Elkhart Education Foundation
- Assets
- $413.4k
- Revenue
- $897.9k
- Investments
- $0.0
- Employees
- 88
- Location
- Elkhart, IN
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3429545
Organization Overview
Elkhart Education Foundation is located in Elkhart, IN. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Elkhart Education Foundation employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elkhart 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, Elkhart Education Foundation generated $897.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $945.1k during the year ending 12/2021. While expenses have increased by 30.5% per year over the past 7 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.
Since 2016, Elkhart Education Foundation has awarded 21 individual grants totaling $562,492. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ELKHART EDUCATION FOUNDATION SUPPORTS EXCELLENCE IN EDUCATION THROUGH THE DEVELOPMENT AND IMPLEMENTATION OF INNOVATIVE ACADEMIC PROGRAMS AND PROVIDES SUPPLEMENTAL FUNDS FOR CHARACTER-BUILDING EXTRACURRICULAR ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINDNESS TO PREVENT BLINDNESS: GOOD VISION IS ESSENTIAL FOR STUDENTS OF ALL AGES TO REACH THEIR FULL ACADEMIC POTENTIAL. STUDIES SHOW BEHAVIOR PROBLEMS GO DOWN AND ACADEMIC SUCCESS GOES UP WHEN CHILDREN HAVE CORRECTED VISION. IN COLLABORATION WITH BOLING VISION CENTER, THIS INITIATIVE IS DESIGNED TO ENSURE SUCCESS IN EDUCATION THROUGH ACCURATE EYESIGHT SUPPORTED BY SCHOOL VISITS FROM A MOBILE VISION UNIT OFFERING CHECK-UPS AND SUPPLEMENTAL EYEWEAR FOR STUDENTS IN NEED. NUMBER OF PERSONS BENEFITED: 3,295
SUMMERSCAPE DAY CAMP: THE SUMMERSCAPE DAY CAMP PROGRAM OFFERS FULL-DAY AND HALF-DAY ENRICHMENT PROGRAMS FOR STUDENTS IN GRADES K-7 DURING SUMMER VACATION. OUR THEMED WEEK-LONG CAMPS ARE LED BY CERTIFIED ELKHART COMMUNITY SCHOOLS TEACHERS AND ASSISTED BY QUALIFIED HIGH SCHOOL AND COLLEGE STUDENTS. SOME OF THE BEST LEARNING HAPPENS OUTSIDE OF THE CLASSROOM ON FIELD TRIPS, EXPERIENCING NATURE, EXPLORING LIVING HISTORY AND THROUGH HANDS-ON, PROJECT BASED LESSONS. NUMBER OF PERSONS BENEFITED: 294
EDCAMP: IN AN EFFORT TO SUPPORT STUDENT LEARNING AND PARENTS WHO NEED TO WORK DURING COVID, THE CONCEPT OF EDCAMP WAS BORN. THIS PROGRAM IS OPEN TO FAMILIES THAT CHOOSE THE HYBRID SCHOOL PLAN BY PROVIDING CHILDCARE AND E-LEARNING SUPPORT FOR STUDENTS ON THE DAYS THEY DO NOT ATTEND SCHOOL. EDCAMP PROVIDED BEFORE/AFTER CARE, TRANSPORTATION, MEALS, AND ENRICHMENT CLASSES TO ALL PARTICIPATING STUDENTS. NUMBER OF PERSONS BENEFITED: 418
SUPPORT TO SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Molyneaux Executive Director | Officer | 50 | $72,500 |
Heather Gerlach Secretary | OfficerTrustee | 2 | $0 |
Hayley Boling President | OfficerTrustee | 2 | $0 |
Monica Abair Treasurer | OfficerTrustee | 2 | $0 |
Arvis Dawson Board Member | Trustee | 1 | $0 |
Brandon Arnold Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,626 |
| Related organizations | $0 |
| Government grants | $104,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $703,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $869,449 |
| Total Program Service Revenue | $51,083 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,660 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $897,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,966 |
| 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. | $72,500 |
| Compensation of current officers, directors, key employees. | $14,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,335 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,038 |
| Payroll taxes | $33,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,951 |
| Advertising and promotion | $24,232 |
| Office expenses | $77,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,446 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,719 |
| Interest | $853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,658 |
| Insurance | $13,107 |
| All other expenses | $0 |
| Total functional expenses | $945,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,216 |
| Savings and temporary cash investments | $30,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $29,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $413,389 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | -$301,917 |
| Net assets with donor restrictions | $715,306 |
| 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 | $413,389 |
Grants Awarded
Over the last fiscal year, Elkhart Education Foundation has awarded $69,850 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ELKHART HIGH SCHOOL PURPOSE: ENRICH THE EDUCATION EXPERIENCE FOR ELKHART'S YOUTH | $53,200 |
ELKHART CENTRAL HIGH SCHOOL PURPOSE: ENRICH THE EDUCATION EXPERIENCE FOR ELKHART'S YOUTH | $10,500 |
ELKHART MEMORIAL HIGH SCHOOL PURPOSE: ENRICH THE EDUCATION EXPERIENCE FOR ELKHART'S YOUTH | $6,150 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Elkhart Education Foundation has recieved totaling $98,992.
| Awarding Organization | Amount |
|---|---|
Welter Foundation Inc Bristol, IN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $50,000 |
Elkhart General Hospital Inc Elkhart, IN PURPOSE: SPONSOR PROGRAMS | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $18,455 |
Irions Foundation Inc Elkhart, IN PURPOSE: CHARITABLE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $537 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |