Asa Education Foundation Inc
- Assets
- $15.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Itasca, IL
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 36-2938004
Organization Overview
Asa Education Foundation Inc is located in Itasca, IL. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asa 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, Asa Education Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.1m 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
TO FOSTER THE EDUCATIONAL DEVELOPMENT OF ITS MEMBERS AND TO PROMOTE INTEREST IN THEIR INDUSTRY AMONG STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER THE EDUCATIONAL DEVELOPMENT OF ITS MEMBERS, INCLUDING LEADERSHIP AND MANAGEMENT SKILLS, THROUGH SEMINARS AND PUBLICATIONS, AND TO PROMOTE INTEREST IN THEIR INDUSTRY AMONG STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Mcgoldrick President | OfficerTrustee | 5 | $0 |
Ruth Martin President-Elect | OfficerTrustee | 5 | $0 |
Michael Adelizzi Secretary (non-Voting) | OfficerTrustee | 5 | $0 |
Taylor Albano VP Of Education | Officer | 40 | $0 |
Brett Andrea Trustee | Trustee | 1 | $0 |
Colin Folk Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,580 |
| Total Program Service Revenue | $466,142 |
| Investment income | $1,526,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,309 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,328,353 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $50,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,308 |
| Pension plan accruals and contributions | $16,045 |
| Other employee benefits | $60,779 |
| Payroll taxes | $44,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,550 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,083 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,811 |
| Office expenses | $10,975 |
| Information technology | $5,185 |
| Royalties | $0 |
| Occupancy | $33,500 |
| Travel | $9,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,529 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,705 |
| Insurance | $8,438 |
| All other expenses | $6,604 |
| Total functional expenses | $1,110,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $472,698 |
| Pledges and grants receivable | $45,700 |
| Accounts receivable, net | $58,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,414 |
| Prepaid expenses and deferred charges | $24,424 |
| Net Land, buildings, and equipment | $4,223 |
| Investments—publicly traded securities | $15,111,813 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,737,482 |
| Accounts payable and accrued expenses | $58,814 |
| Grants payable | $0 |
| Deferred revenue | $37,721 |
| 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 | $96,535 |
| Net assets without donor restrictions | $384,186 |
| Net assets with donor restrictions | $15,256,761 |
| 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 | $15,737,482 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asa Education Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Louisville Corporate Depository In Louisville, KY PURPOSE: EDUCATION | $15,000 |
Endowment Analysis
| Beg. Balance | $11,154,675 |
| Net Contributions | $16,200 |
| Ending Balance | $11,170,875 |
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