Association For Educational Development
- Assets
- $5.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Chicago, IL
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 36-2649305
Organization Overview
Association For Educational Development is located in Chicago, IL. The organization was established in 1967. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Association For Educational Development employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Educational Development 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 12/2022, Association For Educational Development generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $679.8k during the year ending 12/2022. While expenses have increased by 6.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COURSES IN ROMAN CATHOLIC DOCTRINE, PHILOSOPHY, THEOLOGY AND ASCETICAL AND ETHICAL FORMATION; TO PROVIDE CARE OF CHAPELS FOR ROMAN CATHOLIC WORSHIP; TO PROVDE YOUTH CAMPS, CLUBS AND SPORTS ACTIVITIES; AND TO ESTABLISH AND CARE FOR FACILITES USED TO CARRY OUT THESE ACTIVITIES AND HOUSE THE STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURSES IN ROMAN CATHOLIC DOCTRINE, PHILOSOPHY, THEOLOGY AND ASCETICAL AND ETHICAL FORMATION; CARE OF CHAPELS FOR ROMAN CATHOLIC WORSHIP; YOUTH CAMPS, CLUBS AND SPORTS ACTIVITIES. ESTABLISHMENT AND CARE OF FACILITIES TO CARRY OUT THESE ACTIVITES AND HOUSE THE STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Kipp Vice Preside | OfficerTrustee | 1 | $0 |
Gregory G Giebler Secretary | OfficerTrustee | 1 | $0 |
Charles Cushnie President | OfficerTrustee | 1 | $0 |
Timothy S Barry Vice Preside | OfficerTrustee | 1 | $0 |
David M Gallagher President | OfficerTrustee | 1 | $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 | $1,898,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,898,803 |
| Total Program Service Revenue | $148,599 |
| Investment income | $397 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,900 |
| 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 | $20 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,056,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $208,948 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,923 |
| Payroll taxes | $11,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,726 |
| Fees for services: Accounting | $1,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $159 |
| Office expenses | $86 |
| Information technology | $2,620 |
| Royalties | $0 |
| Occupancy | $55,311 |
| Travel | $25,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,118 |
| Insurance | $11,879 |
| All other expenses | -$483 |
| Total functional expenses | $679,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,184 |
| Savings and temporary cash investments | $118,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,541 |
| 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 | $4,883,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,240,642 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $5,006,116 |
| Net assets with donor restrictions | $234,526 |
| 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 | $5,240,642 |
Grants Awarded
Over the last fiscal year, Association For Educational Development has awarded $208,948 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILLOWS ACADEMY PURPOSE: PROGRAM SUPPORT | $120,000 |
CASTLEWOOD FOUNDATION INC PURPOSE: PROGRAM SUPPORT | $88,948 |