Depaul College Prep Foundation
- Assets
- $72.3m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/2018
- Data as of
- 06/2021
- EIN
- 81-4516326
Organization Overview
Depaul College Prep Foundation is located in Chicago, IL. The organization was established in 2018. 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. Depaul College Prep 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, Depaul College Prep Foundation generated $6.2m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS IN SUPPORT OF DEPAUL COLLEGE PREP, AN ILLINOIS NOT-FOR-PROFIT CORPORATION, HOLDING FUNDS AND ASSETS RAISED, DISBURSING AVAILABLE FUNDS IN SUPPORT OF THE CAPITAL, OPERATING AND OTHER FINANCIAL NEEDS OF DEPAUL COLLEGE PREP OR IN FURTHERANCE OF SUCH PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE: EDUCATIONAL RESOURCESDEPAUL COLLEGE PREP FOUNDATION PURCHASED REAL PROPERTY TO OPERATE A NEW HIGH SCHOOL CAMPUS USED BY DEPAUL COLLEGE PREP (THE SCHOOL). EXPENSES MAINLY INCLUDED INTEREST ON OUTSTANDING DEBT AND DEPRECIATION. ALONG WITH PURCHASE OF THE BUILDING, THE FOUNDATION PURCHASED ITS CONTENTS INCLUDING PRIMARY FURNITURE TO BE USED BY THE SCHOOL. THESE CONTENTS, ALONG WITH OTHER PERSONAL PROPERTY AND EQUIPMENT PURCHASED BY FOUNDATION WERE DONATED TO THE SCHOOL. THIS DONATION IS ALSO INCLUDED IN THE ABOVE EXPENSE.
PROGRAM SERVICE: ENDOWMENT FOR EDUCATIONAL PURPOSECONTRIBUTIONS TO DEPAUL COLLEGE PREP FOUNDATION ARE PARTIALLY TO GROW THE ENDOWMENT TO BE USED FOR EDUCATIONAL PURPOSES. THE ENDOWMENT FUND WILL FUND BOTH SCHOLARSHIPS TO STUDENTS WHO ATTEND DEPAUL COLLEGE PREP AND PROFESSIONAL DEVELOPMENT FOR THE FACULTY AT DEPAUL COLLEGE PREP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary A Dempsey President | OfficerTrustee | 10 | $0 |
Jeff Bethke Treasurer | OfficerTrustee | 2 | $0 |
Robert Karpinski Treasurer | OfficerTrustee | 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 | $5,121,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,121,709 |
| Total Program Service Revenue | $1,119,500 |
| Investment income | $2,946 |
| 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 | $6,244,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $32,947 |
| Fees for services: Accounting | $3,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,314 |
| Advertising and promotion | $17,452 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,872,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $791,554 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,403,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,501,355 |
| Pledges and grants receivable | $1,407,799 |
| Accounts receivable, net | $491,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $29,748 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $63,862,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000,000 |
| Total assets | $72,293,565 |
| Accounts payable and accrued expenses | $575,744 |
| 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 | $46,800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,375,744 |
| Net assets without donor restrictions | $22,665,755 |
| Net assets with donor restrictions | $2,252,066 |
| 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 | $72,293,565 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Depaul College Prep Foundation has recieved totaling $36,656.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $15,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,397 |
Alben F Bates And Clara G Bates Foundation Elmhurst, IL PURPOSE: UNRESTRICTED | $5,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Endowment Analysis
| Beg. Balance | $651,805 |
| Net Contributions | $192,462 |
| Ending Balance | $844,267 |
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 |