Chicago Foundation For Education
- Assets
- $115.6k
- Revenue
- $99.5k
- Investments
- $0.0
- Employees
- 2
- Location
- LaGrange Park, IL
- Founding
- 04/1986
- Data as of
- 06/2023
- EIN
- 36-3429023
Organization Overview
Chicago Foundation For Education is located in LaGrange Park, IL. The organization was established in 1986. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Chicago Foundation For Education employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Foundation For Education 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 06/2023, Chicago Foundation For Education generated $99.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $463.2k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE & ENHANCE EDUCATIONAL EXPERIENCES PROVIDED IN CHICAGO'S PUBLIC ELEMENTARY SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIEF FUND/EDUCATOR IMPACT FUND - AIMS TO FURNISH SCHOOL COMMUNITIES WITH THE DIGITAL LEARNING TOOLS, PHYSICAL EQUIPMENT, AND OTHER CLASSROOM SUPPLIES NECESSARY TO SUPPORT HIGH QUALITY INSTRUCTION AND ENGAGEMENT.
CFE AND TEACHERS SUPPORTING TEACHERS PARTNER ON THE CFE | TST IMPACT GRANT PROGRAM THAT AWARDS FUNDING TO TST IMPACT TEAMS TO COVER SCHOOL-WIDE PROJECT SUPPLIES AND RESOURCES. $500 EACH.
ACTION RESEARCH LEADERSHIP INSTITUTE - DEVELOP THE ANALYTICAL CAPACITY AND LEADERSHIP POTENTIAL OF CHICAGO'S MOST OUTSTANDING EDUCATORS. PARTICIPANTS CONDUCT ACTION RESEARCH PROJECTS WITH STUDENTS IN THEIR SCHOOLS, WITH A KEEN FOCUS ON IMPROVING STUDENT EXPERIENCES AND ENHANCING SUCCESS. FELLOWS ARE PROVIDED OPPORTUNITIES TO SHARE DATA AND RESULTING POLICY RECOMMENDATIONS WITH COLLEAGUES AND OTHER CHICAGO-AREA EDUCATION LEADERS.
STUDY GROUP GRANTS - PROVIDES FUNDING FOR CFE-TST IMPACT TEAMS' SCHOOL-WIDE PROJECTS. GRANTS ARE AWARDED TO "TEACHER LIAISONS" TO HELP COVER SUPPLIES AND GENERAL RESOURCES COSTS ASSOCIATED WITH RUNNING THE "IMPACT TEAM MEMBERS AND ACCOMPLISHING COLLECTIVE TEAM GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Patock Chairperson | OfficerTrustee | 2 | $0 |
Talbott Baldwin Vice Chairperson | OfficerTrustee | 2 | $0 |
Rebecca Watts Secretary | OfficerTrustee | 1 | $0 |
Chris Smith Treasurer | OfficerTrustee | 1 | $0 |
Mary Beth Canfield Director | Trustee | 1 | $0 |
Brian Duwe Director | Trustee | 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 | $95,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,513 |
| Total Program Service Revenue | $0 |
| Investment income | $3,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $99,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $269,864 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,701 |
| Compensation of current officers, directors, key employees. | $6,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,421 |
| Advertising and promotion | $0 |
| Office expenses | $1,224 |
| Information technology | $14,162 |
| Royalties | $0 |
| Occupancy | $833 |
| Travel | $136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,548 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,365 |
| All other expenses | $10,165 |
| Total functional expenses | $463,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,642 |
| Accounts payable and accrued expenses | $3,504 |
| 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 | $3,504 |
| Net assets without donor restrictions | $112,138 |
| 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 | $115,642 |