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Nonprofiteer
← ILLINOIS EDUCATION ASSOCIATION FOUNDATION INC

Form 990 for tax year 2024

Filed by ILLINOIS EDUCATION ASSOCIATION FOUNDATION INC.

Totals

Total revenue
$64,388
Total expenses
$39,026
Contributions and grants received
$46,439
Grants paid
$36,402
Program service revenue
$0
Investment income
$0
Other revenue
$17,949
Total assets, end of year
$321,488
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$321,488
Program services expenses (Part IX)
$36,402
Management and general expenses
$2,624
Fundraising expenses
$0
Program service expenses (Part III)
$36,402

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $46,439

  • 9a · Gaming: gross income

    $20,160

  • 9b · Gaming: direct expenses

    $2,211

  • 9c · Net income from gaming

    total $17,949 · excluded $17,949

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,402 · program services $36,402

  • 11c · Fees: accounting

    total $1,939 · management and general $1,939

  • 13 · Office expenses

    total $335 · management and general $335

  • 24a · Other expenses: SERVICE FEES (SQUARE)

    total $322 · management and general $322

  • 24b · Other expenses: FILING FEES

    total $28 · management and general $28

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $297,626 · end of year $321,488

  • 18 · Grants payable

    beginning of year $1,500 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $296,126 · end of year $321,488

Mission and programs · 2024

Mission

MAKING GRANTS TO INDIVIDUAL EDUCATORS AND EDUCATIONAL INSTITUTIONS IN ILLINOIS FOR CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO IMPROVING THE DELIVERY OF EDUCATION, FURTHERING EDUCATIONAL OPPORTUNITIES, AND THE DEVELOPMENT OF NEW CURRICULUM OR CREATIVE EDUCATIONAL PROGRAMS.

  • MAKING GRANTS TO INDIVIDUAL EDUCATORS AND EDUCATIONAL INSTITUTIONS IN ILLINOIS FOR CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO IMPROVING THE DELIVERY OF EDUCATION, FURTHERING EDUCATIONAL OPPORTUNITIES, AND THE DEVELOPMENT OF NEW CURRICULUM OR CREATIVE EDUCATIONAL PROGRAMS.

    Expenses $36,402 · Grants $36,402

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALBERT LLORENS

    CHAIRPERSON

    Total calculated
    $325,428
    From this org
    $0
    From related orgs
    $242,140
    Other
    $83,288
    Hours/week
    1 + 61.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,562 related
    Bonus
    $0
    Other
    $0 + $13,578 related
    Deferred
    $0 + $51,293 related
    Nontaxable benefits
    $0 + $31,995 related
    Filer's total
    $0 + $325,428 related

  • MICHAEL SHOUDY

    VICE CHAIRPERSON

    Total calculated
    $302,464
    From this org
    $0
    From related orgs
    $241,161
    Other
    $61,303
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,822 related
    Bonus
    $0
    Other
    $0 + $9,339 related
    Deferred
    $0 + $28,356 related
    Nontaxable benefits
    $0 + $32,947 related
    Filer's total
    $0 + $302,464 related

  • JAMIE SCHUMACHER

    SECRETARY/TREASURER

    Total calculated
    $280,218
    From this org
    $0
    From related orgs
    $213,468
    Other
    $66,750
    Hours/week
    1 + 51.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,339 related
    Bonus
    $0
    Other
    $0 + $13,129 related
    Deferred
    $0 + $34,105 related
    Nontaxable benefits
    $0 + $32,645 related
    Filer's total
    $0 + $280,218 related

  • TASNIM BHIKHAPURWALA-VOHRA

    DIRECTOR (UNTIL 12/24)

    Total calculated
    $0
    Hours/week
    1

  • LAURA GONZALEZ

    DIRECTOR (UNTIL 12/24)

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • KAREN MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • BRITTANY NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALISON ROHRBACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • DEBRA WARD-MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS OF ILLINOIS EDUCATION ASSOCIATION, A RELATED ORGANIZATION, PERIODICALLY REVIEWS COMPARABLE DATA FOR THE EXECUTIVE DIRECTOR'S COMPENSATION. MANAGEMENT SALARIES, INCLUDING THE EXECUTIVE DIRECTOR, ARE APPROVED BY THE BOARD ANNUALLY. COMPARATIVE SALARY DATA IS AVAILABLE TO THE BOARD. THE COMPENSATION IS APPROVED IN EXECUTIVE SESSION. IN ADDITION, THE ILLINOIS EDUCATION ASSOCIATION USED BOARD POLICY AND REQUIRED APPROVAL TO ESTABLISH TOP OFFICIALS' COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.5
Source object
202601269349301735

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