Harvard Community Education Foundation
- Assets
- $2.0m
- Revenue
- $107.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Harvard, IL
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 36-4125856
Organization Overview
Harvard Community Education Foundation is located in Harvard, IL. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Community 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, Harvard Community Education Foundation generated $107.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $73.4k during the year ending 12/2022. While expenses have increased by 6.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INNOVATE PROJECTS THROUGH GRANTS THAT SUPPORT CURRICULUM BASED PROGRAMS AND GO ABOVE AND BEYOND NORMAL EDUCATIONAL REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD SCHOLARSHIP TO GRADUATING HIGH SCHOOL SENIORS WHO HAVE ENROLLED IN COLLEGE OR TRADE SCHOOL.
THE DUO PROGRAM IS AN EARLY COLLEGE PROGRAM THAT WAS CREATED THROUGH A COLLABORATIVE PARTNERSHIP BETWEEN MCHENRY COUNTY COLLEGE (MCC) AND HARVARD COMMUNITY UNIT SCHOOL DISTRICT 50. THE PROGRAM PROVIDES ACADEMICALLY- MOTIVATED STUDENTS ENROLLED IN DISTRICT 50 AN OPPORTUNITY TO EARN A HIGH SCHOOL DIPLOMA AND ASSOCIATE OF ARTS DEGREE SIMULTANEOUSLY. DURING STUDENT'S FINAL TWO YEARS OF HIGH SCHOOL, STUDENTS WILL TAKE A COMBINATION OF DUAL CREDIT COURSES OFFERED THROUGH DISTRICT 50 AT HARVARD HIGH SCHOOL, AND MCC COURSES OFFERED AT THE MCHENRY COUNTY COLLEGE CAMPUS.
TO AWARD GRANTS, IN VARYING AMOUNTS, TO ENCOURAGE ACADEMIC EXCELLENCE IN THE HARVARD COMMUNITY SCHOOL DISTRICT BY PROVIDING FUNDING NOT AVAILABLE THROUGH TRADITIONAL LOCAL, STATE OR FEDERAL SOURCES. PROVIDE OPPORTUNITIES FOR TEACHERS AND STAFF TO DEVELOP INNOVATIVE PROJECTS THROUGH GRANTS THAT SUPPORT CURRICULUM-BASED PROGRAMS AND GO ABOVE AND BEYOND NORMAL EDUCATIONAL REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Chrapiewicz Vice-Preside | Trustee | 2 | $0 |
Mary Cooke Director | Trustee | 2 | $0 |
Wayne Jesionowski Treasurer | Trustee | 2 | $0 |
Francine Boland-Kelly Director | Trustee | 2 | $0 |
John Seegers A&a Comm | Trustee | 2 | $0 |
Verne Sisson President | Trustee | 2 | $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 | $11,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,150 |
| Total Program Service Revenue | $0 |
| Investment income | $24,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,670 |
| Net Income from Fundraising Events | $41,488 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,682 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $0 |
| 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 | $815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,385 |
| Advertising and promotion | $1,116 |
| Office expenses | $0 |
| 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 | $3,804 |
| All other expenses | $0 |
| Total functional expenses | $73,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,800 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,906,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,015,650 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,015,650 |
| 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 | $2,015,650 |
Grants Awarded
Over the last fiscal year, Harvard Community Education Foundation has awarded $31,682 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCHENRY COUNTY COLLEGE | | | $10,892 |
HARVARD SCHOOL DIST 50 | | | $20,790 |