Illinois State University Foundation

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 represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $16.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 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:

Part 3 - Line 4a

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)Compensation
Eric E Burwell
Chairperson
$0
James Knecht
Secretary
$0
David Wampler
Treasurer
$0
Ann Baughan
Board Member
$0
Greg Ayers
Board Member
$0
David L Brown
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ruffalo Noel Levitz
Consulting
$450,088
Core Construction Services Of Ill Inc
Cob Innovation Center
$121,588
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$16,270,320
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

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