Illinois Manufacturers Association Education Foundation
- Assets
- $156.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 06/2008
- Data as of
- 12/2023
- 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 12/2023, Illinois Manufacturers Association Education Foundation generated $52.0k 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 (23.7%) each year. All expenses for the organization totaled $15.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (34.7%) per year over the past 8 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
2023
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 |
|---|---|---|---|
Mark Denzler Treasurer | 18.75 | $0 | |
Brian Atwood Chair | 1 | $0 | |
Steve Kase Vice Chair | 1 | $0 | |
Keith Carman Director | 1 | $0 | |
Reverend Courtney Carson Director | 1 | $0 | |
Sherri Dublin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,445 |
| Gain or Loss | $1,228 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,973 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,489 |
| Total expenses | $14,989 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,048 |
| Other assets | $0 |
| Total assets | $156,232 |
| Total liabilities | $0 |
| Net assets or fund balances | $156,232 |
Grants Awarded
Over the last fiscal year, Illinois Manufacturers Association Education Foundation has awarded $161,402 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN IL UNIVERSITY PURPOSE: SUPPORT OF IAAC GRANT | $22,152 |
WILLIAM RAINEY HARPER COLLEGE PURPOSE: IAAC GRANT SUB-AWARD | $5,000 |
ELGIN COMMUNITY COLLEGE PURPOSE: IAAC GRANT SUB-AWARD | $12,500 |
GACC MIDWEST PURPOSE: SUPPORT OF IAAC GRANT | $44,250 |
MCHENRY COLLEGE PURPOSE: IAAC GRANT SUB-AWARD | $12,500 |
NORTHWEST EDUC COUNCIL FOR STUDENT SERVICES PURPOSE: IAAC GRANT SUB-AWARD | $7,500 |