Illinois Association for Gifted Children
Nonprofit profile at a glance
- EIN
- 363790451
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-T 2020
- Location
- Aurora, IL, USA
- Phone
- 6309075047
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Parent/Teacher Group
Reported finances
- Revenue
- $64,840
- Expenses
- $58,734
- Assets
- $537,632
- Liabilities
- $989
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- MOLLY NECHVATAL (EXECUTIVE DIRECTOR)
- PAMELA SHAW (President)
- DIANA REA (President-Elect)
- SUSAN CORWITH (Past President)
Highest reported compensation
- MOLLY NECHVATAL (EXECUTIVE DIRECTOR): $26,265 total reported compensation
- DENISE KUCHTA (Director): $1,500 total reported compensation
- DEANNA MARKOS (Secretary): $1,350 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Illinois association for gifted children empowers educators, families and communities by advancing effective practices, programs and policies to promote the development of gifted and talented children throughout Illinois.
What it reported doing in 2024
Iagc maintains an informative website and publishes newsletters written by national experts in gifted education which focus on important topics in the field. These are shared with parents, educators and advocates.
Operating model
- Revenue model
- Earned-program. 77% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 83
- Accountability: 91
- Sustainability: 53
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.2%; rating input score 45
- Program expense ratio: 58%; rating input score 58
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.4%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 9.15; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 49.6%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -11.5% per year; rating input score 0; 26th percentile among comparable filings
- Revenue growth: -6.3% per year; rating input score 0; 39th percentile among comparable filings
- Asset growth: 4.3% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 45.2% of revenue deployed · 58% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $34K in reported program spending
- Leadership: top reported pay $26K · 15 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.