Ferguson Charitable Foundation EIN 88-3352237 Form 990 (PDF) Claim this org

Ferguson Charitable Foundation FY2023 filing

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Supports diverse students pursuing real estate careers through educational programs and scholarships. For fiscal year 2023 it reported $1.6M in revenue, $934K in expenses, and $918K in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Education
Location
Chicago, IL
Website
www.fergusonpartners.com
Filings
4 on file (2022–2023)
Revenue
$1.6MFY2023
Expenses
$934K
Net assets
$918K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  88-3352237 Public charity (501(c)(3)) Chicago, IL Founded 2022
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/28/26 · see original: IRS
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Size
$1–10M
What they do
Supports diverse students pursuing real estate careers through educational programs and scholarships.
Leadership
Carrie Nowicki · Chief Operating Officer · $140K
Money in and out
$1.6M revenue, $934K expenses
Bottom line
82% program efficiency
Where the money goes · FY2023
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$934K
Pt IX · Ln 25
Net assets
$918K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $623K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.04 Fundraising $0.14
Program efficiency
82%
of spending reaches programs
Operating runway
12.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.6M
FY2023▲ +262%
Expenses
$934K
FY2023▲ +592%
Total assets
$918K
FY2023▲ +166%
Total liabilities
$0
FY2023▼ -100%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$934K
Pt IX · Ln 25
Net assets
$918K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$623K
Total assetsPt X · Ln 16$918K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $767K of program spending, described in the organization's own filed words · FY2023.
01

Supports the creation and operation of higher level institutions to encourage those purusing careers in the real estate industry as well as providing scholarships to students.

$767Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFerguson Charitable Foundation
EINHdr · item D88-3352237
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.fergusonpartners.com
Year of formationHdr · item L2022
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFMay 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Operating Officer
$140,125Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Carrie Nowicki’s $177K as Chief Operating Officer is at the 76th percentile of top reported officer pay among 3393 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023
Carrie Nowicki$176,850$152,229$140,125

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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Statement of Revenue

Part VIII
Contributions & grants100%$1.5M
Investment income$7K
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.04 Fundraising $0.14
Program services82%$767K
Management & general4%$37K
Fundraising14%$129K
Total functional expensesLn 25$934K

Balance Sheet

Part X · end of year
CashLn 1$914K
Total assetsLn 16$918K
Total liabilitiesLn 26$0
Total net assetsLn 32$918K
Months of cash on handcomputed11.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $914K · Operating expenses (Pt IX) $934K · Less non-cash grants $51K · Cash operating expenses/yr $883K
12.4 months
Where the money goes
Program services
Program services $767K · Total expenses $934K
82%
Management & General
Management & general $37K · Total expenses $934K
4%
Fundraising
Fundraising $129K · Total expenses $934K
14%
Cost to raise $1
Fundraising expense (2-yr avg) $71K · Solicited contributions (2-yr avg) $990K
$0.07 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.6M
100%
Government reliance
Government grants — · Total revenue $1.6M
Earned-income share
Program service revenue $0 · Total revenue $1.6M
0%
Investment reliance
Investment income $7K · Total revenue $1.6M
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $934K
0%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $430K
+262%
Net-asset trend (YoY)
End of year $918K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $934K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $918K
Net-asset ratio
Net assets $918K · Total assets $918K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $918K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Carrie Nowicki · Reported title CHIEF OPERATING OFFICER · Highest reported compensation $140K · Total expenses $934K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $140K · Total expenses $934K
15%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 4%
Fundraising cost ratio 8%
Revenue growth 262%
Legal fee ratio 2%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 20 funders →
Grants paid · 6 grants · $1.8M · 2023–2025
Unitemized GrantFY2025$456,086
Unitemized GrantFY2025$314,327
Unitemized GrantFY2024$480,702
Unitemized GrantFY2024$189,434
Unitemized GrantFY2023$182,015
Unitemized GrantFY2023$149,345

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.1M revenue · ⤓ 990 PDF
FY2024$3.3M revenue · ⤓ 990 PDF
FY2023$1.6M revenue · viewing · ⤓ 990 PDF
FY2022$430K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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