D70 Foundation for Excellence Inc

EIN: 931647381 501(c)(3) Education

LIBERTYVILLE, IL

Total Revenue
$216,453
Total Expenses
$161,095
Total Assets
$62,799
Net Assets
$62,799
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
IL
Principal Officer
Holland Burton
Phone
8778295500
Tax Period
2024-08-01 to 2025-07-31

D70 Foundation for Excellence Inc, founded in 2023, is a small nonprofit in the Education sector that reported $216K in total revenue in fiscal year 2024. Revenue surged 485% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 26% operating margin.

Mission

The D70 Foundation for Excellence is a nonprofit organization dedicated to enriching and expanding educational opportunities for the students teachers and staff of Libertyville School District 70. Through community engagement fundraising and strategic partnerships the Foundation provides resources and support that inspire excellence foster innovation and enhance the overall educational experience beyond what is available through standard district funding.

Program Service Accomplishments

Program 1
Expenses: $119,039 Revenue: $145,209

Annual Fundraising Events Galas: The Foundations annual fundraising events contribute importantly to its exempt purposes by directly generating resources that are distributed to Libertyville School...

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Annual Fundraising Events Galas: The Foundations annual fundraising events contribute importantly to its exempt purposes by directly generating resources that are distributed to Libertyville School District 70 to fund educational programs enrichment opportunities teacher support initiatives and student resources that would not otherwise be available through standard district appropriations. These events also advance the Foundations mission by building community awareness of and engagement with the educational needs of District 70 students.

Program 2
Expenses: $36,231 Revenue: $71,244

Grants and Sponsorships Received: The receipt of grants and sponsorships contributes importantly to the Foundations exempt purposes by providing dedicated funding streams that are applied exclusively...

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Grants and Sponsorships Received: The receipt of grants and sponsorships contributes importantly to the Foundations exempt purposes by providing dedicated funding streams that are applied exclusively to educational and enrichment programs benefiting Libertyville School District 70. These activities directly support the Foundations core function of supplementing and enhancing the educational experience available to District 70 students faculty and staff.

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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 (2024)

Revenue Breakdown

Contributions & Grants $216,453
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $216,453

Expense Breakdown

Grants Paid $11,545
Salaries & Benefits $75,000
Fundraising Expenses $0
Program Expenses $155,270
Other Expenses $74,550
TOTAL EXPENSES $161,095

Year-over-Year Comparison

2024 2023 Change
Revenue $216,453 $37,022 +4.8%
Expenses $161,095 $29,581 +4.4%
Net Income $55,358 $7,441 +6.4%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
5

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
2
$75,000
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Holland Burton President 17.00
Officer
$75,000 $0 $75,000
Suzanne Wakefield Vice President 0.00
Officer
$0 $0 $0
Katie Deans Director 0.00
Director
$0 $0 $0
Elizabeth McGhee Director 0.00
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 $216,453 $161,095 $62,799 $55,358
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