FOUNDATION FOR INFORMATION TECHNOLOGY EDUCATION

EIN: 510177031 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$103,064
Total Expenses
$145,128
Total Assets
$843,314
Net Assets
$843,314
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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
1975
Legal Domicile
IL
Principal Officer
KEVIN JETTON
Phone
3098272015
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR INFORMATION TECHNOLOGY EDUCATION, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $103K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $145K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO PROMOTE INFORMATION TECHNOLOGY RESEARCH AND EDUCATION AND TO ENCOURAGE AND SUPPORT INDIVIDUALS ENTERING AND CONSIDERING ENTERING THE INFORMATION TECHNOLOGY PROFESSION.

Program Service Accomplishments

Program 1
Expenses: $34,243

SCHOLARSHIPS AND AWARDS - TO ASSIST AND RECOGNIZE DATA PROCESSING PROFESSIONALS AND EDUCATORS IN BUSINESS, GOVERNMENT AND OTHER AREAS.

Program 2
Expenses: $90,722 Revenue: $61,341

CONFERENCE - TO PROMOTE EDUCATIONAL AND RESEARCH GOALS OF THE FOUNDATION.

Program 3
Expenses: $500

SUPPORT FOR OTHER TRADE CONFERENCES

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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 $4,000
Program Service Revenue $62,441
Investment Income $36,623
Other Revenue $0
TOTAL REVENUE $103,064

Expense Breakdown

Grants Paid $34,743
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $125,577
Other Expenses $110,385
TOTAL EXPENSES $145,128

Year-over-Year Comparison

2024 2023 Change
Revenue $103,064 $93,785 +0.1%
Expenses $145,128 $129,577 +0.1%
Net Income $-42,064 $-35,792 +0.2%
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
6

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
6
$5,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
XIANG GUO PRESIDENT 4.00
Officer Director
$0 $0 $0
KEVIN JETTON VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
BRIAN REITHEL SECRETARY 3.00
Officer Director
$0 $0 $0
MARK GILFAND TREASURER 7.00
Officer Director
$0 $0 $0
FRED KITCHENS REGENT 2.00
Director
$0 $0 $0
MARK GRIMES REGENT 2.00
Director
$5,000 $0 $5,000
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 No data No data No data No data
2024 $103,064 $145,128 $843,314 $-42,064
2023 $93,785 $129,577 $817,925 $-35,792
2022 $23,433 $66,141 $779,067 $-42,708
2021 $79,005 $51,275 $972,975 $27,730
2020 $28,324 $76,612 $960,509 $-48,288
2019 $161,271 $154,266 $900,649 $7,005
2018 $170,013 $159,826 $772,969 $10,187
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