Chicago State Foundation
- Assets
- $10.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2015
- Data as of
- 06/2021
- EIN
- 47-3644945
Organization Overview
Chicago State Foundation is located in Chicago, IL. The organization was established in 2015. 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. Chicago State 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, Chicago State Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.6% each year . All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 44.3% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CHICAGO STATE FOUNDATION IS TO ADVANCE THE INTEREST AND WELFARE OF CSU BY BUILDING RELATIONSHIPS, SECURING PHILANTHROPIC SUPPORT, STEWARDING ASSETS AND OTHERWISE PROCURING PRIVATE SUPPORT ON BEHALF OF THE UNIVERSITY. WORKING IN CONCERT WITH THE PRESIDENT OF CSU, CHICAGO STATE FOUNDATION HELPS TO IDENTIFY STRATEGIC PRIORITIES, RAISE PUBLIC AWARENESS FOR THE UNIVERSITY AND SECURE PRIVATE SUPPORT TO CREATE NEW OPPORTUNITIES FOR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE FOUNDATION IS TO PROVIDE SUPPORT TO STUDENTS, FACULTY AND PROGRAMS OF CHICAGO STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Loftis Treasurer | OfficerTrustee | 2 | $0 |
Angelique David Board Chair | OfficerTrustee | 2 | $0 |
Christina Steed Vice Chair | OfficerTrustee | 2 | $0 |
Darrious Hilmon Executive Director | Officer | 4 | $0 |
Leslie Anderson Director | Trustee | 2 | $0 |
Jerell Parker Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,373,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,373,743 |
| Total Program Service Revenue | $149,841 |
| Investment income | $1,331,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,855,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178,130 |
| Grants and other assistance to domestic individuals. | $888,782 |
| 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 | $90,352 |
| Fees for services: Legal | $13,423 |
| Fees for services: Accounting | $122,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,562 |
| Fees for services: Other | $247,465 |
| Advertising and promotion | $0 |
| Office expenses | $14,765 |
| Information technology | $52,695 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $802 |
| All other expenses | $0 |
| Total functional expenses | $1,814,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $225,000 |
| Accounts receivable, net | $0 |
| 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 | $23,526 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,752,250 |
| Total assets | $10,251,997 |
| Accounts payable and accrued expenses | $21,716 |
| Grants payable | $0 |
| Deferred revenue | $153,750 |
| 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 | $16,855 |
| Total liabilities | $192,321 |
| Net assets without donor restrictions | $520,620 |
| Net assets with donor restrictions | $9,539,056 |
| 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 | $10,251,997 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Chicago State Foundation has recieved totaling $682,500.
| Awarding Organization | Amount |
|---|---|
Circle Of Service Foundation Chicago, IL PURPOSE: EDUCATION | $175,000 |
| $150,000 | |
Illinois Science And Energy Innovation Foundation Chicago, IL PURPOSE: CONSUMER EDUCATION | $90,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $75,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $50,000 |
Mayer & Morris Kaplan Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |