Northeastern Illinois University Foundation
- Assets
- $20.7m
- Revenue
- $3.7m
- Investments
- $14.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1969
- Data as of
- 06/2022
- EIN
- 23-7034689
Organization Overview
Northeastern Illinois University Foundation is located in Chicago, IL. The organization was established in 1969. 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. Northeastern 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, Northeastern Illinois University Foundation generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. 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
THE FOUNDATION'S PRIMARY FUNCTION IS TO DEVELOP PRIVATE SUPPORT ON BEHALF OF THE UNIVERSITY.TO PROMOTE THE UNIVERSITY'S MISSION AND TO RECEIVE AND ADMINISTER CONTRIBUTIONS. IN THIS WAY, THE FOUNDATION PLAYS A VITAL ROLE IN ENSURING THAT THE UNIVERSITY REMAINS HIGHLY AFFORDABLE, WHILE RETAINING THE HIGHEST ACADEMIC STANDARDS. PRIVATE CONTRIBUTIONS, WHEN ADDED TO STATE RESOURCES, ADD AN EXTRA DIMENSION OF SUPPORT THAT OTHERWISE WOULD NOT BE POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED THE FOLLOWING SUPPORT TO NORTHEASTERN ILLINOISUNIVERSITY DURING THE FISCAL YEAR ENDED JUNE 30, 2022: 1) THE NEIUFOUNDATION RAISED $2,311,289 IN CONTRIBUTIONS AND GRANTS, OF WHICH$567,155 WERE RESTRICTED TO THE FOUNDATION'S ENDOWMENT TO BENEFITFUTURE STUDENTS AND UNIVERSITY OPERATIONS, INCLUDING ACADEMIC ANDCULTURAL PROGRAMS, COLLEGES, DEPARTMENTS AND OTHER UNITS; 2) THE NEIUFOUNDATION PROVIDED A TOTAL OF $960,278 TO THE UNIVERSITY, WHICHINCLUDED $226,093 FOR THE SUPPORT OF VARIOUS ACADEMIC, GRANT, ANDINSITUTIONAL ACTIVITIES AND $1,271,239 FOR SCHOLARSHIPS TO STUDENTS, SOMEOF WHOM WOULD NOT OTHERWISE BE ABLE TO BENEFIT FROM THE EXCELLENTEDUCATION AVAILABLE AT NORTHEASTERN ILLINOIS UNIVERSITY. MOSTNORTHEASTERN STUDENTS (70%) RECEIVE FINANCIAL AID OF SOME KIND, AND A CRITICAL PART OF THIS SUPPORT COMES FROM PRIVATE DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenn Ashley Treasurer | OfficerTrustee | 1 | $0 |
John Roskopf President | OfficerTrustee | 1 | $0 |
Lawrence P Frank Vice President | OfficerTrustee | 1 | $0 |
Mark Van Ausdal Secretary | OfficerTrustee | 1 | $0 |
Liesl Downey Executive Director | Officer | 20 | $0 |
Sharon K Hahs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,939 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,889,502 |
| Noncash contributions included in lines 1a–1f | $30,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,898,441 |
| Total Program Service Revenue | $38,168 |
| Investment income | $610,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,138 |
| Net Income from Fundraising Events | -$6,174 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,684,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $226,093 |
| Grants and other assistance to domestic individuals. | $1,271,239 |
| 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 | $0 |
| Fees for services: Accounting | $35,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,440 |
| Fees for services: Other | $434,703 |
| Advertising and promotion | $12,250 |
| Office expenses | $15,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,636 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $24,093 |
| Total functional expenses | $2,196,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,024 |
| Savings and temporary cash investments | $2,816,278 |
| Pledges and grants receivable | $201,150 |
| 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 | $8,000 |
| Prepaid expenses and deferred charges | $1,112 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,028,817 |
| Investments—other securities | $14,277,752 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $852,216 |
| Total assets | $20,665,349 |
| Accounts payable and accrued expenses | $26,488 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $65,366 |
| 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 | $477,039 |
| Total liabilities | $568,893 |
| Net assets without donor restrictions | $1,074,525 |
| Net assets with donor restrictions | $19,021,931 |
| 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 | $20,665,349 |
Grants Awarded
Over the last fiscal year, Northeastern Illinois University Foundation has awarded $702,783 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO SUPPORT THE UNIVERSITY'S MISSION IN PROVIDING PROGRAM ASSISTANCE USING DONOR FUNDS | $602,207 |
Chicago, IL PURPOSE: TO SUPPORT RESIDENT NFP DANCE COMPANY'S MISSION | $100,576 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Northeastern Illinois University Foundation has recieved totaling $2,551,652.
| Awarding Organization | Amount |
|---|---|
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: FOR FLEXIBLE SUPPORT OF ITS PROJECT, THE TRUTH TELLING PROJECT. | $750,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: FOR FLEXIBLE SUPPORT OF ITS PROJECT THE TRUTH TELLING PROJECT | $750,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: FOR FLEXIBLE SUPPORT OF ITS PROJECT, THE TRUTH TELLING PROJECT. | $750,000 |
Lay Family Foundation Warson Woods, MO PURPOSE: GENERAL SUPPORT | $51,139 |
Spencer Foundation Chicago, IL PURPOSE: MAPPING THE INTERSECTIONS OF POST-SECONDARY EDUCATION / INCARCERATION | $50,000 |
Zakat Foundation Of America Worth, IL PURPOSE: EDUCATION | $48,000 |
Endowment Analysis
| Beg. Balance | $17,964,910 |
| Earnings | -$2,639,716 |
| Admin Expense | $110,975 |
| Net Contributions | $609,170 |
| Grants | $259,605 |
| Ending Balance | $15,563,784 |
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 |