AWARDS AND RECOGNITION INDUSTRY EDUCATION FOUNDATION

EIN: 030470216 501(c)(3) Education

Schaumburg, IL

Total Revenue
$48,288
Total Expenses
$45,986
Total Assets
$210,346
Net Assets
$187,631
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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
2024-08-01 to 2025-07-31

AWARDS AND RECOGNITION INDUSTRY EDUCATION FOUNDATION, founded in 2002, is a micro nonprofit in the Education sector that reported $48K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $46K left a modest 5% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $26,092

SUPPORT OF EDUCATION IN THE AWARDS AND RECOGNITION INDUSTRY

Program 2
Expenses: $8,121

AWARD SCHOLARSHIPS TO INDIVIDUALS ASSOCIATED WITH THETROPHY AND AWARD 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 (2024)

Revenue Breakdown

Contributions & Grants $43,529
Program Service Revenue $0
Investment Income $4,759
Other Revenue $0
TOTAL REVENUE $48,288

Expense Breakdown

Grants Paid $23,121
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,213
Other Expenses $22,865
TOTAL EXPENSES $45,986

Year-over-Year Comparison

2024 2023 Change
Revenue $48,288 $56,119 -0.1%
Expenses $45,986 $118,750 -0.6%
Net Income $2,302 $-62,631 -1.0%
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
2025 $48,288 $45,986 $210,346 $2,302
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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