Form 990 for tax year 2023
Filed by NORTHEASTERN ILLINOIS UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $3,720,714
- Total expenses
- $2,091,357
- Contributions and grants received
- $2,154,705
- Grants paid
- $1,017,097
- Program service revenue
- $24,684
- Investment income
- $1,536,624
- Other revenue
- $4,701
- Total assets, end of year
- $24,494,811
- Total liabilities, end of year
- $534,282
- Net assets or fund balances, end of year
- $23,960,529
- Program services expenses (Part IX)
- $1,943,488
- Management and general expenses
- $120,791
- Fundraising expenses
- $27,078
- Program service expenses (Part III)
- $1,943,488
Program services were 92.9% 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.
-
1f · All other contributions, gifts and grants
$2,154,705
-
1g · Noncash contributions included above
$26,770
-
2a · Program service revenue: EVENT ADMISSIONS
total $24,684 · related or exempt $24,684
-
3 · Investment income
total $562,444 · excluded $562,444
-
7a · Gross sales of assets other than inventory
securities $4,719,335
-
7b · Less cost or other basis and sales expenses
securities $3,745,155
-
7c · Gain or loss
securities $974,180
-
7d · Net gain or loss
total $974,180 · excluded $974,180
-
11a · Other revenue: OTHER REVENUE
total $4,701 · related or exempt $4,701
-
11e · Other revenue, total
$4,701
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $168,017 · program services $168,017
-
2 · Grants to domestic individuals
total $849,080 · program services $849,080
-
11c · Fees: accounting
total $29,475 · management and general $29,475
-
11f · Fees: investment management
total $53,865 · management and general $53,865
-
11g · Fees: other
total $626,032 · program services $609,639 · management and general $16,393
-
12 · Advertising and promotion
total $334 · program services $334
-
13 · Office expenses
total $4,952 · program services $4,387 · management and general $456 · fundraising $109
-
17 · Travel
total $127,120 · program services $119,741 · management and general $5,534 · fundraising $1,845
-
19 · Conferences, conventions and meetings
total $32,447 · program services $27,853 · management and general $4,135 · fundraising $459
-
24a · Other expenses: EVENT EXPENSES
total $98,468 · program services $82,478 · fundraising $15,990
-
24b · Other expenses: MISCELLANEOUS
total $34,176 · program services $30,717 · management and general $1,729 · fundraising $1,730
-
24c · Other expenses: SUPPLIES
total $29,279 · program services $29,008 · management and general $271
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $16,904 · program services $15,404 · management and general $1,500
-
24e · All other expenses
total $21,208 · program services $6,830 · management and general $7,433 · fundraising $6,945
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $66,047 · end of year $503,128
-
2 · Savings and temporary cash investments
beginning of year $2,070,060 · end of year $1,410,429
-
3 · Pledges and grants receivable
beginning of year $548,150 · end of year $597,873
-
8 · Inventories for sale or use
beginning of year $8,000 · end of year $8,000
-
9 · Prepaid expenses and deferred charges
end of year $73,500
-
11 · Investments: publicly traded securities
beginning of year $2,318,028 · end of year $2,885,577
-
12 · Investments: other securities
beginning of year $15,917,158 · end of year $18,014,377
-
15 · Other assets
beginning of year $915,527 · end of year $1,001,927
-
17 · Accounts payable and accrued expenses
beginning of year $8,675 · end of year $1,116
-
21 · Escrow or custodial account liability
beginning of year $12,600 · end of year $11,102
-
25 · Other liabilities
beginning of year $490,149 · end of year $522,064
-
27 · Net assets without donor restrictions
beginning of year $976,507 · end of year $978,365
-
28 · Net assets with donor restrictions
beginning of year $20,355,039 · end of year $22,982,164
Mission and programs · 2023
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, 2024: 1) THE NEIU FOUNDATION RAISED $2,176,880 IN CONTRIBUTIONS AND GRANTS, OF WHICH$535,876 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 $1,113,459 TO THE UNIVERSITY, WHICH INCLUDED $926,391 FOR THE SUPPORT OF VARIOUS ACADEMIC, GRANT, AND INSITUTIONAL ACTIVITIES. IN ADDITION, THE FOUNDATION PROVIDED $937,156 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 $1,943,488 · Grants $1,017,097 · Revenue $29,385
As filed on the 2023 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
-
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
-
GREGG FRIEDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARGARET LAURINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANGEL HERRERA JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATRICIA MOTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LIESL DOWNEY
EXECUTIVE DIRECTOR
- Total calculated
- $100,733
- From this org
- $0
- From related orgs
- $80,885
- Other
- $19,848
- 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
-
NORTHEASTERN ILLINOIS UNIVERSITY
$168,017
TO SUPPORT THE UNIVERSITY'S MISSION IN PROVIDING PROGRAM ASSISTANCE USING DONOR FUNDS
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.
-
NORTHEASTERN ILLINOIS UNIVERSITY
501(C)(3) · PUBLIC UNIVERSITY EDUCATION · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443399349300634
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