Associated Colleges Of Illinois Inc
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $87.9k
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 08/1954
- Data as of
- 05/2024
- EIN
- 36-2252360
Organization Overview
Associated Colleges Of Illinois Inc is located in Chicago, IL. The organization was established in 1954. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 05/2024, Associated Colleges Of Illinois Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Colleges Of Illinois Inc 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 05/2024, Associated Colleges Of Illinois Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.2m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Associated Colleges Of Illinois Inc has awarded 251 individual grants totaling $5,886,572. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ASSOCIATED COLLEGES OF ILLINOIS SUPPORTS MEMBER COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SERVICES TO MEMBER COLLEGES AND UNIVERSITIES
PEER MENTORING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgia Nugent President | OfficerTrustee | 1 | $0 |
Lyn Bullman Chair | OfficerTrustee | 1 | $0 |
Angela T Allen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Aaron J Kuecker Trustee | Trustee | 1 | $0 |
Andrea Talentino Trustee | Trustee | 1 | $0 |
Arvid Johnson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,852 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,011 |
| Total Program Service Revenue | $591,404 |
| Investment income | $19,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,667 |
| Net Income from Fundraising Events | $44,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,456,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $562,324 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,333 |
| Compensation of current officers, directors, key employees. | $23,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,429 |
| Payroll taxes | $23,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,920 |
| Fees for services: Other | $208,164 |
| Advertising and promotion | $0 |
| Office expenses | $11,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,676 |
| Travel | $4,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,006 |
| Insurance | $16,084 |
| All other expenses | $0 |
| Total functional expenses | $1,236,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,172 |
| Savings and temporary cash investments | $108,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,950 |
| 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 | $13,753 |
| Net Land, buildings, and equipment | $10,959 |
| Investments—publicly traded securities | $819,699 |
| Investments—other securities | $87,861 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,421,439 |
| Accounts payable and accrued expenses | $34,198 |
| Grants payable | $248,210 |
| 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 | $88,950 |
| Total liabilities | $371,358 |
| Net assets without donor restrictions | $373,496 |
| Net assets with donor restrictions | $676,585 |
| 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 | $1,421,439 |
Grants Awarded
Over the last fiscal year, Associated Colleges Of Illinois Inc has awarded $562,325 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTANA COLLEGE PURPOSE: Educational Activities | $22,750 |
BLACKBURN COLLEGE PURPOSE: Educational Activities | $18,000 |
AURORA UNIVERSITY PURPOSE: Educational Activities | $25,135 |
DOMINICAN UNIVERSITY PURPOSE: Educational Activities | $25,000 |
ELMHURST COLLEGE PURPOSE: Educational Activities | $22,500 |
EUREKA COLLEGE PURPOSE: Educational Activities | $21,500 |