Overview
What is Illinois Education Association Foundation Inc?
Illinois Education Association Foundation Inc, situated in Springfield, Illinois, serves as a nonprofit organization dedicated to supporting educators and educational institutions within the state. Their primary objective is to grant funds for charitable and educational activities that aim to enhance the delivery of education, expand educational opportunities, and foster the development of innovative curriculum or creative educational programs. By providing these resources, the foundation plays a vital role in enriching educational experiences and fostering educational growth in Illinois.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and financial health for the Illinois Education Association Foundation Inc. While the organization scores well in several areas, a two-star rating indicates that there are opportunities for improvement in transparency and operational effectiveness.
One of the foundation's strengths is its high program expense ratio of 96.61%, which indicates that a significant majority of its expenses are directed towards its educational initiatives. Additionally, the foundation has demonstrated responsible governance with 57% of its board members being independent, ensuring diverse oversight. The organization has also shown no material diversion of assets and maintains proper documentation of board meeting minutes.
However, the foundation's overall rating suggests potential concerns regarding its accountability. The salaries of key personnel, such as the President earning $226,714 and the Secretary/Treasurer earning $199,816, may raise questions about compensation practices in relation to the organization's mission. While the foundation performs well in its financial ratios and governance, increasing transparency and addressing salary concerns could enhance its overall standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Education Association Foundation Inc legitimate?
Illinois Education Association Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Education Association Foundation 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
For more financial information, click here
What is the mission statement of Illinois Education Association Foundation Inc?
The Illinois Education Association Foundation Inc's mission revolves around providing grants for charitable and educational activities. This organization aims to enhance the delivery of education, expand educational opportunities, and foster the development of innovative curriculum or creative educational programs. By offering these grants, they aim to improve the educational landscape, ultimately benefiting both individual educators and educational institutions.
Who is the CEO of Illinois Education Association Foundation Inc?
Kathi Griffin is the Chairperson of Illinois Education Association Foundation Inc.
What is the revenue of Illinois Education Association Foundation Inc?
Illinois Education Association Foundation Inc's revenue in 2022 was $39,415.
Who are the executives of Illinois Education Association Foundation Inc and what are their salaries?
There 7 volunteers at Illinois Education Association Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $218,489
- Other: $79,301
- Compensation: $0
- Related: $230,060
- Other: $62,466
- Compensation: $0
- Related: $191,857
- Other: $60,581
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Illinois Education Association Foundation Inc?
Illinois Education Association Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Illinois Education Association Foundation Inc
The Illinois Education Association Foundation Inc is dedicated to granting funds to individual educators and educational institutions in Illinois for charitable and educational activities. Their primary focus is on improving the delivery of education, furthering educational opportunities, and developing new curriculum or creative educational programs. By providing financial assistance, this nonprofit organization aims to enhance the educational landscape in Illinois, fostering innovation and growth in the educational sector.
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Impact
October, 2024
The Illinois Education Association Foundation Inc plays a crucial role in enhancing educational outcomes across the state by providing grants to individual educators and educational institutions. These grants are aimed at supporting a wide range of charitable and educational activities that focus on improving the delivery of education. By funding innovative curriculum developments and creative educational programs, the foundation fosters an environment that promotes learning and growth among both teachers and students.
Its impact is evident in the furtherance of educational opportunities, allowing educators to implement unique and effective teaching strategies that engage students and cater to diverse learning needs. By investing in the professional development of teachers and the resources available to students, the foundation contributes significantly to raising the standards of education in Illinois and ensuring a brighter future for its youth.
This information is meant to be a general summary of Illinois Education Association Foundation 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 2022.
- Gross Receipts: $42,312
Assets and Liabilities:
- Total Assets: $273,130
- Total Liabilities: $0
- Net Assets: $273,130
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Organization Details
Founding Year
2015
Phone
(217) 544-0706Principal Officer
Kathi Griffin
Main Address
100 E EDWARDS ST, SPRINGFIELD, IL, 62704
NTEE Category
Code: B90 - Education
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