Northern Illinois University Foundation
- Assets
- $169.1m
- Revenue
- $31.1m
- Investments
- $22.8m
- Employees
- 0
- Location
- Dekalb, IL
- Founding
- 07/1955
- Data as of
- 06/2022
- EIN
- 36-6086819
Organization Overview
Northern Illinois University Foundation, operating under the name Niu Foundation, is located in Dekalb, IL. The organization was established in 1955. 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. Niu 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, Niu Foundation generated $31.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $11.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SECURE AND MANAGE PRIVATE SUPPORT TO BENEFIT NORTHERN ILLINOIS UNIVERSITY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tierney Board Chair | OfficerTrustee | 2 | $0 |
Cynthia Crocker Vice Chair | OfficerTrustee | 2 | $0 |
David Heide Treasurer | OfficerTrustee | 2 | $0 |
Catherine Squires President And Ceo, Secretary | Officer | 40 | $0 |
Kym Kowalski Controller | Officer | 40 | $0 |
Reynaldo Bustinza Key Employee | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Public Radio Tower/radio Station | 6/29/22 | $250,453 |
Ever True Inc Consultant/software | 6/29/22 | $138,204 |
Much Shelist Legal | 6/29/22 | $119,202 |
Marts & Lundy Inc Campaign Consultant | 6/29/22 | $213,961 |
Fund Evaluation Group Llc Investment Management | 6/29/22 | $166,662 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,248 |
| Fundraising events | $12,110 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,999,543 |
| Noncash contributions included in lines 1a–1f | $142,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,050,901 |
| Total Program Service Revenue | $1,646,922 |
| Investment income | $3,023,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $38,096 |
| Net Rental Income | $1,805 |
| Net Gain/Loss on Asset Sales | $7,148,342 |
| Net Income from Fundraising Events | $12,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,131,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,449,870 |
| Grants and other assistance to domestic individuals. | $2,755,944 |
| 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 | $137,598 |
| Fees for services: Accounting | $30,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $134,488 |
| Fees for services: Other | $867,784 |
| Advertising and promotion | $5,537 |
| Office expenses | $504,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $484,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $360,207 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,175 |
| Insurance | $72,437 |
| All other expenses | $0 |
| Total functional expenses | $11,027,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,216,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,374,267 |
| Accounts receivable, net | $33,140 |
| 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 | $311,309 |
| Net Land, buildings, and equipment | $21,562,394 |
| Investments—publicly traded securities | $114,739,702 |
| Investments—other securities | $22,849,199 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,578 |
| Total assets | $169,106,712 |
| Accounts payable and accrued expenses | $547,487 |
| 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 | $13,182,754 |
| Total liabilities | $13,730,241 |
| Net assets without donor restrictions | $36,304,413 |
| Net assets with donor restrictions | $119,072,058 |
| 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 | $169,106,712 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northern Illinois University Foundation has recieved totaling $17,990.
| Awarding Organization | Amount |
|---|---|
Richard G Wood Forreston High School Scholarship Fund Rockford, IL PURPOSE: SCHOLARSHIP DISTRIBUTION | $10,390 |
Ralph C Norman Foundation Galva, IL PURPOSE: LIBERIANPATHWAYSDEVELOPMENT | $7,500 |
The Robert E & Kathleen K Evans Family Foundation Inc Holden, MA PURPOSE: TO FUND CONTINUING CHARITABLE PURPOSES | $100 |
Endowment Analysis
| Beg. Balance | $97,881,780 |
| Earnings | -$6,345,157 |
| Admin Expense | $1,389,197 |
| Net Contributions | $1,365,721 |
| Other Expense | $2,687,888 |
| Ending Balance | $88,825,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
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 |