Totals
- Total revenue
- $4,996,476
- Total expenses
- $7,572,048
- Contributions and grants received
- $4,587,055
- Grants paid
- $213,017
- Program service revenue
- $301,576
- Investment income
- $143,361
- Other revenue
- -$35,516
- Total assets, end of year
- $9,700,454
- Total liabilities, end of year
- $1,550,919
- Net assets or fund balances, end of year
- $8,149,535
- Program services expenses (Part IX)
- $5,267,179
- Management and general expenses
- $1,354,767
- Fundraising expenses
- $950,102
- Program service expenses (Part III)
- $5,267,179
Program services were 69.6% 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
$480,513
-
1e · Government grants (contributions)
$40,040
-
1f · All other contributions, gifts and grants
$4,066,502
-
1g · Noncash contributions included above
$1,043,171
-
2a · Program service revenue: PROGRAM SERVICE FEES
total $267,875 · related or exempt $267,875
-
2b · Program service revenue: REACH PRODUCT SALES
total $33,701 · related or exempt $33,701
-
3 · Investment income
total $143,361 · excluded $143,361
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$9,150
-
8a · Fundraising events: contributions included on line 1c
$480,513
-
8b · Fundraising events: direct expenses
$45,614
-
8c · Net income from fundraising events
total -$36,464
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $948 · related or exempt $948
-
11e · Other revenue, total
$948
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $213,017 · program services $213,017
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $256,847 · program services $102,739 · management and general $154,108
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,847,690 · program services $2,845,524 · management and general $407,026 · fundraising $595,140
-
8 · Pension plan contributions
total $43,512 · program services $32,862 · management and general $3,615 · fundraising $7,035
-
9 · Other employee benefits
total $396,098 · program services $288,405 · management and general $50,588 · fundraising $57,105
-
10 · Payroll taxes
total $350,294 · program services $252,054 · management and general $47,264 · fundraising $50,976
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $281,618 · management and general $281,618
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $552,522 · program services $270,624 · management and general $212,749 · fundraising $69,149
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $206,932 · program services $167,999 · fundraising $38,933
-
15 · Royalties
total $0
-
16 · Occupancy
total $424,550 · program services $293,972 · management and general $60,421 · fundraising $70,157
-
17 · Travel
total $124,205 · program services $99,441 · management and general $16,820 · fundraising $7,944
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $8,907 · program services $720 · management and general $8,014 · fundraising $173
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $235,471 · program services $180,965 · management and general $28,612 · fundraising $25,894
-
23 · Insurance
total $55,196 · program services $38,164 · management and general $7,872 · fundraising $9,160
-
24a · Other expenses: FACILITIES RENTAL
total $284,102 · program services $283,102 · fundraising $1,000
-
24b · Other expenses: BANK CHARGES & PROCESSING FEE
total $74,030 · program services $53,402 · management and general $10,493 · fundraising $10,135
-
24c · Other expenses: PROMOTIONAL MATERIALS
total $71,899 · program services $62,244 · management and general $9,655
-
24d · Other expenses: CREDIT LOSS EXPENSE
total $49,295 · management and general $49,295
-
24e · All other expenses
total $95,863 · program services $81,945 · management and general $6,617 · fundraising $7,301
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,468,672 · end of year $2,307,616
-
2 · Savings and temporary cash investments
beginning of year $1,558,026 · end of year $185,166
-
3 · Pledges and grants receivable
beginning of year $2,166,462 · end of year $912,522
-
4 · Accounts receivable
beginning of year $24,176 · end of year $76,919
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $101,012 · end of year $125,403
-
10a · Land, buildings and equipment: cost or other basis
$2,566,933
-
10b · Land, buildings and equipment: accumulated depreciation
$2,097,672
-
10c · Land, buildings and equipment, net
beginning of year $518,306 · end of year $469,261
-
11 · Investments: publicly traded securities
beginning of year $3,155,913 · end of year $4,839,965
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,079,495 · end of year $783,602
-
17 · Accounts payable and accrued expenses
beginning of year $333,123 · end of year $366,526
-
19 · Deferred revenue
beginning of year $77,015 · end of year $11,500
-
21 · Escrow or custodial account liability
beginning of year $256,868 · end of year $440,969
-
25 · Other liabilities
beginning of year $1,028,156 · end of year $731,924
-
27 · Net assets without donor restrictions
beginning of year $1,537,801 · end of year $1,748,818
-
28 · Net assets with donor restrictions
beginning of year $7,839,099 · end of year $6,400,717
Mission and programs · 2024
Mission
CHICAGO SCHOLARS IS TRANSFORMING THE LEADERSHIP LANDSCAPE OF OUR CITY BY RESOLVING THE FUNDAMENTAL BARRIERS TO SUCCESS FOR ACADEMICALLY DRIVEN, FIRST GENERATION COLLEGE STUDENTS FROM UNDER-RESOURCED COMMUNITIES.
-
CHICAGO SCHOLARS OFFERS AN INNOVATIVE SEVEN-YEAR PROGRAM LASTING FROMTHE SUMMER BEFORE THEIR SENIOR YEAR OF HIGH SCHOOL THROUGH THE SENIORYEAR OF COLLEGE AND ENDING WITH TWO YEARS OF LEADERSHIP DEVELOPMENT. INTHEIR FIRST YEAR OF PROGRAMMING, SCHOLARS WORK CLOSELY WITH COLLEGECOUNSELORS, MENTORS AND PEERS TO APPLY TO COLLEGES AND UNIVERSITIESTHAT ARE THEIR RIGHT MATCH, FIT AND FINANCIAL FIT. OUR HOLISTICAPPROACH STRIVES FOR OUR SCHOLARS TO FIND THE COLLEGES AND UNIVERSITIESWHERE THEY CAN BUILD COMMUNITY AND FOSTER BELONGING. CHICAGO SCHOLARSPROVIDES SCHOLARS ENROLLED IN COLLEGE UNIQUE SCHOLARSHIP OPPORTUNITIES,CONTINUED MENTORSHIP AND A COMMUNITY OF PEOPLE WHO CARE, SO THAT OURSCHOLARS PERSIST THROUGH COLLEGE, THRIVE IN THEIR STUDIES AND GRADUATEWITH DEGREES THAT LEAD TO MEANINGFUL CAREERS, HIGHER SALARIES ANDECONOMIC MOBILITY. CHICAGO SCHOLARS CAREER PROGRAMMING HELPS OURSCHOLARS GAIN ACCESS TO THE KEY INTERNSHIPS, OPPORTUNITIES, ANDNETWORKS THAT WILL LEAD THEM TO THEIR FIRST JOBS AND LAUNCHLIFE-CHANGING CAREERS. EACH YEAR CHICAGO SCHOLARS WORKS TO IMPROVE ITSPROGRAMS, SERVICES AND PARTNERSHIPS. TO DATE, MORE THAN 6,000 CHICAGOSCHOLARS ARE IN OR HAVE COMPLETED THE PROGRAM. 88% OF OUR SCHOLARS ANDALUMS COME FROM LOW-INCOME HOUSEHOLDS. 82% ARE FIRST GENERATION COLLEGESTUDENTS. OUR SCHOLARS HAVE COME FROM ALL 77 CHICAGO COMMUNITY AREAS.HISTORICALLY, 96% OF SCHOLARS MATRICULATE TO COLLEGE IN THE FALLFOLLOWING THEIR HIGH SCHOOL GRADUATION, AND 76% EARN THEIR DEGREESWITHIN SIX YEARS. OVERALL THE SCHOLARS ATTENDED OR GRADUATED FROM MORETHAN 500 COLLEGES AND UNIVERSITIES WORLDWIDE.
Expenses $4,325,547 · Grants $213,017 · Revenue $267,875
-
REACH PATHWAYS, L3C: IN MAY 2024, CHICAGO SCHOLARS TRANSITIONED ITS SINGLE MEMBER LIMITED LIABILITY COMPANY, REACH PATHWAYS, LLC (REACH) TO A MULTI-MEMBER LOW-PROFIT LIMITED LIABILITY COMPABY (L3C), WITH THE INTENTION OF EXPENDING ACCESS TO THE FOUNDATION'S PROVEN CURRICULUM TO MORE UNDER-RESOURCED STUDENTS THROUGH TEHNOLOGY AND GENERATING NEW POTENTIAL REVENUE OPPORTUNITIES TO DIVERSIFY THE FOUNDATION'S REVENUES.REACH IS THE COLLEGE AND CAREER PATHWAY FOR UNDER-RESOURCED STUDENTS IN AN INNOVATIVE TECHNOLOGY PLATFORM. REACH CONNECTS STUDENTS WITH COLLEGES AND COMPANIES.
Expenses $941,632 · Revenue $33,701
As filed on the 2024 return.
Listed in Part VII
-
Jeffery Beckham JrJEFFERY BECKHAM JR
CEO
- Total calculated
- $256,847
- From this org
- $246,897
- From related orgs
- $0
- Other
- $9,950
- Hours/week
- 28 + 12 related
Schedule J breakdown matched by us
- Base
- $226,897
- Bonus
- $20,000
- Other
- not reported
- Deferred
- $4,849
- Nontaxable benefits
- $5,101
- Filer's total
- $256,847
-
Rachael CarboneRACHAEL CARBONE
CDOO
- Total calculated
- $182,406
- From this org
- $179,589
- From related orgs
- $0
- Other
- $2,817
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,256
- Bonus
- $8,333
- Other
- not reported
- Deferred
- $2,817
- Nontaxable benefits
- not reported
- Filer's total
- $182,406
-
Tamara PopeTAMARA POPE
CSO
- Total calculated
- $153,226
- From this org
- $136,272
- From related orgs
- $0
- Other
- $16,954
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,272
- Bonus
- not reported
- Other
- not reported
- Deferred
- $1,864
- Nontaxable benefits
- $15,090
- Filer's total
- $153,226
-
Michelle M PattersonMICHELLE M PATTERSON
MG. DIR OF DEV
- Total calculated
- $108,525
- From this org
- $101,109
- From related orgs
- $0
- Other
- $7,416
- Hours/week
- 40
-
Paulette GrahamPAULETTE GRAHAM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Oliver BevanOLIVER BEVAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Raj BhatiaRAJ BHATIA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nyerere BillupsNYERERE BILLUPS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gary CaplanGARY CAPLAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kris CareyKRIS CAREY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark CassataMARK CASSATA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Paula DaniliucPAULA DANILIUC
Director
- Total calculated
- $0
- Hours/week
- 1
-
Wendy FriedmanWENDY FRIEDMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kourtney GibsonKOURTNEY GIBSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dana GordonDANA GORDON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Reginald HillREGINALD HILL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dan HoffenkampDAN HOFFENKAMP
Director
- Total calculated
- $0
- Hours/week
- 1
-
Suzy Kahn WeinbergSUZY KAHN WEINBERG
Director
- Total calculated
- $0
- Hours/week
- 1
-
Girish KashyapGIRISH KASHYAP
Director
- Total calculated
- $0
- Hours/week
- 1
-
Greg KraniasGREG KRANIAS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joseph LansingJOSEPH LANSING
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Maria LinMARIA LIN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katherine MannKATHERINE MANN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nisaini RexachNISAINI REXACH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Will RitchieWILL RITCHIE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian SanchezBRIAN SANCHEZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
Manny SanchezMANNY SANCHEZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim SchwertfegerTIM SCHWERTFEGER
Director
- Total calculated
- $0
- Hours/week
- 3
-
Danielle Scott-DukeDANIELLE SCOTT-DUKE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rex SessionsREX SESSIONS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne ShierSUZANNE SHIER
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Brian SimsBRIAN SIMS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jesse SlovenecJESSE SLOVENEC
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carl TannenbaumCARL TANNENBAUM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn ThomasKATHRYN THOMAS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nate UleryNATE ULERY
Chairman
- Total calculated
- $0
- Hours/week
- 3
-
Dv WilliamsDV WILLIAMS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kristin WolfKRISTIN WOLF
Director
- Total calculated
- $0
- Hours/week
- 1
-
Isaiah MooreISAIAH MOORE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Aaron OlsonAARON OLSON
Director
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
REACH PATHWAYS L3C
EXPANDING ACCESS TO UNDER-RESOURCED STUDENTS · IL · income $113,768 · assets $1,299,006
Directly controlled by THE CHICAGO SCHOLARS FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2026
- IRS schema version
- 2024v5.2
- Source object
- 202611349349305626
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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