Zionsville Education Foundation Inc
- Assets
- $2.0m
- Revenue
- $425.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Zionsville, IN
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 30-0024279
Organization Overview
Zionsville Education Foundation Inc is located in Zionsville, IN. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Zionsville Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zionsville Education Foundation Inc 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, Zionsville Education Foundation Inc generated $425.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $227.1k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDING FUNDS THAT PROMOTE ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING TO ZIONSVILLE COMMUNITY SCHOOLS TO PROVIDE VARIOUS GRANTS PROMOTING EXCELLENCE IN ACADEMIC EDUCATION.
FALL PROGRAM FUNDING TO ZIONSVILLE COMMUNITY SCHOOLS TEACHERS BASED ON A GRANT APPLICATION AND APPROVAL PROCESS. THE GRANTS WERE REVIEWED AND APPROVED BY THE GRANT COMMITTEE WHICH IS COMPRISED OF BOARD MEMBERS AND COMMUNITY MEMBERS. EACH GRANT WAS REVIEWED TO DETERMINE HOW THE GRANT MET THE FOUNDATION'S MISSION TO IMPROVE ACADEMIC EXCELLENCE. BASED ON FUNDS AVAILABLE, THE HIGHEST RANKED GRANTS PROMOTING ACADEMIC EXCELLENCE WERE FUNDED.
SPRING PROGRAM FUNDING TO ZIONSVILLE COMMUNITY SCHOOLS TEACHERS BASED ON A GRANT APPLICATION AND APPROVAL PROCESS. THE GRANTS WERE REVIEWED AND APPROVED BY THE GRANT COMMITTEES WHICH ARE COMPRISED OF BOARD MEMBERS AND COMMUNITY MEMBERS. EACH GRANT WAS REVIEWED TO DETERMINE HOW THE GRANT MET THE FOUNDATION'S MISSION TO IMPROVE ACADEMIC EXCELLENCE. BASED ON FUNDS AVAILABLE, THE HIGHEST RANKED GRANTS PROMOTING ACADEMIC EXCELLENCE WERE FUNDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyle Browne Executive Director | Officer | 30 | $41,600 |
Challis Imes President | OfficerTrustee | 2 | $0 |
Jane Louiso Grants Chair | OfficerTrustee | 2 | $0 |
Mark Pascarella Vice President | OfficerTrustee | 2 | $0 |
Christine Mingus Treasurer | OfficerTrustee | 2 | $0 |
Beth Ann Kaltenmark 1121-63021 Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,077 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,745 |
| Total Program Service Revenue | $0 |
| Investment income | $87,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,666 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $425,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,676 |
| Grants and other assistance to domestic individuals. | $57,087 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,600 |
| Compensation of current officers, directors, key employees. | $4,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,690 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,520 |
| Fees for services: Other | $982 |
| Advertising and promotion | $6,221 |
| Office expenses | $1,679 |
| Information technology | $5,471 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $507 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,278 |
| All other expenses | $0 |
| Total functional expenses | $227,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $340,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,643,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,986,748 |
| Accounts payable and accrued expenses | $9,716 |
| 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 | $9,716 |
| Net assets without donor restrictions | $1,249,689 |
| Net assets with donor restrictions | $727,343 |
| 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 | $1,986,748 |
Grants Awarded
Over the last fiscal year, Zionsville Education Foundation Inc has awarded $103,405 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ZIONSVILLE COMMUNITY SCHOOLS PURPOSE: ACADEMIC EXCELLENCE | $65,335 |
VOYAGEURS INTERNATIONAL PURPOSE: INDIANA AMBASSADORS OF MUSIC PROGRAM | $38,070 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Zionsville Education Foundation Inc has recieved totaling $96,006.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Community Foundation Of Boone County Inc Lebanon, IN PURPOSE: ANNUAL DISTRIBUTION | $31,491 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $10,000 |
United Way Of Central Indiana Inc Indianapolis, IN PURPOSE: Donor Choice | $6,550 |
Alderson Family Foundation La Quinta, CA PURPOSE: TO ENABLE AND REWARD ACADEMIC EXCELLENCE IN ZIONSVILLE | $6,500 |
Ayres Foundation Inc Indianapolis, IN PURPOSE: OPERATING FUND | $1,050 |
Endowment Analysis
| Beg. Balance | $526,383 |
| Earnings | $69,337 |
| Admin Expense | $9,345 |
| Grants | $18,991 |
| Ending Balance | $567,384 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |