Catalyst For Educational Change
- Assets
- $2.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Chicago, IL
- Founding
- 02/1999
- Data as of
- 06/2022
- EIN
- 36-4113236
Organization Overview
Catalyst For Educational Change is located in Chicago, IL. The organization was established in 1999. 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, Catalyst For Educational Change employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst For Educational Change 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, Catalyst For Educational Change generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (19.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATION OF TRAINING PROGRAMS WITH SCHOOL DISTRICTS TO DEVELOP THEIR CAPABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATION OF TRAINING PROGRAMS WITH SCHOOL DISTRICTS TO DEVELOP THEIR CAPABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Taylor Executive Director | Officer | 40 | $158,461 |
Crystal Conley Director Of Programs | 40 | $130,713 | |
Arlana Bedard Director Of Programs | 40 | $111,213 | |
Heather Peloquin Director Of Operations | Officer | 40 | $101,846 |
Dan Woestman Board Coordinator | OfficerTrustee | 1 | $0 |
Mical Jeanlys-White Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
School Matters Inc Consultant | 6/29/21 | $158,000 |
Soldwedel Consulting Llc Consultant | 6/29/21 | $110,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $315,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,103 |
| Total Program Service Revenue | $1,911,532 |
| Investment income | $209,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,752 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,462,984 |
| 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. | $270,890 |
| Compensation of current officers, directors, key employees. | $172,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $654,309 |
| Pension plan accruals and contributions | $31,230 |
| Other employee benefits | $52,282 |
| Payroll taxes | $76,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,791 |
| Fees for services: Accounting | $81,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,188 |
| Fees for services: Other | $440,619 |
| Advertising and promotion | $14,876 |
| Office expenses | $4,290 |
| Information technology | $111,832 |
| Royalties | $0 |
| Occupancy | $3,532 |
| Travel | $31,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,777 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,298 |
| Insurance | $26,359 |
| All other expenses | $4,302 |
| Total functional expenses | $1,860,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,665 |
| Savings and temporary cash investments | $54,777 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $379,383 |
| 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 | $28,394 |
| Net Land, buildings, and equipment | $18,488 |
| Investments—publicly traded securities | $1,318,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,601,933 |
| Accounts payable and accrued expenses | $121,659 |
| Grants payable | $0 |
| Deferred revenue | $35,285 |
| 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 | $156,944 |
| Net assets without donor restrictions | $2,444,989 |
| Net assets with donor restrictions | $0 |
| 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 | $2,601,933 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catalyst For Educational Change has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
National Education Association Of The United States Washington, DC PURPOSE: FINANCIAL ASSISTANCE | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |