Bond Co Community Unit 2 Academic Foundation Inc
- Assets
- $681.2k
- Revenue
- $62.2k
- Investments
- $608.6k
- Employees
- 0
- Location
- Greenville, IL
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 37-1268913
Organization Overview
Bond Co Community Unit 2 Academic Foundation Inc is located in Greenville, IL. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bond Co Community Unit 2 Academic Foundation Inc 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 06/2022, Bond Co Community Unit 2 Academic Foundation Inc generated $62.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $27.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT FOR QUALITY LOCAL PUBLIC EDUCATION THROUGH AWARDING TEACHER GRANTS, COLLEGE SCHOLARSHIPS, AND SUPPORTING CHARACTER EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDING OF TEACHER GRANTS FOR BOOKS, SUPPLIES, AND SPECIAL EQUIPMENT. TEACHERS MAKE REQUESTS FOR ITEMS NOT COVERED UNDER REGULAR SCHOOL BUDGET TO ENHANCE STUDENTS' EDUCATIONAL EXPERIENCE IN LOCAL PUBLIC SCHOOL DISTRICT.
PROVIDE COLLEGE AND AVIATION SCHOLARSHIPS FOR LOCAL HIGH SCHOOL GRADUATES.
PROVIDE RECOGNITION FOR OUTSTANDING ACADEMIC ACHIEVEMENT TO LOCAL STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brant Frey Treasurer | OfficerTrustee | 5 | $0 |
Dr Wm Beckert President | OfficerTrustee | 5 | $0 |
Chance Vohlken Vice President | OfficerTrustee | 5 | $0 |
Bill Walker Secretary | OfficerTrustee | 5 | $0 |
Ryan Mifflin Board Member | Trustee | 5 | $0 |
Rachel Wayman Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,950 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,995 |
| Total Program Service Revenue | $0 |
| Investment income | $24,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,759 |
| Net Income from Fundraising Events | -$1,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,592 |
| Grants and other assistance to domestic individuals. | $22,000 |
| 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 | $0 |
| 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 | $646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,147 |
| All other expenses | $130 |
| Total functional expenses | $27,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,793 |
| Savings and temporary cash investments | $37,838 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $608,550 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $681,181 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $24,497 |
| 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 | $24,497 |
| 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 | $656,684 |
| Total liabilities and net assets/fund balances | $681,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bond Co Community Unit 2 Academic Foundation Inc has recieved totaling $199.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $199 |
Endowment Analysis
| Beg. Balance | $652,882 |
| Earnings | -$44,059 |
| Admin Expense | $130 |
| Net Contributions | $33,500 |
| Grants | $18,500 |
| Ending Balance | $623,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
Community Foundation Of Southern Indiana Inc New Albany, IN | $128,848,099 | $8,060,969 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Waukesha County Community Foundation Inc Waukesha, WI | $76,894,981 | $24,718,378 |
Community Foundation Alliance Inc Evansville, IN | $117,500,760 | $8,724,196 |
Hamilton County Community Foundation Inc Fishers, IN | $98,701,430 | $28,985,245 |
Community Foundation Of The Fox River Valley Aurora, IL | $129,427,234 | $19,610,188 |
Community Foundation Of Howard County Inc Kokomo, IN | $118,725,038 | $13,832,035 |