Penn-Harris-Madison Educational Foundation Inc
- Assets
- $1.2m
- Revenue
- $210.7k
- Investments
- $568.8k
- Employees
- 4
- Location
- Mishawaka, IN
- Founding
- 01/1997
- Data as of
- 06/2020
- EIN
- 35-1996785
Organization Overview
Penn-Harris-Madison Educational Foundation Inc is located in Mishawaka, IN. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Penn-Harris-Madison Educational Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn-Harris-Madison Educational 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 06/2020, Penn-Harris-Madison Educational Foundation Inc generated $210.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $224.7k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT EXCELLENCE IN EDUCATION IN P-H-M SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS IN FALL 2020 AND SPRING 2021 FOR P-H-M TEACHERS AND VARIOUS SCHOOLS WITHIN THE P-H-M DISTRICT.
PROVIDED SCHOLARSHIPS IN FALL 2020 AND SPRING 2021 FOR STUDENTS TO VARIOUS UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Linn Wise Previous Executive Director | Officer | 30 | $40,910 |
Jennifer Turnblom Executive Director | OfficerTrustee | 30 | $0 |
Adam Allsop Treasurer | OfficerTrustee | 1.25 | $0 |
Pete Gillin President | OfficerTrustee | 0.5 | $0 |
Jim Tuesley ESQ Secretary | OfficerTrustee | 0.5 | $0 |
Donna Thacker Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,859 |
| Investment income | $1,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,250 |
| Net Income from Fundraising Events | $4,816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,712 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $634 |
| Fees for services: Accounting | $4,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,114 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,519 |
| Office expenses | $7,395 |
| 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 | $791 |
| All other expenses | $0 |
| Total functional expenses | $224,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $194,479 |
| Pledges and grants receivable | $387,718 |
| 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 |
| Investments—publicly traded securities | $80,764 |
| Investments—other securities | $568,836 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,231,797 |
| Accounts payable and accrued expenses | $38,970 |
| 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 | $17,500 |
| Total liabilities | $56,470 |
| Net assets without donor restrictions | $0 |
| 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 | $1,175,327 |
Grants Awarded
Over the last fiscal year, Penn-Harris-Madison Educational Foundation Inc has awarded $175,812 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
South Bend, IN PURPOSE: Kindness for Blindness | $45,000 |
South Bend, IN PURPOSE: Kindness for Blindness | $45,000 |
South Bend, IN PURPOSE: Kindness for Blindness | $45,000 |
P-H-M SCHOOL CORPORATION PURPOSE: Educational resources to benefit the students in the P-H-M School Corporation. | $13,604 |
P-H-M SCHOOL CORPORATION PURPOSE: Educational resources to benefit the students in the P-H-M School Corporation. | $13,604 |
P-H-M SCHOOL CORPORATION PURPOSE: Educational resources to benefit the students in the P-H-M School Corporation. | $13,604 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Penn-Harris-Madison Educational Foundation Inc has recieved totaling $28,788.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of St Joseph County Inc South Bend, IN PURPOSE: Unrestricted | $27,788 |
Schwartz Wiekamp Foundation Granger, IN PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $568,337 |
| Earnings | $188,327 |
| Net Contributions | $48,572 |
| Grants | $27,535 |
| Ending Balance | $777,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert R Mccormick Foundation Chicago, IL | $1,522,880,168 | $43,489,096 |
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Galesburg Community Foundation Galesburg, IL | $41,357,933 | $5,623,656 |