Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $414,833

• 1e · Government grants (contributions)

  $81,281

• 1f · All other contributions, gifts and grants

  $6,015,122

• 2a · Program service revenue: PROGRAM SERVICE FEES

  total $399,394 · related or exempt $399,394

• 3 · Investment income

  total $95,522 · excluded $95,522

• 7a · Gross sales of assets other than inventory

  securities $821,007

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

  securities $822,761

• 7c · Gain or loss

  securities -$1,754

• 7d · Net gain or loss

  total -$1,754 · excluded -$1,754

• 8a · Fundraising events: gross income

  $59,275

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

  $414,833

• 8b · Fundraising events: direct expenses

  $208,849

• 8c · Net income from fundraising events

  total -$149,574 · excluded -$149,574

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $2,397 · related or exempt $2,397

• 11e · Other revenue, total

  $2,397

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $551,047 · program services $551,047

• 5 · Compensation of officers, directors and key employees

  total $1,021,143 · program services $480,183 · management and general $332,202 · fundraising $208,758

• 7 · Other salaries and wages

  total $3,361,781 · program services $2,671,523 · management and general $271,684 · fundraising $418,574

• 8 · Pension plan contributions

  total $32,541 · program services $11,064 · management and general $15,620 · fundraising $5,857

• 9 · Other employee benefits

  total $379,619 · program services $229,158 · management and general $96,073 · fundraising $54,388

• 10 · Payroll taxes

  total $334,225 · program services $227,214 · management and general $56,014 · fundraising $50,997

• 11b · Fees: legal

  total $39,897 · program services $39,897

• 11c · Fees: accounting

  total $86,694 · program services $12,000 · management and general $74,694

• 11f · Fees: investment management

  total $9,863 · management and general $9,863

• 11g · Fees: other

  total $402,146 · program services $328,530 · management and general $23,888 · fundraising $49,728

• 12 · Advertising and promotion

  total $187,769 · program services $102,024 · management and general $76 · fundraising $85,669

• 13 · Office expenses

  total $113,533 · program services $36,351 · management and general $49,974 · fundraising $27,208

• 14 · Information technology

  total $286,688 · program services $220,943 · management and general $22,608 · fundraising $43,137

• 16 · Occupancy

  total $365,571 · program services $254,992 · management and general $36,478 · fundraising $74,101

• 17 · Travel

  total $112,544 · program services $90,943 · management and general $4,528 · fundraising $17,073

• 22 · Depreciation, depletion and amortization

  total $158,646 · program services $111,823 · management and general $35,472 · fundraising $11,351

• 23 · Insurance

  total $33,050 · program services $20,348 · management and general $6,936 · fundraising $5,766

• 24a · Other expenses: FACILITIES RENTAL

  total $250,734 · program services $248,922 · management and general $312 · fundraising $1,500

• 24b · Other expenses: EVENT CATERING

  total $127,072 · program services $127,072

• 24c · Other expenses: BAD DEBT EXPENSE

  total $72,473 · management and general $72,473

• 24d · Other expenses: COMMUNICATIONS

  total $5,918 · program services $4,686 · fundraising $1,232

• 24e · All other expenses

  total -$88,892 · fundraising -$88,892

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,705,849 · end of year $1,695,898

• 2 · Savings and temporary cash investments

  beginning of year $1,554,085 · end of year $1,434,562

• 3 · Pledges and grants receivable

  beginning of year $3,014,978 · end of year $2,737,830

• 4 · Accounts receivable

  beginning of year $141,133 · end of year $89,957

• 9 · Prepaid expenses and deferred charges

  beginning of year $110,266 · end of year $226,618

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

  $2,282,402

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

  $1,701,584

• 10c · Land, buildings and equipment, net

  beginning of year $650,711 · end of year $580,818

• 11 · Investments: publicly traded securities

  beginning of year $2,765,570 · end of year $2,946,421

• 15 · Other assets

  beginning of year $107,736 · end of year $712,232

• 17 · Accounts payable and accrued expenses

  beginning of year $261,452 · end of year $331,306

• 19 · Deferred revenue

  beginning of year $135,190 · end of year $187,798

• 21 · Escrow or custodial account liability

  beginning of year $177,312 · end of year $219,266

• 25 · Other liabilities

  beginning of year $35,397 · end of year $749,484

• 27 · Net assets without donor restrictions

  beginning of year $1,181,762 · end of year $715,238

• 28 · Net assets with donor restrictions

  beginning of year $8,259,215 · end of year $8,221,244

The filer's explanations (Part III)

PART I, LINE 4B

JEFFERY BECKHAM - $12,000 CONTRIBUTED

Disregarded entities

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

• REACH PATHWAYS LLC

  EXPANDING ACCESS TO THE MORE UNDER-RESOUCED STUDENTS THROUGH TECHNOLOGY · IL · income $251,500 · assets -$326,206

  Directly controlled by THE CHICAGO SCHOLARS FOUNDATION