Southern Illinois University Foundation
- Assets
- $237.0m
- Revenue
- $36.4m
- Investments
- $61.4m
- Employees
- 103
- Location
- Carbondale, IL
- Founding
- 08/1944
- Data as of
- 06/2022
- EIN
- 37-6024575
Organization Overview
Southern Illinois University Foundation is located in Carbondale, IL. The organization was established in 1944. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Southern Illinois University Foundation employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Illinois University 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, Southern Illinois University Foundation generated $36.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $18.0m during the year ending 06/2022. While expenses have increased by 4.9% 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, Southern Illinois University Foundation has awarded 27 individual grants totaling $66,390,197. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING PRIVATE SUPPORT FOR THE MISSION OF SOUTHERN ILLINOIS UNIV. AND THE POPULATION IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC AND RESEARCH SUPPORT FUND ACTIVITIES THAT BENEFIT ACADEMIC AND RESEARCH ACTIVITIES OF THE UNIVERSITY AND THE INDIVIDUALS IT SERVES.
UNIVERSITY AND COMMUNITY PROGRAMS FUND ACTIVITIES THAT BENEFIT RELATED PUBLIC SERVICE PROGRAMS OF THE UNIVERSITY AND THE INDIVIDUALS IT SERVES.
STUDENT ASSISTANCE PROVIDE SCHOLARSHIPS AND OTHER AWARDS PROGRAMS TO ASSIST INDIVIDUALS IN ACADEMIC EXCELLENCE ALSO, GRANTING FUNDS TO SOUTHERN ILLINOIS UNIVERSITY FOR THE PURPOSE OF PROVIDING STUDENT LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Daniel F Mahony President - Siu | Trustee | 2 | $0 |
Austin A Lane Chancellor - Siu | Trustee | 2 | $0 |
Matthew S Solverson Board President | OfficerTrustee | 2 | $0 |
Diane R Compardo Board President Elect | OfficerTrustee | 1 | $0 |
Kevin Bame Director | Trustee | 1 | $0 |
Capt Barry Batson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Illinois University Construction/communication | 6/29/23 | $6,430,307 |
Matthew Kupec Consulting And Other Services | 6/29/23 | $294,082 |
Sable Systems International Software System | 6/29/23 | $223,599 |
Fund Evaluation Group Llc Investment Consulting | 6/29/23 | $174,854 |
Siu Alumni Association Printing Costs For Alumni Magazine | 6/29/23 | $110,912 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,005,924 |
| Investment income | $6,347,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,644 |
| Net Rental Income | $7,624 |
| Net Gain/Loss on Asset Sales | $11,869,076 |
| Net Income from Fundraising Events | -$9,508 |
| Net Income from Gaming Activities | $4,569 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,415,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,511,805 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $310,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,930 |
| Payroll taxes | $10,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,410 |
| Fees for services: Accounting | $44,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,457,665 |
| Fees for services: Other | $920,096 |
| Advertising and promotion | $127,450 |
| Office expenses | $1,015,984 |
| Information technology | $675,534 |
| Royalties | $0 |
| Occupancy | $159,148 |
| Travel | $264,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $488,028 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187,382 |
| Insurance | $22,907 |
| All other expenses | $0 |
| Total functional expenses | $18,049,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $158,514 |
| Pledges and grants receivable | $7,274,836 |
| Accounts receivable, net | $396,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,320 |
| Prepaid expenses and deferred charges | $145,289 |
| Investments—publicly traded securities | $164,446,732 |
| Investments—other securities | $61,446,031 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,084,777 |
| Total assets | $236,990,398 |
| Accounts payable and accrued expenses | $508,346 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,755,053 |
| 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 | $969,706 |
| Total liabilities | $4,233,105 |
| Net assets without donor restrictions | $14,636,544 |
| Net assets with donor restrictions | $218,120,749 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $232,757,293 |
Grants Awarded
Over the last fiscal year, Southern Illinois University Foundation has awarded $10,082,901 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN ILLINOIS UNIVERSITY CARBONDALE PURPOSE: PROGRAM ACTIVITIES | $9,840,584 |
ASSOCIATION OF ALUMNI FORMER STUDENTS & FRIENDS PURPOSE: SPONSORSHIP OF SIU ALUMNI MAGAZINE | $101,867 |
MEMORIAL HEALTH CHAMPIONSHIP PURPOSE: SPONSORSHIP OF GOLF TOURNATMENT F | $90,450 |
SIU EDWARDSVILLE PURPOSE: DONOR GIFT AGREEMENT | $50,000 |