Education
(B82I)
IRS Verified
DX Registered
990 on File
ILLINOIS HOTEL & LODGING ASSOCIATION EDUCATIONAL FOUNDATION
Financial strength (30%)
71/100
Reliability (20%)
55/100
Effectiveness (25%)
83/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Illinois Hotel & Lodging Association Educational Foundation (IHLAEF) is the not-for-profit, 501(c)(3) educational arm of the Illinois Hotel & Lodging Association (IHLA). Incorporated in 1992, IHLAEF has been a primary source of scholarship assistance for deserving Illinois college students pursuing hospitality management degrees throughout the country, awarding over $400,000 since its inception. The Foundation focuses on three major initiatives: Scholarships, Educational Programming, and High School to Career Curriculum and Workforce Development.
Financial Overview — FY 2024
$159K
Total Revenue
$86K
Total Expenses
$438K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
97.0%
Fundraising Efficiency
N/A
Operating Reserve
61.40x
Liability-to-Asset
11.3%
Revenue Diversification
87.4%
Compared with Peers
FY 2024
Compared with 19,859 similar organizations
(United States, Education, under $100K in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
97.0% | 87.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.0% | 7.0% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
61.4 mo | 19.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
11.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
87.4% | 85.3% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
89.4% | 1.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
17.2% | 0.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
46.2% | 10.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $159K | $86K | $438K | 97.0% | 0 |
| 2023 | $84K | $73K | $368K | 96.0% | 0 |
| 2022 | $40K | $34K | $378K | 91.7% | 0 |
| 2021 | $72K | $36K | N/A | — | 0 |
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