CAREER EDUCATION SCHOLARSHIP FUND: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CAREER EDUCATION SCHOLARSHIP FUND (EIN 36-4264158)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-19
IRS object ID
202401109349200210
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-19T10:27:20-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364264158EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAREER EDUCATION SCHOLARSHIP FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Michele A PeppersInCareOfNm
Business Name ControlCAREBusinessNameControlTxt
Foreign Phone8477813600ForeignPhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11750 E Golf Rd Suite 350AddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP601735041ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichele A PeppersPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2024-04-19SignatureDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addresswww.cesfund.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$32,032GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$21,101ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$10,931InvestmentIncomeAmt
Sale Of Assets Gross$0SaleOfAssetsGrossAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$0SpecialEventsNetIncomeLossAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$32,032TotalRevenueAmt
Grants And Similar Amounts Paid$4,240GrantsAndSimilarAmountsPaidAmt
Benefits Paid To Or For Members$0BenefitsPaidToOrForMembersAmt
Salaries Other Comp Empl Bnft$0SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$12,641FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$0OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$0PrintingPublicationsPostageAmt
Other Expenses Total$6,078OtherExpensesTotalAmt
Total Expenses$22,959TotalExpensesAmt
Excess Or Deficit For Year$9,073ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$408,025NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$16,200OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$433,298NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$412,721BOYAmt
EOY$440,394EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$3,241BOYAmt
EOY$2,004EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$415,962BOYAmt
EOY$442,398EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,937BOYAmt
EOY$9,100EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$408,025BOYAmt
EOY$433,298EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTo provide both need-based and merit-based scholarships to qualified students enrolled in Perdoceo Education Corporation academic programs.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE PRIMARY PURPOSE OF THE CAREER EDUCATION SCHOLARSHIP FUND THE "FUND" IS TO GRANT BOTH NEED-BASED AND MERIT-BASED SCHOLARSHIPS TO QUALIFIED STUDENTS ENROLLED AT PERDOCEO EDUCATION CORPORATION "PEC" INSTITUTIONS. THE STUDENTS SEEK DOCTORATE MASTERS BACHELORS ASSOCIATES DEGREES AND CERTIFICATES IN CAREER-FOCUSED DISCIPLINES FOCUSING ON SKILL TO MEET THE NEEDS OF TODAYS BUSY ADULT STUDENTS. PEC IS ONE OF THE LARGEST POST-SECONDARY EDUCATION PROVIDERS IN THE COUNTRY; PEC CURRENTLY HAS AN ENROLLMENT OF OVER 35,000 STUDENTS AT 2 UNIVERSITIES. PEC STRIVES TO ENSURE THAT ALL OF ITS TRAINING IS RELEVANT TO AND MEETS THE CHANGING NEEDS OF ITS STUDENTS AND THE JOB MARKET. FIELDS OFFERED INCLUDE: BUSINESS AND MANAGEMENT NURSING HEALTH CARE MANAGEMENT HEALTH SCIENCES INFORMATION TECHNOLOGIES ENGINEERING EDUCATION AND CRIMINAL JUSTICE AMONG OTHERS. THERE IS A GREAT NEED FOR SCHOLARSHIPS FOR THE STUDENTS ATTENDING PEC INSTITUTIONS. APPROXIMATELY SEVENTY PERCENT OF THE STUDENTS ARE OVER THE AGE OF 30 SO MOST ARE PROVIDING THEIR OWN FINANCIAL SUPPORT FOR TUITION AND FOR DAILY LIVING EXPENSES. A MAJORITY OF OUR STUDENTS REQUIRE ASSISTANCE IN FINANCING THEIR EDUCATION. THE PEC ALUMNI AND OTHERS HAVE A DESIRE TO HELP OTHER STUDENTS SUCCEED. WITH THE FORMATION OF THE FUND PEC HAS PLEDGED TO PROVIDE ADDITIONAL SCHOLARSHIP FUNDS TO HELP MAKE EDUCATION PROGRAMS MORE READILY AVAILABLE TO ITS STUDENTS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$4,240GrantsAndAllocationsAmt
Program Service Expenses$4,240ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$4,240TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (8 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Lawrence D Levin
Director0.1$0$0$0
William R Loesch
Director0.1$0$0$0
Conna Bral
Vice President0.1$0$0$0
Heidi L Heifetz
Secretary0.1$0$0$0
Jill DeAtley
Vice President0.1$0$0$0
Kathleen Schnier
President0.1$0$0$0
Mark Sobota
Assistant Treasurer0.1$0$0$0
Michele A Peppers
Treasurer0.1$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
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Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJill R DeAtleyPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11750 E Golf Rd Suite 350AddressLine1Txt
CitySchaumburgCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd
FieldValueIRS element (for citing)
Phone8477813600PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$195,746CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$64,870CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$30,164CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,873CurrentTaxYearMinus1YearAmt
Current Tax Year$21,101CurrentTaxYearAmt
Total$339,754TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$195,746CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$64,870CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$30,164CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,873CurrentTaxYearMinus1YearAmt
Current Tax Year$21,101CurrentTaxYearAmt
Total$339,754TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$184,250SubstantialContributorsTotAmt
Public Support Total170$155,504PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,951CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,181CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,090CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,151CurrentTaxYearMinus1YearAmt
Current Tax Year$8,761CurrentTaxYearAmt
Total$40,134TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$379,888TotalSupportAmt
Gross Receipts Rltd Activities$0GrossReceiptsRltdActivitiesAmt
Public Support CY1700.4093PublicSupportCY170Pct
Public Support PY1700.4724PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, line 10| Grants And Similar Amounts Paid:, Amount:| Need-based or merit-based scholarships, $4240|
Part I, line 16| Other Expenses:, Amount:| Filing Fees, $4283| Other Expenses, $1795|
Part I, line 20| Explanation:, Amount:| Net unrealized gains losses on Investments, $16200|
Part II, line 24| Explanation:, BOYAmount:, EOYAmount:| Accounts Receivable, $2851, $1452| Deposits and Interest Receivable, $390, $552|
Part II, line 26| Explanation:, BOYAmount:, EOYAmount:| Scholarships Payable and Accrued Expenses, $7937, $9100|

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