Association For Educational Development
- Assets
- $3.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 10/1967
- Data as of
- 12/2021
- EIN
- 36-2649305
Organization Overview
Association For Educational Development is located in Chicago, IL. The organization was established in 1967. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Association For Educational Development employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Educational Development 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, Association For Educational Development generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $643.3k during the year ending 12/2021. While expenses have increased by 6.9% 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
TO PROVIDE COURSES IN ROMAN CATHOLIC DOCTRINE, PHILOSOPHY, THEOLOGY AND ASCETICAL AND ETHICAL FORMATION; TO PROVIDE CARE OF CHAPELS FOR ROMAN CATHOLIC WORSHIP; TO PROVDE YOUTH CAMPS, CLUBS AND SPORTS ACTIVITIES; AND TO ESTABLISH AND CARE FOR FACILITES USED TO CARRY OUT THESE ACTIVITIES AND HOUSE THE STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURSES IN ROMAN CATHOLIC DOCTRINE, PHILOSOPHY, THEOLOGY AND ASCETICAL AND ETHICAL FORMATION; CARE OF CHAPELS FOR ROMAN CATHOLIC WORSHIP; YOUTH CAMPS, CLUBS AND SPORTS ACTIVITIES. ESTABLISHMENT AND CARE OF FACILITIES TO CARRY OUT THESE ACTIVITES AND HOUSE THE STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill M Kipp Vice Preside | OfficerTrustee | 1 | $0 |
Gregory G Giebler Secretary/tr | OfficerTrustee | 1 | $0 |
Charles Cushnie President | OfficerTrustee | 1 | $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 | $1,495,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,495,267 |
| Total Program Service Revenue | $159,845 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,400 |
| 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 | $1,663,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $197,886 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,691 |
| Payroll taxes | $6,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,048 |
| Fees for services: Accounting | $1,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $192 |
| Office expenses | $265 |
| Information technology | $2,387 |
| Royalties | $0 |
| Occupancy | $71,354 |
| Travel | $15,662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,731 |
| Interest | $211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,052 |
| Insurance | $16,010 |
| All other expenses | $39 |
| Total functional expenses | $643,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,093 |
| Savings and temporary cash investments | $68,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,248 |
| 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 | $3,352,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,864,170 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,507,275 |
| Net assets with donor restrictions | $356,895 |
| 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 | $3,864,170 |
Grants Awarded
Over the last fiscal year, Association For Educational Development has awarded $197,886 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Des Plaines, IL PURPOSE: PROGRAM SUPPORT | $122,000 |
Chicago, IL PURPOSE: PROGRAM SUPPORT | $75,886 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Association For Educational Development has recieved totaling $22,049.
| Awarding Organization | Amount |
|---|---|
Castlewood Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $22,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy College Of Health Sciences Des Moines, IA | $43,076,870 | $20,537,196 |
Holy Cross Village At Notre Dame Inc Notre Dame, IN | $38,111,514 | $15,375,443 |
Catholic Council For Social Concern Inc Des Moines, IA | $7,346,426 | $6,681,494 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Society Of St Vincent De Paul Archdiocesan Council Of Indianapolis, IN | $9,105,471 | $5,968,988 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Marian Wayside Shrine Foundation Inc Saint John, IN | $16,789,912 | $5,177,827 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
United States Catholic Conference Barrington, IL | $18,377,452 | $2,584,855 |
Margarets Village Chicago, IL | $1,100,543 | $2,234,749 |