THE CLEVELAND AVENUE FOUNDATION FOR EDUCATION GROUP

EIN: 853906899 501(c)(3) Education

CHICAGO, IL

Total Revenue
$11,499,483
Total Expenses
$7,247,999
Total Assets
$14,784,544
Net Assets
$9,570,396
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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
2020
Legal Domicile
IL
Principal Officer
ELIZABETH THOMPSON
Phone
3123836681
Tax Period
2023-01-01 to 2023-12-31

THE CLEVELAND AVENUE FOUNDATION FOR EDUCATION GROUP, founded in 2020, is a mid-sized nonprofit in the Education sector that reported $11.5M in total revenue in fiscal year 2023. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 37% operating margin.

Mission

THE CAFE GROUP PROVIDES FINANCIAL AND PROGRAMMATIC SUPPORT TO LEADERS OF COLOR WHOSE PROXIMITY TO THE CHALLENGES ALLOW THEM TO CREATE MEANINGFUL AND RELEVANT SOLUTIONS. BY LEVERAGING THE LIVED EXPERIENCES AND THE GENIUS WITHIN COMMUNITIES OF COLOR, CAFE GROUP HAS CREATED A GLIDEPATH FROM COLLEGE INTERN TO ESTABLISHED LEADER DESIGNED TO CATALYZE LASTING SYSTEMIC CHANGE.

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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 $11,196,406
Program Service Revenue $0
Investment Income $178,870
Other Revenue $124,207
TOTAL REVENUE $11,499,483

Expense Breakdown

Grants Paid $5,028,528
Salaries & Benefits $909,493
Fundraising Expenses $277,376
Program Expenses $6,131,236
Other Expenses $1,309,978
TOTAL EXPENSES $7,247,999

Year-over-Year Comparison

2023 2022 Change
Revenue $11,499,483 $3,949,556 +1.9%
Expenses $7,247,999 $7,412,889 0.0%
Net Income $4,251,484 $-3,463,333 -2.2%
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
13
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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH THOMPSON PRESIDENT 25.00
Officer Director
$0 $0 $0
LESLIE ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
DANIEL ANELLO DIRECTOR 1.00
Director
$0 $0 $0
SHAYNE EVANS DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH MCCOY DIRECTOR 1.00
Director
$0 $0 $0
MARA BOTMAN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER WANDER CFO 40.00
Highest
$169,148 $4,505 $173,653
REBECCA QUINCY DIRECTOR OF STRATEGY 40.00
Highest
$113,991 $3,032 $117,023
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 $11,499,483 $7,247,999 $14,784,544 $4,251,484
2022 $3,949,556 $7,412,889 $10,404,641 $-3,463,333
2021 $15,309,295 $6,605,762 $12,236,345 $8,703,533
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