Urban Non Public Education Fund
- Assets
- $2.1m
- Revenue
- $365.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 04/1989
- Data as of
- 06/2021
- EIN
- 36-3634360
Organization Overview
Urban Non Public Education Fund, operating under the name Bright Promise Fund For Urbn Chr Ed, is located in Chicago, IL. The organization was established in 1989. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Bright Promise Fund For Urbn Chr Ed employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Promise Fund For Urbn Chr Ed 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 06/2021, Bright Promise Fund For Urbn Chr Ed generated $365.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $418.8k during the year ending 06/2021. While expenses have increased by 1.9% 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.
Since 2015, Bright Promise Fund For Urbn Chr Ed has awarded 104 individual grants totaling $2,004,740. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN AND SUSTAIN PARTNER CHRISTIAN SCHOOLS BY GENERATING NEW SOURCES OF REVENUE SO THAT MORE FAMILIES MAY EXPERIENCE THE BENEFIT FROM URBAN CHRISTIAN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUNDS RAISED WILL BE DIVIDED AMONG THE FIFTEEN AFFILIATED CHRISTIAN SCHOOLS IT SERVES, IN THE CONFIDENCE THAT EACH LOCAL SCHOOL BOARD KNOWS BEST AS TO WHICH PRIORITIES TO ADDRESS. MOST OFTEN, THE HIGHEST PRIORITY IS PROVIDING TUITION ASSISTANCE TO FAMILIES IN NEED. OTHER PRIORITIES MAY INCLUDE EMERGENCY CAPITAL NEEDS OR PROFESSIONAL DEVELOPMENT FOR TEACHERS AND ADMINISTRATORS.
THE ORGANIZATION SEEKS TO PROVIDE A PROFESSIONAL NETWORK FOR CHRISTIANS INVOLVED IN PRIVATE, PUBLIC, AND CHRISTIAN EDUCATION IN URBAN NORTH AMERICA BY PROVIDING SUPPORT FOR THE CENTER FOR CHRISTIAN URBAN EDUCATORS.
THE ORGANIZATION IS A SCHOLARSHIP GRANTING ORGANIZATION UNDER THE ILLINOIS INVEST IN KIDS SCHOLARSHIP TAX CREDIT PROGRAM. THE ORGANIZATION RECEIVES CONTRIBUTIONS AND ISSUES SCHOLARSHIPS TO MEMBER SCHOOLS ON BEHALF OF ELIGIBLE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Blom Executive Di | Officer | 40 | $76,002 |
Martin Ozinga IV President | OfficerTrustee | 3 | $0 |
Felecia Thompson Chairman / S | OfficerTrustee | 3 | $0 |
Chris Wiesehan Treasurer | OfficerTrustee | 3 | $0 |
William Davids Director | Trustee | 3 | $0 |
Ryne Deboer Director | Trustee | 3 | $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 | $186,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,848 |
| Total Program Service Revenue | $29,859 |
| Investment income | $20,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $113,258 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $270,000 |
| 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. | $76,002 |
| Compensation of current officers, directors, key employees. | $7,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $155 |
| Fees for services: Accounting | $13,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,977 |
| Advertising and promotion | $0 |
| Office expenses | $4,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,300 |
| Travel | $185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,230 |
| Insurance | $1,431 |
| All other expenses | $288 |
| Total functional expenses | $418,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,647 |
| Savings and temporary cash investments | $81,099 |
| 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 | $5,460 |
| Net Land, buildings, and equipment | $4,539 |
| Investments—publicly traded securities | $1,751,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,070,023 |
| Accounts payable and accrued expenses | $383,717 |
| 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 | $383,717 |
| Net assets without donor restrictions | $1,685,831 |
| Net assets with donor restrictions | $475 |
| 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 | $2,070,023 |
Grants Awarded
Over the last fiscal year, Urban Non Public Education Fund has awarded $270,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PUI-TAK CHRISTIAN SCHOOL PURPOSE: GENERAL SUPPORT | $42,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $42,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $42,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $42,000 |
Oak Park, IL PURPOSE: GENERAL SUPPORT | $20,000 |
Oak Park, IL PURPOSE: GENERAL SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Urban Non Public Education Fund has recieved totaling $21,578.
| Awarding Organization | Amount |
|---|---|
The Fjk Private Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $6,000 |
Brandsma Family Foundation Wilmington, DE PURPOSE: BRIGHT PROMISE FUND VISION PLAN | $5,000 |
Brandsma Family Foundation Wilmington, DE PURPOSE: GIVING TUESDAY | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Endowment Analysis
| Beg. Balance | $1,420,427 |
| Earnings | $434,813 |
| Net Contributions | $13,316 |
| Other Expense | $215,000 |
| Ending Balance | $1,653,556 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $418,149,768 | $41,619,440 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |