George M Pullman Educational Foundation
- Assets
- $31.0m
- Revenue
- $1.8m
- Investments
- $29.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2017
- Data as of
- 07/2023
- EIN
- 36-2216171
Organization Overview
George M Pullman Educational Foundation is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George M Pullman Educational Foundation 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 07/2023, George M Pullman Educational Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.8m during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George M Pullman Educational Foundation has awarded 1,101 individual grants totaling $6,246,444. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES MERIT-BASED, NEED-BASED SCHOLARSHIPS AND CONTINUING EDUCATIONAL SUPPORT TO OUTSTANDING GRADUATING HIGH SCHOOL SENIORS AS THEY PURSUE THEIR BACHELOR'S DEGREE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Dell Bovi Executive Director | 40 | $167,500 | |
Barbara M Kaufman Board President | 3 | $0 | |
Gianna Bern Vice President | 0.3 | $0 | |
Robert W Fioretti Secretary | 0.3 | $0 | |
Marc Christman Treasurer | 0.3 | $0 | |
Kimberley Freedman Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $630,158 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,032,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,848 |
| Capital Gain Net Income | $105,848 |
| Net ST Capital Gain | $105,848 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51,274 |
| Total Revenue | $1,819,435 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $167,500 |
| Other employee salaries and wages | $208,182 |
| Pension plans, employee benefits | $92,201 |
| Interest | $0 |
| Taxes | $65,312 |
| Depreciation | $0 |
| Occupancy | $135,239 |
| Travel, conferences, and meetings | $10,096 |
| Printing and publications | $22,479 |
| Other expenses | $179,611 |
| Total operating and administrative expenses | $1,146,878 |
| Contributions, gifts, grants paid | $698,946 |
| Total expenses and disbursements | $1,845,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,328 |
| Savings and temporary cash investments | $1,042,505 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,043,862 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,722 |
| Total assets | $31,026,069 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, George M Pullman Educational Foundation has awarded $698,946 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
IZABELLA BALDERAS PURPOSE: COLLEGE SCHOLARSHIPS | $10,000 |
ELIZABETH BENITEZ HERNANDEZ PURPOSE: COLLEGE SCHOLARSHIPS | $10,000 |
DANIYAH BOWEN PURPOSE: COLLEGE SCHOLARSHIPS | $5,000 |
ALEXANDER CALDERON PURPOSE: COLLEGE SCHOLARSHIPS | $5,000 |
ZACHARY CARTER PURPOSE: COLLEGE SCHOLARSHIPS | $10,000 |
MARIO CAMACHO PURPOSE: COLLEGE SCHOLARSHIPS | $7,500 |