Career Education Scholarship Fund
- Assets
- $442.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 05/1999
- Data as of
- 12/2023
- EIN
- 36-4264158
Organization Overview
Career Education Scholarship Fund is located in Schaumburg, IL. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Career Education Scholarship Fund 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, Career Education Scholarship Fund generated $32.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.2%) each year. All expenses for the organization totaled $23.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (43.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PRIMARY PURPOSE OF THE CAREER EDUCATION SCHOLARSHIP FUND THE "FUND" IS TO GRANT BOTH NEED-BASED AND MERIT-BASED SCHOLARSHIPS TO QUALIFIED STUDENTS ENROLLED AT PERDOCEO EDUCATION CORPORATION "PEC" INSTITUTIONS. THE STUDENTS SEEK DOCTORATE MASTERS BACHELORS ASSOCIATES DEGREES AND CERTIFICATES IN CAREER-FOCUSED DISCIPLINES FOCUSING ON SKILL TO MEET THE NEEDS OF TODAYS BUSY ADULT STUDENTS. PEC IS ONE OF THE LARGEST POST-SECONDARY EDUCATION PROVIDERS IN THE COUNTRY; PEC CURRENTLY HAS AN ENROLLMENT OF OVER 35,000 STUDENTS AT 2 UNIVERSITIES. PEC STRIVES TO ENSURE THAT ALL OF ITS TRAINING IS RELEVANT TO AND MEETS THE CHANGING NEEDS OF ITS STUDENTS AND THE JOB MARKET. FIELDS OFFERED INCLUDE: BUSINESS AND MANAGEMENT NURSING HEALTH CARE MANAGEMENT HEALTH SCIENCES INFORMATION TECHNOLOGIES ENGINEERING EDUCATION AND CRIMINAL JUSTICE AMONG OTHERS. THERE IS A GREAT NEED FOR SCHOLARSHIPS FOR THE STUDENTS ATTENDING PEC INSTITUTIONS. APPROXIMATELY SEVENTY PERCENT OF THE STUDENTS ARE OVER THE AGE OF 30 SO MOST ARE PROVIDING THEIR OWN FINANCIAL SUPPORT FOR TUITION AND FOR DAILY LIVING EXPENSES. A MAJORITY OF OUR STUDENTS REQUIRE ASSISTANCE IN FINANCING THEIR EDUCATION. THE PEC ALUMNI AND OTHERS HAVE A DESIRE TO HELP OTHER STUDENTS SUCCEED. WITH THE FORMATION OF THE FUND PEC HAS PLEDGED TO PROVIDE ADDITIONAL SCHOLARSHIP FUNDS TO HELP MAKE EDUCATION PROGRAMS MORE READILY AVAILABLE TO ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence D Levin Director | 0.1 | $0 | |
William R Loesch Director | 0.1 | $0 | |
Conna Bral Vice President | 0.1 | $0 | |
Heidi L Heifetz Secretary | 0.1 | $0 | |
Jill Deatley Vice President | 0.1 | $0 | |
Kathleen Schnier President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,101 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10,931 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,032 |
| 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 | $12,641 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,078 |
| Total expenses | $22,959 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $440,394 |
| Other assets | $0 |
| Total assets | $442,398 |
| Total liabilities | $9,100 |
| Net assets or fund balances | $433,298 |