Partnership for Educational Progress EIN 36-3835164

Partnership for Educational Progress FY2023 filing

EIN  36-3835164 Public charity (501(c)(3)) Glen Ellyn, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Partners with residents, businesses, and schools to fund local public education.
Leadership
Rebecca Parke · Foundation Services Coordinat · $11K
Money in and out
$207K revenue, $225K expenses
Bottom line
99% program efficiency

Partners with residents, businesses, and schools to fund local public education. For fiscal year 2023 it reported $207K in revenue, $225K in expenses, and $577K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$577K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
30.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$207K
FY2023▼ -27%
Expenses
$225K
FY2023▲ +45%
Total assets
$577K
FY2023▼ -3%
Total liabilities
$0
FY2023
Total revenue
$207K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$577K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$577K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $223K of program spending, described in the organization's own filed words · FY2022.
01

P.E.P. Awards grants to teachers, school districts and libraries along with various scholarships.

$223Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPartnership for Educational Progress
EINHdr · item D36-3835164
Principal addressHdr · item CGlen Ellyn, IL
WebsiteHdr · item Jwww.thepepfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99Z)
Ruling yearIRS BMFJul 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Foundation Services Coordinat
$11,277Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Dist 15 Board Rep
$0Pt VII · Sec A
Dist 93 Board Rep
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A

Rebecca Parke’s $11K as Foundation Services Coordinat is at the 9th percentile of top reported officer pay among 1616 $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

NameFY2023FY2022FY2021FY2020
Rebecca Parke$11,277$8,279$6,292$6,455

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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Statement of Revenue

Part VIII
Contributions & grants$191K · 92%
Investment income$16K · 8%
Contributions & grants92%$191K
Investment income8%$16K
Total revenueLn 12$207K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$223K
Management & general1%$2K
Total functional expensesLn 25$225K

Balance Sheet

Part X · end of year
CashLn 1$577K
Total assetsLn 16$577K
Total liabilitiesLn 26$0
Total net assetsLn 32$577K
Months of cash on handcomputed30.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $577K · Operating expenses/yr $225K
30.8 months
Where the money goes
Program services
Program services $223K · Total expenses $225K
99%
Management & General
Management & general $2K · Total expenses $225K
0.7%
Fundraising
Fundraising $0 · Total expenses $225K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $245K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $191K · Total revenue $207K
92%
Government reliance
Government grants — · Total revenue $207K
Earned-income share
Program service revenue $0 · Total revenue $207K
0%
Investment reliance
Investment income $16K · Total revenue $207K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $225K
0%
Growth & trend
Revenue growth (YoY)
This year $207K · Prior year $284K
-27%
Net-asset trend (YoY)
End of year $577K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $207K · Expenses $225K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $577K
Net-asset ratio
Net assets $577K · Total assets $577K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $577K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rebecca Parke · Reported title FOUNDATION SERVICES COORDINAT · Highest reported compensation $11K · Total expenses $225K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $12K · Total expenses $225K
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.7%
Fundraising cost ratio 0%
Revenue growth -27%
Investment management fee ratio 0.2%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 6 grants · $274K · 2021–2024
Unitemized GrantFY2024$52,250
Make a MemoryFY2023$117,058
Unitemized GrantFY2023$23,685
D41 Kids FoundationIL · FY2022$53,320
Unitemized GrantFY2022$8,250
Unitemized GrantFY2021$19,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$146K revenue · ⤓ 990 PDF
FY2024$177K revenue · ⤓ 990 PDF
FY2023$207K revenue · viewing · ⤓ 990 PDF
FY2022$284K revenue · ⤓ 990 PDF
FY2021$197K revenue · ⤓ 990 PDF
FY2020$195K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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