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

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
24 mo
of spending, in cash
Looks good: 23.5 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
$47K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
+3% vs prior year
Spent
$141K
To programs
75%
Net assets
$231K
By yearFY2020–FY2025
Revenue
$149K
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$123K
FY2022$145K
FY2023$149K
FY2024$181K
FY2025$195K
Expenses
$141K
FY2023▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$163K
FY2021$150K
FY2022$133K
FY2023$141K
FY2024$199K
FY2025$210K
Net assets
$231K
FY2023▲ +4%
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 FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

75 cents of each dollar spent went to programs.

Program services 75% · $105K Management & general 25% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice-Chair Grants and Initiatives
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Corporate Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Communications Committe Chair
$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 15aNo

Programs and updates

Funds innovations empowering every learner to achieve personal excellence.

Questions for School District 95 Educational Foundation

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Your first name shows with your question. School District 95 Educational Foundation answers here, for everyone.

Provided by the organization

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3 programs · $77K · in their own filed words · FY2022
01

Grants through Joanie's Closet committee to meet the needs of under-resourced students and their families throughout the School District including one high school, two middle schools and five elementary schools.

$39Kprogram expense
02

Grants to schools and teachers throughout the district.

$25Kprogram expense
03

Funding for incubator program at Lake Zurich High School. Commit to provide start-up funds over the next school year to the top three teams presenting at pitch night.

$13Kprogram 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
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$149K
Ln 12
Gifts and grantsLn 1h$102K
Other incomeLn 4–11$44K
Investment incomeLn 3$3K
Money outPt IX
$141K
Ln 25
Programscol B$105K
Managementcol C$35K
Owns and owesPt X
$231K
net assets · Ln 32
Cash and savingsLn 1–2$275K
Total assetsLn 16$278K
LiabilitiesLn 26$47K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$102K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$14K
Investment incomeLn 3$3K
Other incomeLn 4–11$44K
Gains on assetsLn 7$0
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$275K
Cash and savings togetherLn 1–2$275K
InvestmentsLn 11–13$0
Total assetsLn 16$278K
LiabilitiesLn 26$47K
Net assetsLn 32$231K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$276K$275K
InvestmentsLn 11–13$0$0
Total assetsLn 16$276K$278K
LiabilitiesLn 26$54K$47K
Net assetsLn 32$223K$231K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$105K$105K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$28K$0$28K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$1K$0$1K$0
Office expensesLn 13$340$0$340$0
Information technologyLn 14$1K$0$1K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$3K$0$3K$0
Total functional expensesLn 25$141K$105K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $195K$210K−$15K$128K 990 PDF
FY2024 $181K$199K−$18K$153K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $149,036 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,721$101,763
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $119$2,918
I-11 Other revenuePrior year $43,956$44,355
I-12 Total revenuePrior year $144,796$149,036
I-13 Grants and similar amounts paidPrior year $94,633$105,166
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 $37,870$35,430
I-18 Total expensesPrior year $132,503$140,596
I-19 Revenue less expensesPrior year $12,293$8,440
Part VI · Governance 13 of 13 board members independent, 5 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $149,036 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$13,902
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$87,861
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$101,763
VIII-3 Investment incomeRelated to mission $2,918 · Unrelated business $0 · Excluded from tax $0$2,918
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $44,355$44,355
VIII-12 Total revenueRelated to mission $2,918 · Unrelated business $0 · Excluded from tax $44,355$149,036
Part IX · Statement of functional expenses $140,596 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $105,166$105,166
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $28,106 · Fundraising $0$28,106
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $1,371 · Fundraising $0$1,371
IX-13 Office expensesPrograms $0 · Management $340 · Fundraising $0$340
IX-14 Information technologyPrograms $0 · Management $1,050 · Fundraising $0$1,050
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $1,143 · Fundraising $0$1,143
IX-24 Other expenses (24a–d)Programs $0 · Management $3,420 · Fundraising $0$3,420
IX-25 Total functional expensesPrograms $105,166 · Management $35,430 · Fundraising $0$140,596
Part X · Balance sheet $278,185 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $276,355$274,786
X-3 Pledges and grants receivableStart of year $0$17
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$3,382
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-16 Total assetsStart of year $276,355$278,185
X-17 Accounts payable and accrued expensesStart of year $2,280$433
X-18 Grants payableStart of year $50,900$39,657
X-19 Deferred revenueStart of year $621$7,100
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $53,801$47,190
X-27 Net assets without donor restrictionsStart of year $141,118$126,323
X-28 Net assets with donor restrictionsStart of year $81,436$104,672
X-32 Total net assets or fund balancesStart of year $222,554$230,995
X-33 Total liabilities and net assetsStart of year $276,355$278,185
Part XI · Reconciliation of net assets $230,995 net assets at year end
XI-1 Total revenue$149,036
XI-2 Total expenses$140,596
XI-3 Revenue less expenses$8,440
XI-4 Net assets at start of year$222,554
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$230,995

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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