Noble Network Education Foundation

Chicago, ILUnknown exempt organizationEIN 32-0342169

Noble network education foundation was formed to explore, arrange and facilitate traditional and nontraditional funding or financing for capital projects at noble network of charter schools, the supported organization.

Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $206K a year · 96% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$147K
-23% vs prior year
Spent
$40K
To programs
0%
Net assets
$0
By yearFY2020–FY2024
Revenue
$147K
FY2024▼ -23%
Revenue by fiscal year
FY2020$248K
FY2021$248K
FY2022$237K
FY2023$190K
FY2024$147K
Expenses
$40K
FY2024▲ ×2695
Expenses by fiscal year
FY2020$74
FY2021$75
FY2022$75
FY2023$15
FY2024$40K
Net assets
$0
FY2024▼ -100%
Net assets by fiscal year
FY2020$26.4M
FY2021$26.6M
FY2022$21.1M
FY2023$21.2M
FY2024$0

From the FY2024 Form 990 (year ending June 2024) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $40K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer & Secretary
$0Pt VII · Sec A
See Noble Network Education 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Secures funding for capital projects at charter schools.

Provided by the organization

This section is blank until Noble Network Education Foundation claims this page.

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1 program service, described in the organization's own filed words · FY2023.
01

Noble network education foundation was formed to explore, arrange and facilitate traditional and nontraditional funding or financing for capital projects at noble network of charter schools, the supported organization.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$147K
Ln 12
Investment incomeLn 3$147K
Money outPt IX
$40K
Ln 25
Managementcol C$40K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$147K
Total revenueLn 12$147K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY24End FY24
Cash and savingsLn 1–2$2.1M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$21.2M$0
LiabilitiesLn 26$0$0
Net assetsLn 32$21.2M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$40K$40K
Office expensesLn 13$30$30
Total functional expensesLn 25$40K$0$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $147K$40K$107K$0 990 PDF
FY2023 $190K$15$190K$21.2M 990 PDF
FY2022 $237K$75$237K$21.1M 990 PDF
FY2021 $248K$75$248K$26.6M 990 PDF
FY2020 $248K$74$248K$26.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $147,282 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $147,282$147,282
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $147,282$147,282
Part IX · Statement of functional expenses $40,430 across 2 lines filed
IX-11g Other fees for servicesManagement $40,400$40,400
IX-13 Office expensesManagement $30$30
IX-25 Total functional expensesPrograms $0 · Management $40,430 · Fundraising $0$40,430
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,146,350$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $21,245,572$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year −$11,677,828$0
X-28 Net assets with donor restrictionsStart of year $32,923,400$0
X-32 Total net assets or fund balancesStart of year $21,245,572$0
X-33 Total liabilities and net assetsStart of year $21,245,572$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$147,282
XI-2 Total expenses$40,430
XI-3 Revenue less expenses$106,852
XI-4 Net assets at start of year$21,245,572
XI-9 Other changes in net assets−$21,352,424
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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