GERMAN AMERICAN APPRENTICESHIP & EDUCATION FOUNDATION

EIN: 384288542 501(c)(3) Education

CHICAGO, IL

Total Revenue
$504,660
Total Expenses
N/A
Total Assets
$504,660
Net Assets
$504,660
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
IL
Principal Officer
MARK TOMKINS
Phone
3125858322
Tax Period
2023-01-01 to 2023-12-31

GERMAN AMERICAN APPRENTICESHIP & EDUCATION FOUNDATION, founded in 2023, is a small nonprofit in the Education sector that reported $505K in total revenue in fiscal year 2023.

Mission

THE AIM OF THE FOUNDATION IS TO SUPPORT THE CREATION AND EXPANSION OF HIGH-QUALITY APPRENTICESHIP PATHWAYS AND RELATED EDUCATION IN THE UNITED STATES. APPRENTICESHIP IS A PROVEN EQUITABLE SOLUTION PROVIDING A PATHWAY TO CAREERS FOR ALL, ESPECIALLY ENABLING YOUTH, VETERANS, AND DIVERSE POPULATIONS TO BENEFIT FROM HIGH-PAYING AND FULFILLING CAREER OPPORTUNITIES WITHOUT TAKING ON DEBT OFTEN ASSOCIATED WITH HIGHER EDUCATION. LEVERAGING KNOWLEDGE GAINED FROM EXPERIENCE WITH APPRENTICESHIPS IN GERMANY, THE FOUNDATION IS DEDICATED TO SUPPORTING THEIR EXPANSION IN THE UNITED STATES AND FOSTERING OPPORTUNITIES FOR EXCHANGING KNOWHOW BETWEEN STAKEHOLDERS IN BOTH COUNTRIES TO FURTHER EDUCATIONAL OPPORTUNITIES RELATED TO APPRENTICESHIP. THE FOUNDATION SUPPORTS A VARIETY OF INITIATIVES TO ENABLE THE GROWTH OF APPRENTICESHIPS AND RELATED EDUCATIONAL PATHWAYS INCLUDING PROVIDING KNOWHOW AND RESOURCES TO EDUCATIONAL INSTITUTIONS, INTERMEDIARIES, NON-PROFITS, GOVERNMENT BODIES, COMPANIES, INDIVIDUALS,

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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 $504,660
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $504,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $504,660 N/A N/A
Expenses N/A N/A N/A
Net Income N/A N/A N/A
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
8
Independent Members
8
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER RIEHLE CHAIRMAN 2.00
Officer Director
$0 $0 $0
MARK TOMKINS PRESIDENT 2.00
Officer Director
$0 $0 $0
MARIO KRATSCH SECRETARY 2.00
Officer Director
$0 $0 $0
MATT WALLACE TREASURER 2.00
Officer Director
$0 $0 $0
AMY CHAMOUN DIRECTOR 1.00
Director
$0 $0 $0
STEFAN HEFFNER DIRECTOR 1.00
Director
$0 $0 $0
MATTHIAS RISTOW DIRECTOR 1.00
Director
$0 $0 $0
WES SABER DIRECTOR 1.00
Director
$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 No data No data No data No data
2023 $504,660 No data $504,660 No data
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