Associated Colleges Of Illinois Inc
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 08/1954
- Data as of
- 05/2022
- EIN
- 36-2252360
Organization Overview
Associated Colleges Of Illinois Inc is located in Chicago, IL. The organization was established in 1954. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 05/2022, Associated Colleges Of Illinois Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Colleges Of Illinois 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 05/2022, Associated Colleges Of Illinois Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.4m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Associated Colleges Of Illinois Inc has awarded 202 individual grants totaling $4,793,317. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSOCIATED COLLEGES OF ILLINOIS SUPPORTS MEMBER COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SERVICES TO MEMBER COLLEGES AND UNIVERSITIES
PEER MENTORING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell G Weltman Executive Director | Officer | 40 | $137,826 |
Lyn Bullman Chair | OfficerTrustee | 1 | $0 |
Georgia Nugent Trustee | Trustee | 1 | $0 |
Angela T Allen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jim Applegate Trustee | Trustee | 1 | $0 |
Justin Lee Allen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $620,792 |
| Total Program Service Revenue | $650,715 |
| Investment income | $7,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,813 |
| Net Income from Fundraising Events | $15,828 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,309,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $541,840 |
| 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. | $142,655 |
| Compensation of current officers, directors, key employees. | $54,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,290 |
| Payroll taxes | $35,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,324 |
| Fees for services: Other | $159,363 |
| Advertising and promotion | $0 |
| Office expenses | $9,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,889 |
| Travel | $5,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $593 |
| Insurance | $14,950 |
| All other expenses | $0 |
| Total functional expenses | $1,386,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,408 |
| Savings and temporary cash investments | $4,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,900 |
| 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 | $12,883 |
| Net Land, buildings, and equipment | $4,047 |
| Investments—publicly traded securities | $735,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,061,635 |
| Accounts payable and accrued expenses | $17,436 |
| Grants payable | $284,290 |
| 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 | $301,726 |
| Net assets without donor restrictions | $160,699 |
| Net assets with donor restrictions | $599,210 |
| 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 | $1,061,635 |
Grants Awarded
Over the last fiscal year, Associated Colleges Of Illinois Inc has awarded $541,840 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Joliet, IL PURPOSE: Educational Activities | $22,600 |
Elgin, IL PURPOSE: Educational Activities | $22,500 |
Lisle, IL PURPOSE: Educational Activities | $22,500 |
Galesburg, IL PURPOSE: Educational Activities | $22,500 |
Lebanon, IL PURPOSE: Educational Activities | $22,500 |
Romeoville, IL PURPOSE: Educational Activities | $22,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Colleges Of Illinois Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Allyn Foundation Incorporated A Delaware Corp Hinsdale, IL PURPOSE: EDUCATION PROGRAMS | $3,000 |
Endowment Analysis
| Beg. Balance | $518,183 |
| Earnings | -$11,281 |
| Grants | $10,370 |
| Ending Balance | $496,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Augustine Preparatory Academy Inc Milwaukee, WI | $57,201,795 | $17,148,722 |
The Center Resources For Teaching And Learning Arlington Heights, IL | $6,192,326 | $12,914,768 |
The Opportunity Trust St Louis, MO | $4,217,060 | $10,924,434 |
Columbus Learning Center Management Corporation Columbus, IN | $38,848,062 | $6,215,911 |
Action For Healthy Kids Inc Chicago, IL | $3,842,848 | $2,908,557 |
Kids First Chicago For Education Chicago, IL | $7,952,532 | $6,200,779 |
Southeast South-Central Educational Cooperative Richmond, KY | $1,249,010 | $3,554,543 |
The Nucleus Real Properties Inc Louisville, KY | $0 | $6,292,812 |
High Jump Chicago, IL | $1,713,068 | $2,378,677 |
Center For Leadership In School Reform Inc Louisville, KY | $1,028,885 | $1,548,172 |
Board Of Jewish Education Of Metropolitan Chicago Northbrook, IL | $1,310,378 | $2,337,211 |
American Foundation Of The Imperial War Museum Inc Chicago, IL | $136,354 | $1,504,610 |