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Noble Network Education Foundation FY2022 filing

Chicago, ILUnknown exempt organization EIN 32-0342169Revenue $237K in FY2022Latest return filed May 15, 2025

On file with the IRSChicago, IL

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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.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · 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
Cash reserves
313012 mo
of spending, in cash
Looks good: 313011.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$237K
-5% vs prior year
Spent
$75
To programs
0%
Net assets
$21.1M
By yearFY2020–FY2024
Revenue
$237K
FY2022▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$248K
FY2021$248K
FY2022$237K
FY2023$190K
FY2024$147K
Expenses
$75
FY20220%
Tap a bar for its year
Expenses by fiscal year
FY2020$74
FY2021$75
FY2022$75
FY2023$15
FY2024$40K
Net assets
$21.1M
FY2022▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.4M
FY2021$26.6M
FY2022$21.1M
FY2023$21.2M
FY2024$0

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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% · $75

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Mireya Diaz
Treasurer & Secretary
$0Pt VII · Sec A
Tory Morris
Board Clerk - Term
$0Pt VII · Sec A
$0Pt VII · Sec A
David Doig
Director
$0Pt VII · Sec A
Troy Ratliff
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Noble Network Education Foundation executive salaries →

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.

Questions for Noble Network Education Foundation

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Your first name shows with your question. Noble Network Education Foundation answers here, for everyone.

1 program · in their own filed words · FY2021
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

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$237K
Ln 12
Investment incomeLn 3$237K
Money outPt IX
$75
Ln 25
Managementcol C$75
Owns and owesPt X
$21.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$21.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$237K
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$2.0M
Cash and savings togetherLn 1–2$2.0M
Notes and loans receivableLn 7$19.1M
Total assetsLn 16$21.1M
LiabilitiesLn 26$0
Net assetsLn 32$21.1M
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 FY22End FY22
Cash and savingsLn 1–2$1.7M$2.0M
Total assetsLn 16$26.6M$21.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$26.6M$21.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$75$75
Total functional expensesLn 25$75$0$75$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 15, 2025 $147K$40K$107K$0 990 PDF
FY2023Filed with the IRS May 10, 2024 $190K$15$190K$21.2M 990 PDF
FY2022 ViewingFiled with the IRS Mar 15, 2023 $237K$75$237K$21.1M 990 PDF
FY2021Filed with the IRS Feb 24, 2022 $248K$75$248K$26.6M 990 PDF
FY2020Filed with the IRS Apr 30, 2021 $248K$74$248K$26.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $236,596 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $248,233$236,596
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $248,233$236,596
I-13 Grants and similar amounts paidPrior year $0$0
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 $75$75
I-18 Total expensesPrior year $75$75
I-19 Revenue less expensesPrior year $248,158$236,521
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $236,596 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $236,596$236,596
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $236,596$236,596
Part IX · Statement of functional expenses $75 across 1 line filed
IX-13 Office expensesManagement $75$75
IX-25 Total functional expensesPrograms $0 · Management $75 · Fundraising $0$75
Part X · Balance sheet $21,055,545 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,719,802$1,956,323
X-7 Notes and loans receivableStart of year $24,918,422$19,099,222
X-16 Total assetsStart of year $26,638,224$21,055,545
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year −$6,285,176−$11,867,855
X-28 Net assets with donor restrictionsStart of year $32,923,400$32,923,400
X-32 Total net assets or fund balancesStart of year $26,638,224$21,055,545
X-33 Total liabilities and net assetsStart of year $26,638,224$21,055,545
Part XI · Reconciliation of net assets $21,055,545 net assets at year end
XI-1 Total revenue$236,596
XI-2 Total expenses$75
XI-3 Revenue less expenses$236,521
XI-4 Net assets at start of year$26,638,224
XI-9 Other changes in net assets−$5,819,200
XI-10 Net assets at end of year$21,055,545

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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