American Copy Editors Society Education Fund Inc
- Assets
- $401.5k
- Revenue
- $37.1k
- Investments
- $325.2k
- Employees
- 0
- Location
- Carpentersville, IL
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 52-2406883
Organization Overview
American Copy Editors Society Education Fund Inc is located in Carpentersville, IL. The organization was established in 2004. 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. American Copy Editors Society Education Fund Inc 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 12/2023, American Copy Editors Society Education Fund Inc generated $37.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $32.3k during the year ending 12/2023. While expenses have increased by 11.9% 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS TO POTENTIAL COPY EDITORS AND TO STUDENTS WHO WILL BE JUNIORS, SENIORS, AND GRADUATE STUDENTS WHO ARE MAJORING IN COPY EDITING WITH NO LIMITATION ON BASIS OF RACE, RELIGION OR RELATION TO MEMBERS OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Mclendon President | 5 | $0 | |
Maisha Maurant Vice President | 1 | $0 | |
Nick Jungman Treasurer | 1 | $0 | |
Laura Cameron Secretary | 1 | $0 | |
Lindsay Augustyn Director | 1 | $0 | |
Neil Holdway Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,797 |
| Interest on Savings | $2 |
| Dividends & Interest | $14,293 |
| 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 | $37,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,262 |
| Total operating and administrative expenses | $2,262 |
| Contributions, gifts, grants paid | $30,021 |
| Total expenses and disbursements | $32,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,988 |
| Savings and temporary cash investments | $28,260 |
| 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 | $325,217 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $401,465 |
| 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, American Copy Editors Society Education Fund Inc has awarded $11,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JAMIE ZEGA PURPOSE: SCHOLARSHIP | $3,000 |
AILEEN HOUSTON PURPOSE: SCHOLARSHIP | $2,500 |
LILLIAN BARKLEY PURPOSE: SCHOLARSHIP | $1,500 |
CHANDLER BOESE PURPOSE: SCHOLARSHIP | $1,500 |
ELIZABETH KENNEY PURPOSE: SCHOLARSHIP | $1,500 |
KAITLIN COWARD PURPOSE: SCHOLARSHIP | $1,500 |