Illinois Principals Association
- Assets
- $7.1m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 32
- Location
- Springfield, IL
- Founding
- 07/1972
- Data as of
- 06/2024
- EIN
- 36-2739730
Organization Overview
Illinois Principals Association is located in Springfield, IL. The organization was established in 1972. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2024, Illinois Principals Association employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Principals Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, Illinois Principals Association generated $9.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $8.4m during the year ending 06/2024. While expenses have increased by 10.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ILLINOIS PRINCIPALS ASSOCIATION IS TO DEVELOP, SUPPORT, & ADVOCATE FOR INNOVATIVE EDUCATIONAL LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ILLINOIS PRINCIPALS ASSOCIATION IS TO DEVELOP, SUPPORT, & ADVOCATE FOR INNOVATIVE EDUCATIONAL LEADERS.
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 |
|---|---|---|---|
Jason E Leahy Executive Di | Officer | 40 | $6,159 |
Brian Schwartz Dep Ex Dir/l | 40 | $185,171 | |
Susan Homes Dep Ex Dir | 40 | $152,232 | |
Marty Adams Kaskaskia St | Trustee | 2 | $0 |
Damien Aherne South Cook S | Trustee | 2 | $0 |
Lori Bilbrey Western | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,995,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,995,355 |
| Total Program Service Revenue | $4,357,747 |
| Investment income | $227,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,965,769 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,606,991 |
| Pension plan accruals and contributions | $231,356 |
| Other employee benefits | $252,235 |
| Payroll taxes | $169,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,200 |
| 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 | $210,038 |
| Information technology | $216,828 |
| Royalties | $0 |
| Occupancy | $148,588 |
| Travel | $107,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,459,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,479 |
| Insurance | $26,890 |
| All other expenses | $225,491 |
| Total functional expenses | $8,430,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $1,123,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,064 |
| 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 | $122,993 |
| Net Land, buildings, and equipment | $1,294,685 |
| Investments—publicly traded securities | $4,464,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,101,525 |
| Accounts payable and accrued expenses | $17,437 |
| Grants payable | $0 |
| Deferred revenue | $360,053 |
| 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 | $40,281 |
| Total liabilities | $417,771 |
| Net assets without donor restrictions | $6,683,754 |
| 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 | $7,101,525 |