Civic Intelligence

Northeastern Illinois University Foundation

990 • Fiscal year 2020 • EIN 23-7034689

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 15, 2021

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

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.33x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

91st percentile

51%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

23rd percentile

$98,194

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

41st percentile

3.9%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

6.4%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$17,227,903

Up $650,219 (+3.9%) from 2019

Net Assets

Up

$16,289,062

Up $636,262 (+4.1%) from 2019

Liabilities

Up

$938,841

Up $13,957 (+1.5%) from 2019

Revenue

Up

$2,865,650

Up $171,424 (+6.4%) from 2019

Expenses

Down

$1,410,135

Down $395,536 (-22%) from 2019

Net Income

Up

$1,455,515

Up $566,960 (+64%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 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

2020

Assets$17,227,903
Liabilities$938,841
Net Assets$16,289,062

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 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

2020

Revenue$2,865,650
Expenses$1,410,135
Net Income$1,455,515
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 15, 2021
Return Version
2019v5.2
Gross Receipts
$3,874,429
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$13,814,857$13,783,017▼ $31,840
Savings and Temporary Cash Investments$1,641,195$966,995▼ $674,200
Investments Other Securities-$840,682-
Pledges and Grants Receivable$57,967$475,458▲ $417,491
Cash and Non-Interest-Bearing Accounts$180,814$330,601▲ $149,787
Inventories for Sale or Use$8,000$8,000→ $0
Prepaid Expenses and Deferred Charges$6,000$1,206▼ $4,794
Total Assets$16,577,684$17,227,903▲ $650,219
Other Assets Total$868,851$821,944▼ $46,907
Liabilities
Other Liabilities$515,255$486,391▼ $28,864
Escrow Account Liability$397,512$397,942▲ $430
Accounts Payable and Accrued Expenses$12,117$54,508▲ $42,391
Total Liabilities$924,884$938,841▲ $13,957
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,834,898$15,571,022▲ $736,124
Net Assets Without Donor Restrictions$817,902$718,040▼ $99,862
Total Net Assets Fund Balance$15,652,800$16,289,062▲ $636,262
Total Liabilities and Net Assets / Fund Balance$16,577,684$17,227,903▲ $650,219

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$13,286,555$462,939▼ $111,098-$13,494,385
2018$12,248,919$726,529▲ $311,107-$13,286,555
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Liesl DowneyExecutive DirectorPT$98,194$98,194

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,067,568
Program Service Revenue
$0
Investment Income
$732,674
Other Revenue
$65,408
All Other Contributions
$2,050,305
Change in Net Assets
$1,455,515

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$10,283Fair Market Value (FMV)
Other Non Cash Contri Table9$7,067Fair Market Value (FMV)
Other Non Cash Contri Table11$3,610Fair Market Value (FMV)
Other Non Cash Contri Table1$1,500Fair Market Value (FMV)
Other Non Cash Contri Table2$1,462Fair Market Value (FMV)
Other Non Cash Contri Table1$1,000Fair Market Value (FMV)
Works of Art2$750Fair Market Value (FMV)
Other Non Cash Contri Table4$445Fair Market Value (FMV)
Other Non Cash Contri Table3$440Fair Market Value (FMV)
Other Non Cash Contri Table4$412Fair Market Value (FMV)
Other Non Cash Contri Table6$360Fair Market Value (FMV)
Total Noncash Contributions44$27,329-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,811,908
Revenue Not Reported on Financial Statements
$53,742
Revenue Not Reported on Form 990
$-11,337
Total Revenue per Audited Statements
$2,800,571
Total Revenue per Form 990
$2,865,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$783,413
Other Expenses$626,722
Total Fundraising Expense$16,910
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$568,473--$568,473
Fees for Services Other$324,907$1,000-$325,907
Grants to Domestic Orgs$214,940--$214,940
Fees for Service Investment Mgmnt Fees-$53,742-$53,742
Travel$29,901$1,518-$31,419
Fees for Services Accounting-$21,750-$21,750
Office Expenses$10,589$1,479$5,549$17,617
Advertising$15,691-$296$15,987
Conferences and Meetings$3,408$11,878-$15,286
Other Expenses$3,319$550$8,680$12,549
All Other Expenses$5,618$6,372$234$12,224
Total Functional Expenses$1,288,629$104,596$16,910$1,410,135

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,164,309
Total Expenses per Form 990$1,410,135
Expenses per Audited Statements$1,356,393
Expenses Not Reported on Form 990$807,916
Expenses Not Reported on Financial Statements$53,742
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Northeastern Illinois UniversityChicago, IL501(c)(3)TO SUPPORT THE UNIVERSITY'S MISSION IN PROVIDING PROGRAM ASSISTANCE USING DONOR FUNDS$214,940
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$84,883
Fundraising Direct Expenses$19,475
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golden Gala$17,395$13,530-$13,530
Kane Golf Outing$21,635$10,257$2,162$8,095
Total Events$102,146$84,883$19,475$65,408
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$486,391
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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. A portion of the $168,873 w-2 for liesl downey from northeastern illinois university is allocated to the foundation as well as her benefits, as approximately 51% of her time is spent as executive director of the foundation.

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 (51%) 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
2021-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Roskopf
Formed
1969
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
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

Honorarium: program service expenses 87,640. Management and general expenses 0. Fundraising expenses 0. Total expenses 87,640. Program administrators/speakers: program service expenses 135,499. Management and general expenses 1,000. Fundraising expenses 0. Total expenses 136,499. Contractual services: program service expenses 101,768. Management and general expenses 0. Fundraising expenses 0. Total expenses 101,768.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

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 V, LINE 4:

The endowment funds are held by the foundation and are invested to produce income that is used to award scholarships and awards and fund other projects as defined by the donor for the benefit of the university.

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, 2020, 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.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses net against revenues on financial statements

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses net against revenues on financial statements

Raw XML AppendixShowing 400 of 665 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE FOUNDATION PROVIDED THE FOLLOWING SUPPORT TO NORTHEASTERN ILLINOISUNIVERSITY DURING THE FISCAL YEAR ENDED JUNE 30, 2020: 1) THE NEIUFOUNDATION RAISED $2,067,568 IN CONTRIBUTIONS AND GRANTS, OF WHICH$462,939 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 $1,289,634 TO THE UNIVERSITY, WHICHINCLUDED $214,940 FOR THE SUPPORT OF VARIOUS ACADEMIC, GRANT, ANDINSITUTIONAL ACTIVITIES AND $568,473 FOR SCHOLARSHIPS TO STUDENTS, SOMEOF WHOM WOULD NOT OTHERWISE BE ABLE TO BENEFIT FROM THE EXCELLENTEDUCATION AVAILABLE AT NORTHEASTERN 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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