Lane Tech Alumni Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363450898 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Lane Tech Alumni Association Inc?

Lane Tech Alumni Association Inc is a nonprofit organization located in Chicago, Illinois, with a focus on strengthening the connection between its alumni, the community, and the urban public high school it originates from. They primarily strive to promote educational enhancement, college readiness, and expand access to higher education for Lane Tech students through their scholarship program. Since its inception in 1985, the program has awarded over $2.5 million in scholarships to deserving students, with 40% of recipients coming from low or moderately low-income families and various backgrounds. The scholarships aim to support high-potential students throughout their freshman year and beyond, funded by donations from Lane Tech graduates and their families. The organization also champions the alumni's lifelong relationship with their alma mater, providing exceptional member services and philanthropic programs that celebrate the school's history and culture. The Lane Tech Alumni Association Inc currently employs a team of three individuals.


Official website here: www.lanetechalumni.org

Is Lane Tech Alumni Association Inc legitimate?

Lane Tech Alumni Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lane Tech Alumni Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,269

For more financial information, click here


Official website here: www.lanetechalumni.org

What is the mission statement of Lane Tech Alumni Association Inc?

The Lane Tech Alumni Association Inc's mission is centered around fostering a lasting relationship between its alumni and their alma mater. This association aims to serve as a model for vibrant, intergenerational alumni organizations linked to urban, public high schools. It provides top-notch member services and impactful philanthropic programs that encourage meaningful connections, honor the school's history and culture, and support lifelong learning. The primary goal is to create opportunities that celebrate the alumni's shared experiences and contribute to their personal growth.


Official website here: www.lanetechalumni.org

Who is the CEO of Lane Tech Alumni Association Inc?

Michelle Weiner is the Board Member of Lane Tech Alumni Association Inc.


Official website here: www.lanetechalumni.org

What is the revenue of Lane Tech Alumni Association Inc?

Lane Tech Alumni Association Inc's revenue in 2022 was $402,413.


Official website here: www.lanetechalumni.org

Who are the executives of Lane Tech Alumni Association Inc and what are their salaries?

The average compensation at Lane Tech Alumni Association Inc during 2022 was $18,423. There are 3 employees and 85 volunteers at Lane Tech Alumni Association Inc.


Here are 21 key members and their salaries:


Jim Ascot (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deidre Baumann (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herbert Berg (Executive Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stuart Eng (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Glure (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Gonley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Guerin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cory Gunderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Jackson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Jimenez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Kidd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Lawniczak (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Avrom Litin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Masunaga (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tod Mcelhaney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maurel Samonte (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Sheldon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marion Synowiec (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Weiner (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Reardon Henry (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie Mcjilton (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lanetechalumni.org

Where can I find the form 990 for Lane Tech Alumni Association Inc?

Lane Tech Alumni Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lanetechalumni.org

Learn more at the official website: www.lanetechalumni.org

Mission Statement of Lane Tech Alumni Association Inc

The Lane Tech Alumni Association Inc is committed to fostering a lasting connection between its alumni and their alma mater, Lane Tech, as well as the broader community associated with the urban public high school. The association aims to set an exemplary standard for an intergenerational alumni organization, providing top-notch member services and impactful philanthropic programs that foster meaningful relationships, celebrate the school's history and culture, and encourage lifelong learning. Through their efforts, the Lane Tech Alumni Association seeks to create a supportive network for its members and contribute positively to the alma mater and its community.

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Impact




October, 2024

Lane Tech Alumni Association Inc fosters a powerful connection between graduates and their community while enhancing educational opportunities for current students. Through its robust LTAA Scholarship Program, the association has administered over $2.5 million since 1985, directly impacting the lives of countless students by increasing access to higher education. In 2022 alone, 24 seniors were awarded scholarships ranging from $2,000 to $10,000, helping to alleviate the financial burden faced by many young individuals from low-income, immigrant, and single-parent households.

This initiative not only supports high-potential students in their pursuit of higher education but also nurtures a culture of giving among alumni—many of whom contribute to the program in honor of their own experiences or loved ones associated with Lane Tech. The program embodies the spirit of community and commitment, addressing the unique challenges faced by today’s students, especially in the wake of COVID-19.

Beyond scholarships, the Lane Tech Alumni Association creates a network of lifelong relationships among alumni, celebrating the rich history and culture of Lane Tech. This intergenerational engagement sets a standard for alumni organizations, emphasizing the importance of continuous learning and support, while making a significant impact on the educational landscape in Chicago.




This information is meant to be a general summary of Lane Tech Alumni Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$402,413 (2022)
Expenses
$318,677 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$57,155
  • Gross Receipts: $1,070,121

Assets and Liabilities:

  • Total Assets: $900,336
  • Total Liabilities: $106,866
  • Net Assets: $793,470

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Organization Details

Founding Year

1986

Principal Officer

Michelle Weiner

Main Address

3525 W Peterson Unit 105, Chicago, IL, 60659

NTEE Category

Code: B84 - Education

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