LANE TECH ALUMNI ASSOCIATION INC

As filed

Subsection

03

Classification

1000

Street

3525 W PETERSON AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• FOR THIRTY-NINE YEARS, THE LTAA SCHOLARSHIP PROGRAM HAS REMAINED THE HALLMARK PHILANTHROPIC INITIATIVE FOR THE LTAA WITH A CUMULATIVE TOTAL OF MORE THAN 3.4 MILLION DOLLARS ADMINISTERED OVER THE LIFESPAN OF THE PROGRAM. IN FY25, THIRTY-NINE GRADUATING SENIORS RECEIVED SCHOLARSHIPS RANGING FROM $1,000 TO $10,000, SETTING THEM ON A PATH FOR SUCCESS FOR AT LEAST THEIR FRESHMAN YEAR, AND IN SOME CASES, FOR FOUR YEARS. 36% OF THE STUDENTS AT LANE TECH ARE FROM LOW OR MODERATELY LOW-INCOME FAMILIES. MANY ARE FROM IMMIGRANT FAMILIES, SINGLE PARENT HOMES, FIRST GENERATION COLLEGE-BOUND, AND ALL HAVE SOME LEVEL OF FINANCIAL NEED, STILL COMPOUNDED BY COVID-RELATED ECONOMIC STRESSORS. LTAA SCHOLARSHIPS PROVIDE "LAST MILE" FINANCING SO THAT THE HIGH-POTENTIAL STUDENTS OF LANE CAN ATTEND THEIR BEST-FIT INSTITUTIONS. THE LTAA SOLICITS SCHOLARSHIP DONORS, DESIGNS AND ADMINISTERS THE PROGRAMS, DISTRIBUTES FUNDS, AND DOCUMENTS THE RESULTS.

  Expenses $196,585 · Grants $196,585 · Revenue $7,154

• THE LTAA FACULTY INNOVATION GRANT PROGRAM WAS ESTABLISHED IN 2010 TO OFFSET SYSTEM-WIDE BUDGET DEFICIENCIES AND PROMOTE A BEST-IN-CLASS CURRICULUM. THESE GRANTS HELP ELEVATE THE RIGOR AND CALIBER OF LEARNING AT LANE AND HAVE SUPPORTED A VARIETY OF ACTIVITIES FROM SPECIAL EQUIPMENT TO IMMERSIVE EXPERIENCES. THESE GRANTS TOUCH VIRTUALLY EVERY ONE OF THE MORE THAN 4,500 STUDENTS AT LANE AND ENABLE THE FACULTY AND STAFF TO OFFER MORE PROGRAMS AND EXTRACURRICULAR ACTIVITIES THAN ANY OTHER CPS HIGH SCHOOL. THE GRANT PROGRAM IS A CRITICAL COMPONENT OF A HOLISTIC APPROACH IN SUPPORT OF THE STUDENTS OF LANE TECH THROUGH EDUCATIONAL ENHANCEMENTS, COLLEGE-READINESS, AND ACCESS TO HIGHER EDUCATION.

  Expenses $51,330 · Grants $51,330

• CONNECTING PEOPLE AND COMMUNITY-BUILDING IS A PRIMARY FOCUS OF THE LTAA. CONSTITUENT GROUPS INCLUDE OVER 9,000 ALUMNI, 4,500 STUDENTS AND 350 FACULTY AND STAFF, AS WELL AS AFFINITY GROUPS, NEIGHBORS AND FRIENDS. THE LTAA PUBLISHES A BIANNUAL MAGAZINE THAT REACHES MORE THAN 4,000 READERS, AND A DIGITAL NEWSLETTER TWO TIMES PER MONTH. THE LTAA ENGAGES VARIOUS SOCIAL MEDIA PLATFORMS WITH A COMBINED 20,000 FOLLOWERS, AND TRACKS HUNDREDS OF THOUSANDS OF IMPRESSIONS, THE LTAA CONTINUES TO RELY ON TECHNOLOGY TO BRING CONSTITUENTS TOGETHER VIA VIRTUAL EVENTS, AND MANAGES A PORTFOLIO OF IN-PERSON EVENTS IN CHICAGO AND BEYOND.

  Expenses $85,356

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $452,743

  Expenses

  $421,012

  Contributions

  $408,061

  Grants paid

  $247,915

• 2023

  Revenue

  $368,031

  Expenses

  $375,618

  Contributions

  $298,069

  Grants paid

  $198,780

• 2022

  Revenue

  $374,877

  Expenses

  $325,019

  Contributions

  $303,712

  Grants paid

  $160,214

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $402,413

  Expenses

  $318,677

  Assets (EOY)

  $900,336

• 2020 · 990

  Revenue

  $228,668

  Expenses

  $218,873

  Assets (EOY)

  $805,795

• 2019 · 990

  Revenue

  $233,962

  Expenses

  $242,655

  Assets (EOY)

  $831,252

• 2018 · 990

  Revenue

  $252,254

  Expenses

  $256,023

  Assets (EOY)

  $776,662

• 2017 · 990

  Revenue

  $244,879

  Expenses

  $303,750

  Assets (EOY)

  $780,128

• 2016 · 990

  Revenue

  $169,751

  Expenses

  $202,876

  Assets (EOY)

  $833,404

• 2015 · 990

  Revenue

  $150,299

  Expenses

  $185,410

  Assets (EOY)

  $838,522

• 2014 · 990

  Revenue

  $158,869

  Expenses

  $166,771

  Assets (EOY)

  $896,208

• 2013 · 990

  Revenue

  $165,001

  Expenses

  $273,688

  Assets (EOY)

  $961,482

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $301,758

  Assets (EOY)

  $1,065,266

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• LANE TECH COLLEGE PREP HIGH SCHOOL

  $51,330

  2024 · TEACHER INNOVATION GRANTS

• LANE TECH COLLEGE PREP HIGH SCHOOL

  $43,280

  2023 · TEACHER INNOVATION GRANTS

• Lane Tech College Prep High School

  $25,214

  2022 · Teacher Innovation Grants

Where these grants went next →

Grants received

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $21,921

  2024 · For grant recipient's exempt purposes

• DONOR ADVISED CHARITABLE GIVING

  $18,300

  2024 · EDUCATION

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $17,911

  2023 · For grant recipient's exempt purposes

• DONOR ADVISED CHARITABLE GIVING

  $10,800

  2023 · EDUCATION

• CALIFORNIA COMMUNITY FOUNDATION

  $10,135

  2024 · EDUCATION

• DONOR ADVISED CHARITABLE GIVING

  $10,000

  2022 · EDUCATION

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $7,000

  2022 · For grant recipient's exempt purposes

Other IRS files