Schuler Education Foundation
- Assets
- $43.2m
- Revenue
- $24.6m
- Investments
- $42.4m
- Employees
- 0
- Location
- Lake Bluff, IL
- Founding
- 06/1997
- Data as of
- 08/2023
- EIN
- 36-4154510
Organization Overview
Schuler Education Foundation is located in Lake Bluff, IL. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Schuler 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.
Since 2018, Schuler Education Foundation has awarded 104 individual grants totaling $60,383,815. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHULER SCHOLAR PROGRAM EQUIPS HIGH-ACHIEVING AND UNDERREPRESENTED STUDENTS TO GAIN ACCESS TO AND SUCCEED AT HIGHLY SELECTIVE COLLEGES AND BEYOND. SCHULER SCHOLARS ARE TYPICALLY FIRST-GENERATION COLLEGE-BOUND, ARE STUDENTS OF COLOR, OR COME FROM LOW-INCOME FAMILIES. TO DATE, SCHULER HAS HELPED MORE THAN 1,800 STUDENTS ON THEIR PATH TO COLLEGE AND BEYOND BY PROVIDING ACADEMIC COACHING AND COUNSELING, LEADERSHIP AND PERSONAL DEVELOPMENT EXPERIENCES, AND EXPOSURES TO A WIDE VARIETY OF CULTURAL, SOCIAL, AND CIVIC EXPERIENCES. STUDENTS ALSO RECEIVE EXPERT GUIDANCE ON MAXIMIZING FINANCIAL AID AND BUILDING STRONG COLLEGE APPLICATIONS. THE PROGRAM CURRENTLY OPERATES IN 16 HIGH SCHOOLS THROUGHOUT PORTIONS OF CHICAGO AND MILWAUKEE. IN ADDITION, THE PROGRAM PARTNERS WITH NUMEROUS COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY AND PROVIDES ITS SCHOLARS WITH FINANCIAL AND ACADEMIC SUPPORT, INCLUDING A DEDICATED MENTOR AND CAREER NETWORKING OPPORTUNITIES, RESULTING IN A 94% GRADUATION RATE.
THE SCHULER SCHOLAR PROGRAM EQUIPS HIGH-ACHIEVING AND UNDERREPRESENTED STUDENTS TO GAIN ACCESS TO AND SUCCEED AT HIGHLY SELECTIVE COLLEGES AND BEYOND. SCHULER SCHOLARS ARE TYPICALLY FIRST-GENERATION COLLEGE-BOUND, ARE STUDENTS OF COLOR, OR COME FROM LOW-INCOME FAMILIES. TO DATE, SCHULER HAS HELPED MORE THAN 1,800 STUDENTS ON THEIR PATH TO COLLEGE AND BEYOND BY PROVIDING ACADEMIC COACHING AND COUNSELING, LEADERSHIP AND PERSONAL DEVELOPMENT EXPERIENCES, AND EXPOSURES TO A WIDE VARIETY OF CULTURAL, SOCIAL, AND CIVIC EXPERIENCES. STUDENTS ALSO RECEIVE EXPERT GUIDANCE ON MAXIMIZING FINANCIAL AID AND BUILDING STRONG COLLEGE APPLICATIONS. DURING THE FISCAL YEAR ENDED AUGUST 31, 2023, THE PROGRAM OPERATED IN 16 HIGH SCHOOLS THROUGHOUT PORTIONS OF CHICAGO AND MILWAUKEE. IN ADDITION, THE PROGRAM PARTNERED WITH NUMEROUS COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY AND PROVIDED ITS SCHOLARS WITH FINANCIAL AND ACADEMIC SUPPORT, INCLUDING A DEDICATED MENTOR AND CAREER NETWORKING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Schuler President & Secretary | 10 | $0 | |
Tanya Schuler Sharman Vice President | 10 | $16,000 | |
Therese Schuler Hoffman Vice President | 0.25 | $0 | |
Tino Schuler Vice President | 0.25 | $0 | |
Steven Pozkanzer Vice President | 0.25 | $0 | |
Michael Gordon Vice President | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bild Group Llc | 8/30/22 | $150,693 |
Added Incentives | 8/30/22 | $121,484 |
Bild Group Llc | 8/30/23 | $191,782 |
Added Incentives | 8/30/23 | $77,229 |
P-squared Consultants Llc | 8/30/23 | $56,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $3,552 |
| Dividends & Interest | $233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,052,244 |
| Capital Gain Net Income | $23,052,244 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,175 |
| Total Revenue | $24,563,971 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,664 |
| Other employee salaries and wages | $6,648,586 |
| Pension plans, employee benefits | $1,655,128 |
| Interest | $1,723,599 |
| Taxes | $54,997 |
| Depreciation | $24,566 |
| Occupancy | $219,386 |
| Travel, conferences, and meetings | $1,688,648 |
| Printing and publications | $0 |
| Other expenses | $1,549,063 |
| Total operating and administrative expenses | $14,299,303 |
| Contributions, gifts, grants paid | $2,024,207 |
| Total expenses and disbursements | $16,323,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $499,750 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $500,000 |
| Net Land, buildings, and equipment | $278,022 |
| Other assets | $500 |
| Total assets | $43,199,313 |
| Accounts payable and accrued expenses | $5,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,499,962 |
| Mortgages and other notes payable | $18,919,908 |
| Other liabilities | $43,765 |
| Total liabilities | $22,468,635 |
Grants Awarded
Over the last fiscal year, Schuler Education Foundation has awarded $1,410,673 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP HOPE PURPOSE: GENERAL SUPPORT | $1,500 |
COLLEGE SCHOLARSHIPS & GRANTS PURPOSE: COLLEGE SCHOLARSHIPS & GRANTS | $1,372,673 |
COMMUNITY CHURCH LAKE FOREST LAKE BLUFF PURPOSE: GENERAL SUPPORT | $15,000 |
CORVALLIS JACKSON STREET YOUTH SHELTER PURPOSE: GENERAL SUPPORT | $2,000 |
CORVALLIS WALDORF SCHOOL PURPOSE: GENERAL SUPPORT | $1,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL SUPPORT | $2,000 |