Illinois Business Education Association
- Assets
- $1.3m
- Revenue
- $94.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Sherman, IL
- Founding
- 11/2001
- Data as of
- 06/2024
- EIN
- 37-6057589
Organization Overview
Illinois Business Education Association is located in Sherman, IL. The organization was established in 2001. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Illinois Business Education Association 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 Business Education Association generated $94.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $80.6k during the year ending 06/2024. While expenses have increased by 3.0% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE BUSINESS EDUCATION PROFESSION AND PROVIDING THE ENVIRONMENT AND ENCOURAGEMENT TO IMPROVE PROFESSIONAL ENDEAVORS THROUGH CONFERENCES, PUBLICATIONS AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodee Werkheiser Secretary | 0 | $0 | |
Darcy Jeffries Treasurer | 5 | $0 | |
Jon Lebold Eibea | 0 | $0 | |
Josh Ebbert Past Preside | 0 | $0 | |
Karen Drage Public Info | 0 | $0 | |
Lacy Bugielski President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,329 |
| Capital Gain Net Income | $9,329 |
| Net ST Capital Gain | $1,100 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,466 |
| Total Revenue | $94,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,050 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $355 |
| Printing and publications | $114 |
| Other expenses | $40,347 |
| Total operating and administrative expenses | $58,551 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $80,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,854 |
| Savings and temporary cash investments | $100 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,286,783 |
| 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, Illinois Business Education Association has awarded $22,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GAVIN TELLOR PURPOSE: SCHOLARSHIP | $5,000 |
MATT GREENBURG PURPOSE: SCHOLARSHIP | $2,500 |
MASON MCKENNA PURPOSE: SCHOLARSHIP | $5,000 |
MATT GREENBURG PURPOSE: SCHOLARSHIP | $2,500 |
GAVIN TELLOR PURPOSE: SCHOLARSHIP | $5,000 |
MASON MCKENNA PURPOSE: SCHOLARSHIP | $1,000 |