State Bank Foundation
Nonprofit profile at a glance
- EIN
- 452976901
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- Freeport, IL, USA
- Phone
- 8152970900
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $60,127
- Expenses
- $21,245
- Assets
- $356,758
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- CARSTEN BRANDT (PRESIDENT)
People named in this filing
- CARSTEN BRANDT (PRESIDENT)
- SARAH STUCKEY (TREASURER)
- AMY RUSH (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide additional monetary resources for the support of charitable, religious, scientific, and educational programs that make a positive difference and encourage meaningful and sustainable change within the communities we serve. We strive to enhance the lives of those in our geographic region by supporting the agencies that serve them. We raise money by undertaking projects and accepting contributions, gifts, donations, bequests and devises of money and property exclusively for the foregoing charitable and educational purposes.
What it reported doing in 2024
To provide additional monetary resources for support of charitable, religious, scientific, and educational programs that make a positive difference and encourage meaningful and sustainable change within the community.
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 100% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 100
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.5%; rating input score 57
- Program expense ratio: 96.5%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 64.7%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 16.79; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 14.6% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 6.6% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 14.1% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 57.5% of revenue deployed · 96.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $20K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.