I CAR EDUCATION FOUNDATION

EIN: 363768028 501(c)(3) Community Improvement

HOFFMAN ESTATES, IL

Total Revenue
$14,675,878
Total Expenses
$13,915,904
Total Assets
$6,724,233
Net Assets
$6,227,588
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
IL
Principal Officer
BRANDON ECKENRODE
Phone
8475901198
Tax Period
2024-01-01 to 2024-12-31

I CAR EDUCATION FOUNDATION, founded in 1990, is a mid-sized nonprofit in the Community Improvement sector that reported $14.7M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $13.9M left a modest 5% surplus.

Mission

THE I-CAR EDUCATION FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING COLLISION REPAIR EDUCATIONAL PROGRAMS, SCHOOLS, AND STUDENTS TO CREATE QUALIFIED, ENTRY-LEVEL EMPLOYEES AND CONNECT THEM WITH AN ARRAY OF CAREER OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $12,829,313

THE COLLISION REPAIR EDUCATION SCHOLARSHIP PROGRAM EMPOWERS STUDENTS ENROLLED IN CAREER TECHNICAL EDUCATION (CTE) PROGRAMS FOCUSED ON COLLISION REPAIR BY OFFERING SCHOLARSHIPS THAT CAN TRANSFORM...

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THE COLLISION REPAIR EDUCATION SCHOLARSHIP PROGRAM EMPOWERS STUDENTS ENROLLED IN CAREER TECHNICAL EDUCATION (CTE) PROGRAMS FOCUSED ON COLLISION REPAIR BY OFFERING SCHOLARSHIPS THAT CAN TRANSFORM THEIR FUTURES. AWARDED ACCORDING TO THE SCHOLARSHIP DISTRIBUTION POLICY, THESE SCHOLARSHIPS HELP COVER ESSENTIAL EXPENSES LIKE TUITION, TOOLS, AND BOOKS, PAVING THE WAY FOR SUCCESS IN THIS VITAL INDUSTRY.SCHOOL BENCHMARK AWARD PROGRAM: THE COLLISION REPAIR EDUCATION FOUNDATION ADMINISTERS THE SCHOOL BENCHMARK AWARD PROGRAM TO ASSIST COLLISION REPAIR SCHOOLS. THESE AWARDS PROVIDE DIRECT FUNDING TO CTE COLLISION PROGRAMS, ENABLING THEM TO PURCHASE EQUIPMENT NEEDED TO STAY CURRENT WITH INDUSTRY STANDARDS. THE FOUNDATION ALSO ALLOCATES MARKETING FUNDS TO HELP PUBLICLY FUNDED SCHOOLS INCREASE ENROLLMENT AND DEVELOP EMPLOYMENT PROGRAMS THAT CONNECT STUDENTS WITH CAREER OPPORTUNITIES.IN-KIND DONATION PROGRAM- THE COLLISION REPAIR EDUCATION FOUNDATION PROVIDES IN-KIND DONATIONS FROM INDUSTRY PARTNERS TO HELP SCHOOLS OPTIMIZE THEIR BUDGETS. THESE DONATIONS INCLUDE, BUT ARE NOT LIMITED TO, VEHICLES, SOFTWARE LICENSES, AND SMALL TO MID-SIZED TOOLS AND EQUIPMENT FOR BOTH BODY REPAIR AND REFINISHING. BY SUPPLYING THESE ESSENTIAL RESOURCES, THE FOUNDATION ENSURES THAT SCHOOLS HAVE THE NECESSARY TOOLS, EQUIPMENT, AND MATERIALS FOR EFFECTIVE TRAINING IN THE COLLISION REPAIR TRADE. ADDITIONALLY, THE FOUNDATION HAS LAUNCHED A NEW ONLINE DONATION PLATFORM TO CONNECT DONORS WITH COLLISION REPAIR PROGRAMS FOR IN-KIND CONTRIBUTIONS.

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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 $14,415,323
Program Service Revenue $0
Investment Income $209,890
Other Revenue $50,665
TOTAL REVENUE $14,675,878

Expense Breakdown

Grants Paid $12,427,464
Salaries & Benefits $840,055
Fundraising Expenses $445,804
Program Expenses $12,829,313
Other Expenses $648,385
TOTAL EXPENSES $13,915,904

Year-over-Year Comparison

2024 2023 Change
Revenue $14,675,878 $20,210,264 -0.3%
Expenses $13,915,904 $21,218,022 -0.3%
Net Income $759,974 $-1,007,758 -1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
8
Volunteers
50

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
8
$174,447
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREAS HECHT TRUSTEE 0.77
Director
$0 $0 $0
STACY BARTNIK TRUSTEE AT LARGE 0.92
Officer Director
$0 $0 $0
PAUL FOLINO TRUSTEE 0.85
Director
$0 $0 $0
MARK ALLEN TRUSTEE 0.52
Director
$0 $0 $0
MARK VERBOIS TREASURER 0.79
Officer Director
$0 $0 $0
MIKE CROKER TRUSTEE 0.35
Director
$0 $0 $0
BRENDA HOGEN CHAIR 1.23
Officer Director
$0 $0 $0
TY GAMMILL TRUSTEE 0.52
Director
$0 $0 $0
MARK HELVENSTON VICE CHAIR 0.85
Officer Director
$0 $0 $0
DOUG IRISH TRUSTEE 0.67
Director
$0 $0 $0
KAYLAW CLARK TRUSTEE 0.21
Director
$0 $0 $0
KEITH BELL TRUSTEE 0.75
Director
$0 $0 $0
SANDEE LINDORFER SECRETARY 0.85
Officer Director
$0 $0 $0
KRISTIE BOLLANS TRUSTEE 0.49
Director
$0 $0 $0
JOHN ECK TRUSTEE 0.70
Director
$0 $0 $0
JOSH KRENTZ TRUSTEE 0.62
Director
$0 $0 $0
STEVE SCHMIDT IMMEDIATE PAST CHAIR 0.85
Officer Director
$0 $0 $0
CHRIS DAWES TRUSTEE 0.75
Director
$0 $0 $0
HEATHER MCMAHON TRUSTEE 0.31
Director
$0 $0 $0
RYAN WEST TRUSTEE 0.75
Director
$0 $0 $0
FRANK PICKERING TRUSTEE 0.00
Officer Director
$0 $0 $0
BRANDON ECKENRODE EXECUTIVE DIRECTOR 50.00
Officer
$154,377 $20,070 $174,447
AMBER RITTER DIRECTOR OF MKTG AND PROJE 40.00
Highest
$101,719 $40,422 $142,141
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 $14,675,878 $13,915,904 $6,724,233 $759,974
2023 $20,210,264 $21,218,022 $6,098,366 $-1,007,758
2022 $11,863,252 $10,167,396 $6,430,479 $1,695,856
2021 $10,474,233 $9,533,036 $4,904,924 $941,197
2020 $13,811,244 $13,527,319 $3,655,215 $283,925
2019 $14,503,210 $14,569,548 $3,328,567 $-66,338
2018 $13,989,899 $13,654,504 $3,237,815 $335,395
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