Nonprofit · EIN 26-2801522
WETHERSFIELD SCHOOL ACADEMIC FOUNDATION
Tax-exempt (reinstated) · KEWANEE, IL 61443
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $44,451 | $34,063 | $10,388 | $573,343 | $0 | $573,343 |
| June 30, 2024 | 990 | $52,823 | $46,128 | $6,695 | $562,955 | $0 | $562,955 |
| June 30, 2023 | 990 | $114,267 | $33,634 | $80,633 | $556,260 | $0 | $556,260 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $22,705
- Program service revenue
- $0
- Investment income
- $21,746
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $31,393
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,445
- Program services (functional)
- $31,393
- Management and general (functional)
- $1,670
- Fundraising (functional)
- $1,000
Balance sheet and other
- Total assets, start of year
- $562,955
- Total assets, end of year
- $573,343
- Total liabilities, end of year
- $0
- Net assets, end of year
- $573,343
- Publicly traded securities
- $449,050
- Net assets without donor restrictions
- $573,343
- Gross receipts
- $44,451
- Employees
- 0
- Volunteers
- 16
- Year formed
- 2008
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHIP EASTMAN | TRUSTEE Trustee or director | – | $0 |
| JON LOONEY | PRESIDENT Trustee or director, Officer | – | $0 |
| ANGIE RYAN | SECRETARY Trustee or director, Officer | – | $0 |
| MELISSA SMITH | TREASURER Trustee or director, Officer | – | $0 |
| APRIL TAYLOR | TRUSTEE Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHIP EASTMAN | TRUSTEE Trustee or director | – | $0 |
| SHANE KAZUBOWSKI | ASSIST VICE Trustee or director, Officer | – | $0 |
| JON LOONEY | PRESIDENT Trustee or director, Officer | – | $0 |
| ANGIE RYAN | SECRETARY Trustee or director, Officer | – | $0 |
| MELISSA SMITH | TREASURER Trustee or director, Officer | – | $0 |
| APRIL TAYLOR | TRUSTEE Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHIP EASTMAN | TRUSTEE Trustee or director | – | $0 |
| SHANE KAZUBOWSKI | ASSIST VICE Trustee or director, Officer | – | $0 |
| JON LOONEY | PRESIDENT Trustee or director, Officer | – | $0 |
| ANGIE RYAN | SECRETARY Trustee or director, Officer | – | $0 |
| MELISSA SMITH | TREASURER Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 439 WILLARD ST, KEWANEE, IL 61443-3717
- In care of
- % SHANE KAZUBOWSKI
- Mailing address (990-N for 2015)
- 439 Willard Street, Kewanee IL 61443
- Principal officer (990 for 2024)
- JON LOONEY, 439 WILLARD ST, KEWANEE, IL 61443
- Principal officer (990-N for 2015)
- Charles Eastman, 503 West Mill Street, Kewanee IL 61443
- Signed the 990
- JON LOONEY, PRESIDENT
- Phone
- (309) 853-4860
- Return prepared by
- GORENZ AND ASSOCIATES LTD
Mission
THE FOUNDATION IS DESIGNED TO ENHANCE THE EDUCATIONAL OPPORTUNITIES WITHIN WETHERSFIELD COMMUNITY UNIT SCHOOL DISTRICT NO 230.
Program accomplishments
- THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ISSUE GRANTS AND SCHOLARSHIPS TO AND FOR THE BENEFIT OF WETHERSFIELD COMMUNITY UNIT SCHOOL DISTRICT NO 230.Expenses $31,393 · grants $31,393
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2801522
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $573,343
- Income (IRS master file)
- $44,451
Revocation and reinstatement
- Exemption revoked
- November 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective November 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $44,451 | $34,063 | $573,343 | XML |
| 990 | June 2024 | $52,823 | $46,128 | $562,955 | XML |
| 990 | June 2023 | $114,267 | $33,634 | $556,260 | XML |
| 990 | June 2022 | $157,135 | $68,050 | $475,627 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Charles Eastman | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2801522).
Questions about WETHERSFIELD SCHOOL ACADEMIC FOUNDATION
- What is the EIN of WETHERSFIELD SCHOOL ACADEMIC FOUNDATION?
- The employer identification number (EIN) of WETHERSFIELD SCHOOL ACADEMIC FOUNDATION is 26-2801522.
- Is WETHERSFIELD SCHOOL ACADEMIC FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2012 and reinstated it effective November 15, 2012.
- Are donations to WETHERSFIELD SCHOOL ACADEMIC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WETHERSFIELD SCHOOL ACADEMIC FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of WETHERSFIELD SCHOOL ACADEMIC FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WETHERSFIELD SCHOOL ACADEMIC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WETHERSFIELD SCHOOL ACADEMIC FOUNDATION?
- The 990 for the year ended June 30, 2025 names JON LOONEY.
- Who are the officers and directors of WETHERSFIELD SCHOOL ACADEMIC FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does WETHERSFIELD SCHOOL ACADEMIC FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $44,451, expenses of $34,063 and total assets of $573,343 at year end.
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