Master Educational Assistance Foundation
- Assets
- $3.7m
- Revenue
- $92.0k
- Investments
- $3.3m
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 02/1988
- Data as of
- 12/2022
- 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 12/2022, Master Educational Assistance Foundation generated $92.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $349.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Master Educational Assistance Foundation has awarded 137 individual grants totaling $846,159. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND OTHER ASSISTANCE TO INNERCITY YOUTH, DISABLED PERSONS, LOW INCOME SENIORS, AND FAMILIES 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.
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 |
|---|---|---|---|
James Francis Zangrilli Executive Director | 30 | $10,000 | |
James Franklin Zangrilli Director | 30 | $35,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,540 |
| Dividends & Interest | $74,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,955 |
| 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 | $15,000 |
| Depreciation | $17,006 |
| Occupancy | $13,638 |
| Travel, conferences, and meetings | $7,609 |
| Printing and publications | $0 |
| Other expenses | $1,200 |
| Total operating and administrative expenses | $99,453 |
| Contributions, gifts, grants paid | $249,852 |
| Total expenses and disbursements | $349,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,862 |
| Savings and temporary cash investments | $314,201 |
| 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 | $3,400 |
| Total assets | $3,716,432 |
| 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 $249,852 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS PURPOSE: SCHOLARSHIP | $8,500 |
HVAC TECHINCAL INSTITUTE PURPOSE: SCHOLARSHIP | $4,400 |
UNIVERSITY OF WISCONSIN PURPOSE: SCHOLARSHIP | $1,000 |
MORTON COLLEGE PURPOSE: SCHOLARSHIP | $1,710 |
OLIVET NAZARENE PURPOSE: SCHOLARSHIP | $2,000 |
ST GERARD SCHOOL PURPOSE: SCHOLARSHIP | $3,300 |