Illinois Manufacturers Association Education Foundation
- Assets
- $110.3k
- Revenue
- $27.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 36-3686904
Organization Overview
Illinois Manufacturers Association Education Foundation is located in Springfield, IL. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Illinois Manufacturers Association Education 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, Illinois Manufacturers Association Education Foundation generated $27.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (32.8%) each year. All expenses for the organization totaled $1.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (57.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Illinois Manufacturers Association Education Foundation has awarded 51 individual grants totaling $1,710,774. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE VOCATIONAL, EDUCATIONAL, CHARITABLE AND SCIENTIFIC INTERESTS INCLUDING ACTIVITIES WHICH FOSTER ACCOUNTABILITY AND FREEDOM OF CHOICE.
Describe the Organization's Program Activity:
DONATIONS MADE TO ACADEMIC INSTITUTIONS TO SUPPORT MANUFACTURING CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kase Vice Chair | OfficerTrustee | 1 | $0 |
Mark Denzler Treasurer | OfficerTrustee | 18.75 | $0 |
Brian Atwood Chair | OfficerTrustee | 1 | $0 |
Sherri Dublin Director | Trustee | 1 | $0 |
Cathy Taylor Director | Trustee | 1 | $0 |
Keith Carman 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 | $27,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,592 |
| Total Program Service Revenue | $0 |
| Investment income | $65 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $163 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,249 |
| 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 | $27,017 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $110,266 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $82,749 |
| Net assets with donor restrictions | $27,517 |
| 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 | $110,266 |
Grants Awarded
Over the last fiscal year, Illinois Manufacturers Association Education Foundation has awarded $161,402 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: SUPPORT OF IAAC GRANT | $44,250 |
Dekalb, IL PURPOSE: SUPPORT OF IAAC GRANT | $22,152 |
Belleville, IL PURPOSE: IAAC GRANT SUB-AWARD | $15,000 |
Peoria, IL PURPOSE: IAAC GRANT SUB-AWARD | $12,500 |
Elgin, IL PURPOSE: IAAC GRANT SUB-AWARD | $12,500 |
SEYER INDUSTRIES PURPOSE: IAAC GRANT SUB-AWARD | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Manufacturers Association Education Foundation has recieved totaling $25,175.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $25,175 |
Endowment Analysis
| Earnings | $228 |
| Admin Expense | $3 |
| Net Contributions | $27,292 |
| Ending Balance | $27,517 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
Jocotoco Conservation Foundation Chicago, IL | $1,868,451 | $2,719,939 |