Governors State University Foundation
- Assets
- $8.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- University Park, IL
- Founding
- 09/1969
- Data as of
- 06/2023
- 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 06/2023, Governors State University Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 13.8% per year over the past 8 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
2023
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 |
|---|---|---|---|
Dr Cheryl Green Board Member | Trustee | 5 | $0 |
William A Davis CEO | Trustee | 20 | $0 |
Villalyn Baluga Ex-Officio Memb | Trustee | 5 | $0 |
Dr Marlon Cummings Board Member | Trustee | 5 | $0 |
Carney Barr President | OfficerTrustee | 1 | $0 |
Paul Labonne Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,770 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $784,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $843,700 |
| Total Program Service Revenue | $363,882 |
| Investment income | $137,409 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $522,290 |
| Net Income from Fundraising Events | -$51,655 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,825,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,211,424 |
| Grants and other assistance to domestic individuals. | $384,545 |
| 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 | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,249 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,097 |
| 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 | $15,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,080 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,848,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,715,732 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,695,530 |
| Total assets | $8,815,589 |
| Accounts payable and accrued expenses | $313,894 |
| 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 | $241,975 |
| Total liabilities | $555,869 |
| Net assets without donor restrictions | $261,847 |
| Net assets with donor restrictions | $7,997,873 |
| 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 | $8,815,589 |