Nonprofit · EIN 36-3504459
ROCK ISLAND-MILAN EDUCATION FOUNDATION
Tax-exempt · ROCK ISLAND, IL 61201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,087,437 | $634,136 | $453,301 | $5,127,374 | $1,308 | $5,126,066 |
| December 31, 2024 | 990 | $1,301,287 | $672,336 | $628,951 | $4,672,833 | $68 | $4,672,765 |
| December 31, 2023 | 990 | $969,469 | $614,731 | $354,738 | $4,043,814 | $0 | $4,043,814 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $446,009
- Program service revenue
- $0
- Investment income
- $641,428
- Net gain from sales of assets
- $80,148
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $489,488
- Compensation of officers, directors and key employees
- $73,000
- Salaries, compensation and benefits (total)
- $78,585
- Professional fundraising fees
- $0
- Accounting fees
- $10,940
- Program services (functional)
- $570,364
- Management and general (functional)
- $63,772
Balance sheet and other
- Total assets, start of year
- $4,672,833
- Total assets, end of year
- $5,127,374
- Total liabilities, end of year
- $1,308
- Net assets, end of year
- $5,126,066
- Publicly traded securities
- $4,760,455
- Net assets without donor restrictions
- $213,866
- Net assets with donor restrictions
- $4,912,200
- Gross receipts
- $1,716,123
- Employees
- 1
- Volunteers
- 13
- Year formed
- 1986
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONTA PONSETTO | Executive Dir. Trustee or director | 40 | $73,000 |
| ZACH EDWARDS | President Trustee or director, Officer | 1 | $0 |
| STEVE ANDICH | Vice President Trustee or director, Officer | 1 | $0 |
| LASHANTA WILLIAMS | Secretary Trustee or director, Officer | 1 | $0 |
| SHELLEE SHOWALTER | Treasurer Trustee or director, Officer | 2 | $0 |
| CARA BANKS | Director Trustee or director | 1 | $0 |
| CHRIS ELSBERG | Director Trustee or director | 1 | $0 |
| IAN FRINK | Director Trustee or director | 1 | $0 |
| RACHEL GUSTAFSON | Director Trustee or director | 1 | $0 |
| ALLI HASKILL | Director Trustee or director | 1 | $0 |
| ROBIN JORGENSEN | Director Trustee or director | 1 | $0 |
| ERIC ROWELL | Director Trustee or director | 1 | $0 |
| BRYAN BLEW | PAST PRESIDENT Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONTA PONSETTO | Executive Dir. Trustee or director | 40 | $67,500 |
| BOB SWANSON | Director Trustee or director | 1 | $0 |
| DR BRYAN BLEW | President Trustee or director, Officer | 1 | $0 |
| ZACH EDWARDS | Vice President Trustee or director, Officer | 1 | $0 |
| DOUG HULTQUIST | Director Trustee or director | 1 | $0 |
| IAN FRINK | Director Trustee or director | 1 | $0 |
| RACHEL GUSTAFSON | Director Trustee or director | 1 | $0 |
| BARB CADY | President Trustee or director | 1 | $0 |
| CHRIS ELSBURG | Director Trustee or director | 1 | $0 |
| ERIC ROWELL | Director Trustee or director | 1 | $0 |
| SHELLE SHOWALTER | Treasurer Trustee or director, Officer | 2 | $0 |
| STEVE ANDICH | Secretary Trustee or director, Officer | 1 | $0 |
| LASHANTA WILLIAMS | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONTA PONSETTO | Executive Dir. Trustee or director | 40 | $62,200 |
| BOB SWANSON | Director Trustee or director | 1 | $0 |
| DR BRYAN BLEW | Vice President Trustee or director, Officer | 1 | $0 |
| ZACH EDWARDS | Secretary Trustee or director, Officer | 1 | $0 |
| DOUG HULTQUIST | Director Trustee or director | 1 | $0 |
| PRYCE T BOEYE | Director Trustee or director, Officer | 1 | $0 |
| RACHEL GUSTAFSON | Director Trustee or director | 1 | $0 |
| BARB CADY | President Trustee or director, Officer | 1 | $0 |
| CHRIS ELSBURG | Director Trustee or director | 1 | $0 |
| ERIC ROWELL | Director Trustee or director | 1 | $0 |
| SHELLE SHOWALTER | Treasurer Trustee or director, Officer | 2 | $0 |
| STEVE ANDICH | Director Trustee or director | 1 | $0 |
| BOB SWANSON | Director Trustee or director | 1 | $0 |
| LASHANTA WILLIAMS | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 25TH AVE, ROCK ISLAND, IL 61201-5356
- In care of
- % ROCK ISLAND HIGH SCHOOL
- Principal officer (990 for 2025)
- MONTA PONSETTO, 1400 25TH AVENUE, ROCK ISLAND, IL 61201
- Signed the 990
- MONTA PONSETTO, Executive Dir.
- Phone
- (309) 793-5900
- Website
- www.rimef.org
- Return prepared by
- Hoffman & Tranel PC
Mission
TO SOLICIT FUNDS FROM THE GENERAL PUBLIC TO PROVIDE SUPPORT FOR ROCK ISLAND-MILAN SCHOOL DISTRICT GRADUATING STUDENTS THROUGH SCHOLARSHIPS AND PROVIDE SUPPORT TO ROCK ISLAND-MILAN SCHOOL DISTRICT TEACHERS WITH TEACHER ASSISTANCE GRANTS.
Program accomplishments
- TO SOLICIT FUNDS FROM THE GENERAL PUBLIC TO PROVIDE SUPPORT FOR ROCK ISLAND-MILAN SCHOOL DISTRICT GRADUATING STUDENTS THROUGH SCHOLARSHIPS AND PROVIDE SUPPORT TO ROCK ISLAND-MILAN SCHOOL DISTRICT TEACHERS WITH TEACHER ASSISTANCE GRANTS.Expenses $570,364
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3504459
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,127,374
- Income (IRS master file)
- $1,716,123
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,087,437 | $634,136 | $5,127,374 | XML |
| 990 | December 2024 | $1,301,287 | $672,336 | $4,672,833 | XML |
| 990 | December 2023 | $969,469 | $614,731 | $4,043,814 | XML |
| 990 | December 2022 | $175,859 | $571,322 | $3,689,076 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 36-3504459).
Questions about ROCK ISLAND-MILAN EDUCATION FOUNDATION
- What is the EIN of ROCK ISLAND-MILAN EDUCATION FOUNDATION?
- The employer identification number (EIN) of ROCK ISLAND-MILAN EDUCATION FOUNDATION is 36-3504459.
- Is ROCK ISLAND-MILAN EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to ROCK ISLAND-MILAN EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROCK ISLAND-MILAN EDUCATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ROCK ISLAND-MILAN EDUCATION FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROCK ISLAND-MILAN EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ROCK ISLAND-MILAN EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2025 names MONTA PONSETTO.
- Who are the officers and directors of ROCK ISLAND-MILAN EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $73,000 (MONTA PONSETTO, Executive Dir.).
- How much revenue does ROCK ISLAND-MILAN EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,087,437, expenses of $634,136 and total assets of $5,127,374 at year end.
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