Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $700

• 1c · Fundraising events

  $1,161,929

• 1e · Government grants (contributions)

  $490,346

• 1f · All other contributions, gifts and grants

  $21,944,434

• 1g · Noncash contributions included above

  $4,111,187

• 2a · Program service revenue: SUPPLEMENT PAYMENT FROM SIU

  total $68,299 · related or exempt $68,299

• 2b · Program service revenue: ENDOWMENT ADMIN FEE FROM AGENCY

  total $39,142 · related or exempt $39,142

• 3 · Investment income

  total $6,811,876 · unrelated business $244,410 · excluded $6,567,466

• 5 · Royalties

  total $840 · excluded $840

• 6a · Gross rents

  real property $29,990

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $29,990

• 6d · Net rental income or loss

  total $29,990 · excluded $29,990

• 7a · Gross sales of assets other than inventory

  securities $20,945,745

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

  securities $6,517,700

• 7c · Gain or loss

  securities $14,428,045

• 7d · Net gain or loss

  total $14,428,045 · unrelated business -$77,552 · excluded $14,505,597

• 8a · Fundraising events: gross income

  $237,290

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

  $1,161,929

• 8b · Fundraising events: direct expenses

  $289,767

• 8c · Net income from fundraising events

  total -$52,477 · excluded -$52,477

• 9a · Gaming: gross income

  $21,670

• 9b · Gaming: direct expenses

  $17,908

• 9c · Net income from gaming

  total $3,762 · excluded $3,762

• 11a · Other revenue: PREMIUMS

  total $18,794 · excluded $18,794

• 11b · Other revenue: PREMIUMS ON LIFE INSURANCE

  total $8,140 · excluded $8,140

• 11c · Other revenue: OTHER SOURCES

  total $6,272 · excluded $6,272

• 11e · Other revenue, total

  $33,206

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,064,898 · program services $10,064,898

• 2 · Grants to domestic individuals

  total $5,775,880 · program services $5,775,880

• 7 · Other salaries and wages

  total $65,883 · management and general $44,415 · fundraising $21,468

• 9 · Other employee benefits

  total $19,702 · program services $13,970 · fundraising $5,732

• 10 · Payroll taxes

  total $4,686 · management and general $3,773 · fundraising $913

• 11b · Fees: legal

  total $15,040 · management and general $15,040

• 11c · Fees: accounting

  total $42,980 · management and general $42,980

• 11f · Fees: investment management

  total $1,032,757 · management and general $1,032,757

• 11g · Fees: other

  total $816,908 · program services $387,231 · management and general $251,307 · fundraising $178,370

• 12 · Advertising and promotion

  total $191,854 · program services $67,427 · fundraising $124,427

• 13 · Office expenses

  total $801,290 · program services $261,567 · management and general $195,889 · fundraising $343,834

• 14 · Information technology

  total $760,073 · program services $116,096 · management and general $381,889 · fundraising $262,088

• 16 · Occupancy

  total $240,825 · program services $40,943 · management and general $191,265 · fundraising $8,617

• 17 · Travel

  total $705,826 · program services $322,753 · management and general $13,685 · fundraising $369,388

• 19 · Conferences, conventions and meetings

  total $940,232 · program services $464,448 · management and general $36,994 · fundraising $438,790

• 22 · Depreciation, depletion and amortization

  total $44,539 · management and general $44,539

• 23 · Insurance

  total $37,628 · program services $4,832 · management and general $32,796

• 24a · Other expenses: PROGRAM SUPPLIES

  total $3,137,630 · program services $3,137,630

• 24b · Other expenses: UNRELATED BUSINESS INCO

  total $41,107 · management and general $41,107

• 24c · Other expenses: FUNDRAISING EXPENSES

  total $23,273 · fundraising $23,273

• 24d · Other expenses: PREMIUM ITEMS FOR SALE

  total $8,771 · program services $8,771

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $101 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $228,354 · end of year $281,811

• 3 · Pledges and grants receivable

  beginning of year $18,340,961 · end of year $19,638,452

• 4 · Accounts receivable

  beginning of year $272,955 · end of year $429,547

• 8 · Inventories for sale or use

  beginning of year $8,280 · end of year $4,529

• 9 · Prepaid expenses and deferred charges

  beginning of year $202,258 · end of year $194,575

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

  $20,639,483

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

  $1,250,613

• 10c · Land, buildings and equipment, net

  beginning of year $3,092,265 · end of year $19,388,870

• 11 · Investments: publicly traded securities

  beginning of year $203,263,515 · end of year $217,681,159

• 12 · Investments: other securities

  beginning of year $59,490,753 · end of year $57,861,707

• 15 · Other assets

  beginning of year $2,274,984 · end of year $2,388,517

• 17 · Accounts payable and accrued expenses

  beginning of year $196,036 · end of year $3,122,451

• 21 · Escrow or custodial account liability

  beginning of year $2,972,534 · end of year $3,149,312

• 25 · Other liabilities

  beginning of year $1,200,835 · end of year $1,130,536

• 27 · Net assets without donor restrictions

  beginning of year $24,740,316 · end of year $27,980,823

• 28 · Net assets with donor restrictions

  beginning of year $258,064,705 · end of year $282,486,045

The filer's explanations (Part III)

PART I, LINE 5

MATTHEW KUPEC, CYNTHIA CIGANOVICH AND JEFFERY GLEIM RECEIVED BONUSES DURING THE 2024 TAX YEAR BASED ON THE FOUNDATION'S FUNDRAISING CAMPAIGN REACHING A CERTAIN DOLLAR VALUE. THE EXECUTIVE COMMITTEE ALSO AUTHORIZED A BONUS FOR MATT KUPEC IN THE AMOUNT OF $124,194, FOR AUSTIN LANE IN THE AMOUNT OF $65,000 AND FOR DANIEL MAHONY IN THE AMOUNT OF $115,000.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (4)

  T · INVESTMENT · IL

  Directly controlled by SOUTHERN ILLINOIS UNIVERSITY FOUNDATION