District 214 Education Foundation
- Assets
- $2.5m
- Revenue
- $943.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Arlington Hts, IL
- Founding
- 01/1989
- Data as of
- 06/2023
- EIN
- 36-3425698
Organization Overview
District 214 Education Foundation is located in Arlington Hts, IL. The organization was established in 1989. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, District 214 Education Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. District 214 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, District 214 Education Foundation generated $943.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $862.9k during the year ending 06/2023. While expenses have increased by 15.9% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE DISTRICT 214 EDUCATION FOUNDATION SUPPORTS STUDENTS AND FAMILIES THROUGH SCHOOL AND THROUGHOUT LIFE BY STRENGTHENING EDUCATION, FOSTERING WELL-BEING, AND EXPANDING OPPORTUNITIES. WE BELIEVE STRONG SCHOOLS BUILD STRONG COMMUNITIES, BUT ALSO BELIEVE IN THE POWER OF COMMUNITY RELATIONSHIPS AND PARTNERSHIPS TO ENSURE THAT LEARNERS WITHIN OUR SCHOOLS ARE PREPARED FOR COLLEGE, CAREER, AND LIFE SUCCESS. THE FOUNDATION WORKS TO SECURE AND PAIR FUNDING AND RESOURCES WITH NEEDS, CONTINUALLY EVALUATING THE NEEDS WITHIN DISTRICT 214 SCHOOLS AND THE EVOLVING PRIORITIES WITHIN EDUCATION. COLLECTIVELY, FOUNDATION TRUSTEES SERVE AS AMBASSADORS OF OUR MISSION, AND THE BOARD AND FOUNDATION STAFF WORK WITH SCHOOLS TO BOLSTER RELATIONSHIPS AND CREATE INNOVATIVE FUNDING OPPORTUNITIES AND SHAPE NEW PROGRAMS THAT ENSURE COLLEGE, CAREER AND LIFE READINESS. AN INVESTMENT IN THE FOUNDATION IS AN INVESTMENT IN THE FUTURE OF OUR ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAMS
OTHER PROGRAMS
SCHOLARSHIPS: WORKING WITH INDIVIDUAL DONORS AND ORGANIZATIONS, THE DISTRICT 214EDUCATION FOUNDATION CREATED ADDITIONAL AWARD OPPORTUNITIES FOR STUDENTS'POSTSECONDARY SUCCESS, AWARDING THOUSANDS OF DOLLARS TO STUDENTS IN AREAS INCLUDINGGIRLS ENTERING STEM AND LAW CAREERS; THOSE DEMONSTRATING COLLEGE, CAREER AND LIFEREADINESS; THOSE EXCELLING IN ATHLETICS; THOSE DEMONSTRATING ACHIEVEMENT THROUGHOUTSCHOOL ACADEMICALLY AND THROUGH VOLUNTEERISM AND CO-CURRICULAR INVOLVEMENT, ANDMORE. A NEW AWARDS FOR STUDENTS PURSUING A CAREERS IN A HUMAN SERVICES PROFESSION, TRANSPORTATION (AVIATION OR AUTOMOTIVE); OR HAVE A PASSION FOR THE ARTS AND A DESIRE TO TEACH OR PURSUE A CAREER IN THE ARTS FIELDS. STUDENTS IN THE DISTRICTS ADULT EDUCATION AND FAMILY LITERACY PROGRAM WERE AWARDED SCHOLARSHIP FUNDING TO COVER TO CITIZENSHIP TESTING AND GED FEES. THE FOUNDATION ALSO AWARDS SCHOLARSHIPS FOR THE PURPOSE OF PRIVATE MUSIC INSTRUCTION AND AP TESTING FEES. THE NUMBER OF AWARDS CONTINUES TO GROW AS RELATIONSHIPS ARE BUILT WITH DONORS.
SCHOLARSHIPS: WORKING WITH INDIVIDUAL DONORS AND ORGANIZATIONS, THE DISTRICT 214EDUCATION FOUNDATION CREATED ADDITIONAL AWARD OPPORTUNITIES FOR STUDENTS'POSTSECONDARY SUCCESS, AWARDING THOUSANDS OF DOLLARS TO STUDENTS IN AREAS INCLUDINGGIRLS ENTERING STEM AND LAW CAREERS; THOSE DEMONSTRATING COLLEGE, CAREER AND LIFEREADINESS; THOSE EXCELLING IN ATHLETICS; THOSE DEMONSTRATING ACHIEVEMENT THROUGHOUTSCHOOL ACADEMICALLY AND THROUGH VOLUNTEERISM AND CO-CURRICULAR INVOLVEMENT, ANDMORE. A NEW AWARDS FOR STUDENTS PURSUING A CAREERS IN A HUMAN SERVICES PROFESSION, TRANSPORTATION (AVIATION OR AUTOMOTIVE); OR HAVE A PASSION FOR THE ARTS AND A DESIRE TO TEACH OR PURSUE A CAREER IN THE ARTS FIELDS. STUDENTS IN THE DISTRICTS ADULT EDUCATION AND FAMILY LITERACY PROGRAM WERE AWARDED SCHOLARSHIP FUNDING TO COVER TO CITIZENSHIP TESTING AND GED FEES. THE FOUNDATION ALSO AWARDS SCHOLARSHIPS FOR THE PURPOSE OF PRIVATE MUSIC INSTRUCTION AND AP TESTING FEES. THE NUMBER OF AWARDS CONTINUES TO GROW AS RELATIONSHIPS ARE BUILT WITH DONORS.
ADULT ED.: THE FOUNDATION ANNUALLY PROVIDES A MINIMUM OF $15,000 FROM ITS GENERAL FUND TO ADULT EDUCATION AND FAMILY LITERACY INITIATIVES, WHICH EMPOWER GENERATIONS IN THE COMMUNITY--MANY OF THEM CURRENT OR FORMER PARENTS AND/OR NEW IMMIGRANTS--THROUGH EDUCATION. ADDITIONALLY, THE FOUNDATION OVERSEES THE ANNUAL APPEAL FOR THE READ TO LEARN PROGRAM, AN ADULT LITERACY TUTORING PROGRAM, AND SERVES AS THE FIDUCIARY AGENT FOR MANY ADULT EDUCATION AND FAMILY LITERACY GRANTS THAT EMPOWER TRANSFORMATIVE EDUCATION.
ADULT ED.: THE FOUNDATION ANNUALLY PROVIDES A MINIMUM OF $15,000 FROM ITS GENERAL FUND TO ADULT EDUCATION AND FAMILY LITERACY INITIATIVES, WHICH EMPOWER GENERATIONS IN THE COMMUNITY--MANY OF THEM CURRENT OR FORMER PARENTS AND/OR NEW IMMIGRANTS--THROUGH EDUCATION. ADDITIONALLY, THE FOUNDATION OVERSEES THE ANNUAL APPEAL FOR THE READ TO LEARN PROGRAM, AN ADULT LITERACY TUTORING PROGRAM, AND SERVES AS THE FIDUCIARY AGENT FOR MANY ADULT EDUCATION AND FAMILY LITERACY GRANTS THAT EMPOWER TRANSFORMATIVE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Munz Chair | OfficerTrustee | 1 | $0 |
Stu Paddock III Secretary | OfficerTrustee | 1 | $0 |
John Eilering Treasurer | OfficerTrustee | 1 | $0 |
Todd Younger Vice-Chair | OfficerTrustee | 1 | $0 |
Carl Anfenson Trustee | Trustee | 1 | $0 |
Mimi Cooper Trustee | Trustee | 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 | $893,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $893,460 |
| Total Program Service Revenue | $0 |
| Investment income | $49,645 |
| 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 | $943,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $711,528 |
| 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. | $76,905 |
| Compensation of current officers, directors, key employees. | $76,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,865 |
| Payroll taxes | $7,113 |
| 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 | $11,652 |
| Advertising and promotion | $0 |
| Office expenses | $1,467 |
| 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 | $214 |
| All other expenses | $0 |
| Total functional expenses | $862,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,903,945 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $643,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,547,288 |
| Accounts payable and accrued expenses | $2,724 |
| 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 | $2,724 |
| Net assets without donor restrictions | $88,587 |
| Net assets with donor restrictions | $2,455,977 |
| 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 | $2,547,288 |
Grants Awarded
Over the last fiscal year, District 214 Education Foundation has awarded $217,282 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HIGH SCHOOL DISTRICT 214 COMMUNITY EDUCATION PURPOSE: Education | $94,195 |
TOWNSHIP HIGH SCHOOL DISTRICT 214 PURPOSE: Education | $123,087 |