Childrens First Fund The Chicago Public School Foundation
- Assets
- $33.3m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Chicago, IL
- Founding
- 06/1997
- Data as of
- 06/2023
- EIN
- 36-4094830
Organization Overview
Childrens First Fund The Chicago Public School Foundation is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Childrens First Fund The Chicago Public School Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens First Fund The Chicago Public School 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, Childrens First Fund The Chicago Public School Foundation generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $12.7m during the year ending 06/2023. While expenses have increased by 14.4% 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.
Since 2015, Childrens First Fund The Chicago Public School Foundation has awarded 196 individual grants totaling $32,325,501. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHILDREN FIRST FUND IS TO PROMOTE THE GROWTH AND SUCCESS OF (SEE SCH O) CHICAGO PUBLIC SCHOOLS THROUGH PHILANTHROPY AND PARTNERSHIPS. WE SERVE AS A KNOWLEDGE HUB AND LIAISON BETWEEN CPS AND ITS COMMUNITY OF PARTNERS, INCLUDING BUSINESSES, FOUNDATIONS, AND INDIVIDUALS. BY MATCHING RESOURCES PROVIDED BY EXTERNAL DONORS AND PARTNERS WITH THE STUDENTS, SCHOOLS, AND STAFF THAT NEED THEM MOST, CFF MAXIMIZES THE IMPACT OF CPS' PARTNERSHIPS AND ADVANCES THE CPS VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CFF MISSION IS TO SUPPORT CHICAGO PUBLIC SCHOOLS (CPS) GOAL OF PREPARING EVERY STUDENT FOR SUCCESS IN COLLEGE, CAREER AND CIVIC LIFE. OPERATING AS AN INDEPENDENT 501(C)(3), CFF PROACTIVELY ENGAGES PARTNERSHIPS AND EXTERNAL RESOURCES, FACILITATING SUPPORT AND RAISING FUNDS, MAXIMIZING IMPACT FOR SUPPORTERS OF CPS' STUDENTS, AND ADVANCING EQUITY ACROSS THE DISTRICT. CFF IS COMMITTED TO SUPPORTING THE DISTRICT BY BEING A TRUSTED, INDEPENDENT PHILANTHROPIC ARM IDENTIFYING AND COMMUNICATING CPS' MOST URGENT NEEDS TO PARTNERS AND ENSURING THE FIDELITY OF THEIR INVESTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan King Director, Chair | OfficerTrustee | 1 | $0 |
Mary Cahillane Director, Treasurer | OfficerTrustee | 1 | $0 |
Adam Langsam Director | Trustee | 1 | $0 |
Alec Litowitz Resigned Aug 2022 Director | Trustee | 1 | $0 |
Gail Ward Resigned Dec 2022 Director | Trustee | 1 | $0 |
Liz Dozier Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bellwether Education Partners Inc Postsecondary Advising And Analysis | 6/29/23 | $326,625 |
University Of Chicago For Effective Gove Design And Deliver Exec Leadership Semin | 6/29/23 | $200,000 |
Teach Plus Leadership Development Coaching | 6/29/23 | $176,000 |
Youth Guidance Provide Counseling Services | 6/29/23 | $167,132 |
Northwest Side Housing Center Outreach And Technology Training Service | 6/29/23 | $157,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,766,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,844,227 |
| Total Program Service Revenue | $0 |
| Investment income | $500,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,344,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,901,667 |
| Grants and other assistance to domestic individuals. | $1,148,457 |
| 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 | $673,933 |
| Pension plan accruals and contributions | $53,530 |
| Other employee benefits | $54,077 |
| Payroll taxes | $54,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,028 |
| Fees for services: Accounting | $83,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,144,719 |
| Advertising and promotion | $5,407 |
| Office expenses | $790,242 |
| Information technology | $18,196 |
| Royalties | $0 |
| Occupancy | $56,160 |
| Travel | $73,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $221,391 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,188 |
| All other expenses | $83,654 |
| Total functional expenses | $12,694,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,688,250 |
| Pledges and grants receivable | $4,592,242 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,280,492 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,315,120 |
| 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 | $1,315,120 |
| Net assets without donor restrictions | $740,897 |
| Net assets with donor restrictions | $31,224,475 |
| 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 | $33,280,492 |
Grants Awarded
Over the last fiscal year, Childrens First Fund The Chicago Public School Foundation has awarded $3,901,667 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO PUBLIC SCHOOLS PURPOSE: PERSONNEL | $2,327,546 |
CHICAGO PUBLIC SCHOOLS PURPOSE: NON-PERSONNEL PROJECTS AND PROGRAMS | $1,574,121 |