Mckinley Foundation At The University Of Illinois
- Assets
- $20.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 38
- Location
- Champaign, IL
- Founding
- 03/1984
- Data as of
- 06/2024
- EIN
- 37-0409945
Organization Overview
Mckinley Foundation At The University Of Illinois is located in Champaign, IL. The organization was established in 1984. As of 06/2024, Mckinley Foundation At The University Of Illinois employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckinley Foundation At The University Of Illinois 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 06/2024, Mckinley Foundation At The University Of Illinois generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $4.5m during the year ending 06/2024. While expenses have increased by 3.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CAMPUS MINISTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPUS MINISTRY TO FINANCE INTELLECTUAL, MORAL AND RELIGIOUS EXPERIENCE OF STUDENTS AT THE UNIVERSITY OF ILLINOIS; RENTAL TO 262 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Cain President | OfficerTrustee | 2 | $0 |
Masumi Iriye Vice-President | OfficerTrustee | 2 | $0 |
Nancy Fuller Treasurer | OfficerTrustee | 2 | $0 |
Boswell Hutson Secretary | OfficerTrustee | 2 | $0 |
Abby Beck Director | Trustee | 2 | $0 |
Jordan Billingsley Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells & Wells Construction Co General Contractor | 6/29/22 | $696,499 |
A Pinch Of This Food Services | 6/29/22 | $695,001 |
Specialty Commercial Flooring Llc Carpet | 6/29/22 | $252,264 |
Borchers Decorating Llc Painting | 6/29/22 | $224,064 |
Brumback & Associates Painting | 6/29/22 | $137,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,585 |
| Related organizations | $0 |
| Government grants | $1,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,924 |
| Total Program Service Revenue | $4,216,303 |
| Investment income | $176,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,567 |
| Net Gain/Loss on Asset Sales | $113,187 |
| Net Income from Fundraising Events | $3,380 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,575,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,400 |
| Compensation of current officers, directors, key employees. | $32,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $464,156 |
| Pension plan accruals and contributions | $14,306 |
| Other employee benefits | $63,324 |
| Payroll taxes | $44,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,054 |
| Fees for services: Accounting | $35,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,410 |
| Fees for services: Other | $5,512 |
| Advertising and promotion | $80,524 |
| Office expenses | $20,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $409,544 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,273 |
| Interest | $1,474,461 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $737,193 |
| Insurance | $80,270 |
| All other expenses | $0 |
| Total functional expenses | $4,505,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,260,524 |
| Savings and temporary cash investments | $2,336,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,433 |
| 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 | $18,992 |
| Net Land, buildings, and equipment | $14,320,694 |
| Investments—publicly traded securities | $928,753 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $630,550 |
| Total assets | $20,579,476 |
| Accounts payable and accrued expenses | $405,037 |
| Grants payable | $0 |
| Deferred revenue | $2,574,149 |
| Tax-exempt bond liabilities | $20,335,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,685,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $142,847 |
| Total liabilities | $29,142,033 |
| Net assets without donor restrictions | -$9,900,797 |
| Net assets with donor restrictions | $1,338,240 |
| 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 | $20,579,476 |