Master Educational Assistance Foundation
- Assets
- $4.0m
- Revenue
- $239.5k
- Investments
- $3.3m
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 02/1988
- Data as of
- 12/2021
- EIN
- 36-3542174
Organization Overview
Master Educational Assistance Foundation is located in Oak Park, IL. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Master Educational Assistance 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 12/2021, Master Educational Assistance Foundation generated $239.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.8% each year . All expenses for the organization totaled $358.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Master Educational Assistance Foundation has awarded 80 individual grants totaling $596,307. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND OTHER ASSISTANCE TO INNERCITY YOUTH, DISABLED PERSONS, LOW INCOME SENIORS, AND CHILDREN OF MILITARY OR FIRST RESPONDERS
DONATIONS AND OTHER FINANCIAL OR IN-KIND ASSISTANCE TO VARIOUS CHARITABLE ORGANIZATIONS, SCHOOLS, CHURCHES, VETERANS GROUPS, MILITARY, POLICE MEMORIALS, ETC. (SEE PART XV)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Francis Zangrilli Executive Director | 25 | $35,000 | |
James Franklin Zangrilli Director | 8 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,258 |
| Dividends & Interest | $73,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,924 |
| Capital Gain Net Income | $164,924 |
| Net ST Capital Gain | $2,125 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $239,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $17,006 |
| Occupancy | $15,358 |
| Travel, conferences, and meetings | $7,390 |
| Printing and publications | $0 |
| Other expenses | $1,273 |
| Total operating and administrative expenses | $86,027 |
| Contributions, gifts, grants paid | $272,007 |
| Total expenses and disbursements | $358,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,162 |
| Savings and temporary cash investments | $486,264 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20,406 |
| Total assets | $3,973,782 |
| 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, Master Educational Assistance Foundation has awarded $272,007 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST THE KING HIGH SCHOOL PURPOSE: DONATION | $37,500 |
Jacksonville, IL PURPOSE: SCHOLARSHIP | $29,562 |
Chicago, IL PURPOSE: DONATION | $22,490 |
FRIEDA INC PURPOSE: DONATION | $20,000 |
Chicago, IL PURPOSE: DONATION | $18,000 |
Cicero, IL PURPOSE: DONATION | $13,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |