Liberty Education Foundation
- Assets
- $359.5k
- Revenue
- $73.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Liberty, IL
- Founding
- 03/1997
- Data as of
- 06/2021
- EIN
- 37-1351472
Organization Overview
Liberty Education Foundation is located in Liberty, IL. The organization was established in 1997. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, 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. Liberty Education Foundation 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 06/2021, Liberty Education Foundation generated $73.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $46.3k during the year ending 06/2021. While expenses have increased by 18.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY PURPOSE OF THE FOUNDATION IS TO ENHANCE THE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND TEACHERS AT LIBERTY COMMUNITY SCHOOL DISTRICT 2
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES MONETARY GRANTS TO LIBERTY COMMUNITY UNIT SCHOOL DISTRICT UNIT 2 TO ENHANCE THE EDUCATIONAL OPPORTUNITIES OF STUDENTS AND TEACHERS ATTENDING AND WORKING AT LIBERTY COMMUNITY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramona Schoonover President | Officer | 2 | $0 |
Jody Obert Vice President/secretary | Officer | 2 | $0 |
Mark Field Treasurer | Officer | 3 | $0 |
Rod Barry Director | Trustee | 1 | $0 |
Kelle Bunch Director | Trustee | 1 | $0 |
Steve Buyck Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,906 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,132 |
| Total Program Service Revenue | $0 |
| Investment income | $2,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $782 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132 |
| Savings and temporary cash investments | $358,338 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $359,470 |
| 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 | $359,470 |
| Total liabilities and net assets/fund balances | $359,470 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Liberty Education Foundation has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $400 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Of Local Service Organizations Chicago, IL | $1,821,050 | $5,596,702 |
Community Partnership Of Southeast Missouri Cape Girardeau, MO | $3,661,561 | $3,545,590 |
Embrace Living Communities Oak Brook, IL | $5,421,224 | $1,916,839 |
West Central Illinois Valley Regional Planning Commission Carlinville, IL | $116,734 | $1,781,483 |
River Cities Harvest Inc Ashland, KY | $124,307 | $1,422,149 |
Kinship Foundation Madison, WI | $510,519 | $697,956 |
Children Center Campus Kansas City, MO | $5,840,221 | $745,484 |
Gail G Ellis Foundation Inc Bannockburn, IL | $12,460,637 | $1,252,189 |
Tfi Foundation Inc Monona, WI | $5,709,720 | $2,349,042 |
Institute For People Place And Possibilities Columbia, MO | $178,375 | $526,690 |
Phelps County Hospital Foundation Rolla, MO | $2,390,333 | $1,289,157 |
Northern Illinois Center For Nonprofit Excellence Rockford, IL | $1,011,850 | $601,616 |