Auguste Escoffier Educational Fund Inc
- Assets
- $84.7k
- Revenue
- $350.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Schaumburg, IL
- Founding
- Data as of
- 12/2022
- EIN
- 81-1104965
Organization Overview
Auguste Escoffier Educational Fund Inc, operating under the name Escoffier Scholarship Foundation, is located in Schaumburg, IL. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Escoffier Scholarship 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, Escoffier Scholarship Foundation generated $350.2k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESCOFFIER SCHOLARSHIP FOUNDATION IS DESIGNED TO ASSIST STUDENTS WITH A PASSION FOR CULINARY AND PASTRY ARTS WHO MAY BE UNABLE TO ATTEND THE INSTITUTION WITHOUT ADDITIONAL FINANCIAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ESCOFFIER SCHOLARSHIP FOUNDATION HAS A LIMITED NUMBER OF INDIVIDUAL STUDENT AWARDS UP TO $500 THAT WILL VARY IN NUMBER BASED OFF EACH RESPECTIVE TERM START DATE AND FUNDS AVAILABLE. THE INSTITUTION WILL REVIEW STUDENT ELIGIBILITY DURING THE FINANCIAL AID PROCESS AND NOTIFY THE STUDENTS THAT WERE SELECTED. STUDENTS MUST REMAIN IN GOOD STANDING BASED ON THE CONDITIONS BELOW TO RECEIVE DISBURSEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simone Maxwell-Wilson President | OfficerTrustee | 40 | $0 |
Sharon Van Meter Secretary | OfficerTrustee | 2 | $0 |
Mary Petersen Treasurer | OfficerTrustee | 2 | $0 |
Thomas Vaccaro Chairman Of The Board | Trustee | 2 | $0 |
Brian Williams Director | Trustee | 2 | $0 |
John Bogosian Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $350,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,242 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $350,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $331,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,233 |
| 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 | $0 |
| Advertising and promotion | $31,047 |
| Office expenses | $318 |
| Information technology | $1,815 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $380,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,847 |
| Savings and temporary cash investments | $0 |
| 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 | $4,450 |
| Prepaid expenses and deferred charges | $11,417 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,714 |
| Accounts payable and accrued expenses | $13,116 |
| 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 | $13,116 |
| Net assets without donor restrictions | $71,598 |
| Net assets with donor restrictions | $0 |
| 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 | $84,714 |