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School District 95 Educational Foundation

Tax-deductible

Lake Zurich, IL501(c)(3)Youth Development EIN 30-0387916Revenue $195K in FY2025

On file with the IRSdistrict95foundation.org832 S Rand Rd, 60047-2465 · Lake Zurich, ILTax-exempt since May 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Raise funds and provide resources for additional innovations that empower every learner to achieve personal excellence.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $5K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$195K
+8% vs prior year
Spent
$210K
To programs
100%
Net assets
$128K
By yearFY2020–FY2025
Revenue
$195K
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$123K
FY2022$145K
FY2023$149K
FY2024$181K
FY2025$195K
Expenses
$210K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$163K
FY2021$150K
FY2022$133K
FY2023$141K
FY2024$199K
FY2025$210K
Net assets
$128K
FY2025▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$238K
FY2021$211K
FY2022$223K
FY2023$231K
FY2024$153K
FY2025$128K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $210K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Joseph Janicki
Board Member
$0Pt VII · Sec A
Kelley Gaullt
Board Member
$0Pt VII · Sec A
Vasili Russis
Board Member
$0Pt VII · Sec A
John Sfire
Board Member
$0Pt VII · Sec A
Felicks Kravets
Board Member
$0Pt VII · Sec A
Andrew Spetter
Vice Chair of Grants and Initiatives
$0Pt VII · Sec A
$0Pt VII · Sec A
Indra Josephs
President
$0Pt VII · Sec A
See School District 95 Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds innovations empowering every learner to achieve personal excellence.

Questions for School District 95 Educational Foundation

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Provided by the organization

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3 programs · $64K · in their own filed words · FY2024
01

Grant funding provided to schools and teachers throughout district 95 upon application to, and approval by, the foundation.

$34Kprogram expense
02

Funding for the incubator program at lake zurich high school. The incubator program is an innovative entrepeneurship course that givees high school student the opportunity to develop real business ideas from concept to pitch and provides funds to top teams which present at final pitch night.

$25Kprogram expense
03

Grant funding provided to joanie's closet to meet the needs of under-resourced students and their families throughout district 95.

$5Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
The Ayco Charitable FoundationFY2025$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 12 grants · $239K · 2019–2023
Lake Zurich Community Unit School District 95FY2023$71,396
Lake Zurich High School PTOFY2023$13,153
Lake Zurich Community Unit School District 95FY2022$43,974
Unitemized GrantFY2021$7,000
Cusd 95FY2020$17,732
Cusd 95FY2020$8,740
Cusd 95FY2020$7,800
Cusd 95FY2019$23,000
Cuds 95FY2019$20,940
University of WisconsinFY2019$10,000
Individual RecipientFY2019$10,000
Sarah Adams Elementary SchoolFY2019$5,206

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$195K
Ln 12
Gifts and grantsLn 1h$190K
Investment incomeLn 3$5K
Money outPt IX
$210K
Ln 25
Programscol B$210K
Owns and owesPt X
$128K
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$128K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$190K
Fundraising eventsLn 1c$40K
Investment incomeLn 3$5K
Total revenueLn 12$195K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$111K
Cash and savings togetherLn 1–2$128K
Total assetsLn 16$128K
LiabilitiesLn 26$0
Net assetsLn 32$128K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$171K$128K
Total assetsLn 16$181K$128K
LiabilitiesLn 26$28K$0
Net assetsLn 32$153K$128K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$135K$135K
Management feesLn 11a$64K$64K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$587$587
Total functional expensesLn 25$210K$210K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $195K$210K−$15K$128K 990 PDF
FY2024 $181K$199K−$18K$153K 990 PDF
FY2023 $149K$141K$8K$231K 990 PDF
FY2022 $145K$133K$12K$223K 990 PDF
FY2021 $123K$150K−$27K$211K 990 PDF
FY2020 $173K$163K$10K$238K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $194,809 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $168,457$189,878
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,081$4,931
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $177,538$194,809
I-13 Grants and similar amounts paidPrior year $151,693$134,550
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $47,737$75,464
I-18 Total expensesPrior year $199,430$210,014
I-19 Revenue less expensesPrior year −$21,892−$15,205
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $194,809 across 6 lines filed
VIII-1c Fundraising events$39,996
VIII-1f All other contributions, gifts and grants$73,202
VIII-1h Total contributions, gifts and grants$189,878
VIII-3 Investment incomeExcluded from tax $4,931$4,931
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,931$194,809
Part IX · Statement of functional expenses $210,014 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $134,550$134,550
IX-11a Management feesPrograms $63,542$63,542
IX-12 Advertising and promotionPrograms $6,519$6,519
IX-13 Office expensesPrograms $2,330$2,330
IX-23 InsurancePrograms $2,486$2,486
IX-24 Other expenses (24a–d)Programs $587$587
IX-25 Total functional expensesPrograms $210,014 · Management $0 · Fundraising $0$210,014
Part X · Balance sheet $128,466 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $36,401$17,830
X-2 Savings and temporary cash investmentsStart of year $134,705$110,636
X-9 Prepaid expenses and deferred chargesStart of year $5,236$0
X-16 Total assetsStart of year $181,011$128,466
X-17 Accounts payable and accrued expensesStart of year $2,014$0
X-18 Grants payableStart of year $25,621$0
X-19 Deferred revenueStart of year $600$0
X-26 Total liabilitiesStart of year $28,235$0
X-27 Net assets without donor restrictionsStart of year $27,724$128,466
X-28 Net assets with donor restrictionsStart of year $125,052$0
X-32 Total net assets or fund balancesStart of year $152,776$128,466
X-33 Total liabilities and net assetsStart of year $181,011$128,466
Part XI · Reconciliation of net assets $128,466 net assets at year end
XI-1 Total revenue$194,809
XI-2 Total expenses$210,014
XI-3 Revenue less expenses−$15,205
XI-4 Net assets at start of year$152,776
XI-9 Other changes in net assets−$9,105
XI-10 Net assets at end of year$128,466

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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