Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $11,165,020

• 1g · Noncash contributions included above

  $268,989

• 2a · Program service revenue: SERVICE CONTRACT

  total $743,600 · related or exempt $743,600

• 2b · Program service revenue: TRAVEL REVENUE

  total $265,505 · related or exempt $249,850 · unrelated business $15,655

• 2c · Program service revenue: EVENT REVENUE

  total $208,896 · related or exempt $208,896

• 2d · Program service revenue: QUID PRO QUO ON GIFTS

  total $79,373 · related or exempt $79,373

• 3 · Investment income

  total $4,916,125 · unrelated business $331,524 · excluded $4,584,601

• 5 · Royalties

  total $68,823 · excluded $68,823

• 6a · Gross rents

  real property $1,700

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,700

• 6d · Net rental income or loss

  total $1,700 · excluded $1,700

• 7a · Gross sales of assets other than inventory

  securities $1,685,005

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

  securities $0

• 7c · Gain or loss

  securities $1,685,005

• 7d · Net gain or loss

  total $1,685,005 · excluded $1,685,005

• 11a · Other revenue: COMMISSION REVENUE

  total $81,349 · excluded $81,349

• 11e · Other revenue, total

  $81,349

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,092,120 · program services $6,092,120

• 2 · Grants to domestic individuals

  total $3,762,336 · program services $3,762,336

• 11b · Fees: legal

  total $190,042 · management and general $185,407 · fundraising $4,635

• 11c · Fees: accounting

  total $44,517 · management and general $44,517

• 11f · Fees: investment management

  total $615,166 · management and general $615,166

• 11g · Fees: other

  total $618,211 · program services $161,250 · management and general $123,665 · fundraising $333,296

• 12 · Advertising and promotion

  total $52,919 · program services $33,676 · management and general $7,607 · fundraising $11,636

• 13 · Office expenses

  total $560,443 · program services $99,719 · management and general $195,171 · fundraising $265,553

• 17 · Travel

  total $196,564 · program services $67,581 · management and general $15,670 · fundraising $113,313

• 19 · Conferences, conventions and meetings

  total $448,568 · program services $327,753 · management and general $58,149 · fundraising $62,666

• 22 · Depreciation, depletion and amortization

  total $237,459 · program services $237,459

• 23 · Insurance

  total $84,537 · management and general $84,537

• 24a · Other expenses: FDN SUPPORT FOR SERVICE

  total $2,737,361 · program services $247,968 · management and general $1,314,740 · fundraising $1,174,653

• 24b · Other expenses: TAXES

  total $106,289 · program services $107,518 · management and general -$1,229 · fundraising $0

• 24c · Other expenses: EQUIPMENT & MAINTENANCE

  total $70,010 · program services $34,989 · management and general $28,964 · fundraising $6,057

• 24d · Other expenses: OTHER EXPENSES

  total $52,430 · program services $46,853 · management and general $604 · fundraising $4,973

• 24e · All other expenses

  total $4,635 · program services $51 · management and general $2,567 · fundraising $2,017

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,391,765 · end of year $2,776,434

• 3 · Pledges and grants receivable

  beginning of year $4,644,441 · end of year $4,172,114

• 4 · Accounts receivable

  beginning of year $0 · end of year $150,418

• 9 · Prepaid expenses and deferred charges

  beginning of year $356,444 · end of year $258,237

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

  $5,228,748

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

  $150,226

• 10c · Land, buildings and equipment, net

  beginning of year $21,395,993 · end of year $5,078,522

• 11 · Investments: publicly traded securities

  beginning of year $130,838,876 · end of year $140,864,930

• 12 · Investments: other securities

  beginning of year $22,271,201 · end of year $30,198,284

• 15 · Other assets

  beginning of year $25,571 · end of year $21,521

• 17 · Accounts payable and accrued expenses

  beginning of year $524,138 · end of year $561,012

• 19 · Deferred revenue

  beginning of year $0 · end of year $18,750

• 25 · Other liabilities

  beginning of year $14,814,437 · end of year $16,518,340

• 27 · Net assets without donor restrictions

  beginning of year $38,660,998 · end of year $26,025,861

• 28 · Net assets with donor restrictions

  beginning of year $130,924,718 · end of year $140,396,497

The filer's explanations (Part III)

PART I, LINE 3

THE NIU FOUNDATION'S BOARD OF DIRECTORS ARE NOT COMPENSATED. NIU FOUNDATION ASSIGNED EMPLOYEES ARE NOT PAID DIRECTLY BY THE NIU FOUNDATION. THE NIU FOUNDATION ASSIGNED EMPLOYEES ARE PAID BY THE UNIVERSITY AND THE NIU FOUNDATION REIMBURSES THE UNIVERSITY. IN ACCORDANCE WITH UNIVERSITY POLICIES AND PRACTICE, THE NIU PRESIDENT PERFORMS AN ANNUAL PERFORMANCE AND COMPENSATION REVIEW FOR THE NIU FOUNDATION PRESIDENT AND CEO.

Disregarded entities

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

• ALUMNI ASSOCIATION TRAVEL PROGRAM LLC

  ALUMNI TRAVEL PROGRAM · IL · income $266,677 · assets $219,443

  Directly controlled by NORTHERN ILLINOIS UNIVERSITY FOUNDATION