District 128 Foundation For Learning
- Assets
- $440.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vernon Hills, IL
- Founding
- 12/2007
- Data as of
- 06/2023
- EIN
- 35-2307544
Organization Overview
District 128 Foundation For Learning is located in Vernon Hills, IL. The organization was established in 2007. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. District 128 Foundation For Learning 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, District 128 Foundation For Learning generated $73.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $58.6k during the year ending 06/2023. While expenses have increased by 2.5% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THROUGH GRANTS, THE FOUNDATION GAVE COMMUNITY HIGH SCHOOL DISTRICT 128 SCHOOLS THE ABILITY TO OFFER STUDENTS VARIOUS PROGRAMS AND LEARNING OPPORTUNITIES ABOVE AND BEYOND THOSE FINANCED THROUGH TAX DOLLARS. STUDENTS HAVE BENEFITED BY BEING ABLE TO PARTICIPATE IN UNIQUE INNOVATIVE AND CREATIVE LEARNING EXPERIENCES AND PROGRAMS THAT WOULD NOT OTHERWISE HAVE BEEN AVAILABLE TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Eitel Trustee | 1 | $0 | |
Nancy Beaumont Board Chair | 1 | $0 | |
Erica Rendall Secretary | 3 | $0 | |
Jeanine Chyna Trustee | 1 | $0 | |
Mary Ann Eiserman Officer | 1 | $0 | |
Chittu Arun Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,062 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10,544 |
| Gain or Loss | $15,716 |
| Net Income from Gaming & Fundraising | $20,894 |
| Other Revenue | $0 |
| Total Revenue | $73,216 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $595 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,743 |
| Total expenses | $58,645 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $440,649 |
| Other assets | $0 |
| Total assets | $440,649 |
| Total liabilities | $0 |
| Net assets or fund balances | $440,649 |