Daystar Education Association
- Assets
- $10.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 62
- Location
- Chicago, IL
- Founding
- 02/1998
- Data as of
- 07/2023
- EIN
- 36-3691871
Organization Overview
Daystar Education Association is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Daystar Education Association employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daystar Education Association 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 07/2023, Daystar Education Association generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.2m during the year ending 07/2023. While expenses have increased by 6.8% per year over the past 8 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
PROVIDE A CHRISTIAN EDUCATION TO CHICAGOLAND CHILDREN IN GRADES PRE-KINDERGARTEN THROUGH TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPOWERING CHILDREN PRE-K THROUGH 12TH GRADE TO POSITIVELY IMPACT THE WORLD THROUGH A FAITH-BASED, CULTURALLY-ENGAGED, GLOBALLY-MINDED EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deena Marie Carr President | OfficerTrustee | 3 | $0 |
Rachel Barnard Treasurer | OfficerTrustee | 2 | $0 |
Clive Craigen Vice President And Secretary | OfficerTrustee | 2 | $0 |
Lauren Elrod Director | Trustee | 2 | $0 |
Laverne Horton Director | Trustee | 2 | $0 |
Trevor Good Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $690,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,997 |
| Total Program Service Revenue | $3,128,556 |
| Investment income | $11,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,720 |
| 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 | $4,192,038 |
| 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. | $81,433 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,979,087 |
| Pension plan accruals and contributions | $92,681 |
| Other employee benefits | $205,170 |
| Payroll taxes | $163,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $326,050 |
| Advertising and promotion | $28,880 |
| Office expenses | $74,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $198,652 |
| Travel | $22,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,648 |
| Interest | $288,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,636 |
| Insurance | $43,878 |
| All other expenses | $0 |
| Total functional expenses | $4,153,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,491 |
| Savings and temporary cash investments | $570,645 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,552 |
| 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 | $8,386 |
| Net Land, buildings, and equipment | $8,988,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,985,519 |
| Accounts payable and accrued expenses | $88,267 |
| Grants payable | $0 |
| Deferred revenue | $525,344 |
| 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 | $6,030,498 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,325 |
| Total liabilities | $6,659,434 |
| Net assets without donor restrictions | $3,311,085 |
| Net assets with donor restrictions | $15,000 |
| 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 | $9,985,519 |