Big Shoulders Fund
- Assets
- $135.4m
- Revenue
- $65.7m
- Investments
- $53.5m
- Employees
- 87
- Location
- Chicago, IL
- Founding
- 03/1987
- Data as of
- 06/2023
- EIN
- 36-3490557
Organization Overview
Big Shoulders Fund is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2023, Big Shoulders Fund employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Shoulders Fund 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, Big Shoulders Fund generated $65.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $58.9m during the year ending 06/2023. While expenses have increased by 17.7% per year over the past 6 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.
Since 2018, Big Shoulders Fund has awarded 420 individual grants totaling $60,458,652. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE SUPPORT TO HIGH NEED SCHOOLS WHICH PROVIDE A QUALITY, VALUES-BASED EDUCATION FOR CHICAGO'S CHILDREN. IN 2020, BIG SHOULDERS FUND'S PROGRAMMING WAS EXTENDED TO THE NORTHWEST INDIANA REGION.
Describe the Organization's Program Activity:
STUDENT SCHOLARSHIP PROGRAMS: ADMINISTERED OVER 84 DISTINCT SCHOLARSHIP PROGRAMS THAT INCLUDE MENTORING, ENRICHMENT AND OTHER SUPPORT ACTIVITIES. 5,438 SCHOLARSHIPS WERE AWARDED TO 5,233 STUDENTS AT 131 ELEMENTARY AND HIGH SCHOOLS TO ENABLE THEM TO ATTEND NON-PUBLIC SCHOOLS.
ACADEMIC ENRICHMENT AND LEADERSHIP DEVELOPMENT: BIG SHOULDERS ADMINISTERS OVER 25 ONGOING PROGRAMS IN 92 SCHOOLS INVOLVING OVER 600 TEACHERS AND ADMINISTRATORS TO IMPROVE INSTRUCTION AND LEARNING THROUGH LEADERSHIP AND PROFESSIONAL DEVELOPMENT, PROFESSIONAL LEARNING COMMUNITIES AND ACCESS TO HIGH QUALITY CURRICULA WITH FOCUS ON MATH, SCIENCE, CIVICS, AND LITERACY. PROVIDE A VARIETY OF OTHER NEEDED CAPITAL AND PROGRAMMATIC SUPPORT TO ENSURE A SAFE, EFFECTIVE LEARNING ENVIRONMENT FOR NEARLY 26,000 STUDENTS THROUGH ONGOING ENRICHMENT PROGRAMS INCLUDING A SCIENCE AND LEADERSHIP CAMP, AFTERSCHOOL PROGRAMS, SUMMER PROGRAMS, AND OTHER OPPORTUNITIES FOR STUDENTS.
SCHOOL OPERATIONS: DISTRIBUTED OPERATING AND CAPITAL GRANTS TO MULTIPLE SCHOOLS TO MAINTAIN A QUALITY LEARNING ENVIRONMENT; ALSO ASSISTED SCHOOLS IN IMPROVING MARKETING/RECRUITING, BUILDING NEW EXTERNAL FUNDING SOURCES, IMPROVING SCHOOL BUSINESS OPERATIONS, ETC.
OTHER PROGRAM SERVICES: GENERAL ACADEMIC ENRICHMENT ACTIVITIES FOR STUDENTS, SUCH AS OUTDOOR EDUCATION, LEARNING ABOUT INVESTMENTS AND THE STOCK MARKET. SUPPORT FOR SCHOOLS HOLDING FUND-RAISING EVENTS. SUPPORTING VOLUNTEER SCHOOL CLEANUP AND MAINTENANCE ACTIVITIES. GRANTS TO SCHOOLS AS DESIGNATED BY DONORS - AGENCY (PASS-THROUGH) TRANSACTIONS. IN ADDITION, BIG SHOULDERS FUND PROVIDES SUPPORT TO STUDENTS, TEACHERS, AND ADMINISTRATORS AT CATHOLIC SCHOOLS PRIMARILY SERVING LOW-INCOME STUDENTS IN NORTHWEST INDIANA THROUGH A RESTRICTED GRANT. SOUTHEAST SIDE EXPERIENCE INCUBATOR (SSEI) PROVIDES STUDENTS AT ST. FRANCIS DE SALES HIGH SCHOOL WITH VALUABLE LIFE AND WORK EXPERIENCES IN A PROFESSIONAL SETTING UTILIZING A WORK STUDY PROGRAM. STUDENTS' ACADEMIC SCHEDULES ARE MODIFIED SO THAT FOUR STUDENTS SHARE ONE FULL-TIME ENTRY-LEVEL JOB. WORK STUDY HOURS PROVIDE STUDENTS WITH AN ENRICHED LEARNING EXPERIENCE AND IS CERTIFIED BY THE US DEPARTMENT OF LABOR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Chairman | OfficerTrustee | 30 | $0 |
Name Not Listed Co-Chairman ( Through December 2022) / Board Of Trustees | OfficerTrustee | 15 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Co-Chairman | OfficerTrustee | 25 | $0 |
Name Not Listed Co-Chairman | OfficerTrustee | 3 | $0 |
Name Not Listed Board Of Trustees | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Exponent Partners Professional Services | 6/29/23 | $339,043 |
Ziemke Consulting Llc Prof Development For Schools | 6/29/23 | $285,290 |
Erikson Institute Prof Development For Schools | 6/29/23 | $224,367 |
Uchicago Stem Education Prof Development For Schools | 6/29/23 | $192,523 |
Kirk Ziemke Prof Development For Schools | 6/29/23 | $193,364 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,393 |
| Membership dues | $0 |
| Fundraising events | $6,064,812 |
| Related organizations | $0 |
| Government grants | $1,657,644 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,178,777 |
| Noncash contributions included in lines 1a–1f | $2,684,657 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,956,626 |
| Total Program Service Revenue | $240,868 |
| Investment income | $1,234,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,845,573 |
| Net Income from Fundraising Events | $351,658 |
| Net Income from Gaming Activities | $47,525 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,677,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,068,285 |
| Grants and other assistance to domestic individuals. | $26,944,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,621,428 |
| Compensation of current officers, directors, key employees. | $417,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,961,012 |
| Pension plan accruals and contributions | $102,524 |
| Other employee benefits | $401,973 |
| Payroll taxes | $365,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,907 |
| Fees for services: Accounting | $74,379 |
| Fees for services: Lobbying | $10,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,000 |
| Fees for services: Other | $1,741,516 |
| Advertising and promotion | $271,990 |
| Office expenses | $486,649 |
| Information technology | $440,208 |
| Royalties | $0 |
| Occupancy | $204,604 |
| Travel | $393,256 |
| 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 | $11,175 |
| Insurance | $33,835 |
| All other expenses | $0 |
| Total functional expenses | $58,940,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,702 |
| Savings and temporary cash investments | $34,785,398 |
| Pledges and grants receivable | $27,368,358 |
| 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 | $1,045,008 |
| Net Land, buildings, and equipment | $38,221 |
| Investments—publicly traded securities | $18,088,431 |
| Investments—other securities | $53,511,229 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $354,235 |
| Total assets | $135,423,582 |
| Accounts payable and accrued expenses | $1,189,666 |
| Grants payable | $11,553,165 |
| Deferred revenue | $263,238 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,737,684 |
| 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 | $22,743,753 |
| Net assets without donor restrictions | $35,474,296 |
| Net assets with donor restrictions | $77,205,533 |
| 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 | $135,423,582 |
Grants Awarded
Over the last fiscal year, Big Shoulders Fund has awarded $17,001,925 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
SACRED HEART SCHOOL (CHICAGO) PURPOSE: AE ED SM | $9,640 |
SAN MIGUEL SCHOOL - BACK OF THE YARDS PURPOSE: SPG SM | $33,000 |
ST AILBE SCHOOL PURPOSE: AE LA OP SM | $283,330 |
ST ANASTASIA SCHOOL PURPOSE: OP ED SM | $104,108 |
ST AGNES OF BOHEMIA SCHOOL PURPOSE: AE LA OP DDG SM | $200,286 |
ST ANGELA SCHOOL PURPOSE: AE OP DDG SM | $172,703 |