North Chicago Public Education Foundation
- Assets
- $567.8k
- Revenue
- $321.2k
- Investments
- $0.0
- Employees
- 0
- Location
- North Chicago, IL
- Founding
- 02/2019
- Data as of
- 06/2023
- EIN
- 32-0583319
Organization Overview
North Chicago Public Education Foundation is located in North Chicago, IL. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public 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. North Chicago Public 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 06/2023, North Chicago Public Education Foundation generated $321.2k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AN ECOSYSTEM OF EDUCATIONAL SUPPORT AND ECONOMIC VITALITY FOR GRADUATES OF NORTH CHICAGO COMMUNITY HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR GRADUATES OF NORTH CHICAGO COMMUNITY HIGH SCHOOL. THE ORGANIZATION RAISES FUNDS TO PROVIDE SCHOLARSHIPS THAT ALLOW NORTH CHICAGO HIGH SCHOOL GRADUATES TO ATTEND THE COLLEGE OF LAKE COUNTY FOR TWO YEARS AT NO COST. WE COVER THE TUITION COSTS NOT COVERED BY OTHER GRANTS, REIMBURSE STUDENTS FOR THE COST OF BOOKS, AND PROVIDE A STIPEND FOR LIVING EXPENSES. THE REVENUE RAISED DURING THE 2022-23 FISCAL YEAR ALLOWED THE ORGANIZATION TO AWARD 20 SCHOLARSHIPS TO 2023 HIGH SCHOOL GRADUATES. EXPENSES FOR THOSE STUDENTS WILL BE PAID IN FUTURE YEARS. EXPENSES FOR THE 2022-23 FISCAL YEAR WERE FOR STUDENTS WHO RECEIVED SCHOLARSHIPS IN 2021 AND 2022.
EMERGENCY FUND. THE ORGANIZATION HAS RAISED FUNDS TO PROVIDE ASSISTANCE TO FAMILIES OF NORTH CHICAGO CUSD 187 STUDENTS WHO ARE EXPERIENCING A FINANCIAL CRISIS. GRANTS PROVIDED ASSISTANCE TO TEN FAMILIES.
GRANTS TO NORTH CHICAGO COMMUNITY UNIT SCHOOL DISTRICT 187. THE ORGANIZATION HAS RAISED FUNDS TO COVER THE COST OF NEW PROGRAMS FOR THE SCHOOL DISTRICT THAT SERVE THE STUDENTS OF NORTH CHICAGO. FUNDS RAISED DURING THE 2022-23 FISCAL YEAR WILL BE USED TO SUPPORT HOME-BASED CHILDCARE PROGRAMS IN NORTH CHICAGO AND THE DISTRICT'S WATERSHED PROGRAM, BOTH OF WHICH PROVIDE SUPPORTS TO CHILDREN AGES 0-5 WITH THE GOAL OF ENSURING KINDERGARTEN-READINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dora King President And Director | OfficerTrustee | 1 | $0 |
Sylvia Johnson Jones Director | Trustee | 1 | $0 |
Oscar Hawthorne Director | Trustee | 1 | $0 |
Gregory Volan Treasurer And Director | OfficerTrustee | 3 | $0 |
John Price Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,150 |
| Total Program Service Revenue | $0 |
| Investment income | $80 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,966 |
| Grants and other assistance to domestic individuals. | $130,149 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $28 |
| Total functional expenses | $181,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,751 |
| Savings and temporary cash investments | $200,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,850 |
| 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 | $567,751 |
| Accounts payable and accrued expenses | $47,321 |
| 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 | $47,321 |
| Net assets without donor restrictions | $483,609 |
| Net assets with donor restrictions | $36,821 |
| 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 | $567,751 |