Foundation for Culinary Arts FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)EducationEIN 36-2170142Revenue $209K in FY2020

On file with the IRSkendallcollegetrust.org1021 W Adams St Ste 203, 60607-2934 · Chicago, ILTax-exempt since Feb 1952Publicly supported charity — 170(b)(1)(A)(vi)

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The kendall college trust provides resources and opportunities that support educational advancement and career development for students with financial need.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$168K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
1 of 5
filings with a surplus
Average deficit $188K a year · 53% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$168K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$96K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$209K
Spent
$640K
To programs
62%
Net assets
$4.8M
By yearFY2020–FY2025
Revenue
$209K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$209K
FY2021$1.5M
FY2022−$611K
FY2024$158K
FY2025$481K
Expenses
$640K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$640K
FY2021$540K
FY2022$583K
FY2024$415K
FY2025$531K
Net assets
$4.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$5.8M
FY2022$4.6M
FY2024$3.3M
FY2025$3.2M

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 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 Feb 1952.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $396K Management & general 10% · $65K Fundraising 28% · $179K

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

10 people listed on the 990; $168K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$167,929Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Catherine De Orio’s $251K as Executive Director is at the 99th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Catherine De Orio$251,345$164,667$181,388$167,199$167,929

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Supports students with financial need through educational advancement and career development resources.

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Provided by the organization

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1 program · $396K · in their own filed words · FY2019
01

Provision of financial support to students enrolled in accredited CULINARY/HOSPITALITY program along with financial support for a week-long culinary camp for chicago public school high school students.

$396Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$10K
Grants paid · 4 grants · $397K · 2019–2024
Unitemized GrantFY2024$141,555
Unitemized GrantFY2023$53,426
National Louis UniversityIL · FY2020$66,440
National Louis UniversityIL · FY2019$135,193

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$209K
Ln 12
Investment incomeLn 3$156K
Gifts and grantsLn 1h$41K
Other incomeLn 4–11$12K
Money outPt IX
$640K
Ln 25
Programscol B$396K
Managementcol C$65K
Fundraisingcol D$179K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$4.9M
LiabilitiesLn 26$96K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41K
Investment incomeLn 3$156K
Other incomeLn 4–11$12K
Gains on assetsLn 7$44K
Total revenueLn 12$209K
Assets in detailPt X, end of year
CashLn 1$135K
Cash and savings togetherLn 1–2$135K
InvestmentsLn 11–13$4.8M
Other assetsLn 15$0
Total assetsLn 16$4.9M
LiabilitiesLn 26$96K
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$42K$135K
InvestmentsLn 11–13$5.2M$4.8M
Total assetsLn 16$5.3M$4.9M
LiabilitiesLn 26$26K$96K
Net assetsLn 32$5.3M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$190K$190K
Other salaries and wagesLn 7$51K$34K$12K$5K
Management feesLn 11a$168K$112K$13K$43K
Investment management feesLn 11f$33K$33K
Other fees for servicesLn 11g$146K$21K$124K
Office expensesLn 13$14K$1K$12K$749
Conferences, conventions and meetingsLn 19$2K$86$812$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$35K$26K$3K$6K
Total functional expensesLn 25$640K$396K$65K$179K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $481K$531K−$50K$3.2M 990 PDF
FY2024 $158K$415K−$257K$3.3M 990 PDF
FY2023 Not on file
FY2022 −$611K$583K−$1.2M$4.6M 990 PDF
FY2021 $1.5M$540K$994K$5.8M 990 PDF
FY2020 Viewing $209K$640K−$431K$4.8M 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 FY2020 990 (6 parts)
Part I · Summary $209,223 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $79,360$41,191
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $279,342$156,188
I-11 Other revenuePrior year $51,493$11,844
I-12 Total revenuePrior year $410,195$209,223
I-13 Grants and similar amounts paidPrior year $185,640$190,334
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $48,047$50,596
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $223,832$399,340
I-18 Total expensesPrior year $457,519$640,270
I-19 Revenue less expensesPrior year −$47,324−$431,047
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $209,223 across 7 lines filed
VIII-1f All other contributions, gifts and grants$41,191
VIII-1h Total contributions, gifts and grants$41,191
VIII-3 Investment incomeExcluded from tax $112,000$112,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $44,188$44,188
VIII-8 Net income from fundraising eventsExcluded from tax $11,465$11,465
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $379$379
VIII-12 Total revenueRelated to mission $0 · Unrelated business $379 · Excluded from tax $167,653$209,223
Part IX · Statement of functional expenses $640,270 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $190,334$190,334
IX-7 Other salaries and wagesPrograms $33,768 · Management $12,298 · Fundraising $4,530$50,596
IX-11a Management feesPrograms $111,657 · Management $13,238 · Fundraising $43,044$167,939
IX-11f Investment management feesPrograms $33,096$33,096
IX-11g Other fees for servicesManagement $21,481 · Fundraising $124,045$145,526
IX-13 Office expensesPrograms $1,389 · Management $12,162 · Fundraising $749$14,300
IX-19 Conferences, conventions and meetingsPrograms $86 · Management $812 · Fundraising $1,114$2,012
IX-23 InsuranceManagement $1,551$1,551
IX-24 Other expenses (24a–d)Programs $26,021 · Management $3,255 · Fundraising $5,640$34,916
IX-25 Total functional expensesPrograms $396,351 · Management $64,797 · Fundraising $179,122$640,270
Part X · Balance sheet $4,930,819 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $41,924$134,891
X-11 Publicly traded securitiesStart of year $5,244,936$4,795,928
X-15 Other assetsStart of year $4,724$0
X-16 Total assetsStart of year $5,291,584$4,930,819
X-17 Accounts payable and accrued expensesStart of year $26,111$96,393
X-26 Total liabilitiesStart of year $26,111$96,393
X-27 Net assets without donor restrictionsStart of year $4,776,598$4,348,818
X-28 Net assets with donor restrictionsStart of year $488,875$485,608
X-32 Total net assets or fund balancesStart of year $5,265,473$4,834,426
X-33 Total liabilities and net assetsStart of year $5,291,584$4,930,819
Part XI · Reconciliation of net assets $4,834,426 net assets at year end
XI-1 Total revenue$209,223
XI-2 Total expenses$640,270
XI-3 Revenue less expenses−$431,047
XI-4 Net assets at start of year$5,265,473
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,834,426

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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