Illinois Association Of School Boards
- Assets
- $19.1m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 81
- Location
- Springfield, IL
- Founding
- 10/1943
- Data as of
- 06/2022
- EIN
- 31-1540788
Organization Overview
Illinois Association Of School Boards is located in Springfield, IL. The organization was established in 1943. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2023, Illinois Association Of School Boards employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Association Of School Boards 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, Illinois Association Of School Boards generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $11.0m during the year ending 06/2022. While expenses have increased by 0.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXCELLENCE IN SCHOOL GOVERNANCE AND SUPPORT OF PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, TRAINING PROGRAMS, WORKSHOPS, POLICY SERVICES, PUBLICATIONS, AND SPECIAL EVENTS TO FURTHER EXCELLENCE IN LOCAL SCHOOL GOVERNANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Kampwerth President | OfficerTrustee | 1 | $0 |
Mark Harms Vice President | OfficerTrustee | 1 | $0 |
Thomas Neeley Immediate Past President | OfficerTrustee | 1 | $0 |
Tim Custis Treasurer | OfficerTrustee | 1 | $0 |
Chris Buikema Director | Trustee | 1 | $0 |
Liz Campbell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $140,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $885,530 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $766,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,712,080 |
| Statement of Expenses | |
|---|---|
| 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. | $605,296 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,146,775 |
| Pension plan accruals and contributions | $397,666 |
| Other employee benefits | $1,463,933 |
| Payroll taxes | $234,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $329 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,537 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $648,176 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $537,094 |
| Travel | $349,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,882 |
| Interest | $0 |
| Payments to affiliates | $48,000 |
| Depreciation, depletion, and amortization | $327,196 |
| Insurance | $90,078 |
| All other expenses | $0 |
| Total functional expenses | $11,017,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,086 |
| Savings and temporary cash investments | $11,018,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $557,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $107,234 |
| Prepaid expenses and deferred charges | $165,549 |
| Investments—publicly traded securities | $4,478,176 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,135,066 |
| Accounts payable and accrued expenses | $387,533 |
| Grants payable | $0 |
| Deferred revenue | $6,042,589 |
| 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 | $6,430,122 |
| Net assets without donor restrictions | $12,704,944 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $12,704,944 |