Civic Intelligence

Ideal Education Foundation

990EZ • Fiscal year 2021 • EIN 36-3322231

Jan 01, 2021 to Dec 31, 2021 • 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

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

85th percentile

46%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

$61,682

No earlier filing loaded for comparison.

Net Assets

$61,682

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin85th percentile

Revenue

$33,841

No earlier filing loaded for comparison.

Expenses

$18,184

No earlier filing loaded for comparison.

Net Income

$15,657

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2021

Assets$61,682
Liabilities$0
Net Assets$61,682
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2021

Revenue$33,841
Expenses$18,184
Net Income$15,657
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 29, 2024
Return Version
2021v4.2
Gross Receipts
$33,841
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 Pay77th 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: 8. Description: scholarship expenses. Amount: 15,975. Description: supplies and software. Amount: 451. Total to form 990-ez, line 16: 16,434.”

Raw XML Appendix142 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum03129105635
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060604
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IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt046025
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt046025
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt015.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
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/OtherExpensesTotalAmt016434
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
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt018184
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt033841
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationOtherDesc0EDUCATION FOUNDATION
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://IDEALFOUNDATION1906.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt033841
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt063298
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt097139
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt097139
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt033841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt063298
IRS990ScheduleA/Total509Grp/TotalAmt097139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt033841
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt063298
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt097139
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK CHARGES AND FEES. AMOUNT: 8. DESCRIPTION: SCHOLARSHIP EXPENSES. AMOUNT: 15,975. DESCRIPTION: SUPPLIES AND SOFTWARE. AMOUNT: 451. TOTAL TO FORM 990-EZ, LINE 16: 16,434.
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
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
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
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060619
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YOUNG & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0332 S MICHIGAN AVE STE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060604
ReturnHeader/PreparerPersonGrp/PhoneNum03129105635
ReturnHeader/ReturnTs02024-04-29T13:45:47-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARCUS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PAYNE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,682
Liabilities
$0
Net assets
$61,682
Revenue
$33,841
Expenses
$18,184
Net income
$15,657
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