Israel Center For Excellence Through Education
- Assets
- $1.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Homer Glen, IL
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-3032809
Organization Overview
Israel Center For Excellence Through Education is located in Homer Glen, IL. The organization was established in 2010. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Israel Center For Excellence Through Education is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Israel Center For Excellence Through Education generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GIFTED PROJECT-SCHOOL IN ISRAEL THE ENTITY IS A NOT-FOR-PROFIT ORGANIZATION WORKING TO PROVIDE A SCHOOL AND NATIONAL EDUCATION PROGRAMS IN ISRAEL FOR BRIGHT AND MOTIVIATED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTED PROJECT-PROJECT TO PROVIDE A SCHOOL AND NATIONAL EDUCATION PROGRAMS IN ISRAEL FOR BRIGHT AND MOTIVATED CHILDREN. THE SCHOOL SPECIALIZES IN SCIENCE, MUSIC AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Asher Chairman Of Board | OfficerTrustee | 25 | $0 |
Daniel B Asher Treasurer | OfficerTrustee | 2 | $0 |
Jeff Brincat Director | Trustee | 1.5 | $0 |
Deborah Capocci Director | Trustee | 1.5 | $0 |
Jonathan Mitchell Director | Trustee | 1.5 | $0 |
Elizabeth Asher Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,535,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,535,491 |
| Total Program Service Revenue | $0 |
| Investment income | $22,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,557,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,500 |
| Compensation of current officers, directors, key employees. | $37,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,600 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,106 |
| All other expenses | $0 |
| Total functional expenses | $1,047,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $772,426 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,573 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,000 |
| Total assets | $1,886,346 |
| Accounts payable and accrued expenses | $1,859 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,859 |
| Net assets without donor restrictions | $1,884,487 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,886,346 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Israel Center For Excellence Through Education has recieved totaling $362,249.
| Awarding Organization | Amount |
|---|---|
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $200,000 |
Foundation For Educational Research And Development Paradise Valley, AZ PURPOSE: GENERAL CHARITABLE PURPOSE | $75,000 |
Edward C And Linda Dresner Levy Foundation Reston, VA PURPOSE: GENERAL SUPPORT | $50,000 |
Uja Federation Of Greenwich Inc Greenwich, CT PURPOSE: AS PER ORGANIZATIONS EXEMPT PURPOSE | $25,000 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ PURPOSE: SUPPORT | $8,249 |
June Baumgardner Gelbart Foundation Orlando, FL PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alianza Americas Chicago, IL | $2,631,647 | $6,410,814 |
P E O International Peace Scholarship Fund Des Moines, IA | $7,924,621 | $2,011,865 |
Worldwide Foundation For Credit Unions Inc Madison, WI | $2,638,598 | $2,495,321 |
American Friends Of Orr Shalom Inc Janesville, WI | $19,611 | $1,505,147 |
Fund For Israels Tomorrow St Louis, MO | $124,929 | $1,278,098 |
Brace For Impact 46 Inc Lake Saint Louis, MO | $707,944 | $1,486,184 |
Israel Center For Excellence Through Education Homer Glen, IL | $1,886,346 | $1,557,917 |
Foundation For Children In Need Inc Arlington Heights, IL | $1,133,422 | $973,148 |
Father Wasson Legacy Endowment Inc Chicago, IL | $19,669,606 | $1,881,676 |
Coprodeli Usa Chicago, IL | $222,767 | $999,413 |
School Of Hope Foundation Chicago, IL | $1,453,503 | $820,570 |
Nehemiah Vision Ministries Inc Noblesville, IN | $1,235,325 | $715,025 |