Chicago Foundation for Education

Lagrange Park, ILUnknown exempt organizationEIN 36-3429023Revenue $100K in FY2023

On file with the IRScfegrants.org19 Brewster Ave · Lagrange Park, IL

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To improve & enhance educational experiences provided in Chicago's public elementary schools.

78¢ of each $1 spent went to programs.
Run by 50 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $211K a year · 64% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$141K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$100K
-43% vs prior year
Spent
$463K
To programs
78%
Net assets
$112K
By yearFY2020–FY2023
Revenue
$100K
FY2023▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$437K
FY2021$599K
FY2022$176K
FY2023$100K
Expenses
$463K
FY2023+0.5%
Tap a bar for its year
Expenses by fiscal year
FY2020$587K
FY2021$645K
FY2022$461K
FY2023$463K
Net assets
$112K
FY2023▼ -76%
Tap a bar for its year
Net assets by fiscal year
FY2020$772K
FY2021$801K
FY2022$468K
FY2023$112K

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $362K Management & general 5% · $25K Fundraising 17% · $77K

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; $141K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Co-Executive Director
$111,419Pt VII · Sec A
Co-Executive Director
$29,405Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Sarah H Knight$111,419$89,844$89,831$92,086
Kristin M Hardy$29,405$103,440$99,974$92,576

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.

See Chicago Foundation for Education 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

Enhances educational experiences in Chicago's public elementary schools.

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Provided by the organization

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3 programs · $351K · in their own filed words · FY2022
01

Relief Fund/Educator Impact Fund

aims to furnish school communities with the digital learning tools, physical equipment, and other classroom supplies necessary to support high quality instruction and engagement.

$330Kprogram expense
02

Action Research Leadership Institute

develop the analytical capacity and leadership potential of Chicago's most outstanding educators. Participants conduct action research projects with students in their schools, with a keen focus on improving student experiences and enhancing success.

$15Kprogram expense
03

Study Group Grants

Provides funding for CFE-TST Impact Teams' school-wide projects. Grants are awarded to "Teacher Liaisons" to help cover supplies and general resources costs associated with running the "Impact Team Members and accomplishing collective team goals.

$7Kprogram 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 1 funder$1K
Grants paid · 16 grants · $806K · 2019–2022
Unitemized GrantFY2022$255,764
Unitemized GrantFY2022$7,100
Unitemized GrantFY2022$7,000
Unitemized GrantFY2021$151,403
Unitemized GrantFY2021$11,500
Unitemized GrantFY2021$9,800
Unitemized GrantFY2021$5,000
Unitemized GrantFY2020$222,888
Unitemized GrantFY2020$11,750
Unitemized GrantFY2020$5,650
Unitemized GrantFY2020$5,300
Unitemized GrantFY2019$79,966
Unitemized GrantFY2019$15,400
Unitemized GrantFY2019$13,750
Unitemized GrantFY2019$2,300
Unitemized GrantFY2019$1,600

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$100K
Ln 12
Gifts and grantsLn 1h$96K
Investment incomeLn 3$4K
Other incomeLn 4–11$2
Money outPt IX
$463K
Ln 25
Programscol B$362K
Managementcol C$25K
Fundraisingcol D$77K
Owns and owesPt X
$112K
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$116K
LiabilitiesLn 26$4K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Investment incomeLn 3$4K
Other incomeLn 4–11$2
Total revenueLn 12$100K
Assets in detailPt X, end of year
CashLn 1$116K
Cash and savings togetherLn 1–2$116K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$116K
LiabilitiesLn 26$4K
Net assetsLn 32$112K
OperationsPt I, VI
EmployeesI 54
VolunteersI 650
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 FY23End FY23
Cash and savingsLn 1–2$63K$116K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$487K$116K
LiabilitiesLn 26$19K$4K
Net assetsLn 32$468K$112K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$270K$270K
Pay of current officers, directors and key staffLn 5$121K$54K$7K$60K
Payroll taxesLn 10$10K$4K$491$5K
Accounting feesLn 11c$20K$9K$1K$10K
Other fees for servicesLn 11g$10K$6K$4K
Office expensesLn 13$1K$30$1K$36
Information technologyLn 14$14K$14K
OccupancyLn 16$833$393$42$398
TravelLn 17$136$136
Conferences, conventions and meetingsLn 19$3K$3K
InsuranceLn 23$3K$2K$170$2K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$463K$362K$25K$77K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $100K$463K−$364K$112K 990 PDF
FY2022 $176K$461K−$285K$468K 990 PDF
FY2021 $599K$645K−$46K$801K 990 PDF
FY2020 $437K$587K−$150K$772K 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 FY2023 990 (6 parts)
Part I · Summary $99,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $168,468$95,513
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,554$3,985
I-11 Other revenuePrior year $50$2
I-12 Total revenuePrior year $176,072$99,500
I-13 Grants and similar amounts paidPrior year $177,703$269,864
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $200,789$130,372
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $82,563$62,954
I-18 Total expensesPrior year $461,055$463,190
I-19 Revenue less expensesPrior year −$284,983−$363,690
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $99,500 across 5 lines filed
VIII-1f All other contributions, gifts and grants$95,513
VIII-1h Total contributions, gifts and grants$95,513
VIII-3 Investment incomeExcluded from tax $3,985$3,985
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2$2
VIII-12 Total revenueRelated to mission $2 · Unrelated business $0 · Excluded from tax $3,985$99,500
Part IX · Statement of functional expenses $463,190 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $269,864$269,864
IX-5 Pay of current officers, directors and key staffPrograms $53,567 · Management $6,882 · Fundraising $60,252$120,701
IX-10 Payroll taxesPrograms $4,292 · Management $491 · Fundraising $4,888$9,671
IX-11c Accounting feesPrograms $9,473 · Management $1,019 · Fundraising $9,608$20,100
IX-11g Other fees for servicesPrograms $5,959 · Management $4,462$10,421
IX-13 Office expensesPrograms $30 · Management $1,158 · Fundraising $36$1,224
IX-14 Information technologyPrograms $14,162$14,162
IX-16 OccupancyPrograms $393 · Management $42 · Fundraising $398$833
IX-17 TravelManagement $136$136
IX-19 Conferences, conventions and meetingsPrograms $2,548$2,548
IX-23 InsurancePrograms $1,586 · Management $170 · Fundraising $1,609$3,365
IX-24 Other expenses (24a–d)Management $10,165$10,165
IX-25 Total functional expensesPrograms $361,874 · Management $24,525 · Fundraising $76,791$463,190
Part X · Balance sheet $115,642 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $62,904$115,642
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $487,494$115,642
X-17 Accounts payable and accrued expensesStart of year $19,101$3,504
X-26 Total liabilitiesStart of year $19,101$3,504
X-27 Net assets without donor restrictionsStart of year $468,393$112,138
X-32 Total net assets or fund balancesStart of year $468,393$112,138
X-33 Total liabilities and net assetsStart of year $487,494$115,642
Part XI · Reconciliation of net assets $112,138 net assets at year end
XI-1 Total revenue$99,500
XI-2 Total expenses$463,190
XI-3 Revenue less expenses−$363,690
XI-4 Net assets at start of year$468,393
XI-5 Net unrealized gains (losses) on investments$7,304
XI-8 Prior period adjustments$131
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$112,138

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

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