Ingredion Educational Foundation
- Assets
- $4.2m
- Revenue
- $166.1k
- Investments
- $3.5m
- Employees
- 0
- Location
- Westchester, IL
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 36-4477522
Organization Overview
Ingredion Educational Foundation is located in Westchester, IL. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ingredion Educational 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, Ingredion Educational Foundation generated $166.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $145.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ingredion Educational Foundation has awarded 148 individual grants totaling $403,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS TO UNDERGRADUATE STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Gray President | 0.1 | $0 | |
Elizabeth Adefioye Vice President -Retired And Director | 0.01 | $0 | |
James P Zallie Vice President And Director | 0.1 | $0 | |
Janet M Bawcom Secretary - Retired | 0.01 | $0 | |
C Kevin Wilson Treasurer | 0.1 | $0 | |
Tanya Jaeger DE Foras Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $166,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,889 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,815 |
| Total operating and administrative expenses | $32,714 |
| Contributions, gifts, grants paid | $112,500 |
| Total expenses and disbursements | $145,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,141 |
| Savings and temporary cash investments | $0 |
| 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 | $277,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,172,106 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ingredion Educational Foundation has awarded $112,500 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
LAIBA ASLAM PURPOSE: COLLEGE TUITION | $2,500 |
DARCY DUMOND PURPOSE: COLLEGE TUITION | $2,000 |
BRANDON HAZUKA PURPOSE: COLLEGE TUITION | $2,500 |
ALEXA FITZGERALD PURPOSE: COLLEGE TUITION | $2,000 |
SABRINA HAZUKA PURPOSE: COLLEGE TUITION | $2,000 |
VANIA BUTT PURPOSE: COLLEGE TUITION | $3,000 |