Civic Intelligence

Northeastern Illinois University Foundation

990 • Fiscal year 2018 • EIN 23-7034689

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 14, 2019

5500 North St Louis AvenueChicago, IL 60625

(773) 442-4248

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.07x

Higher debt load relative to assets than 30% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.31x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

18th percentile

$84,198

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$15,391,743

No earlier filing loaded for comparison.

Net Assets

$14,371,979

No earlier filing loaded for comparison.

Liabilities

$1,019,764

No earlier filing loaded for comparison.

Revenue

$3,304,971

No earlier filing loaded for comparison.

Expenses

$1,681,275

No earlier filing loaded for comparison.

Net Income

$1,623,696

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2018: $15,391,743Liabilities 2018: $1,019,764Net Assets 2018: $14,371,9792018Assets 2019: $16,577,684Liabilities 2019: $924,884Net Assets 2019: $15,652,8002019Assets 2020: $17,227,903Liabilities 2020: $938,841Net Assets 2020: $16,289,0622020Assets 2021: $22,910,316Liabilities 2021: $1,034,492Net Assets 2021: $21,875,8242021Assets 2022: $20,665,349Liabilities 2022: $568,893Net Assets 2022: $20,096,4562022Assets 2023: $21,842,970Liabilities 2023: $511,424Net Assets 2023: $21,331,5462023Assets 2025: $26,473,745Liabilities 2025: $617,913Net Assets 2025: $25,855,8322025

Highlighted filing

2018

Assets$15,391,743
Liabilities$1,019,764
Net Assets$14,371,979

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $3,304,971Expenses 2018: $1,681,275Net Income 2018: $1,623,6962018Revenue 2019: $2,694,226Expenses 2019: $1,805,671Net Income 2019: $888,5552019Revenue 2020: $2,865,650Expenses 2020: $1,410,135Net Income 2020: $1,455,5152020Revenue 2021: $2,776,280Expenses 2021: $1,076,448Net Income 2021: $1,699,8322021Revenue 2022: $3,684,372Expenses 2022: $2,196,344Net Income 2022: $1,488,0282022Revenue 2023: $2,438,965Expenses 2023: $2,645,111Net Income 2023: -$206,1462023Revenue 2025: $2,238,728Expenses 2025: $1,938,432Net Income 2025: $300,2962025

Highlighted filing

2018

Revenue$3,304,971
Expenses$1,681,275
Net Income$1,623,696
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 14, 2019
Return Version
2017v2.3
Gross Receipts
$3,304,971
Mission and Program Overview

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.

The 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,455,701$12,413,863▲ $958,162
Cash and Non-Interest-Bearing Accounts$420,755$817,020▲ $396,265
Savings and Temporary Cash Investments$442,879$653,180▲ $210,301
Pledges and Grants Receivable$159,714$521,521▲ $361,807
Investments Other Securities$76,062$99,980▲ $23,918
Inventories for Sale or Use$8,000$8,000→ $0
Total Assets$13,009,697$15,391,743▲ $2,382,046
Other Assets Total$446,586$878,179▲ $431,593
Liabilities
Other Liabilities$286,301$605,093▲ $318,792
Escrow Account Liability$382,797$397,318▲ $14,521
Accounts Payable and Accrued Expenses$61,241$17,353▼ $43,888
Total Liabilities$730,339$1,019,764▲ $289,425
Net Assets / Fund Balance
Permanently Rstr Net Assets$10,197,228$11,752,694▲ $1,555,466
Temporarily Rstr Net Assets$1,340,332$1,837,641▲ $497,309
Unrestricted Net Assets$741,798$781,644▲ $39,846
Total Net Assets Fund Balance$12,279,358$14,371,979▲ $2,092,621
Total Liabilities and Net Assets / Fund Balance$13,009,697$15,391,743▲ $2,382,046

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$878,179--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$10,692,773$1,184,040▲ $405,060-$12,248,919
2016$9,029,505$527,760▲ $1,135,508-$10,692,773
2015$9,233,619$474,399▼ $655,756-$9,029,505
2014$8,195,754$1,244,104▼ $199,433-$9,233,619
2013$6,653,240$478,344▲ $1,064,170-$8,195,754
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Liesl DowneyExecutive DirectorPT$84,198$84,198

Board Members and Trustees

NameTitle
John RoskopfPresident
Lawrence P FrankVice President
Dirk TussingDirector
J Todd PhillipsDirector
Jacqueline KrumpDirector
Jagannath BobjiDirector
Marcellus H Moore JrDirector
Melanny BuitronDirector
Olga CamargoDirector
Rodrigo GarciaDirector
Salme Harju SteinbergDirector
Sharon K HahsDirector
William PollakovDirector
Mark Van AusdalSecretary
Kenn AshleyTreasurer Since 1/30/18
Neal FenwickTreasurer Until 1/30/18
Revenue and Support

Revenue Composition

Contributions and Grants
$2,684,666
Program Service Revenue
$102,920
Investment Income
$512,819
Other Revenue
$4,566
All Other Contributions
$2,684,666
Change in Net Assets
$1,623,696

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$259,586Fair Market Value (FMV)
Other Non Cash Contri Table19$10,943Fair Market Value (FMV)
Books and Publications-$8,892Fair Market Value (FMV)
Other Non Cash Contri Table21$4,114Fair Market Value (FMV)
Other Non Cash Contri Table20$1,519Fair Market Value (FMV)
Other Non Cash Contri Table2$1,070Fair Market Value (FMV)
Other Non Cash Contri Table2$544Fair Market Value (FMV)
Total Noncash Contributions65$286,668-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,254,275
Revenue Not Reported on Financial Statements
$50,696
Revenue Not Reported on Form 990
$474,670
Total Revenue per Audited Statements
$3,728,945
Total Revenue per Form 990
$3,304,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,028,222
Other Expenses$653,053
Total Fundraising Expense$71,003
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$712,555--$712,555
Grants to Domestic Individuals$315,667--$315,667
Fees for Services Other$280,154$12,555-$292,709
Fees for Service Investment Mgmnt Fees-$50,696-$50,696
All Other Expenses$26,288$1,511$1,427$29,226
Travel$25,057$70$282$25,409
Office Expenses$7,164$9,461$6,444$23,069
Advertising$18,605--$18,605
Other Expenses$14,164$1,973$971$17,108
Fees for Services Accounting-$16,945-$16,945
Conferences and Meetings$10,167$685$2,738$13,590
Total Functional Expenses$1,489,530$120,742$71,003$1,681,275

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,987,500
Total Expenses per Form 990$1,681,275
Expenses per Audited Statements$1,630,579
Expenses Not Reported on Form 990$356,921
Expenses Not Reported on Financial Statements$50,696
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Northeastern Illinois UniversityChicago, ILState of IllinoisTO SUPPORT THE UNIVERSITY'S MISSION IN PROVIDING PROGRAM ASSISTANCE USING AUTHORIZED DONOR ADVISED FUNDS$379,472
Ensemble EspanolChicago, IL501(c)(3)TO SUPPORT RESIDENT NFP DANCE COMPANY'S MISSION$333,083
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Split-interest Agreements$605,093
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The foundation's executive director, president and treasurer review the 990 and it is provided to the full board prior to its filing.

Form 990, Part VI, Section B, Line 12C

The foundation requires an annual assessment of any potential conflicts of interest. The board members would disclose any conflicts they have that arise after completing the annual assessments and they would be dealt with accordingly.

Form 990, Part VI, Section B, Line 15

The foundation has no employees and there are no compensated officers, other than the executive director who is compensated by northeastern illnois university..

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, conflict of interest policy and financial statements available upon request.

Form 990, Part VII, Section A

Liesl downey, the executive director of the foundation, is an employee of and compensated by northeastern illinois university. A portion of her time (40%) is dedicated to the foundation and the respective amounts for salary, retirement and other nontaxable benefits have been allocated for purposes of the foundation's return.

Filing and Contact Details

Filer

Filer Name
Northeastern Illinois University
EIN
23-7034689
Phone
7734424248
Address
5500 NORTH ST LOUIS AVENUE, CHICAGO, IL 60625

Signing Officer

Name
John Roskopf
Title
President
Phone
7734424248
Signed
2019-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Roskopf
Formed
1969
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
14

Preparer

Firm
Warady & Davis Llp
Address
1717 DEERFIELD RD SUITE 300S, DEERFIELD, IL 60015
Preparer
Susan Greggo
Phone
8472679600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 65,854. Management and general expenses 9,075. Fundraising expenses 0. Total expenses 74,929. Honorarium: program service expenses 128,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 128,700. Other professional fees: program service expenses 0. Management and general expenses 3,480. Fundraising expenses 0. Total expenses 3,480. Performers: program service expenses 49,035. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,035. Program administrators: program service expenses 36,565. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,565.

FORM 990, PART XII, LINE 2C:

The foundation has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an indpendent accountant which includes the treasurer and board members

Financial Statement Notes

PART IV, LINE 2B:

The foundation is fiscal agent for the gaining early awareness and readiness for undergraduate program ("gear up") scholarship fund.

PART X, LINE 2:

The foundation follows the guidance in the fasb codification topic related to uncertainty in income taxes which prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements uncertain tax positions that the foundation has taken or expects to take in its tax returns. Under the guidance, the foundation may recognize the tax benefit from an uncertain tax position only if it is "more likely than not" that it is sustainable, based on its technical merits. Management has evaluated their material tax positions, which include such matters as the tax exempt status of the foundation and various positions relative to potential sources of unrelated business income. Management has analyzed the tax positions taken by the foundation and has concluded that as of june 30, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The foundation believes that it has appropriate support for the positions taken on its returns.

Raw XML AppendixShowing 400 of 607 raw XML fields

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IRS990/Desc0THE FOUNDATION PROVIDED THE FOLLOWING SUPPORT TO NORTHEASTERN ILLINOISUNIVERSITY DURING THE FISCAL YEAR ENDED JUNE 30, 2018: 1) THE NEIUFOUNDATION RAISED $2,684,666 IN CONTRIBUTIONS AND GRANTS, OF WHICH$938,216 WERE RESTRICTED TO THE FOUNDATION'S ENDOWMENT TO BENEFITFUTURE STUDENTS AND UNIVERSITY OPERATIONS, INCLUDING ACADEMIC ANDCULTURAL PROGRAMS, COLLEGES, DEPARTMENTS AND OTHER UNITS; 2) THE NEIUFOUNDATION PROVIDED A TOTAL OF $1,963,804 TO THE UNIVERSITY, WHICHINCLUDED $712,555 FOR THE SUPPORT OF VARIOUS ACADEMIC, GRANT, ANDINSITUTIONAL ACTIVITIES AND $315,667 FOR SCHOLARSHIPS TO STUDENTS, SOMEOF WHOM WOULD NOT OTHERWISE BE ABLE TO BENEFIT FROM THE EXCELLENTEDUCATION AVAILABLE AT NORTEASTERN ILLINOIS UNIVERSITY. MOSTNORTHEASTERN STUDENTS (70%) RECEIVE FINANCIAL AID OF SOME KIND, AND A CRITICAL PART OF THIS SUPPORT COMES FROM PRIVATE DONATIONS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER UNTIL 1/30/18
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER SINCE 1/30/18
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/MissionDesc0THE 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.
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