Civic Intelligence

Auguste Escoffier Educational Fund Inc.

990 • Fiscal year 2020 • EIN 81-1104965

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2022

Refreshing map…

150 N Martingale RoadSchaumburg, IL 60173

(630) 306-9822

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

$60,016

No earlier filing loaded for comparison.

Net Assets

$60,016

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$58,016

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$58,016

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2020: $60,016Liabilities 2020: $0Net Assets 2020: $60,0162020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $84,714Liabilities 2022: $13,116Net Assets 2022: $71,5982022Assets 2023: $72,903Liabilities 2023: $0Net Assets 2023: $72,9032023Assets 2024: $21,457Liabilities 2024: $1,595Net Assets 2024: $19,8622024

Highlighted filing

2020

Assets$60,016
Liabilities$0
Net Assets$60,016

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $58,016Expenses 2020: $0Net Income 2020: $58,0162020Revenue 2021: $266,525Expenses 2021: $225,122Net Income 2021: $41,4032021Revenue 2022: $350,242Expenses 2022: $380,063Net Income 2022: -$29,8212022Revenue 2023: $477,033Expenses 2023: $475,728Net Income 2023: $1,3052023Revenue 2024: $391,583Expenses 2024: $441,711Net Income 2024: -$50,1282024

Highlighted filing

2020

Revenue$58,016
Expenses$0
Net Income$58,016
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2022
Return Version
2020v4.1
Gross Receipts
$58,016
Mission and Program Overview

Mission

Escoffier scholarship foundation is designed to assist students with a passion for culinary and pastry arts who maybe unable to attend the institution without additional financial assistance.

Escoffier Scholarship Foundation is designed to assist students with a passion for culinary and pastry arts who may be unable to attend the institution without additional financial assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,000$60,016▲ $58,016
Total Assets$2,000$60,016▲ $58,016
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,000$60,016▲ $58,016
Total Net Assets Fund Balance$2,000$60,016▲ $58,016
Total Liabilities and Net Assets / Fund Balance$2,000$60,016▲ $58,016
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tracey LorenzPresident
Heidi PhippsOfficer
Miles MitchellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$58,016
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$58,016
Change in Net Assets
$58,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Auguste Escoffier Educational Fund Inc
EIN
81-1104965
Phone
6303069822
Address
150 N MARTINGALE ROAD, SCHAUMBURG, IL 60173
Doing Business As
Escoffier Scholarship Foundation

Signing Officer

Name
Heidi Phipps
Title
Executive Director
Phone
6303069822
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heidi Phipps
Formed
2016
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Douglas G Sipe CPA LLC
Address
75 Lane Road Suite 403, Fairfield, NJ 07004
Preparer
Douglas G Sipe CPA LLC
Phone
9086875558
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

President reviews the form 990 before filing

Raw XML Appendix261 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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IRS990/Desc0The Escoffier Scholarship Foundation has a limited number of individual student awards up to $500 that will vary in number based off each respective term start date and funds available. The institution will review student eligibility during the financial aid process and notify the students that were selected. Students must remain in good standing based on the conditions below to receive disbursements.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt058016
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02000
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
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IRS990/OfficerMailingAddressInd0false
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/PartialLiquidationInd0false
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IRS990/ProfessionalFundraisingInd0false
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IRS990/ReconcilationRevenueExpnssAmt058016
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT REVIEWS THE FORM 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-09
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ReturnHeader/Filer/EIN0811104965
ReturnHeader/Filer/PhoneNum06303069822
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ReturnHeader/Filer/USAddress/CityNm0SCHAUMBURG
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt075 Lane Road Suite 403
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fairfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007004
ReturnHeader/PreparerPersonGrp/PhoneNum09086875558
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS G SIPE CPA LLC
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-28T13:38:56-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HEIDI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHIPPS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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