Civic Intelligence

Barat Education Foundation

990 • Fiscal year 2017 • EIN 36-4407543

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 24, 2018

Organization Profilewww.thebaratfoundation.org
1501 N Oakley BlvdChicago, IL 60622

(847) 574-2465

Siviq Scores

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

Liabilities / Assets

59th percentile

0.08x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.15x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

78th percentile

$73,749

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

13th percentile

-12%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-25%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$794,886

Down $109,716 (-12%) from 2016

Net Assets

Down

$734,314

Down $142,440 (-16%) from 2016

Liabilities

Up

$60,572

Up $32,724 (+118%) from 2016

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin8th percentile

Revenue

Down

$404,086

Down $137,726 (-25%) from 2016

Expenses

Up

$546,526

Up $105,720 (+24%) from 2016

Net Income

Down

-$142,440

Down $243,446 (-241%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2013: $1,111,845Liabilities 2013: $25,584Net Assets 2013: $1,086,2612013Assets 2014: $847,411Liabilities 2014: $57,885Net Assets 2014: $789,5262014Assets 2015: $823,690Liabilities 2015: $45,610Net Assets 2015: $778,0802015Assets 2016: $904,602Liabilities 2016: $27,848Net Assets 2016: $876,7542016Assets 2017: $794,886Liabilities 2017: $60,572Net Assets 2017: $734,3142017Assets 2018: $884,689Liabilities 2018: $64,296Net Assets 2018: $820,3932018Assets 2019: $900,386Liabilities 2019: $37,450Net Assets 2019: $862,9362019Assets 2020: $894,197Liabilities 2020: $524,715Net Assets 2020: $369,4822020Assets 2021: $752,702Liabilities 2021: $602,345Net Assets 2021: $150,3572021Assets 2022: $333,919Liabilities 2022: $269,170Net Assets 2022: $64,7492022Assets 2023: $390,471Liabilities 2023: $343,439Net Assets 2023: $47,0322023Assets 2024: $234,977Liabilities 2024: $219,808Net Assets 2024: $15,1692024Assets 2025: $11,306Liabilities 2025: $13,150Net Assets 2025: -$1,8442025

Highlighted filing

2017

Assets$794,886
Liabilities$60,572
Net Assets$734,314
Open 2017 Filing

Operations Trend

Revenue Growth11th percentile

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

$1.0M$500K$0-$500KExpenses 2013: $524,4662013Revenue 2014: $287,405Expenses 2014: $581,060Net Income 2014: -$293,6552014Revenue 2015: $424,178Expenses 2015: $426,806Net Income 2015: -$2,6282015Revenue 2016: $541,812Expenses 2016: $440,806Net Income 2016: $101,0062016Revenue 2017: $404,086Expenses 2017: $546,526Net Income 2017: -$142,4402017Revenue 2018: $673,369Expenses 2018: $587,290Net Income 2018: $86,0792018Revenue 2019: $657,526Expenses 2019: $614,983Net Income 2019: $42,5432019Revenue 2020: $495,843Expenses 2020: $489,297Net Income 2020: $6,5462020Revenue 2021: $348,442Expenses 2021: $567,567Net Income 2021: -$219,1252021Revenue 2022: $250,153Expenses 2022: $335,761Net Income 2022: -$85,6082022Revenue 2023: $194,260Expenses 2023: $211,977Net Income 2023: -$17,7172023Revenue 2024: $191,162Expenses 2024: $223,025Net Income 2024: -$31,8632024Revenue 2025: $52,959Expenses 2025: $69,969Net Income 2025: -$17,0102025

Highlighted filing

2017

Revenue$404,086
Expenses$546,526
Net Income-$142,440
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 24, 2018
Return Version
2016v3.0
Gross Receipts
$404,086
Mission and Program Overview

Mission

Barat educational foundation was established to continue the values and ground-breaking educational achievements of barat college.the barat educational foundation worked with a team of educators andtechnology specialists to develop our american voice a 21st century media-rich model to teach civics and citizenship to elementary and middleschool students. This teacher-friendly, in school and after school curriculumis integrated with innovative use of digital technology that combines proven traditional curriculum approaches, cutting-edge technology, media and the artsto educate, engage and empower students to be participative citizens in theircommunities and their country. The program has been implemented in 26 communitiesacross illinois with more than 1,000 students participating in 2020/21.

The barat education develops and seeks support for innovative scholarships and entrepreneurial educational ventures that reflect the deep commitment to personal growth in the context of the community; a deep respect for intellectual and spiritual values; and social awareness that impels action.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$642,754$586,869▼ $55,885
Intangible Assets$180,935$180,935→ $0
Savings and Temporary Cash Investments$76,890$19,990▼ $56,900
Prepaid Expenses and Deferred Charges$4,023$5,642▲ $1,619
Land, Buildings, and Equipment, Net-$1,450-
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$904,602$794,886▼ $109,716
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$27,848$60,572▲ $32,724
Total Liabilities$27,848$60,572▲ $32,724
Net Assets / Fund Balance
Temporarily Rstr Net Assets$770,148$632,831▼ $137,317
Unrestricted Net Assets$66,623$64,000▼ $2,623
Permanently Rstr Net Assets$39,983$37,483▼ $2,500
Total Net Assets Fund Balance$876,754$734,314▼ $142,440
Total Liabilities and Net Assets / Fund Balance$904,602$794,886▼ $109,716

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,450$49,641$51,091

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$39,985--$2,502$37,483
2015$188,370--$148,385$39,985
2014$418,292--$214,425$188,370
2013$549,584-▲ $25,542$144,485$418,291
2012$539,956-▲ $20,074-$549,584
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr Mara GrujanacProgram DirectorFT$73,749$73,749
Janet BurduillisProgram AdmPT$24,000$24,000

Board Members and Trustees

NameTitle
Sheila a SmithChairman
Kathleen GillespieVice Chair
Maureen E RyanBoard Member
Sarah HighstoneSecretary
Michael DimengoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$153,984
Program Service Revenue
$250,050
Investment Income
$52
Other Revenue
$0
All Other Contributions
$153,984
Change in Net Assets
$-142,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$404,086
Total Revenue per Audited Statements
$404,086
Total Revenue per Form 990
$404,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,327
Salaries, Compensation, and Employee Benefits$121,249
Grants and Similar Amounts Paid$8,950
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$76,567$21,182-$97,749
Payment Travel Entrtnmnt Publicly Ofcl$29,387$4,994-$34,381
Fees for Services Accounting$1,888$24,411-$26,299
Fees for Services Other$11,069$3,691-$14,760
Other Employee Benefits$10,980--$10,980
Grants to Domestic Orgs$8,950--$8,950
Payroll Taxes$7,618--$7,618
Insurance$1,684$5,608-$7,292
Office Expenses$5,700$193-$5,893
Other Salaries and Wages$4,902--$4,902
Other Expenses$500$3,331-$3,831
Occupancy$1,125--$1,125
Interest-$1,085-$1,085
All Other Expenses$453$211-$664
Depreciation Depletion-$50-$50
Total Functional Expenses$481,770$64,756$0$546,526

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$546,526
Total Expenses per Audited Statements$546,526
Total Expenses per Form 990$546,526
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Josephinum AcademyChicago, IL-Scholarships$5,750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Yes, copy of return provided for review before filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Governing Board of the Foundation discusses in detail and approves theannual operating budget which includes salaries, contractual relationshipswith independent contractors performing duties for the Foundation, as well as scholarships and donations made by the Foundation consistent with itsmission. Directors, Officers and the grants administrator (key employee) aresubject to the conflict of interest policy. Should a director and/or officerhave a relationship with an organization and/or individual seeking to do business, that director and/or officer recuses him/herself from voting on the matter.The grants administrator does not make budgetary decisions.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The Governing Board approves the salary for the CEO of the organization andreviews the salary on an annual basis. The CEO discloses to the GoverningBoard as part of the annual budget review the suggested compensatiom for theorganization's employees and major independent contractors. The compensationfor the two key employees: Grants Administrator and Program Director are comparable to salaries in other organizations.The CEO's salary is reviewed and voted on annually as part of the organization'sbudget. The salary is comparable to other organizations.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The financial statements are available to the public upon request. If an individual requested a copy of the Conflict of Interest which is articulated in the organization's by laws, that policy would be provided as well.”

Filing and Contact Details

Filer

Filer Name
Barat Education Foundation
EIN
36-4407543
Phone
8475742465
Address
1501 N Oakley Blvd, Chicago, IL 60622

Signing Officer

Name
Sheila a Smith
Title
Chairman
Signed
2018-01-24
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Computer Accounting & Financial Service Inc
Address
6306 N Cicero, Chicago, IL 60646
Preparer
Lawrence Goldman
Phone
7737368800
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IRS990/Desc0As one of 29 national partners in the Library of Congress" Teaching with Primary Sources consortium,the Barat Education Foundation through its grant from the Library is able to offer numerous resources at no cost to Illinois educators to learn about and practice the use of primary sources in classroom instruction.The Foundation has been part of this consortium since 2004.In 2016,the Foundation was awarded a grant by the Library of Congress to developa multidisciplinary curriculum called Citizen U (registered trademark) focusedon empowering teachers across all disciplines to become agents of civic engagementand civic learning. The foundation of the curriculum of Citizen U is the Library of Congress resources which serve as a connection between civic learning and content learning using primary sources.
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IRS990/NetAssetsOrFundBalancesEOYAmt0734314
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01125
IRS990/OccupancyGrp/TotalAmt01125
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0193
IRS990/OfficeExpensesGrp/ProgramServicesAmt05700
IRS990/OfficeExpensesGrp/TotalAmt05893
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010980
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010980
IRS990/OtherExpensesGrp/Desc0Program delivery & services
IRS990/OtherExpensesGrp/Desc1Contributions
IRS990/OtherExpensesGrp/Desc2Telephone and internet
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03331
IRS990/OtherExpensesGrp/ProgramServicesAmt0302381
IRS990/OtherExpensesGrp/ProgramServicesAmt111800
IRS990/OtherExpensesGrp/ProgramServicesAmt26766
IRS990/OtherExpensesGrp/ProgramServicesAmt3500
IRS990/OtherExpensesGrp/TotalAmt0302381
IRS990/OtherExpensesGrp/TotalAmt111800
IRS990/OtherExpensesGrp/TotalAmt26766
IRS990/OtherExpensesGrp/TotalAmt33831
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04902
IRS990/OtherSalariesAndWagesGrp/TotalAmt04902
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt07618
IRS990/PayrollTaxesGrp/TotalAmt07618
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt039983
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt037483
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04023
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05642
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc1Fees / Other
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0250050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0250050
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation developed and administers a program titled Our American Voice which is a project based learning initiative that links the basics of American history, government and civics with digital age technology and community involvement to educate, engage and empower middle-grade students to be participative citizens in their communities and make reasoned commitments to the core democratic values of the United States .
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0170452
IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation developed and supports educational programs reflecting the values and traditions of the Sacred Heart. To achieve this purpose the Foundation sponsors scholarships and makes charitable contibutions .
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt020750
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt072685
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt014815
IRS990/PYInvestmentIncomeAmt03091
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt04994
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt029387
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt034381
IRS990/PYOtherExpensesAmt0302053
IRS990/PYProgramServiceRevenueAmt0466036
IRS990/PYRevenuesLessExpensesAmt0101006
IRS990/PYSalariesCompEmpBnftPaidAmt0123938
IRS990/PYTotalExpensesAmt0440806
IRS990/PYTotalRevenueAmt0541812
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-142440
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0250050
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt076890
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0459919
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0311910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0403635
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0338168
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0274802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01788434
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06860
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04234
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020259
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98880
IRS990ScheduleA/PublicSupportPY170Pct00.98320
IRS990ScheduleA/PublicSupportTotal170Amt01788434
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0459919
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0311910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0403635
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0338168
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0274802
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01788434
IRS990ScheduleA/TotalSupportAmt01808693
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt039985
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt037483
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02502
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0188370
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt039985
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0148385
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt04872
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0418292
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0188370
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt010625
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0214425
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt04770
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0549584
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0418291
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt07580
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025542
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0144485
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0539956
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0549584
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt010446
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020074
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01450
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049641
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051091
IRS990ScheduleD/ExpensesSubtotalAmt0546526
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueSubtotalAmt0404086
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01450
IRS990ScheduleD/TotalExpensesPerForm990Amt0546526
IRS990ScheduleD/TotalRevenuePerForm990Amt0404086
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0404086
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0546526
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt05750
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Josephinum Academy
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01501 N Oakley Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chicago
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060622
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Yes, copy of return provided for review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Governing Board of the Foundation discusses in detail and approves theannual operating budget which includes salaries, contractual relationshipswith independent contractors performing duties for the Foundation, as well as scholarships and donations made by the Foundation consistent with itsmission. Directors, Officers and the grants administrator (key employee) aresubject to the conflict of interest policy. Should a director and/or officerhave a relationship with an organization and/or individual seeking to do business, that director and/or officer recuses him/herself from voting on the matter.The grants administrator does not make budgetary decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Governing Board approves the salary for the CEO of the organization andreviews the salary on an annual basis. The CEO discloses to the GoverningBoard as part of the annual budget review the suggested compensatiom for theorganization's employees and major independent contractors. The compensationfor the two key employees: Grants Administrator and Program Director are comparable to salaries in other organizations.The CEO's salary is reviewed and voted on annually as part of the organization'sbudget. The salary is comparable to other organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The financial statements are available to the public upon request. If an individual requested a copy of the Conflict of Interest which is articulated in the organization's by laws, that policy would be provided as well.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$794,886
Liabilities
$60,572
Net assets
$734,314
Revenue
$404,086
Expenses
$546,526
Net income
-$142,440
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.05$0.07$0.02
2024Detailed filing. Detailed filing data is available for this year.$0.23$0.22$0.02$0.19$0.22$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.34$0.05$0.19$0.21$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.33$0.27$0.06$0.25$0.34$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.60$0.15$0.35$0.57$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.89$0.52$0.37$0.50$0.49$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.04$0.86$0.66$0.61$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.06$0.82$0.67$0.59$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.06$0.73$0.40$0.55$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.90$0.03$0.88$0.54$0.44$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.82$0.05$0.78$0.42$0.43$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.85$0.06$0.79$0.29$0.58$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.03$1.09$0.52