District 300 Foundation For Educational Excellence in Algonquin, Illinois (IL)
Table of contents:
| District 300 Foundation For Educational Excellence | |
| Employer Identification Number (EIN) | 134241799 |
| Name of Organization | District 300 Foundation For Educational Excellence |
| In Care of Name | Kristin W Weck |
| Address | 2605 Bunker Hill Dr, Algonquin, IL 60102-9780 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $127,689 |
| Amount of Income | $111,591 |
| Form 990 Revenue Amount | $91,285 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $111,591 (it was $83,363 in 2013)
| District 300 Foundation For Educational Excellence: | $111,591 |
| Other organizations performing similar types of work: | $74,829 |
Assets in 2014: $127,689 (it was $99,608 in 2013)
| This organization: | $127,689 |
| Other organizations performing similar types of work: | $36,669 |
Expenses in 2014: $67,570
| This organization: | $67,570 |
| Other organizations performing similar types of work: | $48,324 |
Income to expenses ratio in 2014: 1.7
| District 300 Foundation For Educational Excellence: | 1.7 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2014: 65.7%
| District 300 Foundation For Educational Excellence: | 65.7% |
| Other organizations performing similar types of work: | 3.5% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $61,871 | $77,436 | $91,285 |
| Contributions, gifts, grants, and similar amounts received | $52,273 | $69,034 | $60,012 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $160 | $105 | $128 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,178 | $7,602 | $28,031 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $33,032 | $13,529 | $48,337 |
| Less: direct expenses from gaming and fundraising events | $23,854 | $5,927 | $20,306 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $260 | $695 | $3,114 |
| Total expenses | $69,136 | $64,665 | $67,570 |
| Total net assets | $81,989 | $94,760 | $118,475 |
| Excess/Deficit for the year | $-7,265 | $12,771 | $23,715 |
| Net assets or fund balances at beginning of year | $89,254 | $81,989 | $94,760 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $94,760 | $118,475 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $108,739 | $99,608 | $127,689 |
| Total liabilities | $26,750 | $4,848 | $9,214 |
| Net assets or fund balances | $81,989 | $94,760 | $118,475 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $204,039 |
| Subtotal Support | $286,182 |
| Gifts, grants, contributions, and membership fees received | $286,182 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $82,143 |
| Total Support | $292,530 |
| Public Support | $286,182 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $836 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $5,512 |
| Gross receipts from related activities, etc. | $62,666 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Scago Educational Facilities Corporation For Spartanburg School | 100 N Danzler Rd, Duncan, SC 29334-9380 | SC | 2008-08 | $10,595,942 |
| 2 | The Visual Arts Center Of Richmond | 1812 W Main St, Richmond, VA 23220-4520 | VA | 1966-08 | $1,752,921 |
| 3 | San Marcos Baptist Academy Foundation | 2801 Ranch Road 12, San Marcos, TX 78666-2433 | TX | 1964-12 | $29,104 |
| 4 | Kipp Chicago | 1945 S Halsted St Ste 101, Chicago, IL 60608-3435 | IL | 2011-07 | $3,245,142 |
| 5 | Raymond B And Genevieve Culwell Foundation, R & G Culwell Tua Foundation | 135 S Lasalle St, Chicago, IL 60603-4177 | IL | 2004-08 | $652,078 |
| 6 | Russell Farley Tr Fbo Centenary Col | 10 S Dearborn 21 Fl, Chicago, IL 60603-2300 | IL | 2008-03 | $355,390 |
| 7 | South Elgin High School Booster Foundation | 760 E Main St, South Elgin, IL 60177-1702 | IL | 2005-12 | $347,152 |
| 8 | Noble Network Education Foundation | 1 North State Street Floor 7-L, Chicago, IL 60602-3302 | IL | 2012-03 | $261,219 |
| 9 | Solomon Schechter Day Schools Endowment Foundation | 30 South Wells No 4049, Chicago, IL 60606-5054 | IL | 2002-03 | $250,370 |
| 10 | Glenbard East Booster Club | C/O Athletic Dept 1014 S Main Stree, Lombard, IL 60148 | IL | 2011-05 | $245,936 |
| 11 | Sullivan Singers Booster Club Inc | PO BOX 122, Sullivan, IL 61951-0122 | IL | 2000-11 | $186,098 |
| 12 | Warren Township Cheer & Pom Nfp | PO BOX 7556, Gurnee, IL 60031-7000 | IL | 2003-08 | $177,847 |
| 13 | Maine South Hawkette Boosters Nfp | 608 S Lincoln Ave, Park Ridge, IL 60068-4507 | IL | 2011-06 | $175,342 |
| 14 | Wolf Branch District 113 Ptc | 125 Huntwood Rd, Swansea, IL 62226-1923 | IL | 2012-03 | $159,716 |
| 15 | Eagles Hockey Club | PO BOX 663, Orland Park, IL 60462-0663 | IL | 2003-07 | $153,664 |
| 16 | West Aurora Blackhawk Sportsboosters, Blackhawk Sports Boosters | 2122 W Galena Blvd, Aurora, IL 60506 | IL | 2006-06 | $151,172 |
| 17 | G B Athletic Boosters Club | 990 Kuhn Rd, Carol Stream, IL 60188-9294 | IL | 2010-11 | $150,783 |
| 18 | Disney Ii Educational Foundation Inc | 3815 N Kedvale Ave, Chicago, IL 60641-3113 | IL | 2010-12 | $132,326 |
| 19 | The Winnetka Public Schools Foundation | PO BOX 97, Winnetka, IL 60093-0097 | IL | 1996-09 | $130,254 |
| 20 | Lasalle Ii Pto | 1148 N Honore St, Chicago, IL 60622-3705 | IL | 2009-03 | $119,184 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 7,349 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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