Overview
What is Educational Advancement Fund Inc?
Educational Advancement Fund Inc is a not-for-profit organization, headquartered in Chicago, Illinois. Its primary objective is to construct, operate, and maintain a residential complex for three local tax-exempt institutions of higher learning. This complex, known as University Center of Chicago, provides housing for their students. The organization completed the construction of this project in 2004 and later sold the property in 2017 to a new owner, while continuing to serve its original purpose.
Is Educational Advancement Fund Inc legitimate?
Educational Advancement Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Advancement Fund 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: $0
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What is the mission statement of Educational Advancement Fund Inc?
The Educational Advancement Fund Inc is established with a primary mission to maintain and manage a residential housing complex benefiting three tax-exempt institutions of higher learning, thereby providing accommodation for their students. This not-for-profit organization's activities involve acquiring land, constructing, operating, and maintaining the residential complex. The corporation started constructing the complex in 2002, which was completed in 2004, and began operations the following year. In 2017, the Fund closed a business transaction that sold the property to a new owner. Though its main focus is on providing housing for students, the organization does not directly involve itself in the academic or educational aspects of these institutions.
Who is the CEO of Educational Advancement Fund Inc?
Sherri Sidler is the Board Chair of Educational Advancement Fund Inc.
What is the revenue of Educational Advancement Fund Inc?
Educational Advancement Fund Inc's revenue in 2021 was $30,511.
Who are the executives of Educational Advancement Fund Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $937,621
- Other: $130,121
- Compensation: $0
- Related: $799,207
- Other: $45,714
- Compensation: $0
- Related: $762,479
- Other: $24,088
- Compensation: $0
- Related: $435,123
- Other: $37,057
- Compensation: $0
- Related: $294,466
- Other: $47,146
- Compensation: $0
- Related: $217,605
- Other: $15,939
- Compensation: $0
- Related: $194,930
- Other: $37,459
- Compensation: $0
- Related: $192,237
- Other: $17,234
Where can I find the form 990 for Educational Advancement Fund Inc?
Educational Advancement Fund Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Educational Advancement Fund Inc
Educational Advancement Fund Inc, as a not-for-profit organization, was established with a primary mission to serve three tax-exempt institutions of higher learning in the Chicago area. Its purpose is twofold: to acquire land, construct, operate, and maintain a residential complex that caters specifically to these educational institutions and their students. This organization's goal is to provide a conducive living environment for the students, thereby contributing to their overall academic experience. The project, which was completed in 2004 and later sold in 2017, was instrumental in providing housing solutions for the students, thereby enhancing their learning experience.
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Impact
October, 2024
Educational Advancement Fund Inc has significantly contributed to the educational landscape by facilitating accessible housing for students attending three Chicago-area institutions of higher learning. By establishing a residential complex, it has created a supportive living environment that enhances the academic experience and promotes student well-being.
The complex, located at State Street and Congress Parkway in Chicago, served as a vital resource for students, providing them with affordable and convenient housing options. This initiative alleviated some of the financial burdens associated with higher education, allowing students to focus more on their studies and personal development.
Moreover, the organization's efforts in constructing and maintaining this residential facility have strengthened the connections between educational institutions and their communities. By enhancing student life, Educational Advancement Fund Inc has played a crucial role in promoting educational attainment and success among students in the Chicago area. Its legacy continues to impact the community by establishing a framework for future initiatives aimed at supporting students and advancing educational opportunities.
This information is meant to be a general summary of Educational Advancement Fund 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Gross Receipts: $30,511
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2001
Phone
(312) 362-6659Principal Officer
Sherri Sidler
Main Address
55 East Jackson Boulevard 22nd Fl, Chicago, IL, 60604
NTEE Category
Code: B19 - Education
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