Horace Mann Educators Foundation
- Assets
- $908.7k
- Revenue
- $315.6k
- Investments
- $908.7k
- Employees
- 0
- Location
- Springfield, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-4027069
Organization Overview
Horace Mann Educators Foundation is located in Springfield, IL. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Horace Mann Educators 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, Horace Mann Educators Foundation generated $315.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $489.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Horace Mann Educators Foundation has awarded 64 individual grants totaling $733,267. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS PRIMARY FOCUS IS TO PROVIDE RESOURCES FOR NEEDS IDENTIFIED AS CRITICAL TO STUDENTS SUCCESS BY EDUCATORS AND SCHOOLS ALL INITIATIVES DURING 2022 WERE INDIRECT GRANTS AND GIFTS TO CHARITABLE ORGANIZATIONS
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION DIRECTLY SUPPORT AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marita Zuraitis President | 1 | $0 | |
Bret Conklin Treasurer | 1 | $0 | |
Donald Carley Secretary | 1 | $0 | |
Ryan Greenier Officer | 1 | $0 | |
Jenny Thayer Director | 1 | $0 | |
Jeremy Stuenkel Tax Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $15,587 |
| Dividends & Interest | $0 |
| 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 | $315,587 |
| 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 | $1,392 |
| Total operating and administrative expenses | $1,392 |
| Contributions, gifts, grants paid | $487,987 |
| Total expenses and disbursements | $489,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $908,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $908,705 |
| 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, Horace Mann Educators Foundation has awarded $487,636 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
CHERRY HILL MINORITIES CIVIC ASSOCIATION INC PURPOSE: SOCIAL SERVICES | $500 |
COMMUNITY FOUNDATION FOR THE LAND OF LINCOLN INC PURPOSE: SOCIAL SERVICES | $16,000 |
DONORSCHOOSEORG PURPOSE: EDUCATION | $20,000 |
SPRINGFIELD SCHOOL DISTRICT #186 PURPOSE: EDUCATION | $10,000 |
MADISON PUBLIC SCHOOLS FOUNDATION INC PURPOSE: EDUCATION | $20,000 |
IMPACT ON EDUCATION PURPOSE: EDUCATION | $5,000 |