Naperville Education Foundation
- Assets
- $2.6m
- Revenue
- $760.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Naperville, IL
- Founding
- 11/1992
- Data as of
- 06/2022
- EIN
- 36-3844402
Organization Overview
Naperville Education Foundation is located in Naperville, IL. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Naperville Education Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naperville 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 06/2022, Naperville Education Foundation generated $760.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $773.5k during the year ending 06/2022. While expenses have increased by 9.6% per year over the past 7 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, Naperville Education Foundation has awarded 15 individual grants totaling $1,918,292. 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
ENCOURAGE CREATIVITY, INNOVATION, AND EXCELLENCE IN NAPERVILLE COMMUNITY UNIT SCHOOL DISTRICT 203 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR THROUGH OUR ANNUAL AND EXPRESS GRANT AWARDS PROGRAMS, NEF GIVES 30-50 COMPETITIVE GRANTS TO NAPERVILLE SCHOOL DISTRICT 203 SCHOOLS THAT DEVELOP INNOVATIVE PROJECTS WHICH STIMULATE STUDENTS' ENGAGEMENT AND LEARNING EXPERIENCE. THESE PROJECTS PROVIDE EXPERIENCES THAT EXCITE, MOTIVATE AND HELP STUDENTS GROW, LEARN AND ACHIEVE. ANNUAL GRANTS ARE AWARDED IN THE CATEGORIES OF STEM, SOCIAL EMOTIONAL LEARNING (SEL), FINE ARTS & PHYSICAL EDUCATION, AND DIVERSITY & INCLUSION. EXPRESS GRANTS ARE AWARDED IN A MONTHLY GRANT CYCLE.
SCHOLARSHIPS AWARDED TO QUALIFIED STUDENTS IN THE NAPERVILLE SCHOOL DISTRICT 203 FOR EDUCATIONAL RELATED EXPENSES ASSOCIATED WITH A COLLEGE DEGREE GRANTING PROGRAM.
NEF PROVIDES FUNDING TO 21 OF OUR 22 SCHOOLS FOR THEIR BEFORE AND AFTER SCHOOL PROGRAMS. THESE PROGRAMS EXTEND LEARNING BEYOND THE SCHOOL BELL WHILE GIVING EACH SCHOOL THE FLEXIBILITY TO TAILOR A PROGRAM TO A SCHOOL COMMUNITY'S SPECIFIC NEEDS. HOMEWORK OR MATH CLUBS, SUPERVISED STUDY TIME, OR FIRST LEGO LEAGUE TEAM EXPERIENCES ARE JUST A FEW EXAMPLES OF BEFORE AND AFTER SCHOOL PROGRAMS THAT ENRICH STUDENT LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Goettsch Executive Director | Officer | 40 | $66,022 |
Julie Beehler Vice Chair | OfficerTrustee | 2 | $0 |
Jenny Tank Secretary | OfficerTrustee | 2 | $0 |
Kitty Ryan Immediate Past Chair | OfficerTrustee | 2 | $0 |
Kim Henderson Chair | OfficerTrustee | 4 | $0 |
Dianne Torres Hawken Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $172,912 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $510,544 |
| Noncash contributions included in lines 1a–1f | $13,479 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $683,456 |
| Total Program Service Revenue | $0 |
| Investment income | $79,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,295 |
| Net Income from Fundraising Events | -$13,186 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $760,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $430,443 |
| Grants and other assistance to domestic individuals. | $158,557 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,798 |
| Compensation of current officers, directors, key employees. | $4,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,628 |
| 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 | $9,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,757 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,247 |
| Office expenses | $9,002 |
| 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 | $1,881 |
| All other expenses | $0 |
| Total functional expenses | $773,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $290,281 |
| 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 | $2,274,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,565,258 |
| Accounts payable and accrued expenses | $46,500 |
| Grants payable | $0 |
| Deferred revenue | $18,696 |
| 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 | $65,196 |
| Net assets without donor restrictions | $1,005,603 |
| Net assets with donor restrictions | $1,494,459 |
| 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 | $2,565,258 |
Grants Awarded
Over the last fiscal year, Naperville Education Foundation has awarded $430,443 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NAPERVILLE SCHOOL DISTRICT 203 PURPOSE: Various academic purposes | $346,402 |
NAPERVILLE SCHOOL DISTRICT 203 PURPOSE: Before & After School Programs | $74,041 |
JEFFERSON JR HIGH PURPOSE: Build an Inclusive Community through Art Mural | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Naperville Education Foundation has recieved totaling $35,656.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $17,250 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $5,500 |
Naperville Rotary Charities Inc Naperville, IL PURPOSE: COMMUNITY SERVICE GRANT | $4,000 |
Daniel J Reid Foundation St Louis, MO PURPOSE: GENERAL SUPPORT | $2,000 |
Tzp Cares Foundation New York, NY PURPOSE: IN MARCH 2020, NEF CREATED THE KID BOOSTER CRISIS FUND, AN EMERGENCY FUND PROVIDING IMMEDIATE ACCESS TO FINANCIAL ASSISTANCE FOR STUDENTS AND FAMILIES IN NEED. THIS FUND IS A PART OF THE KID BOOSTER ANONYMOUS FUND. FINANCIAL SUPPORT RELATED TO HOUSING,MEALS FOR WEEKENDS AND EVENINGS,TRANSPORTATION NEEDS | $2,000 |
Naperville Rotary Charities Inc Naperville, IL PURPOSE: KID BOOSTER ANONYMOUS FUND | $2,000 |
Endowment Analysis
| Beg. Balance | $901,405 |
| Earnings | -$109,966 |
| Other Expense | -$30,068 |
| Ending Balance | $761,371 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |