Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $93,706

• 1f · All other contributions, gifts and grants

  $4,664,758

• 3 · Investment income

  total $578,149 · excluded $578,149

• 7a · Gross sales of assets other than inventory

  securities $3,209,812

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

  securities $1,254,652

• 7c · Gain or loss

  securities $1,955,160

• 7d · Net gain or loss

  total $1,955,160 · excluded $1,955,160

• 8a · Fundraising events: gross income

  $3,360

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

  $93,706

• 8b · Fundraising events: direct expenses

  $117,770

• 8c · Net income from fundraising events

  total -$114,410 · excluded -$114,410

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,061,648 · program services $6,061,648

• 2 · Grants to domestic individuals

  total $1,957,585 · program services $1,957,585

• 11a · Fees: management

  total $67,637 · management and general $67,637

• 11c · Fees: accounting

  total $128 · program services $13 · management and general $115

• 11f · Fees: investment management

  total $101 · program services $101

• 11g · Fees: other

  total $6,411 · program services $500 · fundraising $5,911

• 12 · Advertising and promotion

  total $1,677 · program services $1,677

• 13 · Office expenses

  total $4,862 · program services $4,862

• 14 · Information technology

  total $94,576 · program services $32,321 · management and general $62,255

• 16 · Occupancy

  total $3,750 · program services $3,750

• 17 · Travel

  total $2,879 · program services $2,879

• 24a · Other expenses: Telephone poles (for ut

  total $27,344 · program services $27,344

• 24b · Other expenses: Catering

  total $20,863 · program services $20,579 · management and general $148 · fundraising $136

• 24c · Other expenses: Bank & Credit Card Fees

  total $9,531 · management and general $9,531

• 24d · Other expenses: Miscellaneous

  total $2,584 · program services $2,584

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,980,180 · end of year $8,010,068

• 3 · Pledges and grants receivable

  beginning of year $1,551,891 · end of year $666,792

• 4 · Accounts receivable

  beginning of year $473 · end of year $2,368

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,245 · end of year $20,116

• 11 · Investments: publicly traded securities

  beginning of year $15,952,989 · end of year $18,065,836

• 12 · Investments: other securities

  beginning of year $529,165 · end of year $479,451

• 17 · Accounts payable and accrued expenses

  beginning of year $422,109 · end of year $32,852

• 25 · Other liabilities

  beginning of year $3,559,252 · end of year $3,559,252

• 27 · Net assets without donor restrictions

  beginning of year $3,492,018 · end of year $4,747,082

• 28 · Net assets with donor restrictions

  beginning of year $21,542,564 · end of year $18,905,445

The filer's explanations (Part III)

Part I, Line 3

The compensation for the President of City Colleges of Chicago Foundation (CCCF), Veronica Herrero, is determined by the City Colleges Chicago Board of Directors by: Board Approval. The CCCF has no employees.