Nonprofit · EIN 35-2125768
DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC
Tax-exempt · GARY, IN 46406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $18,709,139 | $14,803,411 | $3,905,728 | $27,454,264 | $16,763,912 | $10,690,352 |
| June 30, 2024 | 990 | $16,298,057 | $15,081,592 | $1,216,465 | $23,591,654 | $16,981,610 | $6,610,044 |
| June 30, 2023 | 990 | $15,899,006 | $12,946,672 | $2,952,334 | $22,513,458 | $17,119,879 | $5,393,579 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $18,402,943
- of which government grants
- $18,376,871
- Program service revenue
- $112,932
- Investment income
- $161,552
- Other revenue
- $31,712
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $171,747
- Other salaries and wages
- $6,209,369
- Salaries, compensation and benefits (total)
- $8,105,353
- Professional fundraising fees
- $0
- Legal fees
- $85,701
- Accounting fees
- $183,460
- Occupancy
- $1,191,287
- Depreciation
- $764,459
- Program services (functional)
- $13,430,677
- Management and general (functional)
- $1,372,734
Balance sheet and other
- Total assets, start of year
- $23,591,654
- Total assets, end of year
- $27,454,264
- Total liabilities, end of year
- $16,763,912
- Net assets, end of year
- $10,690,352
- Land, buildings and equipment
- $20,474,847
- Net assets without donor restrictions
- $10,690,352
- Gross receipts
- $18,709,139
- Employees
- 110
- Volunteers
- 5
- Year formed
- 2003
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARISA SIMMONS | PRINCIPAL Officer | 40 | $155,804 | $27,530 |
| EVE GOMEZ | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JASON BERES | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MICHELLE DICKERSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CEDRIC STEELE | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARISA SIMMONS | PRINCIPAL Officer | 40 | $152,257 | $25,132 |
| EVE GOMEZ | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JASON BERES | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MICHELLE DICKERSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| HELEN HILL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CEDRIC STEELE | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARISA SIMMONS | PRINCIPAL Officer | 40 | $136,811 | $26,742 |
| EVE GOMEZ | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JASON BERES | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MICHELLE DICKERSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| HELEN HILL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CLIFTON GOODEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CEDRIC STEELE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JERRY WILLIAM | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3401 W 5TH AVE, GARY, IN 46406-1727
- In care of
- % THOMAS V BARNES
- Principal officer (990 for 2024)
- JASON BERES, 3401 W 5TH AVENUE, GARY, IN 46404
- Signed the 990
- JASON BERES, VICE PRESIDENT
- Phone
- (219) 944-3100
- Website
- THEABOWMAN.ORG
- Return prepared by
- DONOVAN PC
Mission
CHARTER SCHOOL FOR THE PROMOTION OF ACADEMIC EXCELLENCE.
Program accomplishments
- THE SCHOOL SERVED APPROXIMATELY 770 AND 850 STUDENTS DURING THE 2024-2025 AND 2023-2024 SCHOOL YEARS, RESPECTIVELY.Expenses $13,430,677 · revenue $144,644
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2125768
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $27,454,264
- Income (IRS master file)
- $18,709,139
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $18,709,139 | $14,803,411 | $27,454,264 | IRS |
| 990 | June 2024 | $16,298,057 | $15,081,592 | $23,591,654 | IRS |
| 990 | June 2023 | $15,899,006 | $12,946,672 | $22,513,458 | XML |
| 990 | June 2022 | $12,462,506 | $10,867,538 | $18,665,189 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2125768).
Questions about DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC
- What is the EIN of DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC?
- The employer identification number (EIN) of DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC is 35-2125768.
- Is DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC?
- The 990 for the year ended June 30, 2025 names JASON BERES.
- Who are the officers and directors of DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $155,804 (MARISA SIMMONS, PRINCIPAL).
- How much revenue does DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $18,709,139, expenses of $14,803,411 and total assets of $27,454,264 at year end.
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