Council For Investment In Education
- Assets
- $478.9k
- Revenue
- $10.8k
- Investments
- $469.5k
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 04/1972
- Data as of
- 03/2023
- EIN
- 23-7215349
Organization Overview
Council For Investment In Education is located in Salt Lake City, UT. The organization was established in 1972. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For Investment In Education 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 03/2023, Council For Investment In Education generated $10.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $44.8k during the year ending 03/2023. While expenses have increased by 1.4% per year over the past 7 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.
Since 2018, Council For Investment In Education has awarded 55 individual grants totaling $318,027. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS TO EDUCATIONAL INSTITUTIONS TO PROVIDE CHILDREN WITH OPPORTUNITIES TO LEARN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Phillips Trustee | 1 | $0 | |
Kathy Millet Trustee | 1 | $0 | |
Shauna Vanburen Trustee | 1 | $0 | |
John Haglund Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,770 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$192 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,312 |
| Taxes | $386 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $134 |
| Total operating and administrative expenses | $8,832 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $44,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,329 |
| Savings and temporary cash investments | $0 |
| 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 | $478,866 |
| 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 | $128,708 |
| Other liabilities | $0 |
| Total liabilities | $128,708 |
Grants Awarded
Over the last fiscal year, Council For Investment In Education has awarded $119,322 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVESRITY OF OREGON PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $4,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $2,000 |
ROTARY CLUB OF MILLCREEK PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $1,000 |
SALT LAKE COMMUNITY COLLEGE PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $2,000 |
NEIGHBORHOOD HOUSE PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $3,000 |
BRIGHAM YOUNG UNIVERSITY IDAHO PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
No Barriers Usa Fort Collins, CO | $1,334,762 | $1,512,489 |
O C E A N Chandler, AZ | $0 | $540,755 |
Foundation For Academic Cultural Exchange Reno, NV | $142,317 | $0 |
Cowboy Country Rotary Youth Exchange District 5440 Inc Torrington, WY | $101,518 | $0 |
Foundation For Global Scholars Boulder, CO | $179,336 | $798 |
Council For Investment In Education Salt Lake City, UT | $478,866 | $10,778 |
International Student Exchange Program Tacoma Public H Sch End Fd Las Vegas, NV | $177,696 | $0 |