Civic Intelligence

District 214 Education Foundation

990 • Fiscal year 2017 • EIN 36-3425698

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 21, 2018

Organization Profilewww.d214.org
2121 S Goebbert RdArlington Heights, IL 60005

(847) 718-7708

Siviq Scores

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

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

96th percentile

71%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

97th percentile

143%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

198%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$1,325,669

Up $779,007 (+143%) from 2016

Net Assets

Up

$1,300,274

Up $763,795 (+142%) from 2016

Liabilities

Up

$25,395

Up $15,212 (+149%) from 2016

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin96th percentile

Revenue

Up

$1,053,666

Up $700,434 (+198%) from 2016

Expenses

Down

$301,917

Down $53,449 (-15%) from 2016

Net Income

Up

$751,749

Up $753,883 (+35327%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $546,662Liabilities 2016: $10,183Net Assets 2016: $536,4792016Assets 2017: $1,325,669Liabilities 2017: $25,395Net Assets 2017: $1,300,2742017Assets 2020: $1,910,614Liabilities 2020: $1,715Net Assets 2020: $1,908,8992020Assets 2021: $2,470,163Liabilities 2021: $12,017Net Assets 2021: $2,458,1462021Assets 2022: $2,450,495Liabilities 2022: $3,508Net Assets 2022: $2,446,9872022Assets 2023: $2,547,288Liabilities 2023: $2,724Net Assets 2023: $2,544,5642023Assets 2024: $3,513,765Liabilities 2024: $340Net Assets 2024: $3,513,4252024

Highlighted filing

2017

Assets$1,325,669
Liabilities$25,395
Net Assets$1,300,274
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $353,232Expenses 2016: $355,366Net Income 2016: -$2,1342016Revenue 2017: $1,053,666Expenses 2017: $301,917Net Income 2017: $751,7492017Revenue 2020: $925,345Expenses 2020: $1,336,134Net Income 2020: -$410,7892020Revenue 2021: $1,238,882Expenses 2021: $757,591Net Income 2021: $481,2912021Revenue 2022: $1,216,687Expenses 2022: $1,110,038Net Income 2022: $106,6492022Revenue 2023: $943,105Expenses 2023: $862,879Net Income 2023: $80,2262023Revenue 2024: $1,864,521Expenses 2024: $949,773Net Income 2024: $914,7482024

Highlighted filing

2017

Revenue$1,053,666
Expenses$301,917
Net Income$751,749
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 21, 2018
Return Version
2016v3.0
Gross Receipts
$1,080,271
Mission and Program Overview

Mission

The District 214 Education Foundation supports students and families through school and throughout life by strengthening education, fostering well-being, and expanding opportunities.

The district 214 education foundation supports innovation, student success and lifelong learning beyond the normal operating budget. The foundation in spring 2016 launched a college visit bus trip for first-generation students and their parents to empower them for postsecondary success, and in january 2016 launched the alumni advisory council, which serves as a catalyst to foster lifelong connections between alumni and the district and create and facilitate meaningful opportunities for alumni to engage with and support district 214 through their time, talent and resources, via the foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$99,631$858,864▲ $759,233
Investments in Publicly Traded Securities$441,781$466,055▲ $24,274
Prepaid Expenses and Deferred Charges$5,250$750▼ $4,500
Total Assets$546,662$1,325,669▲ $779,007
Liabilities
Accounts Payable and Accrued Expenses$10,183$25,395▲ $15,212
Total Liabilities$10,183$25,395▲ $15,212
Net Assets / Fund Balance
Temporarily Rstr Net Assets$524,485$1,244,062▲ $719,577
Unrestricted Net Assets$11,994$56,212▲ $44,218
Total Net Assets Fund Balance$536,479$1,300,274▲ $763,795
Total Liabilities and Net Assets / Fund Balance$546,662$1,325,669▲ $779,007
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Glenn ScogginsChair
Carl AnfensonVice Chair
Arnie MuellerTrustee
Brian RobinsonTrustee
Carol DurrantTrustee
Cliff HigleyTrustee
Deborah NelsonTrustee
Eileen RascheTrustee
Garland Brent KizerTrustee
Jim GaletanoTrustee
John O'ConnorTrustee
Manuel CuevasTrustee
Maureen Jennings McKennaTrustee
Michael JacobsonTrustee
Tim PasternakTrustee
Tom MunzTrustee
Robin ChessickSecretary
John EileringTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,022,000
Program Service Revenue
$0
Investment Income
$22,906
Other Revenue
$8,760
All Other Contributions
$995,812
Change in Net Assets
$751,749

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,053,666
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$176,363
Total Revenue per Audited Statements
$1,230,029
Total Revenue per Form 990
$1,053,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$268,448
Salaries, Compensation, and Employee Benefits$17,717
Other Expenses$15,752
Total Fundraising Expense$3,620
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$268,448--$268,448
Current Officers, Directors, Trustees, and Key Employees-$16,403-$16,403
Fees for Services Management-$9,427-$9,427
Office Expenses-$1,539-$1,539
Payroll Taxes-$1,314-$1,314
Insurance-$295-$295
Other Expenses-$65$3,620$65
Total Functional Expenses$268,448$29,849$3,620$301,917

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$466,234
Expenses per Audited Statements$301,917
Total Expenses per Form 990$301,917
Expenses Not Reported on Form 990$164,317
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Township High School District 214Arlington Heights, IL501c3Education$268,448
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,365
Fundraising Direct Expenses$26,605
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$49,868$23,680$24,179$-499
Online Auction$11,685$11,685$2,426$9,259
Total Events$61,553$35,365$26,605$8,760
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“the board reviews the form 990 before filing.”

Form 990, Part VI, Section B, line 15B

“The Organization only compensates the Administrative Assistant. The Administrative Assistant's compensation is based on comparable data approved by the board.”

Form 990, Part VI, Section C, line 19

“Governing documents are available to the public at the organization's offices.”

Filing and Contact Details

Filer

Filer Name
District 214 Education Foundation
EIN
36-3425698
Phone
8477187708
Address
2121 S Goebbert Rd, Arlington Heights, IL 60005

Signing Officer

Name
Erin Brooks
Title
Executive Director
Phone
8477187708
Signed
2018-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Brooks
Formed
1988
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
58

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
205 N Michigan Ave 2800, Chicago, IL 60601-5927
Preparer
Mark Heroux
Phone
3127298000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The organization neither changed its oversight process nor selection process during the tax year.”

Financial Statement Notes

Part X, Line 2:

“The Foundation follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the Foundation for uncertain tax positions as of June 30, 2017. The Foundation's tax returns are subject to review and examination by federal and state authorities.”

Part XI, Line 2D - Other Adjustments:

“Fundraising expense 26,605.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expense 26,605.”

Schedule D, Part V, Line 4

“Following a 2016 review of our investments, it was determined that the fund previously referred to as the prospect high school "endowment" is not an endowment, but rather simply funds invested for the purpose of supporting the fine and performing arts at prospect high school. These are temporarily restricted funds invested with fidelity, with requests for funding coming through the school and/or a small committee of former prospect parents who were part of the original financial contribution. The requests are reviewed by the finance committee of the education foundation and, if approved, the former parents connected with the investment contact fidelity directly to discuss the sale of shares. The executive director then approves the sale in accordance with the fidelity recommendation, and the funds are processed through the education foundation and paid to prospect. The foundation also maintains a checking account for the purpose of initially depositing donations to the prospect high school arts fund that come in annually.”

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IRS990/ActivityOrMissionDesc0THE DISTRICT 214 EDUCATION FOUNDATION SUPPORTS INNOVATION, STUDENT SUCCESS AND LIFELONG LEARNING BEYOND THE NORMAL OPERATING BUDGET. THE FOUNDATION IN SPRING 2016 LAUNCHED A COLLEGE VISIT BUS TRIP FOR FIRST-GENERATION STUDENTS AND THEIR PARENTS TO EMPOWER THEM FOR POSTSECONDARY SUCCESS, AND IN JANUARY 2016 LAUNCHED THE ALUMNI ADVISORY COUNCIL, WHICH SERVES AS A CATALYST TO FOSTER LIFELONG CONNECTIONS BETWEEN ALUMNI AND THE DISTRICT AND CREATE AND FACILITATE MEANINGFUL OPPORTUNITIES FOR ALUMNI TO ENGAGE WITH AND SUPPORT DISTRICT 214 THROUGH THEIR TIME, TALENT AND RESOURCES, VIA THE FOUNDATION.
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IRS990/Desc0Through a generous grant from the Joyce Foundation, the District 214 Education empowered the continued expansion of District 214's unique Career Pathways program -- one that a Joyce representative has said he considers a model for the nation. There was a particular focus on information technology and health sciences. Our Career Pathways program provides a clear path for District 214 students from high school coursework to college to careers, with opportunities for early college credit, internships and career credentials before they leave high school. College and career pathways like these transform the high school experience by making it even more relevant to our students as we prepare them for career in an ever-changing 21st century.
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0466055
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO SUPPORT INNOVATION, STUDENT SUCCESS, AND LIFELONG LEARNING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0536479
IRS990/NetAssetsOrFundBalancesEOYAmt01300274
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt08760
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt08760
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt012046
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01539
IRS990/OfficeExpensesGrp/TotalAmt01539
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt03620
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0806
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt165
IRS990/OtherExpensesGrp/TotalAmt04426
IRS990/OtherExpensesGrp/TotalAmt165
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01314
IRS990/PayrollTaxesGrp/TotalAmt01314
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05250
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0750
IRS990/PrincipalOfficerNm0Erin Brooks
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation was pleased to award $36,000 in FY17 to District 214 staff for the purpose of classroom and co-curricular innovation to inspire student success. This money was awarded based on applications submitted by staff, and reviewed by an internal Allocations Committee. Awards helped fund, among other things, science laboratory equipment, renowned speakers in the areas of healthcare, career development for low-income students, an after-school research opportunity for students and a mobile library in a mobile home park that houses many of our current Elk Grove High School students and many of our future EGHS students. This mobile library was staffed by low-income high school students who also were paid by the grant funding.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt036000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt036000
IRS990/ProgSrvcAccomActy3Grp/Desc0Through grant funding, the Foundation supported the Next Generation Engineering program, an after-school experience allowing middle school students to get a head start on STEM study by learning and applying engineering concepts. The students work directly with District 214 staff in our engineering labs.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt034000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt034000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0The District 214 Education Foundation empowered an estimated $250,000 in early college credits through the funding of more than 160 Advanced Placement tests for students across the District who could not otherwise afford them; brought more than 100 future first-generation students and parents to college campuses, empowering opportunities for success; and, in line with a key charge of the Foundation, provided adult and family literacy funding to our Community Education department to empower the lives of generations of students. This was done through a combination of targeted campaigns and an allocation of unrestricted money, and supported areas including the Catherine M. Lee Women's & Children's Program, adult literacy education and more. Additionally, through our unrestricted fund and directed gifts, the Foundation supported top entrepreneurship students with scholarship money; provided $5,000 in scholarships for seniors demonstrating college and career readiness; awarded thousands of dollars in post-secondary scholarships; and offered additional support to our schools for innovative initiatives, including funding for our AVID (Advancement Via Individual Determination) first-generation program.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0124448
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0124448
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0319106
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0322577
IRS990/PYInvestmentIncomeAmt021775
IRS990/PYOtherExpensesAmt07985
IRS990/PYOtherRevenueAmt012351
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-2134
IRS990/PYSalariesCompEmpBnftPaidAmt024804
IRS990/PYTotalExpensesAmt0355366
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0353232
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0751749
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FOLLOWING A 2016 REVIEW OF OUR ORIGINAL IRS LETTER OF DETERMINATION AND SUBSEQUENT CORRESPONDENCE, WE HAVE UPDATED OUR CLASSIFICATION. THE DISTRICT 214 EDUCATION FOUNDATION IS AN ORGANIZATION THAT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENT UNIT OR FORM THE GENERAL PUBLIC, DESCRIBED IN SECTION 170(B)(1)(A)(VI). OUR FUNDING GOES TO VARIED PROJECTS, INITIATIVES, SCHOOLS AND INDIVIDUALS THROUGHOUT HIGH SCHOOL DISTRICT 214, TOWARD A LARGER FOUNDATION MISSION OF SUPPORTING STUDENT SUCCESS, INNOVATION AND LIFELONG LEARNING.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part I, Line 7
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01025812
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0319106
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt097231
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt075364
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0144700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01662213
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022906
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022458
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015524
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt014368
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0101322
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt012351
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09987
IRS990ScheduleA/OtherIncome170Grp/TotalAmt022338
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65770
IRS990ScheduleA/PublicSupportPY170Pct00.85360
IRS990ScheduleA/PublicSupportTotal170Amt01174649
IRS990ScheduleA/SubstantialContributorsTotAmt0487564
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01025812
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0319106
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt097231
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt075364
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0144700
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01662213
IRS990ScheduleA/TotalSupportAmt01785873
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0137712
IRS990ScheduleD/DonatedServicesUseFcltsAmt0137712
IRS990ScheduleD/ExpensesNotReportedAmt0164317
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0301917
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt012046
IRS990ScheduleD/OtherExpensesIncludedAmt026605
IRS990ScheduleD/OtherRevenueAmt026605
IRS990ScheduleD/RevenueNotReportedAmt0176363
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01053666
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the Foundation for uncertain tax positions as of June 30, 2017. The Foundation's tax returns are subject to review and examination by federal and state authorities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising expense 26,605.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Expense 26,605.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FOLLOWING A 2016 REVIEW OF OUR INVESTMENTS, IT WAS DETERMINED THAT THE FUND PREVIOUSLY REFERRED TO AS THE PROSPECT HIGH SCHOOL "ENDOWMENT" IS NOT AN ENDOWMENT, BUT RATHER SIMPLY FUNDS INVESTED FOR THE PURPOSE OF SUPPORTING THE FINE AND PERFORMING ARTS AT PROSPECT HIGH SCHOOL. THESE ARE TEMPORARILY RESTRICTED FUNDS INVESTED WITH FIDELITY, WITH REQUESTS FOR FUNDING COMING THROUGH THE SCHOOL AND/OR A SMALL COMMITTEE OF FORMER PROSPECT PARENTS WHO WERE PART OF THE ORIGINAL FINANCIAL CONTRIBUTION. THE REQUESTS ARE REVIEWED BY THE FINANCE COMMITTEE OF THE EDUCATION FOUNDATION AND, IF APPROVED, THE FORMER PARENTS CONNECTED WITH THE INVESTMENT CONTACT FIDELITY DIRECTLY TO DISCUSS THE SALE OF SHARES. THE EXECUTIVE DIRECTOR THEN APPROVES THE SALE IN ACCORDANCE WITH THE FIDELITY RECOMMENDATION, AND THE FUNDS ARE PROCESSED THROUGH THE EDUCATION FOUNDATION AND PAID TO PROSPECT. THE FOUNDATION ALSO MAINTAINS A CHECKING ACCOUNT FOR THE PURPOSE OF INITIALLY DEPOSITING DONATIONS TO THE PROSPECT HIGH SCHOOL ARTS FUND THAT COME IN ANNUALLY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule D, Part V, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0301917
IRS990ScheduleD/TotalRevenuePerForm990Amt01053666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01230029
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0466234
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt026188
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt026188
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026605
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Outing
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Online Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt049868
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt011685
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt061553
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023680
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt011685
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt035365
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt08760
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026605
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt024179
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02426
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0268448
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Education
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Township High School District 214
IRS990ScheduleI/RecipientTable/RecipientEIN0366004405
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02121 S Goebbert Rd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Arlington Heights
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060005
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Procedures for monitoring the use of grant funds: reports describing the activities and use of grant funds are presented to the board at ongoing board meetings
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1In addition to the grants and assistance listed, the District 214 Education Foundation provides funding to schools and programs across the district 214.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,325,669
Liabilities
$25,395
Net assets
$1,300,274
Revenue
$1,053,666
Expenses
$301,917
Net income
$751,749
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$1.86$0.95$0.91
2023Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.54$0.94$0.86$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$1.22$1.11$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.47$0.01$2.46$1.24$0.76$0.48
2020Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.93$1.34$0.41
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.03$1.30$1.05$0.30$0.75
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.35$0.36$0.00