONT AREA PARK DISTRICT PURPOSE: REPAIRS | $81,271 |
Tremont, IL PURPOSE: PROGRAMS | $18,000 |
Peoria, IL PURPOSE: PROGRAMS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Access Ventures Inc Louisville, KY | $43,826,766 | $16,386,169 |
Missouri River Historical Develop- Ment Inc Sioux City, IA | $5,283,123 | $4,260,184 |
Mid-America Regional Council Community Services Corporation Kansas City, MO | $2,213,477 | $3,497,916 |
East Moline Public Library Foundation East Moline, IL | $757,119 | $745,684 |
Generating Income For Tomorrow Kansas City, MO | $295,787 | $1,133,745 |
Kc Air Show Charities Inc Kansas City, MO | $68,342 | $938,134 |
Michael E Portzen And Sara A Portzen Family Foundation Peosta, IA | $2,370,924 | $1,197,691 |
Heart Of America Redistribution Solutions And Support Sedalia, MO | $435,050 | $1,090,030 |
Thomas P And Sondra D Sheehan Charitable Foundation Fishers, IN | $5,927,664 | $430,035 |
Community Betterment Organization Pella, IA | $2,432,406 | $1,698,245 |
Somernites Cruise Inc Somerset, KY | $278,191 | $306,421 |
Central Iowa Housing Trust Fund Des Moines, IA | $344,976 | $398,757 |