Illinois State University Foundation
- Assets
- $270.0m
- Revenue
- $34.7m
- Investments
- $93.5m
- Employees
- 0
- Location
- Normal, IL
- Founding
- 11/1953
- Data as of
- 06/2021
- EIN
- 37-6025713
Organization Overview
Illinois State University Foundation is located in Normal, IL. The organization was established in 1953. 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. Illinois State 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 06/2021, Illinois State University Foundation generated $34.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $16.9m during the year ending 06/2021. While expenses have increased by 7.1% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD & ADMINISTER GIFTS WITH THE PRIMARY OBJECTIVE OF SERVING THE EDUCATIONAL PURPOSES OF ISU.
Describe the Organization's Program Activity:
ASSIST IN DEVELOPING AND INCREASING EDUCATION OPPORTUNITIES AND THE FACILITIES OF THE UNIVERSITY FOR SERVICE TO ITS STUDENTS, ALUMNI, AND CITIZENS OF THE STATE AND NATION BY ENCOURAGING GIFTS OF MONEY AND PROPERTY; ACT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS; ADMINISTER GIFTS, GRANTS, OR LOANS OF MONEY OR PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Vickerman Executive Director | Officer | 32 | $278,461 |
Mark Wunder Assistant VP Of Developmen | 40 | $170,173 | |
Jill Wilberg Chief Operations Officer | 32 | $162,629 | |
Joy Hutchcraft Exec. Dir. Of Development | 40 | $135,137 | |
Elizabeth Adams Sr. Dir. Of Development | 40 | $117,694 | |
James Knecht Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel Levitz Consulting | 6/29/21 | $416,375 |
Jacksonville Stained Glass Ewing Manor | 6/29/21 | $133,000 |
Perkins Eastman Architects Dpc Athletic Facility | 6/29/21 | $187,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,415 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,043,905 |
| Noncash contributions included in lines 1a–1f | $5,561,202 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,270,320 |
| Total Program Service Revenue | $64,630 |
| Investment income | $91,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,872,810 |
| Net Income from Fundraising Events | -$17,802 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,747,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,327,870 |
| Grants and other assistance to domestic individuals. | $7,183,079 |
| 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 | $5,920 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $253,736 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,703 |
| Travel | $3,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,848 |
| Interest | $77,304 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $446,595 |
| Insurance | $42,725 |
| All other expenses | $276,030 |
| Total functional expenses | $16,855,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,900 |
| Savings and temporary cash investments | $11,622,200 |
| Pledges and grants receivable | $13,982,794 |
| Accounts receivable, net | $33,046 |
| 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 | $6,846,252 |
| Investments—publicly traded securities | $137,663,264 |
| Investments—other securities | $93,508,902 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,213,658 |
| Total assets | $269,993,016 |
| Accounts payable and accrued expenses | $1,460,519 |
| 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 | $2,219,143 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $898,793 |
| Total liabilities | $4,578,455 |
| Net assets without donor restrictions | $24,981,170 |
| Net assets with donor restrictions | $240,433,391 |
| 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 | $269,993,016 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Illinois State University Foundation has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Surplus Line Association Of Illinois Chicago, IL PURPOSE: SCHOLARSHIP | $20,000 |
Foster And Maralee Overcash Scholarship Trust Canton, IL PURPOSE: SCHOLARSHIP TO CANTON HIGH | $9,000 |
Velma A Denny Scholarship Tr Canton, IL PURPOSE: SCHOLARSHIP FOR CANTON HIGH | $8,000 |
Endowment Analysis
| Beg. Balance | $151,372,576 |
| Earnings | $47,182,446 |
| Admin Expense | $1,025,032 |
| Net Contributions | $12,035,787 |
| Other Expense | $294,973 |
| Grants | $8,170,186 |
| Ending Balance | $201,100,618 |
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 |