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EDUCATIONAL ADVANCEMENT FUND INC

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Public IRS 990 nonprofit record

EDUCATIONAL ADVANCEMENT FUND INC

EIN 36-4480416 · Support N.E.C. (B19)

What they do

The Organizations Primary Exempt Purpose is The Maintenance of A Residential Housing Complex for The Benefit of Three Chicago-area Tax-exempt Institutions of Higher Learning and Providing Housing to The Students Thereof.

Before you give

Should I give to this charity?

Easy charity check
The spending raises an important question

Of every $100 spent, about $17.20 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

17.24%of revenue went to mission work17.2% of expenses · Program services
$100.00spent for every $100 of revenueRevenue covered expenses this year.
82.76%of revenue went to management and office costs82.8% of expenses
100.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $130,121 for DR GABRIEL ESTEBAN (BOARD CHAIR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$30,511
Mission workProgram services$5,26117.24% of revenue17.2% of expenses
ManagementOffice and general costs$25,25082.76% of revenue82.8% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$30,511100.00% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 17.2% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2021CurrentExpense mix: 17.2% mission · 82.8% management · 0.0% fundraisingTotal expenses: 100.00% of revenue
2020Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 18.23% of revenue
2019Expense mix: 2.9% mission · 97.1% management · 0.0% fundraisingRevenue comparison unavailable
2018Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingRevenue comparison unavailable
2017Expense mix: 32.3% mission · 67.7% management · 0.0% fundraisingTotal expenses: 135.40% of revenue
2016Expense mix: 82.6% mission · 17.4% management · 0.0% fundraisingTotal expenses: 24.91% of revenue
2015Expense mix: 99.8% mission · 0.2% management · 0.0% fundraisingTotal expenses: 108.97% of revenue

Money in and money out

Revenue$30,511
Expenses$30,511

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,261 · 17.2% of expenses
Management and office costs$25,250 · 82.8% of expenses
See all reported dollar amounts
Revenue$30,511
Expenses$30,511
Contributions$30,511
Mission work (program services)$5,261
Management and general$25,250
People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DR GABRIEL ESTEBANBOARD CHAIR · 1 hrs/week $130,121Base · Other $130,121
JERRY TARRERDIRECTOR $47,146Base · Other $47,146
DR KWANG-WU KIMDIRECTOR $45,714Base · Other $45,714
MATT JAEHRLINGTREASURER · 1 hrs/week $37,459Base · Other $37,459
SHERRI SIDLERPRESIDENT/DIRECTOR · 1 hrs/week $37,057Base · Other $37,057
DR ALI MALEKZADEHDIRECTOR · 1 hrs/week $24,088Base · Other $24,088
RICHARD MORECISECRETARY · 1 hrs/week $17,234Base · Other $17,234
ARLENE REGNERUSTREASURER/DIRECTOR · 1 hrs/week $15,939Base · Other $15,939

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

DR GABRIEL ESTEBANBOARD CHAIR

JERRY TARRERDIRECTOR

DR KWANG-WU KIMDIRECTOR

MATT JAEHRLINGTREASURER

SHERRI SIDLERPRESIDENT/DIRECTOR

DR ALI MALEKZADEHDIRECTOR

RICHARD MORECISECRETARY

ARLENE REGNERUSTREASURER/DIRECTOR

About this charity

Location
55 East Jackson Boulevard 22nd Fl, Chicago, IL 60604
County
Cook
In care of
Sherri Sidler
Primary officer
Sherri Sidler, President

How to reach them

Filing and classification

Latest tax year
2021
Tax period began
August 1, 2021
Return type
990
Tax preparer
RSM US LLP
NTEE classification
Support N.E.C. (B19)
IRS tax category
Support N.E.C.

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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