EAST RICHLAND FOUNDATION FOR ACADEMIC EXCELLENCE

EIN: 376314142 501(c)(3)

OLNEY, IL

Total Revenue
$71,157
Total Expenses
$82,954
Total Assets
$528,643
Net Assets
$528,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IL
Principal Officer
KARISE ROBERSON
Phone
6188433115
Tax Period
2023-07-01 to 2024-06-30

EAST RICHLAND FOUNDATION FOR ACADEMIC EXCELLENCE, founded in 1987, is a micro nonprofit that reported $71K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $83K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ASSIST IN THE DEVELOPMENT OF ADVANCED ACADEMIC EDUCATIONAL PROGRAMS OF THE RICHLAND COUNTY COMMUNITY UNIT SCHOOL DISTRICT #1 AND IN CONJUNCTION THEREWITH TO ESTABLISH A SYSTEM OF SUPPORT FOR THOSE STUDENTS WANTING TO WORK ON ADVANCED ACADEMIC PROJECTS OR ENHANCED LEARNING OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $7,600

ASSISTED IN THE DEVELOPMENT OF ADVANCED EDUCATIONAL PROGRAMS, AND TO ASSIST IN IMPROVING THE ACADEMIC CLIMATE AND PROMOTE THE WELFARE OF THE STUDENTS OF RICHLAND COUNTY COMMUNITY UNIT SCHOOL DISTRICT...

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ASSISTED IN THE DEVELOPMENT OF ADVANCED EDUCATIONAL PROGRAMS, AND TO ASSIST IN IMPROVING THE ACADEMIC CLIMATE AND PROMOTE THE WELFARE OF THE STUDENTS OF RICHLAND COUNTY COMMUNITY UNIT SCHOOL DISTRICT #1

Program 2
Expenses: $73,303

ESTABLISHED SCHOLARSHIP AWARDS TO GRADUATES OF RICHLAND COUNTY HIGH SCHOOL, OLNEY, IL

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,688
Program Service Revenue $0
Investment Income $4,350
Other Revenue $15,119
TOTAL REVENUE $71,157

Expense Breakdown

Grants Paid $80,903
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,903
Other Expenses $2,051
TOTAL EXPENSES $82,954

Year-over-Year Comparison

2023 2022 Change
Revenue $71,157 $62,744 +0.1%
Expenses $82,954 $52,324 +0.6%
Net Income $-11,797 $10,420 -2.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK RICHARDSON DIRECTOR 0.50
Director
$0 $0 $0
ALLYSON PADILLA DIRECTOR 0.50
Director
$0 $0 $0
BARTLEY C ZUBER DIRECTOR 0.50
Director
$0 $0 $0
BRANDY SHOUSE SECRETARY 0.50
Officer Director
$0 $0 $0
PATRICIA KESSLER-BOOKHOUT DIRECTOR 0.50
Director
$0 $0 $0
KRISTA NEALIS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JANILYN TRAVIS DIRECTOR 0.50
Director
$0 $0 $0
KRISTA MCLAREN TREASURER 0.50
Officer Director
$0 $0 $0
TARA MCKINNEY DIRECTOR 0.50
Director
$0 $0 $0
KARISE ROBERSON PRESIDENT 0.50
Officer Director
$0 $0 $0
HEATH HOUCHIN DIRECTOR 0.50
Director
$0 $0 $0
SARAH STEVENS DIRECTOR 0.50
Director
$0 $0 $0
AMY STEVENS DIRECTOR 0.50
Director
$0 $0 $0
CHELSEA KERMICLE DIRECTOR 0.50
Director
$0 $0 $0
AMY BYERS DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $71,157 $82,954 $528,643 $-11,797
2023 $62,744 $52,324 $506,196 $10,420
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