Big Shoulders Fund

Organization Overview

Big Shoulders Fund is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Big Shoulders Fund employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Shoulders Fund 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, Big Shoulders Fund generated $62.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $52.6m during the year ending 06/2022. While expenses have increased by 15.2% 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.

Since 2018, Big Shoulders Fund has awarded 476 individual grants totaling $63,246,158. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WE PROVIDE SUPPORT TO HIGH NEED SCHOOLS WHICH PROVIDE A QUALITY, VALUES-BASED EDUCATION FOR CHICAGO'S CHILDREN. IN 2020, BIG SHOULDERS FUND'S PROGRAMMING WAS EXTENDED TO THE NORTHWEST INDIANA REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STUDENT SCHOLARSHIP PROGRAMS: ADMINISTERED OVER 83 DISTINCT SCHOLARSHIP PROGRAMS THAT INCLUDE MENTORING, ENRICHMENT AND OTHER SUPPORT ACTIVITIES. 5,589 SCHOLARSHIPS WERE AWARDED TO 5,403 STUDENTS AT 150 ELEMENTARY AND HIGH SCHOOLS TO ENABLE THEM TO ATTEND NON-PUBLIC SCHOOLS.


SCHOOL OPERATIONS: DISTRIBUTED OPERATING AND CAPITAL GRANTS TO MULTIPLE SCHOOLS IN AN EFFORT TO PREVENT SCHOOL CLOSURES; ALSO ASSISTED SCHOOLS IN IMPROVING MARKETING/RECRUITING, BUILDING NEW EXTERNAL FUNDING SOURCES, IMPROVING SCHOOL BUSINESS OPERATIONS, ETC.


ACADEMIC ENRICHMENT AND LEADERSHIP DEVELOPMENT: BIG SHOULDERS ADMINISTERS OVER 25 ONGOING PROGRAMS IN 92 SCHOOLS INVOLVING OVER 600 TEACHERS AND ADMINISTRATORS TO IMPROVE INSTRUCTION AND LEARNING THROUGH LEADERSHIP AND PROFESSIONAL DEVELOPMENT, PROFESSIONAL LEARNING COMMUNITIES AND ACCESS TO HIGH QUALITY CURRICULA WITH FOCUS ON MATH, SCIENCE, CIVICS, AND LITERACY. PROVIDE A VARIETY OF OTHER NEEDED CAPITAL AND PROGRAMMATIC SUPPORT TO ENSURE A SAFE, EFFECTIVE LEARNING ENVIRONMENT FOR NEARLY 26,000 STUDENTS THROUGH ONGOING ENRICHMENT PROGRAMS INCLUDING A SCIENCE AND LEADERSHIP CAMP, AFTERSCHOOL PROGRAMS, SUMMER PROGRAMS, AND OTHER OPPORTUNITIES FOR STUDENTS.


OTHER PROGRAM SERVICES: GENERAL ACADEMIC ENRICHMENT ACTIVITIES FOR STUDENTS, SUCH AS OUTDOOR EDUCATION, LEARNING ABOUT INVESTMENTS AND THE STOCK MARKET. SUPPORT FOR SCHOOLS HOLDING FUND-RAISING EVENTS. SUPPORTING VOLUNTEER SCHOOL CLEANUP AND MAINTENANCE ACTIVITIES. GRANTS TO SCHOOLS AS DESIGNATED BY DONORS - AGENCY (PASS-THROUGH) TRANSACTIONS. IN ADDITION, BIG SHOULDERS FUND PROVIDES SUPPORT TO STUDENTS, TEACHERS, AND ADMINISTRATORS AT CATHOLIC SCHOOLS PRIMARILY SERVING LOW-INCOME STUDENTS IN NORTHWEST INDIANA THROUGH A RESTRICTED GRANT.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Executive Committee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ziemke Consulting Llc
Prof Development For Schools
$259,864
Uchicago Stem Education
Prof Development For Schools
$234,290
Kirk Ziemke
Prof Development For Schools
$176,906
Nqc Literacy Llc
Prof Development For Schools
$156,628
Crowe Llp
Professional Services
$105,874
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$11,446
Membership dues$0
Fundraising events$1,331,473
Related organizations$0
Government grants $862,721
All other contributions, gifts, grants, and similar amounts not included above$69,814,102
Noncash contributions included in lines 1a–1f $2,402,411
Total Revenue from Contributions, Gifts, Grants & Similar$72,019,742
Total Program Service Revenue$0
Investment income $598,541
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$9,838,495
Net Income from Fundraising Events $41,495
Net Income from Gaming Activities $62,600
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $62,883,883

Grants Awarded

Over the last fiscal year, Big Shoulders Fund has awarded $7,676,542 in support to 70 organizations.

Grant RecipientAmount

ST FRANCIS DE SALES HIGH SCHOOL (CHICAGO)

Org PageRecipient Profile

Chicago, IL

PURPOSE: AE OP DDG SD

$609,034

EPIPHANY SCHOOL

PURPOSE: AE LA OP SM PD

$483,934

ST ETHELREDA SCHOOL

Org PageRecipient Profile

Chicago, IL

PURPOSE: AE PD OP PP DDG SD

$481,972

ST ANGELA SCHOOL

PURPOSE: STEM AS CG OP DDG SM

$404,726

ST NICHOLAS OF TOLENTINE SCHOOL

PURPOSE: AE STEM LA PD OP DDG SM

$353,692

VISITATION SCHOOL

PURPOSE: AE STEM LA CG OP PP DDG ED

$349,247
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Big Shoulders Fund has recieved totaling $37,375.

Awarding OrganizationAmount
Bruce And Deborah Duncan Foundation

Naples, FL

PURPOSE: TO ASSIST SCHOOLS IN IMPROVING THEIR FINANCIAL SUSTAINABILITY, INNOVATING ACADEMIC PROGRAMS, EQUIPPING TEACHERS AND LEADERS, AND PROVIDING CRUCIAL SCHOLARSHIPS TO FAMILIES

$25,000
John M Leonard Family Foundationinc

Wellington, FL

PURPOSE: UNRESTRICTED

$6,375
Simons Family Foundation

Glenview, IL

PURPOSE: EDUCATION

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$40,698,957
Earnings-$5,532,938
Admin Expense$50,000
Net Contributions$188,261
Other Expense$1,201,117
Grants$652,915
Ending Balance$33,450,248

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