Oak Park Education Foundation
- Assets
- $446.1k
- Revenue
- $653.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Oak Park, IL
- Founding
- 03/1988
- Data as of
- 08/2023
- EIN
- 36-3488162
Organization Overview
Oak Park Education Foundation is located in Oak Park, IL. The organization was established in 1988. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 08/2023, Oak Park Education Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Park 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 08/2023, Oak Park Education Foundation generated $653.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $611.6k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. 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
TO BRING HANDS-ON STEAM OPPORTUNITIES TO YOUTH THAT INSPIRE A LIFE-LONG LOVE OF LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCEMENT OF EDUCATION AT OAK PARK DISTRICT 97 INCLUDED THE FOUNDATION'S ART START, GEARED UP, SPOKEN WORD, AND VEX ROBOTICS PROGRAMS AND BASE CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Truelove President | OfficerTrustee | 3 | $0 |
Bob Walicki Treasurer | OfficerTrustee | 3 | $0 |
Carrie Cotter Secretary | Trustee | 3 | $0 |
Molly Andolino Vice President | Trustee | 1 | $0 |
Jason Cascarino Vice President | Trustee | 1 | $0 |
Jennifer Howat Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,285 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,857 |
| Total Program Service Revenue | $545,256 |
| Investment income | $2,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $100,803 |
| Compensation of current officers, directors, key employees. | $18,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $259,362 |
| Advertising and promotion | $2,812 |
| Office expenses | $56,702 |
| 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 | $20,633 |
| All other expenses | $0 |
| Total functional expenses | $611,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,461 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $147 |
| 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 | $510 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $446,118 |
| Accounts payable and accrued expenses | $94 |
| 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 | $94 |
| Net assets without donor restrictions | $399,713 |
| Net assets with donor restrictions | $46,311 |
| 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 | $446,118 |