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CAREER EDUCATION SCHOLARSHIP FUND: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CAREER EDUCATION SCHOLARSHIP FUND (EIN 36-4264158)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-04-20
IRS object ID
202131109349200213
Schema version
2020v4.0
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)
Return2021-04-20T10:59:08-04:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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% Kenneth ZilchInCareOfNm
Business Name ControlCAREBusinessNameControlTxt
Foreign Phone8475852616ForeignPhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1231 N MARTINGALE RDAddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP601732007ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKenneth ZilchPersonNm
Person TitleSVP of TaxPersonTitleTxt
Signature2021-04-20SignatureDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website Addresswww.cesfund.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$92,519GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$64,870ContributionsGiftsGrantsEtcAmt
Investment Income$27,649InvestmentIncomeAmt
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$92,519TotalRevenueAmt
Grants And Similar Amounts Paid$99,282GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$11,517FeesAndOtherPymtToIndCntrctAmt
Other Expenses Total$7,291OtherExpensesTotalAmt
Total Expenses$118,090TotalExpensesAmt
Excess Or Deficit For Year-$25,571ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$439,488NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$1,996OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$415,913NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$624,232BOYAmt
EOY$423,841EOYAmt

Land And Buildings LandAndBuildingsGrp

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

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$11,767BOYAmt
EOY$7,065EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$635,999BOYAmt
EOY$430,906EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$196,511BOYAmt
EOY$14,993EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$439,488BOYAmt
EOY$415,913EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
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") CAMPUSES. THE STUDENTS SEEK BACHELORS DEGREES, ASSOCIATES DEGREES, AND CERTIFICATES IN CAREER-ORIENTED DISCIPLINES, FOCUSING ON SKILL TO PROVIDE STRONG ENTRY-LEVEL EMPLOYMENT OPPORTUNITIES AND ONGOING CAREER AND SALARY ADVANCEMENT POTENTIAL. PEC IS ONE OF THE LARGEST POST-SECONDARY EDUCATION PROVIDERS IN THE COUNTRY. IT CURRENTLY HAS AN ENROLLMENT OF OVER 36,000 STUDENTS AT 6 CAMPUSES. 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. SIXTY PERCENT OF THE STUDENTS ATTEND CLASSES WHILE ALSO WORKING PART OR FULL TIME IN HOPES OF QUALIFYING FOR BETTER, HIGHER PAYING JOBS IN THE FUTURE. IN ADDITION, SEVENTY-FIVE PERCENT OF THE PEC STUDENTS CURRENTLY RECEIVE FINANCIAL AID. THIS EVIDENCES THE NEED FOR SCHOLARSHIPS. 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.DescriptionProgramSrvcAccomTxt
Grants And Allocations$99,282GrantsAndAllocationsAmt
Program Service Expenses$99,282ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$99,282TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (11 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Lawrence D Levin
Director0.10$0
William R Loesch
Director0.10$0
Nancy J Mann
Director0.10$0
Stacey R Sauchuk
Director0.10$0
Heidi Heifetz
Secretary0.10$0
Mark Sobota
Assistant Treasurer0.10$0
Jill R DeAtley
Vice President0.10$0
Michele A Peppers
Treasurer0.10$0
Connie R Johnson
Vice President0.10$0
Ruki Jayaraman
President0.10$0
Kenneth R Zilch
Assistant Secretary0.10$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)
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

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$327,279CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$285,010CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$250,823CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$195,746CurrentTaxYearMinus1YearAmt
Current Tax Year$64,870CurrentTaxYearAmt
Total$1,123,728TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$327,279CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$285,010CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$250,823CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$195,746CurrentTaxYearMinus1YearAmt
Current Tax Year$64,870CurrentTaxYearAmt
Total$1,123,728TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$551,404SubstantialContributorsTotAmt
Public Support Total170$572,324PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23,894CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$17,977CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,340CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$11,951CurrentTaxYearMinus1YearAmt
Current Tax Year$8,181CurrentTaxYearAmt
Total$79,343TotalAmt
FieldValueIRS element (for citing)
Total Support$1,203,071TotalSupportAmt
Gross Receipts Rltd Activities$0GrossReceiptsRltdActivitiesAmt
Public Support CY1700.48PublicSupportCY170Pct
Public Support PY1700.61PublicSupportPY170Pct
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:| 2016, , | 2017, | 2018, | 2019, | 2020, |ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, line 10| Grants And Similar Amounts Paid:, Amount:| No need-based or merit-based scholarships exceeded $5000 to an individual grantee, $99282|
Part I, line 16| Other Expenses:, Amount:| Filing Fees, $4233| Other Expenses, $3058|
Part I, line 20| Explanation:, Amount:| Net unrealized gains (losses) on Investments, $1996|
Part II, line 24| Explanation:, BOYAmount:, EOYAmount:| Deposits and Interest Receivable, $5634, $5267| Accounts Receivable, $6133, $1798|
Part II, line 26| Explanation:, BOYAmount:, EOYAmount:| Scholarships Payable and Accrued expenses, $196511, $14993|

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