Schuler Education Foundation
- Assets
- $54.7m
- Revenue
- $7.1m
- Investments
- $53.8m
- Employees
- 0
- Location
- Lake Forest, IL
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 36-4154510
Organization Overview
Schuler Education Foundation is located in Lake Forest, 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.
For the year ending 12/2021, Schuler Education Foundation generated $7.1m 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 (19.9%) each year. All expenses for the organization totaled $58.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Schuler Education Foundation has awarded 91 individual grants totaling $58,973,142. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS FOR STUDENTS AT CRISTO REY ST. MARTIN, GEORGE WESTINGHOUSE, GOLD MEIR, GWENDOLYN BROOKS COLLEGE PREP, HIGHLAND PARK, LINDBLOM MATH & SCIENCE ACADEMY, MAINE EAST, MUNDELEIN, NORTH CHICAGO, RTC MEDICAL PREPARATORY, ROUND LAKE, WARREN TOWNSHIP, WAUKEGAN AND ZION-BENTON HIGH SCHOOLS.
OUTREACH PROGRAM FOR STUDENTS AT CRISTO REY ST. MARTIN, GEORGE WESTINGHOUSE, GOLD MEIR, GWENDOLYN BROOKS COLLEGE PREP, HIGHLAND PARK, LINDBLOM MATH & SCIENCE ACADEMY, MAINE EAST, MUNDELEIN, NORTH CHICAGO, RTC MEDICAL PREPARATORY, ROUND LAKE, WARREN TOWNSHIP, WAUKEGAN AND ZION-BENTON HIGH SCHOOLS.
COLLEGE VISITS AND COUNSELING FOR STUDENTS AT CRISTO REY ST. MARTIN, GEORGE WESTINGHOUSE, GOLD MEIR, GWENDOLYN BROOKS COLLEGE PREP, HIGHLAND PARK, LINDBLOM MATH & SCIENCE ACADEMY, MAINE EAST, MUNDELEIN, NORTH CHICAGO, RTC MEDICAL PREPARATORY, ROUND LAKE, WARREN TOWNSHIP, WAUKEGAN AND ZION-BENTON HIGH SCHOOLS.
SUMMER COLLEGE PROGRAM FOR STUDENTS AT CRISTO REY ST. MARTIN, GEORGE WESTINGHOUSE, GOLD MEIR, GWENDOLYN BROOKS COLLEGE PREP, HIGHLAND PARK, LINDBLOM MATH & SCIENCE ACADEMY, MAINE EAST, MUNDELEIN, NORTH CHICAGO, RTC MEDICAL PREPARATORY, ROUND LAKE, WARREN TOWNSHIP, WAUKEGAN AND ZION-BENTON HIGH SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Patenaude Executive Director | 40 | $195,174 | |
Joanne Bertsch Managing Director Of | 40 | $100,336 | |
Amanda Marshall Managing Director Of | 40 | $95,634 | |
Susan Kamp Director Of Finance | 40 | $92,674 | |
Gayle Meyers Dir Of College & Alu | 40 | $86,992 | |
Ali Morguson Regional School Dire | 40 | $78,354 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel Levitz | 12/30/21 | $250,000 |
Bild Group Llc | 12/30/21 | $226,363 |
Gizra Llc | 12/30/21 | $50,928 |
Salesforceorg | 12/30/21 | $100,876 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65 |
| Dividends & Interest | $1,050,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,810,561 |
| Capital Gain Net Income | $5,810,561 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $206,167 |
| Total Revenue | $7,067,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $195,174 |
| Other employee salaries and wages | $6,982,923 |
| Pension plans, employee benefits | $1,078,603 |
| Interest | $290,890 |
| Taxes | $850 |
| Depreciation | $36,764 |
| Occupancy | $241,915 |
| Travel, conferences, and meetings | $72,797 |
| Printing and publications | $0 |
| Other expenses | $2,045,392 |
| Total operating and administrative expenses | $11,657,585 |
| Contributions, gifts, grants paid | $46,331,096 |
| Total expenses and disbursements | $57,988,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $361,789 |
| 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 | $8,680,925 |
| Net Land, buildings, and equipment | $531,988 |
| Other assets | $0 |
| Total assets | $54,673,241 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $37,840,950 |
| Other liabilities | $0 |
| Total liabilities | $37,840,950 |
Grants Awarded
Over the last fiscal year, Schuler Education Foundation has awarded $46,331,096 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
SCHULER INITIATIVE SUPPORTING CHARITABLE TRUST PURPOSE: GENERAL SUPPORT | $42,606,406 |
MIDDLEBURY COLLEGE PURPOSE: GENERAL SUPPORT | $2,200,360 |
COLLEGE SCHOLARSHIPS PURPOSE: COLLEGE SCHOLARSHIPS | $1,304,690 |
Northfield, MN PURPOSE: GENERAL SUPPORT | $102,000 |
Highwood, IL PURPOSE: GENERAL SUPPORT | $27,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schuler Education Foundation Lake Forest, IL | $54,673,241 | $7,067,242 |
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |