Ariel Education Intiative
- Assets
- $566.6k
- Revenue
- $666.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 10/1996
- Data as of
- 06/2021
- EIN
- 36-4093845
Organization Overview
Ariel Education Intiative is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Ariel Education Intiative employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ariel Education Intiative 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, Ariel Education Intiative generated $666.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $580.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. 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
TO STRENGTHEN COMMUNITIES BY CREATING A NATIONAL MODEL BASED ON INNOVATIVE EDUCATION AND TO INTRODUCE A DIALOGUE OF SAVING AND INVESTING AT THE DINNER TABLE OF EVERY AFRICAN-AMERICAN FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARIEL COMMUNITY ACADEMY - ARIEL EDUCATION INITIATIVE HELPS SUPPORT THE OVERALL OPERATIONS AT ARIEL COMMUNITY ACADEMY, A CHICAGO PUBLIC SCHOOL, THROUGH SUPPLEMENTAL STAFF AND GENERAL FUNDING. THE ORGANIZATION'S GOAL IS TO INFUSE A UNIQUE FIANCIAL LITERACY CURRICULUM INTO THE ACADEMY AND CREATE AN INNOVATIVE MODEL FOR OTHER PUBLIC SCHOOLS TO FOLLOW.
ARIEL EXTENDED DAY PROGRAM - THIS PROGRAM PROVIDES BEFORE AND AFTER-SCHOOL PROGRAMS AND SUPPORT AT ARIEL COMMUNITY ACADEMY, OFFERING VARIOUS ACADEMIC, CULTURAL, ATHLETIC AND SOCIALACTIVITIES.
INVESTMENT PROGRAM - STUDENTS AT ARIEL COMMUNITY ACADEMY ARE GIVEN THE OPPORTUNITY TO INVEST REAL MONEY AND CONTROL A PORTION OF THEIR OWN CLASS PORTFOLIO. ECONOMIC CONCEPTS ARE TAUGHT AT ALL GRADE LEVELS AND THROUGHOUT ALL SUBJECT AREAS AT THE SCHOOL AND EXTEND BEYOND THE CLASSROOM AND INTO THE COMMUNITY THROUGH PARENT OUTREACH AND SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Rogers Jr Treasurer | OfficerTrustee | 1 | $0 |
Sarah Duncan Secretary | OfficerTrustee | 1 | $0 |
Auyana Orr Executive Director | Officer | 3 | $0 |
Mellody Hobson Board Member | Trustee | 1 | $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 | $635,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,200 |
| Total Program Service Revenue | $0 |
| Investment income | $13,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $666,267 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,659 |
| Pension plan accruals and contributions | $10,803 |
| Other employee benefits | $72,888 |
| Payroll taxes | $63,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,609 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $289 |
| 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 | $149 |
| Insurance | $35,017 |
| All other expenses | $40,594 |
| Total functional expenses | $580,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,245 |
| 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 | $6,548 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $339,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $566,607 |
| Accounts payable and accrued expenses | $7,534 |
| 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 | $7,534 |
| Net assets without donor restrictions | $393,572 |
| Net assets with donor restrictions | $165,501 |
| 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 | $566,607 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ariel Education Intiative has recieved totaling $205,167.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $90,167 |
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF RF DONATIONS TO CHARITABLE ORGANIZATIONS | $90,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |