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CAREER EDUCATION SCHOLARSHIP FUND: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
CAREER EDUCATION SCHOLARSHIP FUND (EIN 36-4264158)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-04-19
IRS object ID
202231099349201108
Schema version
2021v4.0
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)
Return2022-04-19T09:34:55-04:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

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 Line1231 N MARTINGALE RDAddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP601732007ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichele A PeppersPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2022-04-19SignatureDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$46,259GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$30,164ContributionsGiftsGrantsEtcAmt
Investment Income$16,095InvestmentIncomeAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$46,259TotalRevenueAmt
Grants And Similar Amounts Paid$3,637GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$11,035FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$6,400OtherExpensesTotalAmt
Total Expenses$21,072TotalExpensesAmt
Excess Or Deficit For Year$25,187ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$415,913NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$1,768OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$439,332NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$423,841BOYAmt
EOY$442,291EOYAmt

Land And Buildings LandAndBuildingsGrp

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

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$7,065BOYAmt
EOY$4,984EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$430,906BOYAmt
EOY$447,275EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,993BOYAmt
EOY$7,943EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$415,913BOYAmt
EOY$439,332EOYAmt
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 AccomTHEPRIMARYPURPOSEOFTHECAREEREDUCATIONSCHOLARSHIPFUNDTHE"FUND"ISTOGRANTBOTHNEED-BASEDANDMERIT-BASEDSCHOLARSHIPSTOQUALIFIEDSTUDENTSENROLLEDATPERDOCEOEDUCATIONCORPORATION"PEC"UNIVERSITIES.THESTUDENTSSEEKBACHELORSDEGREES,ASSOCIATESDEGREES,ANDCERTIFICATESINCAREER-ORIENTEDDISCIPLINES,FOCUSINGONSKILLTOPROVIDESTRONGENTRY-LEVELEMPLOYMENTOPPORTUNITIESANDONGOINGCAREERANDSALARYADVANCEMENTPOTENTIAL.PECISONEOFTHELARGESTPOST-SECONDARYEDUCATIONPROVIDERSINTHECOUNTRY.ITCURRENTLYHASANENROLLMENTOFOVER40,000STUDENTSAT7UNIVERSITIES.PECSTRIVESTOENSURETHATALLOFITSTRAININGISRELEVANTTOANDMEETSTHECHANGINGNEEDSOFITSSTUDENTSANDTHEJOBMARKET.FIELDSOFFEREDINCLUDE:BUSINESSSTUDIES,NURSING,HEALTHCAREMANAGEMENT,COMPUTERTECHNOLOGIES,EDUCATIONANDCRIMINALJUSTICE,AMONGOTHERS.THEREISAGREATNEEDFORSCHOLARSHIPSFORTHESTUDENTSATTENDINGCLASSESATPEC.SIXTYPERCENTOFTHESTUDENTSATTENDCLASSESWHILEALSOWORKINGPARTORFULLTIMEINHOPESOFQUALIFYINGFORBETTER,HIGHERPAYINGJOBSINTHEFUTURE.INADDITION,SEVENTY-FIVEPERCENTOFTHEPECSTUDENTSCURRENTLYRECEIVEFINANCIALAID.THISEVIDENCESTHENEEDFORSCHOLARSHIPS.THEPECALUMNIANDOTHERSHAVEBEENVOCALREGARDINGTHEIRDESIRETOHELPOTHERSTUDENTSSUCCEED.WITHTHEFORMATIONOFTHEFUND,PECHASPLEDGEDTOPROVIDEADDITIONALSCHOLARSHIPFUNDSTOHELPMAKEEDUCATIONPROGRAMSMOREREADILYAVAILABLETOITSSTUDENTS.DescriptionProgramSrvcAccomTxt
Grants And Allocations$3,637GrantsAndAllocationsAmt
Program Service Expenses$3,637ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$3,637TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (10 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Michele A Peppers
Treasurer0.10$0$0$0
Connie R Johnson
Vice President0.10$0$0$0
Heidi Heifetz
Secretary0.10$0$0$0
Jill DeAtley
Vice President0.10$0$0$0
Lawrence D Levin
Director0.10$0$0$0
Mark Sobota
Assistant Treasurer0.10$0$0$0
Nancy J Mann
Dircetor0.10$0$0$0
Ruki Jayaraman
President0.10$0$0$0
Stacey R Sauchuk
Director0.10$0$0$0
William R Loesch
Director0.10$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
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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 Line1231 N Martingale RdAddressLine1Txt
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$285,010CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$250,823CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$195,746CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$64,870CurrentTaxYearMinus1YearAmt
Current Tax Year$30,164CurrentTaxYearAmt
Total$826,613TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$285,010CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$250,823CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$195,746CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$64,870CurrentTaxYearMinus1YearAmt
Current Tax Year$30,164CurrentTaxYearAmt
Total$826,613TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$342,320SubstantialContributorsTotAmt
Public Support Total170$484,293PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,977CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$17,340CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,951CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,181CurrentTaxYearMinus1YearAmt
Current Tax Year$5,090CurrentTaxYearAmt
Total$60,539TotalAmt

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$887,152TotalSupportAmt
Public Support CY1700.55PublicSupportCY170Pct
Public Support PY1700.48PublicSupportPY170Pct
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:| 2017, , | 2018, | 2019, | 2020, | 2021, |ExplanationTxt

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, $3637|
Part I, line 16| Other Expenses:, Amount:| Filing Fees 3551 Other Expenses 2849, $6400|
Part I, line 20| Explanation:, Amount:| Net unrealized gains losses on Investements, $-1768|
Part II, line 24| Explanation:, BOYAmount:, EOYAmount:| Deposits and Interest Receivable, $5267, $274| Accounts Receivable, $1798, $4710|
Part II, line 26| Explanation:, BOYAmount:, EOYAmount:| Scholarships Payable and Accrued Expenses, $14993, $7943|

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