Catalyst For Educational Change
- Assets
- $2.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Chicago, IL
- Founding
- 02/1999
- Data as of
- 06/2023
- 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 06/2023, Catalyst For Educational Change employed 15 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 06/2023, Catalyst For Educational Change generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (19.8%) per year over the past 8 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
2023
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 |
|---|---|---|---|
Daniel Woestman Board Coordinator | OfficerTrustee | 1 | $0 |
Mical Jeanlys-White Board Treasurer | OfficerTrustee | 1 | $0 |
Ray Gaer Board Secretary | OfficerTrustee | 1 | $0 |
Jasmine Jourjy Board Member | Trustee | 1 | $0 |
Vincent R DE Lucia Board Member | Trustee | 1 | $0 |
Andrea Walker Board Member | Trustee | 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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,700 |
| Total Program Service Revenue | $939,932 |
| Investment income | $116,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,285,932 |
| 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. | $363,121 |
| Compensation of current officers, directors, key employees. | $289,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $558,636 |
| Pension plan accruals and contributions | $20,369 |
| Other employee benefits | $69,308 |
| Payroll taxes | $76,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,570 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,733 |
| Fees for services: Other | $168,704 |
| Advertising and promotion | $7,746 |
| Office expenses | $2,291 |
| Information technology | $32,235 |
| Royalties | $0 |
| Occupancy | $3,784 |
| Travel | $42,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,845 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,503 |
| Insurance | $19,231 |
| All other expenses | $2,449 |
| Total functional expenses | $1,482,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,878 |
| Savings and temporary cash investments | $10,751 |
| Pledges and grants receivable | $20,956 |
| Accounts receivable, net | $160,843 |
| 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 | $36,682 |
| Net Land, buildings, and equipment | $5,985 |
| Investments—publicly traded securities | $1,341,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,174,092 |
| Accounts payable and accrued expenses | $74,950 |
| Grants payable | $0 |
| Deferred revenue | $11,359 |
| 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 | $86,309 |
| Net assets without donor restrictions | $2,087,783 |
| 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 | $2,174,092 |