Civic Intelligence

Ideal Education Foundation

990EZ • Fiscal year 2023 • EIN 36-3322231

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 29, 2024

Organization ProfileIDEALFOUNDATION1906.ORG
PO Box 19439Chicago, IL 60619

(312) 420-4136

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

95th percentile

71%

Higher net margin than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

99th percentile

1209%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

775%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$147,345

Up $136,086 (+1209%) from 2022

Net Assets

Up

$147,345

Up $136,086 (+1209%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin95th percentile

Revenue

Up

$104,611

Up $92,649 (+775%) from 2022

Expenses

Up

$30,207

Up $29,504 (+4197%) from 2022

Net Income

Up

$74,404

Up $63,145 (+561%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2021: $61,682Liabilities 2021: $0Net Assets 2021: $61,6822021Assets 2022: $11,259Liabilities 2022: $0Net Assets 2022: $11,2592022Assets 2023: $147,345Liabilities 2023: $0Net Assets 2023: $147,3452023Assets 2024: $254,480Liabilities 2024: $0Net Assets 2024: $254,4802024

Highlighted filing

2023

Assets$147,345
Liabilities$0
Net Assets$147,345
Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0Revenue 2021: $33,841Expenses 2021: $18,184Net Income 2021: $15,6572021Revenue 2022: $11,962Expenses 2022: $703Net Income 2022: $11,2592022Revenue 2023: $104,611Expenses 2023: $30,207Net Income 2023: $74,4042023Revenue 2024: $147,052Expenses 2024: $39,917Net Income 2024: $107,1352024

Highlighted filing

2023

Revenue$104,611
Expenses$30,207
Net Income$74,404
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 29, 2024
Return Version
2023v5.0
Gross Receipts
$104,611
Mission and Program Overview

Mission

To empower minority youth to pursue academic success and be the leaders of tomorrow.

Program Services

DescriptionGrantsExpenses
TO EMPOWER MINORITY YOUTH TO PURSUE ACADEMIC SUCCESS AND BE THE LEADERS OF TOMORROW.$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARCUS A PAYNEChairmanPT$0--
JAMES FLINTVice ChairmanPT$0--
TERRANCE YOUNGTreasurerPT$0--
ALEJANDRO YOUNGFinancial SecretaryPT$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
2024-04-29
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: 82. Description: mlk operating expenses. Amount: 17,230. Description: scholarship expenses. Amount: 6,506. Description: supplies and software. Amount: 5,689. Total to form 990-ez, line 16: 29,507.”

Raw XML Appendix149 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.

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IRS990EZ/BooksInCareOfDetail/PhoneNum03129105635
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARCUS A PAYNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JAMES FLINT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2TERRANCE YOUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ALEJANDRO YOUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3FINANCIAL SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt029507
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO EMPOWER MINORITY YOUTH TO PURSUE ACADEMIC SUCCESS AND BE THE LEADERS OF TOMORROW.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO EMPOWER MINORITY YOUTH TO PURSUE ACADEMIC SUCCESS AND BE THE LEADERS OF TOMORROW.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://IDEALFOUNDATION1906.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0104611
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt011962
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt033841
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt063298
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0213712
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0104611
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0213712
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK CHARGES AND FEES. AMOUNT: 82. DESCRIPTION: MLK OPERATING EXPENSES. AMOUNT: 17,230. DESCRIPTION: SCHOLARSHIP EXPENSES. AMOUNT: 6,506. DESCRIPTION: SUPPLIES AND SOFTWARE. AMOUNT: 5,689. TOTAL TO FORM 990-EZ, LINE 16: 29,507.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARCUS A PAYNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07088609436
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IDEAL EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IDEA
ReturnHeader/Filer/EIN0363322231
ReturnHeader/Filer/PhoneNum03124204136
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 19439
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ReturnHeader/Filer/USAddress/ZIPCd060619
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060604
ReturnHeader/PreparerPersonGrp/PhoneNum03129105635
ReturnHeader/ReturnTs02024-04-29T13:47:51-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARCUS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PAYNE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$147,345
Liabilities
$0
Net assets
$147,345
Revenue
$104,611
Expenses
$30,207
Net income
$74,404
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$1.47$0.40$1.07
2023Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$1.05$0.30$0.74
2022Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.12$0.01$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.34$0.18$0.16