Overview
What is The Foundation For The Educational Development Of Children?
The Foundation for the Educational Development of Children is a nonprofit organization based in Chicago, Illinois, with an address at 6254 S Ellis Avenue. Its key role involves setting investment policies and managing the investments of an endowment. The growth in these investments, aided by sound investment management, enables more funding for strategic initiatives. This nonprofit organization supports the Orthogenic School and Hyde Park Day School through its investments and real estate holdings. Additionally, it owns FEDC Holdings LLC, a disregarded entity, which holds real estate assets on behalf of the organization, contributing to its mission of supporting the operations of these schools.
Is The Foundation For The Educational Development Of Children legitimate?
The Foundation For The Educational Development Of Children is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For The Educational Development Of Children 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
For more financial information, click here
What is the mission statement of The Foundation For The Educational Development Of Children?
The Foundation for the Educational Development of Children supports the operations of the Sonia Shankman Orthogenic School and the Hyde Park Day Schools through its investments and real estate. It also manages the investments it owns for this purpose and is the owner of FEDC Holdings LLC, a disregarded entity, which holds real estate assets of the organization. The foundation sets the investment policy and manages the investments of its endowment, allowing for the growth of these investments and sound investment management, which in turn provides more funding for strategic initiatives. In summary, the foundation's primary role is to support the education of children by investing in and managing the resources of the Orthogenic School and Hyde Park Day Schools.
Who is the CEO of The Foundation For The Educational Development Of Children?
Abby Simon is the Chair - Until 08/2021 of The Foundation For The Educational Development Of Children.
What is the revenue of The Foundation For The Educational Development Of Children?
The Foundation For The Educational Development Of Children's revenue in 2022 was -$1,249,994.
Who are the executives of The Foundation For The Educational Development Of Children and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $190,588
- Other: $39,115
Where can I find the form 990 for The Foundation For The Educational Development Of Children?
The Foundation For The Educational Development Of Children's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Foundation For The Educational Development Of Children
The Foundation for the Educational Development of Children, as a nonprofit organization, primarily supports the operations of the Sonia Shankman Orthogenic School and the Hyde Park Day Schools. In doing so, it invests in these educational institutions and manages its real estate assets through its subsidiary, FedC Holdings LLC, which is a disregarded entity. The Foundation's mission extends beyond financial support, as it also formulates the investment policy and manages the investments of its endowment. The successful growth of these investments and sound investment management ultimately provide more funds for strategic initiatives, enabling the Foundation to contribute more significantly to the educational development of children at these schools.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Foundation For The Educational Development Of Children significantly impacts the educational landscape in Chicago by providing essential financial support to the Sonia Shankman Orthogenic School and Hyde Park Day School. Through astute investment management and real estate holdings, the foundation ensures these institutions have the resources necessary for effective operations and strategic initiatives. The growth of its endowment helps to enhance program funding, which ultimately benefits students by improving educational opportunities and fostering development in a supportive environment. By focusing on sound investment policies, the foundation contributes to the long-term sustainability and success of these schools, positively influencing the lives of children with diverse needs.
This information is meant to be a general summary of The Foundation For The Educational Development Of Children. 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 2022.
- Investment Income: -$1,270,394
- Gross Receipts: $448,368
Assets and Liabilities:
- Total Assets: $41,347,005
- Total Liabilities: $0
- Net Assets: $41,347,005
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1944
Phone
(773) 420-2883Principal Officer
Abby Simon
Main Address
6254 S ELLIS AVENUE, CHICAGO, IL, 60637
NTEE Category
Code: T30 - Philanthropy
If you are a representative of The Foundation For The Educational Development Of Children and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.