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.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $589K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$925K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$811K
-79% vs prior year
Spent
$3.9M
To programs
98%
Net assets
$7.0M
By yearFY2021–FY2025
Revenue
$811K
FY2022▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.9M
FY2022$811K
FY2023$3.8M
FY2024$3.2M
FY2025$6.2M
Expenses
$3.9M
FY2022▲ +114%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.8M
FY2022$3.9M
FY2023$2.5M
FY2024$2.2M
FY2025$4.5M
Net assets
$7.0M
FY2022▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2021$10.1M
FY2022$7.0M
FY2023$8.3M
FY2024$10.0M
FY2025$11.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $3.8M Management & general 2% · $64K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Chicago State Foundation executive salaries →

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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 15aNo

Programs and updates

Secures private funding and builds relationships to support university students and initiatives.

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1 program · $3.8M · in their own filed words · FY2021
01

The mission of the Foundation is to provide support to students, faculty and programs of Chicago State University.

$3.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$8K
Grants paid · 10 grants · $12.5M · 2020–2024
Chicago State FoundationIL · FY2024$3,918,821
Unitemized GrantFY2024$30,747
Chicago State UniversityFY2023$1,608,132
Unitemized GrantFY2023$53,056
Chicago State UniversityFY2022$1,795,608
Unitemized GrantFY2022$26,832
Unitemized GrantFY2021$1,666,990
Chicago State UniversityFY2021$1,629,145
Unitemized GrantFY2020$895,073
Chicago State UniversityFY2020$895,073

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$811K
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$270K
Investment incomeLn 3−$1.1M
Money outPt IX
$3.9M
Ln 25
Programscol B$3.8M
Managementcol C$64K
Owns and owesPt X
$7.0M
net assets · Ln 32
Cash and savingsLn 1–2$161K
Total assetsLn 16$7.9M
LiabilitiesLn 26$925K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$0
Noncash giftsLn 1g$460K
Fundraising eventsLn 1c$290K
Fees for servicesLn 2g$270K
Investment incomeLn 3−$1.1M
Gains on assetsLn 7$0
Total revenueLn 12$811K
Assets in detailPt X, end of year
CashLn 1$161K
SavingsLn 2$2
Cash and savings togetherLn 1–2$161K
Other assetsLn 15$7.7M
Total assetsLn 16$7.9M
LiabilitiesLn 26$925K
Net assetsLn 32$7.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$251K$161K
Total assetsLn 16$10.3M$7.9M
LiabilitiesLn 26$192K$925K
Net assetsLn 32$10.1M$7.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Grants to domestic individualsLn 2$1.7M$1.7M
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$236K$236K
Legal feesLn 11b$17K$17K
Accounting feesLn 11c$42K$42K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$98K$98K
Other fees for servicesLn 11g$78K$78K$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$2K$2K
Information technologyLn 14$46K$46K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$59K$59K$0$0
Total functional expensesLn 25$3.9M$3.8M$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.2M$4.5M$1.7M$11.1M 990 PDF
FY2024 $3.2M$2.2M$974K$10.0M 990 PDF
FY2023 $3.8M$2.5M$1.3M$8.3M 990 PDF
FY2022 Viewing $811K$3.9M−$3.1M$7.0M 990 PDF
FY2021 $3.9M$1.8M$2.0M$10.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $811,445 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,373,743$1,797,035
I-9 Program service revenuePrior year $149,841$269,841
I-10 Investment incomePrior year $1,331,561−$1,129,427
I-11 Other revenuePrior year $0−$126,004
I-12 Total revenuePrior year $3,855,145$811,445
I-13 Grants and similar amounts paidPrior year $1,066,912$3,303,635
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $747,461$580,307
I-18 Total expensesPrior year $1,814,373$3,883,942
I-19 Revenue less expensesPrior year $2,040,772−$3,072,497
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $811,445 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$290,431
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,506,604
VIII-1g Noncash contributions (included above)$459,668
VIII-1h Total contributions, gifts and grants$1,797,035
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $269,841 · Unrelated business $0 · Excluded from tax $0$269,841
VIII-3 Investment incomeRelated to mission −$1,129,427 · Unrelated business $0 · Excluded from tax $0−$1,129,427
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$126,004−$126,004
VIII-12 Total revenueRelated to mission −$859,586 · Unrelated business $0 · Excluded from tax −$126,004$811,445
Part IX · Statement of functional expenses $3,883,942 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $1,636,645$1,636,645
IX-2 Grants to domestic individualsPrograms $1,666,990$1,666,990
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $235,797$235,797
IX-11b Legal feesManagement $17,152$17,152
IX-11c Accounting feesManagement $41,500$41,500
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $97,987$97,987
IX-11g Other fees for servicesPrograms $77,821 · Management $0$77,821
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesManagement $2,059$2,059
IX-14 Information technologyPrograms $45,698$45,698
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsuranceManagement $3,632$3,632
IX-24 Other expenses (24a–d)Programs $58,661 · Management $0 · Fundraising $0$58,661
IX-25 Total functional expensesPrograms $3,819,599 · Management $64,343 · Fundraising $0$3,883,942
Part X · Balance sheet $7,912,596 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $251,221$160,937
X-2 Savings and temporary cash investments$2
X-3 Pledges and grants receivableStart of year $225,000$70,050
X-9 Prepaid expenses and deferred chargesStart of year $23,526$15,600
X-15 Other assetsStart of year $9,752,340$7,666,007
X-16 Total assetsStart of year $10,252,087$7,912,596
X-17 Accounts payable and accrued expensesStart of year $21,716$911,658
X-19 Deferred revenueStart of year $153,750$1,151
X-25 Other liabilitiesStart of year $16,945$12,609
X-26 Total liabilitiesStart of year $192,411$925,418
X-27 Net assets without donor restrictionsStart of year $520,620−$657,510
X-28 Net assets with donor restrictionsStart of year $9,539,056$7,644,688
X-32 Total net assets or fund balancesStart of year $10,059,676$6,987,178
X-33 Total liabilities and net assetsStart of year $10,252,087$7,912,596
Part XI · Reconciliation of net assets $6,987,178 net assets at year end
XI-1 Total revenue$811,445
XI-2 Total expenses$3,883,942
XI-3 Revenue less expenses−$3,072,497
XI-4 Net assets at start of year$10,059,676
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$6,987,178

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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