Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Ideal Education Foundation
EIN 36-3322231 • 501(c)3 • Chicago, IL
Profile
To empower minority youth to pursue academic success and be the leaders of tomorrow.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
89th percentile
Faster asset growth than 89% of similar nonprofits.
Revenue Growth
81st percentile
Faster revenue growth than 81% of similar nonprofits.
Balance Sheet
Assets
Up$254,480
Up $107,135 (+73%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$254,480
Up $107,135 (+73%) from 2023
Revenue
Up$147,052
Up $42,441 (+41%) from 2023
Expenses
Up$39,917
Up $9,710 (+32%) from 2023
Net Income
Up$107,135
Up $32,731 (+44%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $254,480
- Liabilities
- $0
- Net assets
- $254,480
- Revenue
- $147,052
- Expenses
- $39,917
- Net income
- $107,135
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 20, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $147,052
Mission and Program Overview
Mission
To empower minority youth to pursue academic success and be the leaders of tomorrow.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO EMPOWER MINORITY YOUTH TO PURSUE ACADEMIC SUCCESS AND BE THE LEADERS OF TOMORROW. | $0 | $39,916 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARCUS A PAYNE | Chairman | PT | $0 | - | - |
| JAMES FLINT | Vice Chairman | PT | $0 | - | - |
| TERRANCE YOUNG | Treasurer | PT | $0 | - | - |
| ALEJANDRO YOUNG | Financial Secretary | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Ideal Education Foundation
- EIN
- 36-3322231
- Phone
- 3124204136
- Address
- PO BOX 19439, CHICAGO, IL 60619
Signing Officer
- Name
- Marcus a Payne
- Title
- Chairman
- Phone
- 7088609436
- Signed
- 2025-10-20
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Young & Associates LLC
- Address
- 332 S MICHIGAN AVE STE 900, CHICAGO, IL 60604
- Phone
- 3129105635
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank charges and fees. Amount: 4,037. Description: leo high school mentoring. Amount: 560. Description: mlk operating expenses. Amount: 6,893. Description: scholarship expenses. Amount: 25,000. Description: supplies and software. Amount: 1,705. Description: dues and subscriptions. Amount: 500. Description: professional fees. Amount: 1,000. Description: website hosting. Amount: 222. Total to form 990-ez, line 16: 39,917.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: other assets. Beg. Of year amount: 0. End of year amount: 5,431.”
Raw XML Appendix151 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | YOUNG & ASSOCIATES LLC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3129105635 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 332 S MICHIGAN AVE STE 900 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CHICAGO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60604 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 147345 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 249049 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 147052 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 107135 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 147345 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 254480 |
| IRS990EZ/GrossReceiptsAmt | 0 | 147052 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 147345 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 254480 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 147345 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 254480 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 15.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MARCUS A PAYNE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JAMES FLINT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | TERRANCE YOUNG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ALEJANDRO YOUNG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | FINANCIAL SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 5431 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 39917 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO EMPOWER MINORITY YOUTH TO PURSUE ACADEMIC SUCCESS AND BE THE LEADERS OF TOMORROW. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO EMPOWER MINORITY YOUTH TO PURSUE ACADEMIC SUCCESS AND BE THE LEADERS OF TOMORROW. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 39916 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 39917 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 39916 |
| IRS990EZ/TotalRevenueAmt | 0 | 147052 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationOtherDesc | 0 | EDUCATION FOUNDATION |
| IRS990EZ/TypeOfOrganizationOtherInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTPS://IDEALFOUNDATION1906.ORG |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 147052 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 104611 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 11962 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 33841 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 63298 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 360764 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 360764 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 147052 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 104611 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 11962 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 33841 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 63298 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 360764 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 147052 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 104611 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 11962 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 33841 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 63298 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 360764 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: BANK CHARGES AND FEES. AMOUNT: 4,037. DESCRIPTION: LEO HIGH SCHOOL MENTORING. AMOUNT: 560. DESCRIPTION: MLK OPERATING EXPENSES. AMOUNT: 6,893. DESCRIPTION: SCHOLARSHIP EXPENSES. AMOUNT: 25,000. DESCRIPTION: SUPPLIES AND SOFTWARE. AMOUNT: 1,705. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 500. DESCRIPTION: PROFESSIONAL FEES. AMOUNT: 1,000. DESCRIPTION: WEBSITE HOSTING. AMOUNT: 222. TOTAL TO FORM 990-EZ, LINE 16: 39,917. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: OTHER ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 5,431. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARCUS A PAYNE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7088609436 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | IDEAL EDUCATION FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | IDEA |
| ReturnHeader/Filer/EIN | 0 | 363322231 |
| ReturnHeader/Filer/PhoneNum | 0 | 3124204136 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 19439 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHICAGO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60619 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 471747877 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | YOUNG & ASSOCIATES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 332 S MICHIGAN AVE STE 900 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHICAGO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 60604 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3129105635 |
| ReturnHeader/ReturnTs | 0 | 2025-10-20T17:13:53-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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