Geneva Academic Foundation
- Assets
- $690.5k
- Revenue
- $105.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Geneva, IL
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 36-3525778
Organization Overview
Geneva Academic Foundation is located in Geneva, IL. The organization was established in 1989. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Geneva Academic 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 12/2021, Geneva Academic Foundation generated $105.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $18.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GENEVA ACADEMIC FOUNDATION GAF PROVIDES EDUCATIONAL EXPERIENCES AND OPPORTUNITIES THROUGH STUDENT SCHOLARSHIPS AND CLASSROOM GRANTS FOR TECHNOLOGY, PROGRAMS, AND EQUIPMENT THROUGHOUT GENEVA COMMUNITY SCHOOL DISTRICT 304, GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS TO TEACHERS FOR EQUIPMENT AND SUPPLIES SERVING APPROXIMATELY 5,600 STUDENTS WITH APPROXIMATELY 400 TEACHERS, AS WELL AS SCHOLARSHIPS TO FOUR STUDENTS WHO CONTINUED THEIR EDUCATIONS AT THE POST-SECONDARY LEVEL.
SPONSORED CUB SCOUT PACK 239, BUT ONLY THROUGH NOVEMBER 2021
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Amaya Director | OfficerTrustee | 3 | $0 |
Brian Zdeblick Director | OfficerTrustee | 5 | $0 |
Julie Post-Smith President | OfficerTrustee | 5 | $0 |
Heidi Pryor Secretary | OfficerTrustee | 1 | $0 |
David Atkinson Treasurer | OfficerTrustee | 5 | $0 |
Edward Donat Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,597 |
| Fundraising events | $4,550 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,547 |
| Total Program Service Revenue | $0 |
| Investment income | $24,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,297 |
| Net Income from Fundraising Events | $3,330 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $105,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,263 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,030 |
| Insurance | $0 |
| All other expenses | $11 |
| Total functional expenses | $18,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,001 |
| 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 | $639,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $690,497 |
| 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 | $259,510 |
| Net assets with donor restrictions | $430,987 |
| 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 | $690,497 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Geneva Academic Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Buchanan Family Foundation Lake Forest, IL PURPOSE: GENERAL, OPERATING, ENDOWMENT OR CAPITAL. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Periodontology Chicago, IL | $22,143,613 | $10,653,042 |
Tri-County Child And Family Development Council Inc Waterloo, IA | $2,164,616 | $9,342,746 |
Irvington Community School Inc Indianapolis, IN | $11,536,265 | $10,230,749 |
Urban Prep Academies Chicago, IL | $1,211,865 | $11,715,247 |
Christian Academy Of Indiana Inc Louisville, KY | $12,007,118 | $10,041,180 |
Evansville Christian School Inc Evansville, IN | $23,040,172 | $14,170,255 |
St Louis Language Immersion Schools Inc St Louis, MO | $5,780,946 | $7,344,895 |
Crown Point Christian School Association Inc St John, IN | $17,763,143 | $11,392,126 |
Oak Farm School Inc Avilla, IN | $30,325,105 | $11,726,261 |
University Lake School Inc Hartland, WI | $13,151,982 | $7,209,349 |
Alain Locke Charter School Chicago, IL | $5,862,579 | $7,260,033 |
Chicago Virtual Charter School Chicago, IL | $3,313,930 | $7,688,889 |