THE FOUNDATION FOR THE EDUCATIONAL DEVELOPMENT OF CHILDREN

EIN: 366083633 501(c)(3) Philanthropy & Grantmaking

CHICAGO, IL

Total Revenue
$2,048,306
Total Expenses
$1,340,235
Total Assets
$43,647,463
Net Assets
$43,647,463
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
IL
Principal Officer
ABBY SIMON
Phone
7734202883
Tax Period
2024-07-01 to 2025-06-30

THE FOUNDATION FOR THE EDUCATIONAL DEVELOPMENT OF CHILDREN, founded in 1944, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2018. Revenue fell 62% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $808K, a strong 64% operating margin.

Mission

SUPPORTS THE ORTHOGENIC SCHOOL AND HYDE PARK DAY SCHOOL THOUGH ITS INVESTMENTS AND REAL ESTATE.

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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 $0
Program Service Revenue $0
Investment Income $2,048,306
Other Revenue $0
TOTAL REVENUE $2,048,306

Expense Breakdown

Grants Paid $550,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,272,965
Other Expenses $790,235
TOTAL EXPENSES $1,340,235

Year-over-Year Comparison

2024 2023 Change
Revenue $2,048,306 $2,290,349 -0.1%
Expenses $1,340,235 $1,039,010 +0.3%
Net Income $708,071 $1,251,339 -0.4%
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
7

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
5
$252,125
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT MCDONALD CHAIR 1.00
Officer Director
$0 $0 $0
ADAM STEINBACK VICE CHAIR 2.00
Officer Director
$0 $0 $0
JANET GOELZ HOFFMAN SECRETARY 2.00
Officer Director
$0 $0 $0
MATT SPEISSER TREASURER 1.00
Officer Director
$0 $0 $0
LENNY ASARO DIRECTOR 1.00
Director
$0 $0 $0
TINA MATTERA DIRECTOR 1.00
Director
$0 $0 $0
ABBY SIMON CFO & EXECUTIVE DIRECTOR 1.00
Officer
$0 $45,722 $252,125
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 $2,048,306 $1,340,235 $43,647,463 $708,071
2024 $2,290,349 $1,039,010 $42,939,392 $1,251,339
2023 $1,967,360 $1,626,312 $41,688,053 $341,048
2022 $-1,249,994 $2,219,269 $41,347,005 $-3,469,263
2021 $950,465 $1,315,169 $44,816,268 $-364,704
2020 $-1,984,012 $1,364,014 $42,770,791 $-3,348,026
2019 $1,254,271 $446,377 $21,193,848 $807,894
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