Vigo County Education Foundation Inc
- Assets
- $2.0m
- Revenue
- $343.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Terre Haute, IN
- Founding
- 08/1984
- Data as of
- 06/2022
- EIN
- 31-1104841
Organization Overview
Vigo County Education Foundation Inc is located in Terre Haute, IN. The organization was established in 1984. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Vigo County Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vigo County Education Foundation Inc 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 06/2022, Vigo County Education Foundation Inc generated $343.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $319.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH COMMUNITY SUPPORT, THE VIGO COUNTY EDUCATION FOUNDATION PROVIDES PROGRAMS AND PROJECTS THAT ENHANCE AND ENRICH PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AWARDS, GRANTS AND SCHOLARSHIPS TO VIGO COUNTY PUBLIC SCHOOL TEACHERS AND STUDENTS. SPONSORS ACADEMIC COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Nichols Executive Dir. | Trustee | 40 | $62,817 |
Jerome M Case Treasurer | OfficerTrustee | 5 | $0 |
Gail Thompson President | OfficerTrustee | 5 | $0 |
Cindy Cox Secretary | OfficerTrustee | 0 | $0 |
Alpa Patel Vice President | OfficerTrustee | 5 | $0 |
Lori Danielson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,333 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,547 |
| Noncash contributions included in lines 1a–1f | $7,333 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,880 |
| Total Program Service Revenue | $0 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,934 |
| Net Income from Fundraising Events | $67,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $198,946 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,817 |
| Compensation of current officers, directors, key employees. | $62,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,737 |
| Pension plan accruals and contributions | $3,000 |
| Other employee benefits | $0 |
| Payroll taxes | $7,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $995 |
| Advertising and promotion | $4,164 |
| Office expenses | $1,848 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $321 |
| All other expenses | $34 |
| Total functional expenses | $319,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,872 |
| Savings and temporary cash investments | $1,747,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,960,132 |
| Accounts payable and accrued expenses | $13,796 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,796 |
| Net assets without donor restrictions | $172,396 |
| Net assets with donor restrictions | $1,773,940 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,960,132 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Vigo County Education Foundation Inc has recieved totaling $65,462.
| Awarding Organization | Amount |
|---|---|
Wabash Valley Community Foundation Inc Terre Haute, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $21,289 |
Larry Paul Fleschner Charitable Foundation Terre Haute, IN PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $17,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $10,000 |
Gregory L Gibson Charitable Foundation Inc Terre Haute, IN PURPOSE: CONTRIBUTION FOR GENERAL OPERATIONS | $5,000 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $3,850 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |