AWARDS AND RECOGNITION INDUSTRY EDUCATION FOUNDATION

EIN: 030470216 501(c)(3) Education

Schaumburg, IL

Total Revenue
$56,119
Total Expenses
$118,750
Total Assets
$175,894
Net Assets
$175,894
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Phone
8473754800
Tax Period
2023-08-01 to 2024-07-31

AWARDS AND RECOGNITION INDUSTRY EDUCATION FOUNDATION, founded in 2002, is a micro nonprofit in the Education sector that reported $56K in total revenue in fiscal year 2023. Revenue surged 173% from the prior year, signaling strong growth momentum. Expenses of $119K exceeded revenue, resulting in a 112% operating deficit.

Mission

FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE - TO AWARD COLLEGE TUITIONSCHOLARSHIPS TO PEOPLE ASSOCIATED WITH THE TROPHY AND AWARD INDUSTRY;TO PROVIDE AND SUPPORT EDUCATIONAL PROGRAMS DESIGNED TO IMPROVE ORDEVELOP, THE CAPABILITIES OF INDIVIDUALS ENGAGED IN THE OPERATIONS OFAWARDS AND RECOGNITION; TO ENGAGE IN AND SUPPORT RESEARCH IN THE AWARDSAND RECOGNITION PRODUCTS INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $44,099
Program Service Revenue $0
Investment Income $12,020
Other Revenue $0
TOTAL REVENUE $56,119

Expense Breakdown

Grants Paid $83,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $106,766
Other Expenses $35,250
TOTAL EXPENSES $118,750

Year-over-Year Comparison

2023 2022 Change
Revenue $56,119 $20,529 +1.7%
Expenses $118,750 $81,961 +0.4%
Net Income $-62,631 $-61,432 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dan Bencsik President 2.50
Officer Director
$0 $0 $0
Justin Varn Treasurer 2.50
Officer Director
$0 $0 $0
Wilson Brim Trustee 1.50
Director
$0 $0 $0
Dan Messerschmidt Trustee 1.50
Director
$0 $0 $0
Niels Norby Trustee 1.50
Director
$0 $0 $0
Megan Raymond Trustee 1.50
Director
$0 $0 $0
Louise Ristau Executive Dir. 2.50
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $56,119 $118,750 $175,894 $-62,631
2023 $20,529 $81,961 $286,721 $-61,432
2022 $61,283 $79,514 $335,839 $-18,231
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