Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $811,594

• 1f · All other contributions, gifts and grants

  $33,317,605

• 1g · Noncash contributions included above

  $14,135,053

• 2a · Program service revenue: MANAGEMENT FEE

  total $2,617,087 · related or exempt $2,617,087

• 2b · Program service revenue: OTHER EVENTS/DEPT RCPTS

  total $171,151 · related or exempt $171,151

• 3 · Investment income

  total $1,108,642 · unrelated business $318,800 · excluded $789,842

• 6a · Gross rents

  real property $287,313

• 6b · Less rental expenses

  real property $585,538

• 6c · Rental income or loss

  real property -$298,225

• 6d · Net rental income or loss

  total -$298,225 · excluded -$298,225

• 7a · Gross sales of assets other than inventory

  securities $154,987,529

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

  securities $150,484,753

• 7c · Gain or loss

  securities $4,502,776

• 7d · Net gain or loss

  total $4,502,776 · excluded $4,502,776

• 8a · Fundraising events: gross income

  $412,707

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

  $811,594

• 8b · Fundraising events: direct expenses

  $374,866

• 8c · Net income from fundraising events

  total $37,841 · excluded $37,841

• 11a · Other revenue: OTHER ATHLETIC

  total $721,684 · excluded $721,684

• 11b · Other revenue: SHARED ATHLETIC REVENUE

  total $75,000 · related or exempt $75,000

• 11e · Other revenue, total

  $796,684

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,990,246 · program services $14,990,246

• 2 · Grants to domestic individuals

  total $6,191,612 · program services $6,191,612

• 5 · Compensation of officers, directors and key employees

  total $587,288 · program services $530,067 · management and general $12,896 · fundraising $44,325

• 7 · Other salaries and wages

  total $1,671,525 · program services $1,494,945 · management and general $36,893 · fundraising $139,687

• 8 · Pension plan contributions

  total $111,782 · program services $105,965 · management and general $2,383 · fundraising $3,434

• 9 · Other employee benefits

  total $351,103 · program services $332,832 · management and general $7,486 · fundraising $10,785

• 11b · Fees: legal

  total $35,112 · program services $2,558 · management and general $32,554

• 11c · Fees: accounting

  total $36,500 · management and general $36,500

• 11f · Fees: investment management

  total $422,260 · management and general $422,260

• 11g · Fees: other

  total $1,152,368 · program services $1,115,672 · management and general $15,150 · fundraising $21,546

• 12 · Advertising and promotion

  total $322,671 · program services $203,076 · management and general $780 · fundraising $118,815

• 13 · Office expenses

  total $349,361 · program services $109,359 · management and general $12,788 · fundraising $227,214

• 14 · Information technology

  total $8,360 · program services $7,661 · management and general $569 · fundraising $130

• 16 · Occupancy

  total $103,762 · program services $81,435 · management and general $21,403 · fundraising $924

• 17 · Travel

  total $2,703,936 · program services $2,553,151 · management and general $21,910 · fundraising $128,875

• 19 · Conferences, conventions and meetings

  total $344,927 · program services $320,514 · management and general $12,497 · fundraising $11,916

• 20 · Interest

  total $60,419 · management and general $60,419

• 22 · Depreciation, depletion and amortization

  total $494,461 · management and general $494,461

• 23 · Insurance

  total $43,635 · program services $6,406 · management and general $37,229

• 24a · Other expenses: EQUIPMENT

  total $1,549,697 · program services $1,489,769 · management and general $55,920 · fundraising $4,008

• 24b · Other expenses: SUPPLIES

  total $578,431 · program services $531,822 · management and general $18,545 · fundraising $28,064

• 24c · Other expenses: BAD DEBT EXPENSES

  total $225,313 · management and general $225,313

• 24d · Other expenses: INCOME TAX

  total $67,813 · management and general $67,813

• 24e · All other expenses

  total $2,153,221 · program services $1,113,385 · management and general $844,554 · fundraising $195,282

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $116,384 · end of year $2,261,803

• 2 · Savings and temporary cash investments

  beginning of year $15,670,486 · end of year $17,128,508

• 3 · Pledges and grants receivable

  beginning of year $12,751,810 · end of year $13,381,947

• 4 · Accounts receivable

  beginning of year $368,824 · end of year $346,676

• 9 · Prepaid expenses and deferred charges

  beginning of year $121,859 · end of year $376,316

• 10a · Land, buildings and equipment: cost or other basis

  $19,672,123

• 10b · Land, buildings and equipment: accumulated depreciation

  $7,793,746

• 10c · Land, buildings and equipment, net

  beginning of year $11,906,356 · end of year $11,878,377

• 11 · Investments: publicly traded securities

  beginning of year $2,588,437 · end of year $2,864,330

• 12 · Investments: other securities

  beginning of year $255,117,216 · end of year $277,403,867

• 15 · Other assets

  beginning of year $5,508,875 · end of year $7,000,078

• 17 · Accounts payable and accrued expenses

  beginning of year $5,807,649 · end of year $3,146,227

• 23 · Secured mortgages and notes payable

  beginning of year $1,844,835 · end of year $1,711,330

• 25 · Other liabilities

  beginning of year $831,520 · end of year $672,189

• 27 · Net assets without donor restrictions

  beginning of year $24,989,582 · end of year $27,633,030

• 28 · Net assets with donor restrictions

  beginning of year $270,676,661 · end of year $299,479,126

The filer's explanations (Part III)

PART I, LINE 1A

THE EXECUTIVE DIRECTOR HAS A SOCIAL MEMBERSHIP AT A LOCAL COUNTRY CLUB THAT IS USED PRIMARILY FOR BUSINESS PURPOSES.

PART I, LINE 7

UPON DISCRETION AND APPROVAL, PERFORMANCE-BASED BONUSES MAY BE AWARDED FOR CERTAIN INDIVIDUALS AS DETERMINED BY THE BOARD. THESE BONUSES WERE NOT INCLUDED IN THE INDIVIDUALS COMPENSATION PACKAGE.

PART I, LINE 3:

SALARIES ARE DETERMINED ANNUALLY BY THE PRESIDENT OF ILLINOIS STATE UNIVERSITY WHO MAY CONSIDER SUCH FACTORS AS TIME IN THE POSITION, PERFORMANCE, AND SALARIES OF COMPARABLE POSITIONS WITH THE UNIVERSITY AND AT COMPARABLE UNIVERSITIES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• LAUNCHING FUTURES LLC (USES FOUNDATION EIN)

  REAL ESTATE INVESTMENT · IL · income $230,004 · assets $3,646,292

  Directly controlled by ISU FOUNDATION

• LAUNCHING FUTURES II LLC (USES FOUNDATION EIN)

  REAL ESTATE INVESTMENT · IL · income $9,640 · assets $865,892

  Directly controlled by ISU FOUNDATION

• LAUNCHING FUTURES III LLC (USES FOUNDATION EIN)

  REAL ESTATE INVESTMENT · IL · income $48,769 · assets $5,661,933

  Directly controlled by ISU FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (2)

  T · N/A · IL

  Directly controlled by ILLINOIS STATE UNIVERSITY FOUNDATION

• PERPETUAL TRUSTS (4)

  T · N/A · IL

  Directly controlled by ILLINOIS STATE UNIVERSITY FOUNDATION