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Filing year 2023

THE FOUNDATION FOR THE EDUCATIONAL DEVELOPMENT OF CHILDREN

Chicago, Illinois·EIN 36-6083633·NTEE T30 · Philanthropy, Voluntarism & Grantmaking Foundations·3
Total revenue
$2.3M
Total assets
$42.9M
Total expenses
$1M
Reported officers
6
Mission

THE FOUNDATION SUPPORTS THE OPERATIONS OF THE SONIA SHANKMAN ORTHOGENIC SCHOOL AND THE HYDE PARK DAY SCHOOLS AND MANAGES THE INVESTMENTS IT OWNS FOR THIS USE. ADDITIONALLY, IT IS THE OWNER OF FEDC HOLDINGS LLC, A DISREGARDED ENTITY, WHICH HOLDS REAL ESTATE ASSETS OF THE ORGANIZATION.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

CFO & Executive Director
$44k
$48k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Down 81%
from 2022

From $233k in 2022 to $44k in 2023.

$233k
2022
$44k
2023
In today's dollarsEst.
Down 82% in real terms$267k to $48k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE FOUNDATION FOR THE EDUCATIONAL DEVELOPMENT OF CHILDREN reported revenue and expenses across 2 filing years.

RevenueExpenses
$2M
$1.6M
2022
$2.3M
$1M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Illinois

Comparable philanthropy, voluntarism & grantmaking organizations in Illinois pay their highest-earning executive a median of $20,000.

25th percentile
$9k
Median
$20,000
75th percentile
$53k
90th percentile
$127k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 490 organizations across 490 filings (2021 – 2023).

See full Philanthropy, Voluntarism & Grantmaking pay data for Illinois
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