I Car Education Foundation
- Assets
- $6.4m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Hoffman Estates, IL
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 36-3768028
Organization Overview
I Car Education Foundation, operating under the name Collision Repair Education Foundation, is located in Hoffman Estates, IL. The organization was established in 1991. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Collision Repair Education Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collision Repair 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 12/2022, Collision Repair Education Foundation generated $11.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $10.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Collision Repair Education Foundation has awarded 2,434 individual grants totaling $59,264,840. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SECONDARY AND POST-SECONDARY AUTOMOTIVE COLLISION TRAINING PROGRAMS THROUGH FUNDRAISING AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS - DURING THE YEAR, THE ORGANIZATION ADMINISTERED GRANT PROGRAMS TO SUPPORT COLLISION REPAIR SCHOOLS, STUDENTS AND INSTRUCTORS. THESE GRANTS PROVIDED DIRECT FUNDING FOR STUDENT SCHOLARSHIPS, CURRICULUM PRODUCT PURCHASES, INSTRUCTOR CONTINUING EDUCATION, AND TOOL AND EQUIPMENT PURCHASES. THIS ALSO INCLUDES GRANT PROGRAMS FUNDED THROUGH UNRESTRICTED AS WELL AS TEMPORARILY RESTRICTED DONATIONS FROM COLLISION INDUSTRY DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andreas Hecht Trustee | Trustee | 0.55 | $0 |
Stacy Bartnik Emeriti | OfficerTrustee | 0.43 | $0 |
Paul Folino Trustee | Trustee | 0.63 | $0 |
Tom Brown Trustee | Trustee | 0 | $0 |
Mark Verbois Trustee | Trustee | 0 | $0 |
Mike Croker Trustee | Trustee | 0.51 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $931,286 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,192,201 |
| Noncash contributions included in lines 1a–1f | $9,997,564 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,123,487 |
| Total Program Service Revenue | $0 |
| Investment income | $80,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,780 |
| Net Income from Fundraising Events | -$335,703 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,863,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,933,032 |
| Grants and other assistance to domestic individuals. | $171,130 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,726 |
| Compensation of current officers, directors, key employees. | $27,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,245 |
| Pension plan accruals and contributions | $6,815 |
| Other employee benefits | $10,798 |
| Payroll taxes | $29,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,138 |
| Fees for services: Accounting | $22,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,705 |
| Fees for services: Other | $57,144 |
| Advertising and promotion | $17,143 |
| Office expenses | $235,629 |
| Information technology | $64,573 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,313 |
| Interest | $2,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,803 |
| All other expenses | $0 |
| Total functional expenses | $10,167,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,255,673 |
| Savings and temporary cash investments | $158,526 |
| Pledges and grants receivable | $263,000 |
| 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 | $1,826,894 |
| Prepaid expenses and deferred charges | $62,562 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,863,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,430,479 |
| Accounts payable and accrued expenses | $170,063 |
| 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 | $41,903 |
| Total liabilities | $211,966 |
| Net assets without donor restrictions | $4,592,097 |
| Net assets with donor restrictions | $1,626,416 |
| 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 | $6,430,479 |
Grants Awarded
Over the last fiscal year, I Car Education Foundation has awarded $8,816,946 in support to 342 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF LAKE COUNTY PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $95,553 |
UNIVERSAL TECHNICAL INSTITUTE PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $78,028 |
GREENVILLE TECHNICAL COLLEGE PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $92,551 |
COLLEGE OF SOUTHERN IDAHO PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $89,458 |
PROSSER SCHOOL OF TECHNOLOGY PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $76,822 |
KENT CAREERTECH CENTER PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $75,581 |