Iaap Education Foundation
- Assets
- $92.3k
- Revenue
- $7.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 37-1398736
Organization Overview
Iaap Education Foundation is located in Springfield, IL. The organization was established in 0000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. Iaap 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, Iaap Education Foundation generated $7.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $11.0k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING THE PURPOSE OF PROVIDING GRANTS AND SCHOLARSHIPS TO ELIGIBLE APPPLICANTS. ONE $3,000 AND 4 $2,000 SCHOLARSHIPS WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Keeler Chair | 1 | $0 | |
Dan Eichholz Secretary/treasurer | 1 | $0 | |
Anne Cramer Vice-Chair | 1 | $0 | |
Dan Larson Vice-Chair | 1 | $0 | |
Hugh Gallivan Director | 1 | $0 | |
Alan Shoemaker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,038 |
| Interest on Savings | $1,157 |
| Dividends & Interest | $0 |
| 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 | $7,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37 |
| Total operating and administrative expenses | $37 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $11,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,342 |
| 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 | $0 |
| Total assets | $92,342 |
| 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, Iaap Education Foundation has awarded $11,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AARON MICKELSON - ST NORBERT COLLEG PURPOSE: SCHOLARSHIP | $3,000 |
ROMAN BOISVERT - UNIVERSAL TECHNICA PURPOSE: SCHOLARSHIP | $2,000 |
GERMAN LAITON HERNANDEZ - ILLINOIS PURPOSE: SCHOLARSHIP | $2,000 |
MATTHEW TIPTON - SOUTHERN ILLINOIS PURPOSE: SCHOLARSHIP | $2,000 |
HANNAH MCKOON - AUGUSTANA COLLEGE PURPOSE: SCHOLARSHIP | $2,000 |