Governors State University Foundation
- Assets
- $8.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- University Park, IL
- Founding
- 09/1969
- Data as of
- 06/2022
- EIN
- 23-7039376
Organization Overview
Governors State University Foundation is located in University Park, IL. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Governors State University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Governors State University Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 12.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR GOVERNORS STATE UNIVERSITY AND ITS STUDENT BODY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY SUPPORT - GOVERNORS STATE UNIVERSITY FOUNDATION RAISES FUNDS IN ORDER TO SUPPORT VARIOUS ACTIVITIES OF GOVVERNORS STATE UNIVERSITY.
SCHOLARSHIPS - GOVERNORS STATE UNIVERSITY FOUNDATION THROUGH ITS FUNDRAISING EFFORTS RECOGNIZES ACADEMIC EXCELLENCE AND AWARDS DESERVING STUDENTS IN PURSUIT OF A DEGREE AT GOVERNORS STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carney Barr President | OfficerTrustee | 1 | $0 |
Paul Labonne Vice President | OfficerTrustee | 1 | $0 |
Michelle Redd-Newell Treasurer | OfficerTrustee | 1 | $0 |
David Barr Secretary | OfficerTrustee | 1 | $0 |
Hank Johnson Officer | OfficerTrustee | 1 | $0 |
Dr Cheryl Green Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,878 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $975,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,051,973 |
| Total Program Service Revenue | $344,591 |
| Investment income | $113,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $274,279 |
| Net Income from Fundraising Events | -$44,381 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,752,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $945,290 |
| Grants and other assistance to domestic individuals. | $296,649 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,020 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $91,332 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,137 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,483,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,502,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,465 |
| Other assets | $2,367,156 |
| Total assets | $8,637,867 |
| Accounts payable and accrued expenses | $269,581 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $269,581 |
| Net assets without donor restrictions | $507,839 |
| Net assets with donor restrictions | $7,860,447 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,637,867 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Governors State University Foundation has recieved totaling $22,258.
| Awarding Organization | Amount |
|---|---|
Partnership For College Completion Chicago, IL PURPOSE: Granted to participating institutions of the Illinois Equity in Attainment Initiative to advance an equity effort on campus. | $12,000 |
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $6,508 |
Culvers Vip Foundation Inc Prairie Du Sac, WI PURPOSE: SCHOLARSHIP(S) FOR RECIPIENT(S) PAID DIRECTLY TO SCHOOL | $3,250 |
Maurice Foundation Cedar Rapids, IA PURPOSE: CENTER FOR PERFORMING ARTS - RALPH MEDHURST FUND | $500 |
Endowment Analysis
| Beg. Balance | $2,867,314 |
| Net Contributions | $496,149 |
| Ending Balance | $3,363,463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |