Ariel Education Intiative EIN 36-4093845 Form 990 (PDF) Claim this org

Ariel Education Intiative

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Empowering African-American families through innovative education and financial dialogue. For fiscal year 2025 it reported $707K in revenue, $426K in expenses, and $864K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Chicago, IL
Website
www.arielinvestments.com
Filings
6 on file (2020–2025)
Revenue
$707KFY2025
Expenses
$426K
Net assets
$864K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-4093845 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering African-American families through innovative education and financial dialogue.
Leadership
Arne Duncan · Board Member
Money in and out
$707K revenue, $426K expenses
Bottom line
95% program efficiency
Where the money goes · FY2025
Total revenue
$707K
Pt VIII · Ln 12
Total expenses
$426K
Pt IX · Ln 25
Net assets
$864K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $281K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
24.4mo
months of highly liquid reserves at operating expense rate▲ +74% vs prior filing year
Surplus margin
+40%
revenue over expenses, this year▲ +624% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$707K
FY2025▲ +81%
Expenses
$426K
FY2025▲ +2%
Total assets
$871K
FY2025▲ +76%
Total liabilities
$7K
FY2025▲ +274%
Total revenue
$707K
Pt VIII · Ln 12
Total expenses
$426K
Pt IX · Ln 25
Net assets
$864K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$281K
Total assetsPt X · Ln 16$871K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $403K of program spending, described in the organization's own filed words · FY2024.
01

Investment Program

Students at ariel community academy are given the opportunity to invest real money and control a portion of their own class portfolio. Economic concepts are taught at all grade levels and throughout all subject areas at the school and extend beyond the classroom and into the community through parent outreach and seminars.

$229Kprogram expense
02

Ariel Community Academy

Ariel education initiative helps support the overall operations at ariel community academy, a chicago public school, through supplemental staff and general funding. The organizations goal is to infuse a unique financial literacy curriculum into the academy and create an innovative model for other public schools to follow.

$128Kprogram expense
03

Ariel Extended Day Program

This program provides before and after-school programs and support at ariel community academy, offering various academic, cultural, athletic and social activities.

$47Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAriel Education Intiative
EINHdr · item D36-4093845
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.arielinvestments.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B129)
Ruling yearIRS BMFOct 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$680K · 96%
Investment income$27K · 4%
Contributions & grants96%$680K
Investment income4%$27K
Total revenueLn 12$707K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$403K
Management & general5%$22K
Total functional expensesLn 25$426K

Balance Sheet

Part X · end of year
CashLn 1$583K
Total assetsLn 16$871K
Total liabilitiesLn 26$7K
Total net assetsLn 32$864K
Months of cash on handcomputed16.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $865K · Operating expenses/yr $426K
24.4 months
Where the money goes
Program services
Program services $403K · Total expenses $426K
95%
Management & General
Management & general $22K · Total expenses $426K
5%
Fundraising
Fundraising $0 · Total expenses $426K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $553K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $680K · Total revenue $707K
96%
Government reliance
Government grants — · Total revenue $707K
Earned-income share
Program service revenue $0 · Total revenue $707K
0%
Investment reliance
Investment income $27K · Total revenue $707K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $426K
0%
Growth & trend
Revenue growth (YoY)
This year $707K · Prior year $390K
+81%
Revenue CAGR
FY2019 $1.1M · FY2024 $707K
-8%
Net-asset trend (YoY)
End of year $864K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $707K · Expenses $426K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $871K
Net-asset ratio
Net assets $864K · Total assets $871K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $282K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $871K
32%
People & payroll
Highest Reported Total Compensation
Individual Arne Duncan · Reported title Board Member · Highest reported compensation $0 · Total expenses $426K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $244K · Total expenses $426K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 81%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$118K

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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)$707K revenue · viewing · ⤓ 990 PDF
FY2024$390K revenue · ⤓ 990 PDF
FY2023$640K revenue · ⤓ 990 PDF
FY2022$571K revenue · ⤓ 990 PDF
FY2021$666K revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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