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CAREER EDUCATION SCHOLARSHIP FUND: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CAREER EDUCATION SCHOLARSHIP FUND (EIN 36-4264158)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-03-25
IRS object ID
202300849349200405
Schema version
2022v5.0
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)
Return2023-03-25T09:11:44-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

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 Phone8478517023ForeignPhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11750 E Golf Rd - Suite 350AddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP601732007ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichele A PeppersPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2023-03-25SignatureDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
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$34,095GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$27,873ContributionsGiftsGrantsEtcAmt
Investment Income$6,222InvestmentIncomeAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$34,095TotalRevenueAmt
Grants And Similar Amounts Paid$6,360GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$11,085FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$5,725OtherExpensesTotalAmt
Total Expenses$23,170TotalExpensesAmt
Excess Or Deficit For Year$10,925ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$439,332NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$42,232OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$408,025NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$442,291BOYAmt
EOY$412,721EOYAmt

Land And Buildings LandAndBuildingsGrp

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

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$4,984BOYAmt
EOY$3,241EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$447,275BOYAmt
EOY$415,962EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,943BOYAmt
EOY$7,937EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$439,332BOYAmt
EOY$408,025EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeToprovidebothneed-basedandmerit-basedscholarshipstoqualifiedstudentsenrolledinPerdoceoEducationCorporationacademicprograms.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomSeeScheduleODescriptionProgramSrvcAccomTxt
Grants And Allocations$6,360GrantsAndAllocationsAmt
Program Service Expenses$6,360ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$6,360TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (8 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Lawrence D Levin
Director0.10$0$0$0
William R Loesch
Director0.10$0$0$0
Conna Bral
Vice President0.10$0$0$0
Heidi L Heifetz
Secretary0.10$0$0$0
Jill DeAtley
Vice President0.10$0$0$0
Kathleen Schnier
President0.10$0$0$0
Mark Sobota
Assistant Treasurer0.10$0$0$0
Michele A Peppers
Treasurer0.10$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
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
States Where Copy Of Return Is FldAZStatesWhereCopyOfReturnIsFldCd
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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$250,823CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$195,746CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$64,870CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,164CurrentTaxYearMinus1YearAmt
Current Tax Year$27,873CurrentTaxYearAmt
Total$569,476TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$250,823CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$195,746CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$64,870CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,164CurrentTaxYearMinus1YearAmt
Current Tax Year$27,873CurrentTaxYearAmt
Total$569,476TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$277,420SubstantialContributorsTotAmt
Public Support Total170$292,056PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,340CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,951CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,181CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,090CurrentTaxYearMinus1YearAmt
Current Tax Year$6,151CurrentTaxYearAmt
Total$48,713TotalAmt

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

Other Income170 OtherIncome170Grp

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$618,189TotalSupportAmt
Public Support CY1700.47PublicSupportCY170Pct
Public Support PY1700.55PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePart II - Line 10FormAndLineReferenceDesc
Explanation| Year:, Amount:, Description:| 2018, , | 2019, | 2020, | 2021, | 2022, |ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, line 10| Grants And Similar Amounts Paid:, Amount:| Need-based or merit-based scholarships, $6360|
Part I, line 16| Other Expenses:, Amount:| Filing Fees 3685 Other Expenses 2040, $5725|
Part I, line 20| Explanation:, Amount:| Net unrealized gains losses on Investments, $-42232|
Part II, line 24| Explanation:, BOYAmount:, EOYAmount:| Deposits and Interest Receivable, $274, $390| Accounts Receivable, $4710, $2851|
Part II, line 26| Explanation:, BOYAmount:, EOYAmount:| Scholarships Payable and Accrued Expenses, $7943, $7937|
Part III, Line 28| Explanation:| THE 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-ORIENTED DISCIPLINES FOCUSING ON SKILL TO PROVIDE STRONG ENTRY-LEVEL AND ONGOING CAREER OPPORTUNITIES PEC IS ONE OF THE LARGEST POST-SECONDARY EDUCATION PROVIDERS IN THE COUNTRY. IT CURRENTLY HAS AN ENROLLMENT OF OVER 40,000 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 STUDIES NURSING HEALTH CARE MANAGEMENT COMPUTER TECHNOLOGIES EDUCATION AND CRIMINAL JUSTICE AMONG OTHERS. THERE IS A GREAT NEED FOR SCHOLARSHIPS FOR THE STUDENTS ATTENDING CLASSES AT PEC. APPROXIMATELY SIXTY-FIVE 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 BEEN VOCAL REGARDING THEIR 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.

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