Illinois So Foundation

Nonprofit profile at a glance

EIN
260138534
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-PF 2020
Location
Normal, IL, USA
Phone
3098882551
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$328,089
Expenses
$230,929
Assets
$5,151,587
Liabilities
$24,126

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • PETE BEALE-DELVECCHIO (PRESIDENT & CEO, SOILL)

People named in this filing

  • PETE BEALE-DELVECCHIO (PRESIDENT & CEO, SOILL)
  • STEPHEN BERGMAN (CHAIR)
  • JOE NAGLE (VICE CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Illinois s.o. Foundation is an Illinois nonprofit corporation that was formed by special olympics Illinois, inc. To support their mission of providing a variety of olympic-type sports for peole with intellectual disabilities.

What it reported doing in 2024

Support special olympics Illinois - the il so foundation granted special olympics Illinois $175,000 to fund a new assistant director - grants & foundation relationships, to promote the growth of the current senior director - advancement & government relations, and recruit lobbyists to support the special olympics Illinois mission. $119,594.60 was spent in 2024 with a balance of $30,598.70 to be spent in 2025.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.2%; rating input score 80
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: $189.27 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.6%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 22.31; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 91.3% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: -46.3% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 14.7% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 80.2% of revenue deployed · 87% of spending went to programs
  • Governance: 26 of 26 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $201K in reported program spending
  • Leadership: top reported pay $0 · 26 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.