Civic Intelligence

For the Love of Chocolate Foundation

EIN 26-0237807 • 501(c)3 • Melrose Park, IL

Profile

For the Love of Chocolate Foundation provides scholarships for qualified students in the specialized training of the pastry arts. The foundation awards scholarships to students in the full-time programs taught by The French Pastry School of Kennedy King College of City Colleges of Chicago. For the Love of Chocolate Foundation promotes commitment in pastry arts education for individuals looking to change careers, as well as individuals who have shown potential in the culinary field but who have no formal pastry education. GOALSThe goal of the scholarships is to encourage and assist aspiring students, career changers, and culinary career professionals to advance their knowledge of the pastry arts. The program is specifically geared toward individuals who are in need of financial assistance. The French Pastry School's full-time programs not only trains students in the art of pastry, but it also educates them about the pastry profession. SCHOLARSHIPSThrough the generosity of the foundation

4533 W North AveMelrose Park, IL 60160

www.fortheloveofchocolatefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2014

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

34th percentile

-18%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

40th percentile

-12%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$132,309

Down $28,097 (-18%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$132,309

Down $28,097 (-18%) from 2013

Revenue

Down

$127,432

Down $18,128 (-12%) from 2013

Expenses

Up

$155,529

Up $2,497 (+1.6%) from 2013

Net Income

Down

-$28,097

Down $20,625 (-276%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2011: $150,446Net Assets 2011: $150,4462011Assets 2012: $167,878Liabilities 2012: $0Net Assets 2012: $167,8782012Assets 2013: $160,406Net Assets 2013: $160,4062013Assets 2014: $132,309Net Assets 2014: $132,3092014

Highlighted filing

2014

Assets$132,309
Liabilities-
Net Assets$132,309

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2011: $155,076Expenses 2011: $114,854Net Income 2011: $40,2222011Expenses 2012: $105,9442012Revenue 2013: $145,560Expenses 2013: $153,032Net Income 2013: -$7,4722013Revenue 2014: $127,432Expenses 2014: $155,529Net Income 2014: -$28,0972014

Highlighted filing

2014

Revenue$127,432
Expenses$155,529
Net Income-$28,097

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 12, 2015
Return Version
2014v5.0
Gross Receipts
$179,266
Mission and Program Overview

Mission

For the Love of Chocolate Foundation provides scholarships for qualified students in the specialized training of the pastry arts. The foundation awards scholarships to students in the full-time programs taught by The French Pastry School of Kennedy King College of City Colleges of Chicago. For the Love of Chocolate Foundation promotes commitment in pastry arts education for individuals looking to change careers, as well as individuals who have shown potential in the culinary field but who have no formal pastry education. GOALSThe goal of the scholarships is to encourage and assist aspiring students, career changers, and culinary career professionals to advance their knowledge of the pastry arts. The program is specifically geared toward individuals who are in need of financial assistance. The French Pastry School's full-time programs not only trains students in the art of pastry, but it also educates them about the pastry profession. SCHOLARSHIPSThrough the generosity of the foundation

For the love of chocolate foundation awards scholarships to students in the full-time programs taught by the french pastry school at city colleges of chicago, promoting commitment in pastry arts education for individuals looking to change careers, as well as individuals who have shown potential in the culinary field but have no formal pastry education. Goals the goal of the scholarships is to encourage and assist aspiring students, career changers, and culinary career professionals to advance their knowledge of the pastry arts. The program is specifically geared toward individuals who are in need of financial assistance. The french pastry school's full-time programs not only trains students in the art of pastry, but they also educate them about the pastry profession. Scholarships through the generosity of the foundations sponsors, alumni, industry vendors and associates, scholarship funding to offset tuition is available to all new students on a first-come first-served basis, through a

Program Services

DescriptionGrantsExpenses
SCHOLARSHIP FUNDING TO OFFSET TUITION IS AVAILABLE TO ALL NEW STUDENTS ON A FIRST-COME FIRST-SERVED BASIS, THROUGH A COMPETITIVE APPLICATION PROCESS. STUDENTS WERE CHOSEN BASED ON THEIR DESIRE TO DEVELOP THEIR PASTRY ART SKILLS, FINANCIAL NEED, AS WELL AS BEING ACCEPTED INTO ONE OF THE FRENCH PASTRY SCHOOL'S FULL-TIME PROGRAMS. SCHOLARSHIPS ARE DISBURSED IN INCREMENTS DETERMINED BY THE BOARD OF DIRECTORS. THE AWARD IS DISBURSED DIRECTLY TO THE FRENCH PASTRY SCHOOL OF KENNEDY-KING COLLEGE FOR A STUDENT IN A FULL-TIME PROGRAM. FUNDS TYPICALLY COVER PARTIAL TUITION FOR LART DE LA PTISSERIE OR L'ART DU GTEAU PROGRAMS.$146,000$146,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
FRANCO PACINIChairman OfPT$0--
THEDORE R TIMMPresident-$0--
MARIE DONOVANSecretary-$0--
ANTHONY ZAGONETreasurer-$0--
KIRK DAKARIANDirector-$0--
SUSAN WALKERDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$137,310-$18,811-
Total Events$137,310-$51,834$-51,834
Filing and Contact Details

Filer

Filer Name
For the Love of Chocolate
EIN
26-0237807
Phone
7739721927
Address
4533 W NORTH AVE, MELROSE PARK, IL 60160

Signing Officer

Name
Franco Pacini
Title
Chairman of the Board
Phone
7739721927
Signed
2015-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Weltman Bernfield LLC
Address
485 E HALF DAY ROAD SUITE 250, BUFFALO GROVE, IL 60089-8806
Preparer
William Keller
Phone
8479410100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

None scholarship 146,000 0 0

Form 990-ez, Part I, Line 16

Expenses travel 1,910 bank and credit card fees 5,896 city of chicago 250 state taxes 15 total 8,071

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 0 3,500 total 0 3,500

Form 990-ez, Part III

For the love of chocolate foundation awards scholarships to students in the full-time programs taught by the french pastry school at city colleges of chicago, promoting commitment in pastry arts education for individuals looking to change careers, as well as individuals who have shown potential in the culinary field but have no formal pastry education. Goals the goal of the scholarships is to encourage and assist aspiring students, career changers, and culinary career professionals to advance their knowledge of the pastry arts. The program is specifically geared toward individuals who are in need of financial assistance. The french pastry school's full-time programs not only trains students in the art of pastry, but they also educate them about the pastry profession. Scholarships through the generosity of the foundations sponsors, alumni, industry vendors and associates, scholarship funding to offset tuition is available to all new students on a first-come first-served basis, through a competitive application process. Students were chosen based on their desire to develop their pastry art skills, financial need, as well as being accepted into one of the french pastry school's full-time programs. Scholarships are disbursed in increments determined by the board of directors. The award is disbursed directly to the french pastry school of kennedy-king college for a student in a full-time program. Funds typically cover partial tuition for lart de la ptisserie or l'art du gteau programs.

Form 990-ez, Part III, Line 28

Scholarship funding to offset tuition is available to all new students on a first-come first-served basis, through a competitive application process. Students were chosen based on their desire to develop their pastry art skills, financial need, as well as being accepted into one of the french pastry school's full-time programs. Scholarships are disbursed in increments determined by the board of directors. The award is disbursed directly to the french pastry school of kennedy-king college for a student in a full-time program. Funds typically cover partial tuition for lart de la ptisserie or l'art du gteau programs.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOR THE LOVE OF CHOCOLATE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS IN THE FULL-TIME PROGRAMS TAUGHT BY THE FRENCH PASTRY SCHOOL AT CITY COLLEGES OF CHICAGO, PROMOTING COMMITMENT IN PASTRY ARTS EDUCATION FOR INDIVIDUALS LOOKING TO CHANGE CAREERS, AS WELL AS INDIVIDUALS WHO HAVE SHOWN POTENTIAL IN THE CULINARY FIELD BUT HAVE NO FORMAL PASTRY EDUCATION. GOALS THE GOAL OF THE SCHOLARSHIPS IS TO ENCOURAGE AND ASSIST ASPIRING STUDENTS, CAREER CHANGERS, AND CULINARY CAREER PROFESSIONALS TO ADVANCE THEIR KNOWLEDGE OF THE PASTRY ARTS. THE PROGRAM IS SPECIFICALLY GEARED TOWARD INDIVIDUALS WHO ARE IN NEED OF FINANCIAL ASSISTANCE. THE FRENCH PASTRY SCHOOL'S FULL-TIME PROGRAMS NOT ONLY TRAINS STUDENTS IN THE ART OF PASTRY, BUT THEY ALSO EDUCATE THEM ABOUT THE PASTRY PROFESSION. SCHOLARSHIPS THROUGH THE GENEROSITY OF THE FOUNDATIONS SPONSORS, ALUMNI, INDUSTRY VENDORS AND ASSOCIATES, SCHOLARSHIP FUNDING TO OFFSET TUITION IS AVAILABLE TO ALL NEW STUDENTS ON A FIRST-COME FIRST-SERVED BASIS, THROUGH A COMPETITIVE APPLICATION PROCESS. STUDENTS WERE CHOSEN BASED ON THEIR DESIRE TO DEVELOP THEIR PASTRY ART SKILLS, FINANCIAL NEED, AS WELL AS BEING ACCEPTED INTO ONE OF THE FRENCH PASTRY SCHOOL'S FULL-TIME PROGRAMS. SCHOLARSHIPS ARE DISBURSED IN INCREMENTS DETERMINED BY THE BOARD OF DIRECTORS. THE AWARD IS DISBURSED DIRECTLY TO THE FRENCH PASTRY SCHOOL OF KENNEDY-KING COLLEGE FOR A STUDENT IN A FULL-TIME PROGRAM. FUNDS TYPICALLY COVER PARTIAL TUITION FOR LART DE LA PTISSERIE OR L'ART DU GTEAU PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOLARSHIP FUNDING TO OFFSET TUITION IS AVAILABLE TO ALL NEW STUDENTS ON A FIRST-COME FIRST-SERVED BASIS, THROUGH A COMPETITIVE APPLICATION PROCESS. STUDENTS WERE CHOSEN BASED ON THEIR DESIRE TO DEVELOP THEIR PASTRY ART SKILLS, FINANCIAL NEED, AS WELL AS BEING ACCEPTED INTO ONE OF THE FRENCH PASTRY SCHOOL'S FULL-TIME PROGRAMS. SCHOLARSHIPS ARE DISBURSED IN INCREMENTS DETERMINED BY THE BOARD OF DIRECTORS. THE AWARD IS DISBURSED DIRECTLY TO THE FRENCH PASTRY SCHOOL OF KENNEDY-KING COLLEGE FOR A STUDENT IN A FULL-TIME PROGRAM. FUNDS TYPICALLY COVER PARTIAL TUITION FOR LART DE LA PTISSERIE OR L'ART DU GTEAU PROGRAMS.
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