SCHUYLER COUNTY EDUCATION FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SCHUYLER COUNTY EDUCATION FOUNDATION (EIN 37-1264166)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202443209349314429
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T13:42:46-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364474078PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SIDLEY AUSTIN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE SOUTH DEARBORN SUITE 2900AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN371264166EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCHUYLER COUNTY EDUCATION FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O RUSHVILLE STATE BANKBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSCHUBusinessNameControlTxt
Phone2173223323PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 50AddressLine1Txt
CityRUSHVILLECityNm
State AbbreviationILStateAbbreviationCd
ZIP62681ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLINDA M BUTLERPersonNm
Person TitleVICE PRESIDENT AND TRUST OFF.PersonTitleTxt
Phone2173223323PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL A SVOBODAPreparerPersonNm
PTINP01064026PTIN
Phone3128537000PhoneNum
Preparation2024-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLINDA M BUTLERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 50AddressLine1Txt
CityRUSHVILLECityNm
State AbbreviationILStateAbbreviationCd
ZIP62681ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$56,669GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1988FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionSCHOLARSHIPS AND GRANTS TO FURTHER THE PURPOSES OF SCHUYLER-INDUSTRY CUSD #5ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$69,600PYContributionsGrantsAmt
CY Contributions Grants$42,700CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$12,755PYInvestmentIncomeAmt
CY Investment Income$13,969CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$82,355PYTotalRevenueAmt
CY Total Revenue$56,669CYTotalRevenueAmt
PY Grants And Similar Paid$75,762PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$11,975CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$6,505PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$12,259PYOtherExpensesAmt
CY Other Expenses$52,582CYOtherExpensesAmt
PY Total Expenses$94,526PYTotalExpensesAmt
CY Total Expenses$64,557CYTotalExpensesAmt
PY Revenues Less Expenses-$12,171PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$7,888CYRevenuesLessExpensesAmt
Total Assets BOY$544,006TotalAssetsBOYAmt
Total Assets EOY$536,045TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$544,006NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$536,045NetAssetsOrFundBalancesEOYAmt
MissionTHE FOUNDATION BENEFITS, PERFORMS THE FUNCTIONS OF, AND CARRIES OUT THE PURPOSES OF THE SCHUYLER-INDUSTRY CUSD #5 THROUGH SCHOLARSHIP GRANTS TO SCHUYLER COUNTY RESIDENTS AND THE SUPPORT OF SCHOOL AND COMMUNITY FACILITIES AND PROGRAMS AVAILABLE TO SCHUYLER CO. STUDENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$9,975ExpenseAmt
Grant$9,975GrantAmt
DescSCHOLARSHIPS TO 15 SCHUYLER COUNTY RESIDENTSDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$44,168ExpenseAmt
DescEXPENDITURES FOR THE CONSTRUCTION, RENOVATION, MAINTENANCE, AND OPERATION OF COMMUNITY FACILITIES AVAILABLE FOR USE BY SCHUYLER COUNTY STUDENTS AND/OR SCHOOL PROGRAMS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$2,000ExpenseAmt
Grant$2,000GrantAmt
DescSUPPORT OF SCHUYLER-INDUSTRY COMMUNITY UNIT SCHOOL DISTRICT #5 STUDENT AND PARENT ORGANIZATIONS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$56,143TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RUSHVILLE STATE BANKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2173223323PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 50AddressLine1Txt
CityRUSHVILLECityNm
State AbbreviationILStateAbbreviationCd
ZIP62681ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtInstitutional TrusteeInstitutionalTrusteeInd
RYAN CORRIE
SCHOOL BOARD PRESIDENT1.00Yes (X)$0$0$0
DR BEAU FRETUEG
SICUSD #5 SUPERINTENDENT1.00Yes (X)$0$0$0
LINDA BUTLER
TRUSTEE REPRESENTATIVE1.00Yes (X)$0$0$0
GREGG ROEGGE
PRESIDENT, RUSHVILLE ST. B1.00Yes (X)$0$0$0
RUSHVILLE STATE BANK
TRUSTEE5.00$3,864$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$3,864TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Federated Campaigns$2,000FederatedCampaignsAmt
All Other Contributions$40,700AllOtherContributionsAmt
Total Contributions$42,700TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,969TotalRevenueColumnAmt
Exclusion$13,969ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$56,669TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$13,969ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,000TotalAmt
Program Services$2,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$9,975TotalAmt
Program Services$9,975ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$1,932TotalAmt
Management And General$1,932ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$4,170TotalAmt
Management And General$4,170ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$1,932TotalAmt
Management And General$1,932ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$380TotalAmt
Management And General$380ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescSCRIPPS PARK EXPENSESDesc
Total$44,168TotalAmt
Program Services$44,168ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$64,557TotalAmt
Program Services$56,143ProgramServicesAmt
Management And General$8,414ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$57BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$327,069BOYAmt
EOY$319,099EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$216,880BOYAmt
EOY$216,946EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$544,006BOYAmt
EOY$536,045EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$544,006BOYAmt
EOY$536,045EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$544,006BOYAmt
EOY$536,045EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$544,006BOYAmt
EOY$536,045EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$7,888ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$73PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$55,849CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$47,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$69,600CurrentTaxYearMinus1YearAmt
Current Tax Year$42,700CurrentTaxYearAmt
Total$231,649TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$55,849CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$47,500CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$69,600CurrentTaxYearMinus1YearAmt
Current Tax Year$42,700CurrentTaxYearAmt
Total$231,649TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$160,073SubstantialContributorsTotAmt
Public Support Total170$71,576PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,718CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,137CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,758CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,755CurrentTaxYearMinus1YearAmt
Current Tax Year$13,693CurrentTaxYearAmt
Total$63,061TotalAmt
FieldValueIRS element (for citing)
Total Support$294,710TotalSupportAmt
Public Support CY1700.24290PublicSupportCY170Pct
Public Support PY1700.52550PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests PY170Yes (X)ThirtyThrPctSuprtTestsPY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtNon Cash AssistanceNonCashAssistanceDesc
HOLLENBECK SCHOLARSHIPS11$7,975$0SCHOLARSHIPS TO SCHUYLER COUNTY HIGH SCHOOL GRADUATES
VICTOR B WOOD SCHOLARSHIPS2$1,000$0ONE-YEAR SCHOLARSHIP TO RUSHVILLE-INDUSTRY HIGH SCHOOL GRADUATE PURSUING STUDY IN THE EDUCATION FIELD
MICHAEL WARD SCHOLARSHIP2$1,000SCHOLARSHIP TO RUSHVILLE_INDUSTRY HIGH SCHOOL GRADUATE ATTENDING THE UNIV. OF ILL

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE REPRESENTATIVES OF THE CORPORATE TRUSTEE AND ALL OF THE FOUNDATION'S ADVISORY COMMITTEE MEMBERS ARE RESIDENTS OF SCHUYLER COUNTY AND LIVE IN OR NEAR RUSHVILLE, ILLINOIS. THEY ARE THUS IN A POSITION TO REGULARLY REVIEW THE RESULTS OF THE FOUNDATION'S GRANT PROGRAMS FOR THE CONSTRUCTION, MAINTENANCE, OR OPERATION OF PROGRAMS BENEFITTING COMMUNITY RESIDENTS AND STUDENTS OF RUSHVILLE-INDUSTRY COMMUNITY UNIT SCHOOL DISTRICT #5.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2AS NOTED ABOVE IN THE EXPLANATION FOR LINE 11, THE RUSHVILLE STATE BANK IS THE CORPORATE TRUSTEE; LINDA BUTLER, VICE PRESIDENT AND TRUST OFFICER, AND GREG ROEGGE, PRESIDENT, ARE OFFICERS OF THE RUSHVILLE STATE BANK.
FORM 990, PART VI, SECTION B, LINE 11BPURSUANT TO THE FOUNDATION'S GOVERNING DOCUMENTS, IT IS ADMINISTERED BY A CORPORATE TRUSTEE, RUSHVILLE STATE BANK. THE CORPORATE TRUSTEE REVIEWS THE RETURNS IN ACCORDANCE WITH ITS NORMAL ADMINISTRATIVE PROCEDURES. THE RETURN IS MADE AVAILABLE TO THE FOUNDATION'S GOVERNING BODY UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION DOES NOT ROUTINELY MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. BECAUSE THE FOUNDATION HAS A CORPORATE TRUSTEE WITH FIDUCIARY DUTIES, THE FOUNDATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.

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