Nonprofit · EIN 83-1444757
IPC EDUCATION FOUNDATION
Tax-exempt · BANNOCKBURN, IL 60015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $39,047 | $442,696 | -$403,649 | $792,526 | $2,656,913 | -$1,864,387 |
| December 31, 2023 | 990 | $284,283 | $608,773 | -$324,490 | $877,102 | $2,337,840 | -$1,460,738 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $35,123
- Program service revenue
- $3,924
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $71,500
- Compensation of officers, directors and key employees
- $217,789
- Other salaries and wages
- $86,683
- Salaries, compensation and benefits (total)
- $347,214
- Professional fundraising fees
- $0
- Travel
- $8,619
- Program services (functional)
- $405,612
- Management and general (functional)
- $37,084
Balance sheet and other
- Total assets, start of year
- $877,102
- Total assets, end of year
- $792,526
- Total liabilities, end of year
- $2,656,913
- Net assets, end of year
- -$1,864,387
- Net assets without donor restrictions
- -$1,864,387
- Gross receipts
- $39,047
- Employees
- 0
- Volunteers
- 230
- Year formed
- 2017
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN MITCHELL | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $2,667,108 | $129,837 |
| DAVID HERNANDEZ | VP CERTIFICATION & EDUCATION/DIRECTOR Trustee or director | 0.5 | $0 | $401,607 | $72,050 |
| TOM SANDMAN | CFO/SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $408,993 | $63,998 |
| CHARLENE GUNTER | SR. DIRECTOR OF EDUCATION Key employee | 40 | $173,604 | $0 | $44,185 |
| JOE O'NEIL | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN MITCHELL | PRESIDENT/CHAIR Trustee or director, Officer | 0.5 | $0 | $1,654,171 | $95,700 |
| TOM SANDMAN | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $414,764 | $60,588 |
| DAVID HERNANDEZ | DIRECTOR Trustee or director | 0.5 | $0 | $390,254 | $70,658 |
| JOE O'NEIL | VICE CHAIR/DIRECTOR Trustee or director, Officer | 0.5 | $0 | $282,684 | $0 |
| CHARLENE GUNTER | SR. DIRECTOR OF EDUCATION Key employee | 40 | $157,590 | $0 | $42,478 |
Address and contacts
- Address (IRS master file)
- 3000 LAKESIDE DR STE 105N, BANNOCKBURN, IL 60015-1249
- In care of
- % JENNIFER SANDAHL
- Principal officer (990 for 2024)
- JOHN MITCHELL, 3000 LAKESIDE DR 105N, BANNOCKBURN, IL 60015
- Signed the 990
- JOHN MITCHELL, PRESIDENT
- Phone
- (847) 597-2883
- Website
- WWW.IPCEF.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
THE IPC EDUCATION FOUNDATION CREATES CONNECTIONS BETWEEN ELECTRONICS MANUFACTURERS AND SUPPLY CHAIN COMPANIES, ACADEMIA AND THE EMERGING WORKFORCE. IT WORKS TO PREPARE STUDENTS FOR REWARDING CAREERS BY SUPPLYING LEARNING OPPORTUNITIES FOCUSED ON ELECTRONICS MANUFACTURING AND IMPROVING THE PERCEPTION OF MANUFACTURING AS A STABLE AND WELL-PAID SECTOR.
Program accomplishments
- SUPPORT THE IMPROVEMENT AMD DISSEMINATION OF KNOWLEDGE IN THE FIELD OF ELECTRONICS THROUGH EDUCATION AND TRAINING, DISTRIBUTE SCHOLARSHIPS AND GRANTS TO EMPOWER INDIVIDUALS TO PARTICIPATE AND COLLABORATE WITH PARTNERS TO HELP FOSTER AND PROMOTE EDUCATION AND TRAINING IN THE ELECTRONICS INDUSTRY.Expenses $405,612 · grants $71,500 · revenue $3,924
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-1444757
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $792,526
- Income (IRS master file)
- $39,047
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $39,047 | $442,696 | $792,526 | XML |
| 990 | December 2023 | $284,283 | $608,773 | $877,102 | XML |
| 990 | December 2022 | $279,478 | $598,931 | $674,474 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-1444757).
Questions about IPC EDUCATION FOUNDATION
- What is the EIN of IPC EDUCATION FOUNDATION?
- The employer identification number (EIN) of IPC EDUCATION FOUNDATION is 83-1444757.
- Is IPC EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to IPC EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IPC EDUCATION FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of IPC EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IPC EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IPC EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names JOHN MITCHELL.
- Who are the officers and directors of IPC EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization.
- How much revenue does IPC EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $39,047, expenses of $442,696 and total assets of $792,526 at year end.
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