Aon Memorial Education Fund
- Assets
- $1.6m
- Revenue
- $45.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 36-4468038
Organization Overview
Aon Memorial Education Fund is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aon Memorial Education 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, Aon Memorial Education Fund generated $45.8k 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 (5.1%) each year. All expenses for the organization totaled $158.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Heneghan Vice President/director | 1 | $0 | |
Matthew Cavanaugh Vice President & Secretary | 1 | $0 | |
Robert E Lee Vice President & Asst Treasurer | 1 | $0 | |
Jeremy Go Farmer Director | 0.1 | $0 | |
Paul A Hagy President & Treasurer/director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,292 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,389 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,843 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $12,662 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $630 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $540 |
| Total operating and administrative expenses | $41,538 |
| Contributions, gifts, grants paid | $116,594 |
| Total expenses and disbursements | $158,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $14,282 |
| 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 | $19,759 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $41 |
| Total assets | $1,554,975 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $58,125 |
| 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 | $58,125 |