SCHUYLER COUNTY EDUCATION FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SCHUYLER COUNTY EDUCATION FOUNDATION (EIN 37-1264166)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-18
IRS object ID
202503229349301730
Schema version
2024v5.2
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)
Return2025-11-18T10:56:05-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Paul A SvobodaBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1415 E North Water StreetAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN371264166EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Schuyler County Education FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Linda ButlerInCareOfNm
Business Name ControlSCHUBusinessNameControlTxt
Phone2173223323PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1co Rushville State Bank PO Box 50AddressLine1Txt
CityRushvilleCityNm
State AbbreviationILStateAbbreviationCd
ZIP62681ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLINDA BUTLERPersonNm
Person TitleVP & Trustee RepPersonTitleTxt
Phone2173223323PhoneNum
Signature2025-11-17SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL A SVOBODAPreparerPersonNm
PTINP01064026PTIN
Phone3128534106PhoneNum
Preparation2025-11-18PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLinda ButlerPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o Rushville State Bank PO Box 50AddressLine1Txt
CityRushvilleCityNm
State AbbreviationILStateAbbreviationCd
ZIP62681ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$435,914GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1988FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionFurthering the exempt purposes of Schuyler-Industry Community Unit School District 5 through scholarships to Schuyler County residents, support of school and community facilities and programs available to Schuyler County students.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers2TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$42,700PYContributionsGrantsAmt
CY Contributions Grants$421,233CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$13,969PYInvestmentIncomeAmt
CY Investment Income$14,681CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$56,669PYTotalRevenueAmt
CY Total Revenue$435,914CYTotalRevenueAmt
PY Grants And Similar Paid$11,975PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$12,500CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$52,582PYOtherExpensesAmt
CY Other Expenses$27,602CYOtherExpensesAmt
PY Total Expenses$64,557PYTotalExpensesAmt
CY Total Expenses$40,102CYTotalExpensesAmt
PY Revenues Less Expenses-$7,888PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$395,812CYRevenuesLessExpensesAmt
Total Assets BOY$536,045TotalAssetsBOYAmt
Total Assets EOY$931,965TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$536,045NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$931,965NetAssetsOrFundBalancesEOYAmt
MissionFurthering the exempt purposes of Schuyler-Industry Community Unit School District 5 through scholarships to Schuyler County residents, support of school and community facilities and programs available to Schuyler County students.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$21,912ExpenseAmt
DescExpenditures for the construction, renovation, maintenance, and operation of Community facilities available for use by Schuyler County students and/or school programsDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$10,500ExpenseAmt
Grant$10,500GrantAmt
DescScholarships to 23 Schuyler County residentsDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$2,000ExpenseAmt
Grant$2,000GrantAmt
DescSupport of Schuyler-Industry Community Unit School District No. 5 Student and Parent organizationsDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$34,412TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRushville State BankPersonNm
Phone2173223323PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 E Lafayette StAddressLine1Txt
CityRushvilleCityNm
State AbbreviationILStateAbbreviationCd
ZIP62681ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtInstitutional TrusteeInstitutionalTrusteeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerInd
Rushville State Bank
Trustee0.000.00Yes (X)$4,115$0$0
Linda Butler
VP and Trustee Representative0.000.00$0$0$0Yes (X)Yes (X)
Dr Beau Fretueg
School Board President0.000.00$0$0$0Yes (X)
Gregg Roegge
President Rushville St Bank0.000.00$0$0$0Yes (X)
Christopher Vogler
School Board President0.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$4,115TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Federated Campaigns$2,000FederatedCampaignsAmt
Government Grants$419,233GovernmentGrantsAmt
Total Contributions$421,233TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,681TotalRevenueColumnAmt
Exclusion$14,681ExclusionAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$435,914TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$14,681ExclusionAmt

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$10,500TotalAmt
Program Services$10,500ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,497TotalAmt
Management And General$3,497ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,575TotalAmt
Management And General$1,575ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$618TotalAmt
Management And General$618ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescScripps Park ExpensesDesc
Total$21,912TotalAmt
Program Services$21,912ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$40,102TotalAmt
Program Services$34,412ProgramServicesAmt
Management And General$5,690ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$319,099BOYAmt
EOY$715,085EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$536,045BOYAmt
EOY$931,965EOYAmt

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$536,045BOYAmt
EOY$931,965EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$536,045BOYAmt
EOY$931,965EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$536,045BOYAmt
EOY$931,965EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$395,812ReconcilationRevenueExpnssAmt
Prior Period Adjustments$108PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

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$16,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$47,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$69,600CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$42,700CurrentTaxYearMinus1YearAmt
Current Tax Year$17,000CurrentTaxYearAmt
Total$192,800TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$47,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$69,600CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$42,700CurrentTaxYearMinus1YearAmt
Current Tax Year$17,000CurrentTaxYearAmt
Total$192,800TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$69,844SubstantialContributorsTotAmt
Public Support Total170$122,956PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,137CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,758CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$12,755CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$13,693CurrentTaxYearMinus1YearAmt
Current Tax Year$14,681CurrentTaxYearAmt
Total$65,024TotalAmt
FieldValueIRS element (for citing)
Total Support$257,824TotalSupportAmt
Public Support CY1700.47690PublicSupportCY170Pct
Public Support PY1700.24290PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

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 (true)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Hollenbeck Scholarships20$8,000
400 Scholarships to Schuyler County High School graduates1$500
Victor Wood scholarship to students attending Western Illinois Univ2$2,000
1000 A Hand Up Scholarship to students with financial need

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceMonitoring procedures (Part I, line 2)FormAndLineReferenceDesc
ExplanationThe representatives of the corporate trustee and all of the Foundations Advisory Committee members are ressidents of Schuyler Country and live in or near Rushville, Illinois. Thay are thus in a position to regularly review the results of the Foundations grant programs for the construction, maintenance, or operation of programs benefitting community residents and students of Rushville-Industry Community Unhit School District No 5.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Officer directors etc family relationship Part VI line 2The Rushville State Bank is the corporate trustee of the Foundation, per the Foundations governing documents. Two of the officers of the trustee, Linda Butler, Vice President and Trust Officer, and Gregg Rougge, President, serve on the Foundations governing body consistent with the governing documents.
Form 990 governing body review Part VI line 11Under the Foundations governing documents, it is administered by an institutional trustee, the Rushville State Bank, and it is the responsibility of the corporate trustee to review and file the return. Two of the members of the Foundations governing body are officers of the Rushville State Bank, and both review the return as required. The remaining governing body members generally do not review the return, since its preparation and filing is the responsibility of the corporate trustee.
Governing documents etc available to public Part VI 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 also does not have a conflict of interest policies

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