Association Of School Business Officials International
- Assets
- $6.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Dekalb, IL
- Founding
- 04/1988
- Data as of
- 06/2024
- EIN
- 36-6165928
Organization Overview
Association Of School Business Officials International, operating under the name Illinois Asbo, is located in Dekalb, IL. The organization was established in 1988. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2024, Illinois Asbo employed 26 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Illinois Asbo 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 06/2024, Illinois Asbo generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $4.7m during the year ending 06/2024. While expenses have increased by 4.2% per year over the past 6 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OR PURPOSES FOR WHICH ILLINOIS ASBO IS ORGANIZED, AND FOR WHICH IT SHALL BE OPERATED, ARE EXCLUSIVLEY FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES: A). EDUCATION AT THE ELEMENTARY, SECONDARY, COLLEGE, AND POST GRADUATE LEVELS; B). TO ENABLE THE MEMBERS AND THE GENERAL PUBLIC TO BETTER CONDUCT THE MANAGEMENT OF SCHOOLS AT ALL LEVELS; C). TO CONDUCT RESEARCH PROGRAMS IN THE FIELD OF SCHOOL ADMINISTRATION, AND TO PUBLISH THE RESULTS OF SUCH RESEARCH; D). TO ENGAGE IN A PROGRAM OF EDUCATION TO IMPROVE THE ABILITIES OF PERSONS CARRYING ON ACTIVITIES IN THE FIELD OF SCHOOL ADMINISTRATION; E). TO ADVANCE EDUCATION BY PROMOTING THE HIGHEST STANDARDS OF ETHICAL CONDUCT BY PERSONS CARRYING ON ACTIVITIES IN THE FIELD OF SCHOOL ADMINISTRATION; AND F). TO ENGAGE IN ANY OTHER LAWFUL ACTIVTY INCIDENTAL TO THE FOREGOING PURPOSES. ILLINOIS ASBOS MISSION IS TO PROVIDE OUR MEMBERS AND STAKEHOLDERS WITH A COMPREHENSIVE RANGE OF PROFESSIONAL DEVELOPMENT ACTIVITIES, SERVICES AND ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE PURPOSE OF TRAINING MEMBERS FOR CERTIFICATION AS SCHOOL BUSINESS OFFICIALS
CONFERENCES, WORKSHOPS, SEMINARS AND EXHIBITS FOR THE PURPOSE OF SUPPLYING MEMBERS INFORMATION, RESOURCES, AND CONSULTATION. LIQUID ASSET PROGRAM FOR THE PURPOSE OF PROVIDING OPPORTUNITIES FOR SCHOOL DISTRICTS TO INVEST AND MANAGE FUNDS. ILLINOIS ENERGY CONSORTIUM PROCUREMENT PROGRAM.
CONFERENCES (INCLUDING ANNUCAL CONFERENCE), WORKSHOPS, SEMINARS AND EXHIBITS - FOR THE PURPOSE OF SUPPLYING MEMBERS INFORMATION, RESOURCES AND CONSULTATION; LIQUID ASSET PROGRAM - FOR THE PURPOSE OF PROVIDING OPPORTUNITIES FOR SCHOOL DISTRICTS TO INVEST AND MANAGE FUNDS; ILLINOIS ENERGY CONSORTIUM - PROVIDING OPPORTUNITIES FOR SCHOOL DISTRICT TO PURCHASE ENERGY COSTS AT A COMPETITIVE COST; PROCUREMENT CARD PROGRAM - PROVIDING SCHOOL DISTRICTS A PCARD OFFERING WHICH OFFERS REBATES BASED ON PURCHASES; FORECAST5 ANALYTICS - OFFERING SCHOOL DISTRICT TECHNOLOGY TO ASSIST SBO IN FORECASTING AND FINANCIAL ANALYSIS; BENEFIT CONSORTIUMS - OFFERING SCHOOL DISTRICTS THE OPPORTUNITY TO PURCHASE HEALTH INSURANCE AT A COMPETITIVE COST.
BOARD-RELATED EXPENSES AND COSTS RELATED TO ADVOCACY ACTIVITES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Jacoby Executive Di | Officer | 37.5 | $264,979 |
Carla Paschal CFO | Officer | 37.5 | $141,200 |
David Bein President | OfficerTrustee | 1 | $0 |
Edward Brophy Treasurer | OfficerTrustee | 1 | $0 |
Alicia Cieszykowski Director | Trustee | 1 | $0 |
Eric Deporter Past Preside | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $450,097 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,097 |
| Total Program Service Revenue | $2,981,155 |
| Investment income | $250,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,099 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,871 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,232,046 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,985,824 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,637 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $235,299 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $294,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $615,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,078 |
| Insurance | $27,848 |
| All other expenses | $238,028 |
| Total functional expenses | $4,721,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,632,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $36,687 |
| Accounts receivable, net | $504,296 |
| 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 | $359,202 |
| Net Land, buildings, and equipment | $155,857 |
| Investments—publicly traded securities | $3,719,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,407,825 |
| Accounts payable and accrued expenses | $362,031 |
| Grants payable | $0 |
| Deferred revenue | $511,960 |
| 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 | $120,886 |
| Total liabilities | $994,877 |
| Net assets without donor restrictions | $5,401,501 |
| Net assets with donor restrictions | $11,447 |
| 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 | $6,407,825 |