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Nonprofiteer
← NORTHEASTERN ILLINOIS UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by NORTHEASTERN ILLINOIS UNIVERSITY FOUNDATION.

Totals

Total revenue
$2,438,965
Total expenses
$2,645,111
Contributions and grants received
$2,123,169
Grants paid
$1,831,523
Program service revenue
$29,459
Investment income
$291,159
Other revenue
-$4,822
Total assets, end of year
$21,842,970
Total liabilities, end of year
$511,424
Net assets or fund balances, end of year
$21,331,546
Program services expenses (Part IX)
$2,501,522
Management and general expenses
$119,000
Fundraising expenses
$24,589
Program service expenses (Part III)
$2,501,522

Program services were 94.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $96,932

  • 1f · All other contributions, gifts and grants

    $2,026,237

  • 1g · Noncash contributions included above

    $24,090

  • 2a · Program service revenue: EVENT ADMISSIONS

    total $29,459 · related or exempt $29,459

  • 3 · Investment income

    total $447,914 · excluded $447,914

  • 7a · Gross sales of assets other than inventory

    securities $1,103,974

  • 7b · Less cost or other basis and sales expenses

    securities $1,260,729

  • 7c · Gain or loss

    securities -$156,755

  • 7d · Net gain or loss

    total -$156,755 · excluded -$156,755

  • 8a · Fundraising events: gross income

    $32,068

  • 8a · Fundraising events: contributions included on line 1c

    $96,932

  • 8b · Fundraising events: direct expenses

    $44,399

  • 8c · Net income from fundraising events

    total -$12,331 · excluded -$12,331

  • 11a · Other revenue: OTHER REVENUE

    total $7,509 · related or exempt $7,509

  • 11e · Other revenue, total

    $7,509

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $107,595 · program services $107,595

  • 2 · Grants to domestic individuals

    total $1,723,928 · program services $1,723,928

  • 11c · Fees: accounting

    total $33,560 · management and general $33,560

  • 11f · Fees: investment management

    total $49,717 · management and general $49,717

  • 11g · Fees: other

    total $478,940 · program services $475,970 · management and general $2,970

  • 12 · Advertising and promotion

    total $1,983 · program services $1,983

  • 13 · Office expenses

    total $15,462 · program services $14,061 · management and general $960 · fundraising $441

  • 17 · Travel

    total $71,798 · program services $55,431 · management and general $14,929 · fundraising $1,438

  • 19 · Conferences, conventions and meetings

    total $19,625 · program services $16,092 · management and general $2,131 · fundraising $1,402

  • 24a · Other expenses: EVENT EXPENSES

    total $61,400 · program services $52,947 · management and general $7,708 · fundraising $745

  • 24b · Other expenses: MISCELLANEOUS

    total $30,518 · program services $27,664 · management and general $1,007 · fundraising $1,847

  • 24c · Other expenses: DONOR CULTIVATION & STE

    total $29,283 · program services $11,103 · management and general $475 · fundraising $17,705

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $10,218 · program services $10,218

  • 24e · All other expenses

    total $11,084 · program services $4,530 · management and general $5,543 · fundraising $1,011

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $480,024 · end of year $66,047

  • 2 · Savings and temporary cash investments

    beginning of year $2,816,278 · end of year $2,070,060

  • 3 · Pledges and grants receivable

    beginning of year $201,150 · end of year $548,150

  • 8 · Inventories for sale or use

    beginning of year $8,000 · end of year $8,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,112 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,028,817 · end of year $2,318,028

  • 12 · Investments: other securities

    beginning of year $14,277,752 · end of year $15,917,158

  • 15 · Other assets

    beginning of year $852,216 · end of year $915,527

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,488 · end of year $8,675

  • 21 · Escrow or custodial account liability

    beginning of year $65,366 · end of year $12,600

  • 25 · Other liabilities

    beginning of year $477,039 · end of year $490,149

  • 27 · Net assets without donor restrictions

    beginning of year $1,074,525 · end of year $976,507

  • 28 · Net assets with donor restrictions

    beginning of year $19,021,931 · end of year $20,355,039

Mission and programs · 2022

Mission

THE PRIMARY FUNCTION OF THE FOUNDATION 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.

Activities or mission (Part I)

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.

  • THE FOUNDATION PROVIDED THE FOLLOWING SUPPORT TO NORTHEASTERN ILLINOIS UNIVERSITY DURING THE FISCAL YEAR ENDED JUNE 30, 2023: 1) THE NEIU FOUNDATION RAISED $2,163,873 IN CONTRIBUTIONS AND GRANTS, OF WHICH$438,487 WERE RESTRICTED TO THE FOUNDATION'S ENDOWMENT TO BENEFIT FUTURE STUDENTS AND UNIVERSITY OPERATIONS, INCLUDING ACADEMIC AND CULTURAL PROGRAMS, COLLEGES, DEPARTMENTS AND OTHER UNITS; 2) THE NEIUFOUNDATION PROVIDED $827,561 TO THE UNIVERSITY, WHICH INCLUDED $669,999 FOR THE SUPPORT OF VARIOUS ACADEMIC, GRANT, AND INSITUTIONAL ACTIVITIES. IN ADDITION, THE FOUNDATION PROVIDED $941,946 OF SCHOLARSHIPS TO STUDENTS, SOME OF WHOM WOULD NOT OTHERWISE BE ABLE TO BENEFIT FROM THE EXCELLENT EDUCATION AVAILABLE AT NORTHEASTERN ILLINOIS UNIVERSITY. MOST NORTHEASTERN STUDENTS (70%) RECEIVE FINANCIAL AID OF SOME KIND, AND A CRITICAL PART OF THIS SUPPORT COMES FROM PRIVATE DONATIONS.

    Expenses $2,501,522 · Grants $1,831,523 · Revenue $36,968

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Olga Camargo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jagannath Bobji

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Shine

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Roskopf

    PRESIDENT UNTIL JANUARY 2023

    Total calculated
    $0
    Hours/week
    1

  • Kenn Ashley

    TREASURER UNTIL JANUARY 2023

    Total calculated
    $0
    Hours/week
    1

  • Mark Van Ausdal

    SECRETARY UNTIL JANUARY 2023

    Total calculated
    $0
    Hours/week
    1

  • Rodrigo Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon K Hahs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcellus H Moore Jresq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Salme Harju Steinberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregg Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jaime Di Paulo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Laurino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Todd Phillips

    DIRECTOR UNTIL JANUARY 2023

    Total calculated
    $0
    Hours/week
    1

  • Liesl Downey

    EXECUTIVE DIRECTOR

    Total calculated
    $89,960
    From this org
    $0
    From related orgs
    $79,154
    Other
    $10,806
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202313079349301131

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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