Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1953.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
35 people listed on the 990; $1.3M paid to officers and key staff.
Pat Vickerman’s $325K as Executive Director is at the 69th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Pat Vickerman | $324,763 | $334,330 | $309,666 | — | — |
| Patrick Vickerman | — | — | — | $278,576 | $278,461 |
| Mark Wunder | $185,261 | $191,496 | $178,697 | $169,260 | $170,173 |
| Jill Wilberg | $184,142 | $190,379 | $177,915 | — | $162,629 |
| Joy Hutchcraft | $147,466 | $151,084 | $141,742 | $134,633 | $135,137 |
| Elizabeth Adams | $138,966 | $142,713 | $136,271 | $111,705 | $117,694 |
| John Christopher Coplan | — | $135,133 | — | — | — |
| Jillian Young | $124,693 | $133,391 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Fundraise to support and enhance Illinois State University.
Questions for Illinois State University Foundation
Your first name shows with your question. Illinois State University Foundation answers here, for everyone.
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Assist in developing and increasing education opportunities and the facilities of the university for service to its students, alumni, and citizens of the state and nation by encouraging gifts of money and property; act as trustee of educational or charitable trusts; administer gifts, grants, or loans of money or property.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $15.0M | $15.8M |
| InvestmentsLn 11–13 | $238.1M | $257.7M |
| Land, buildings, equipmentLn 10c | $6.2M | $11.9M |
| Total assetsLn 16 | $279.9M | $304.2M |
| LiabilitiesLn 26 | $6.2M | $8.5M |
| Net assetsLn 32 | $273.8M | $295.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $13.6M | $13.6M | ||
| Grants to domestic individualsLn 2 | $5.1M | $5.1M | ||
| Pay of current officers, directors and key staffLn 5 | $1.3M | $1.3M | ||
| Other salaries and wagesLn 7 | $751K | $505K | $246K | |
| Legal feesLn 11b | $41K | $41K | $62 | |
| Accounting feesLn 11c | $74K | $74K | ||
| Investment management feesLn 11f | $390K | $390K | ||
| Advertising and promotionLn 12 | $896K | $497K | $399K | |
| OccupancyLn 16 | $79K | $50K | $29K | |
| TravelLn 17 | $432K | $303K | $129K | |
| Conferences, conventions and meetingsLn 19 | $85K | $60K | $26K | |
| Depreciation, depletion and amortizationLn 22 | $33K | $33K | ||
| InsuranceLn 23 | $16K | $15K | $1K | |
| Other expenses (24a–d)Ln 24 | $4.3M | $4.1M | $165K | |
| All other expensesLn 24e | $896K | $388K | $508K | |
| Total functional expensesLn 25 | $28.0M | $18.7M | $7.8M | $1.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $43.1M | $34.6M | $8.5M | $327.1M | 990 PDF |
| FY2024 Viewing | $36.6M | $28.0M | $8.7M | $295.7M | 990 PDF |
| FY2023 | $21.4M | $18.6M | $2.8M | $273.8M | 990 PDF |
| FY2022 | $29.0M | $14.5M | $14.5M | $261.3M | 990 PDF |
| FY2021 | $34.7M | $16.9M | $17.9M | $265.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $36,647,289 revenue, 12 lines filed
Part VI · Governance 27 of 27 board members independent, no flags
Part VIII · Statement of revenue $36,647,289 across 11 lines filed
Part IX · Statement of functional expenses $27,994,470 across 15 lines filed
Part X · Balance sheet $304,150,247 assets, 16 lines filed
Part XI · Reconciliation of net assets $295,666,243 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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