Eastern Illinois University Foundation
- Assets
- $118.7m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, IL
- Founding
- 08/1957
- Data as of
- 06/2022
- EIN
- 37-6031320
Organization Overview
Eastern Illinois University Foundation is located in Charleston, IL. The organization was established in 1957. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Eastern 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, Eastern Illinois University Foundation generated $17.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND PROVIDE PRIVATE SUPPORT FOR EASTERN ILLINOIS UNIVERSITY AND ITS EDUCATIONAL MISSION THROUGH SCHOLARSHIPS AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO EASTERN ILLINOIS UNIVERSITY.
SCHOLARSHIPS AWARDED TO EASTERN ILLINOIS UNIVERSITY STUDENTS.
ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF EASTERN ILLINOIS UNIVERSITY FOR BROADER EDUCATIONAL OPPORTUNITIES FOR ITS STUDENTS, ALUMNI AND CITIZENS OF THE STATE OF ILLINOIS BY ENCOURAGING GIFTS OF MONEY, PROPERTY, WORKS OF ART AND OTHER MATERIALS HAVING EDUCATIONAL, ARTISTIC OR HISTORICAL VALUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Nilsen President | OfficerTrustee | 4 | $0 |
Gordon Grado Vice President | OfficerTrustee | 4 | $0 |
Dawn Johnson Treasurer | OfficerTrustee | 4 | $0 |
Kelvin Lane Secretary | OfficerTrustee | 4 | $0 |
Jonathan Mckenzie Executive Director | Officer | 37.5 | $0 |
Nancy Murray Asst Secretary | Officer | 37.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,943 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,899,301 |
| Noncash contributions included in lines 1a–1f | $522,106 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,948,244 |
| Total Program Service Revenue | $0 |
| Investment income | $4,357,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $244,072 |
| Net Gain/Loss on Asset Sales | $5,488,397 |
| Net Income from Fundraising Events | $22,371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,377,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,559,897 |
| Grants and other assistance to domestic individuals. | $1,567,217 |
| 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 | $18,347 |
| Fees for services: Legal | $2,690 |
| Fees for services: Accounting | $23,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $234,959 |
| Fees for services: Other | $223,884 |
| Advertising and promotion | $21,662 |
| Office expenses | $36,163 |
| Information technology | $30,727 |
| Royalties | $0 |
| Occupancy | $50,912 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,695 |
| Insurance | $14,218 |
| All other expenses | $213,111 |
| Total functional expenses | $6,072,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,257,356 |
| Pledges and grants receivable | $512,090 |
| Accounts receivable, net | $17,825 |
| 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 | $41,398 |
| Net Land, buildings, and equipment | $5,116,527 |
| Investments—publicly traded securities | $90,771,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,939,038 |
| Total assets | $118,656,033 |
| Accounts payable and accrued expenses | $175,824 |
| Grants payable | $0 |
| Deferred revenue | $31,355 |
| 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 | $0 |
| Total liabilities | $207,179 |
| Net assets without donor restrictions | $5,771,476 |
| Net assets with donor restrictions | $112,677,378 |
| 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 | $118,656,033 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Eastern Illinois University Foundation has recieved totaling $67,023.
| Awarding Organization | Amount |
|---|---|
Justus Seaman Irrev Tr Ua M13589003 Decatur, IL PURPOSE: EDUCATION | $47,045 |
Residuary Trust Under Will Of H Ogden Brainard Dtd 072590 Charleston, IL PURPOSE: FOR EDUCATIONAL PURPOSES | $15,628 |
Foster And Maralee Overcash Scholarship Trust Canton, IL PURPOSE: SCHOLARSHIP FOR CANTON HIGH | $3,000 |
Georgine B Mcdonald Tr Decatur, IL PURPOSE: SCHOLARSHIP | $1,350 |
Endowment Analysis
| Beg. Balance | $56,186,074 |
| Earnings | -$247,159 |
| Net Contributions | $3,040,622 |
| Ending Balance | $58,979,537 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maranatha Baptist University Inc Watertown, WI | $23,775,385 | $19,476,702 |
Allen College Waterloo, IA | $31,467,568 | $14,208,836 |
Holy Family College Inc Manitowoc, WI | $6,992,394 | $12,349,410 |
Western Illinois University Foundation Macomb, IL | $79,070,194 | $7,417,920 |
Spertus Institute For Jewish Learning And Leadership Chicago, IL | $61,494,654 | $7,279,775 |
Southern Illinois University Edwardsville Foundation Edwardsville, IL | $53,902,987 | $8,733,295 |
Vandercook College Of Music Chicago, IL | $10,499,413 | $6,354,157 |
Eastern Illinois University Foundation Charleston, IL | $118,656,033 | $17,377,290 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |
University Of Southern Indiana Foundation Inc Evansville, IN | $166,446,934 | $20,278,244 |
University Of Wisconsin Stevens Point Foundation Inc Stevens Point, WI | $75,127,942 | $13,216,092 |