Civic Intelligence

City Colleges of Chicago Foundation

EIN 36-3157624 • 501(c)3 • Chicago, IL

Profile

Fueled by the generosity of Chicago's philanthropic community, the City Colleges of Chicago Foundation raises charitable contributions to support community colleges students from all backgrounds in reaching their academic and career goals.

180 North Wabash Street 200Chicago, IL 60601

foundation.ccc.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.14x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.80x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

44th percentile

2.5%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$362,167

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

86th percentile

22%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-20%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$29,015,943

Up $5,263,941 (+22%) from 2023

Liabilities

Up

$3,981,361

Up $3,658,282 (+1132%) from 2023

Net Assets

Up

$25,034,582

Up $1,605,659 (+6.9%) from 2023

Operations
Liabilities / Revenue74th percentileNet Margin44th percentile

Revenue

Down

$4,975,030

Down $1,218,968 (-20%) from 2023

Expenses

Down

$4,851,892

Down $2,680,287 (-36%) from 2023

Net Income

Up

$123,138

Up $1,461,319 (+109%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth86th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2020: $14,638,271Liabilities 2020: $409,647Net Assets 2020: $14,228,6242020Assets 2021: $22,678,364Liabilities 2021: $1,183,444Net Assets 2021: $21,494,9202021Assets 2022: $24,352,666Liabilities 2022: $483,615Net Assets 2022: $23,869,0512022Assets 2023: $23,752,002Liabilities 2023: $323,079Net Assets 2023: $23,428,9232023Assets 2024: $29,015,943Liabilities 2024: $3,981,361Net Assets 2024: $25,034,5822024

Highlighted filing

2024

Assets$29,015,943
Liabilities$3,981,361
Net Assets$25,034,582
Open 2024 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2020: $7,643,262Expenses 2020: $4,193,450Net Income 2020: $3,449,8122020Revenue 2021: $14,327,610Expenses 2021: $9,012,007Net Income 2021: $5,315,6032021Revenue 2022: $8,962,317Expenses 2022: $6,287,552Net Income 2022: $2,674,7652022Revenue 2023: $6,193,998Expenses 2023: $7,532,179Net Income 2023: -$1,338,1812023Revenue 2024: $4,975,030Expenses 2024: $4,851,892Net Income 2024: $123,1382024

Highlighted filing

2024

Revenue$4,975,030
Expenses$4,851,892
Net Income$123,138
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,015,943
Liabilities
$3,981,361
Net assets
$25,034,582
Revenue
$4,975,030
Expenses
$4,851,892
Net income
$123,138
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.0$3.98$25.0$4.98$4.85$0.12
2023Detailed filing. Detailed filing data is available for this year.$23.8$0.32$23.4$6.19$7.53$1.34
2022Detailed filing. Detailed filing data is available for this year.$24.4$0.48$23.9$8.96$6.29$2.67
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$1.18$21.5$14.3$9.01$5.32
2020Detailed filing. Detailed filing data is available for this year.$14.6$0.41$14.2$7.64$4.19$3.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 17, 2025
Return Version
2023v6.0
Gross Receipts
$5,383,899
Mission and Program Overview

Mission

To provide grants for scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,082,411$15,952,989▲ $1,870,578
Cash and Non-Interest-Bearing Accounts$6,122,882$10,980,180▲ $4,857,298
Pledges and Grants Receivable$3,035,695$1,551,891▼ $1,483,804
Investments Other Securities$500,000$529,165▲ $29,165
Prepaid Expenses and Deferred Charges$1,234$1,245▲ $11
Accounts Receivable$9,780$473▼ $9,307
Total Assets$23,752,002$29,015,943▲ $5,263,941
Liabilities
Other Liabilities$0$3,559,252▲ $3,559,252
Accounts Payable and Accrued Expenses$323,079$422,109▲ $99,030
Total Liabilities$323,079$3,981,361▲ $3,658,282
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,883,385$21,542,564▲ $659,179
Net Assets Without Donor Restrictions$2,545,538$3,492,018▲ $946,480
Total Net Assets Fund Balance$23,428,923$25,034,582▲ $1,605,659
Total Liabilities and Net Assets / Fund Balance$23,752,002$29,015,943▲ $5,263,941

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,883,987-▲ $708,353$442,683$4,149,657
2022$3,477,501$200,000▲ $485,556$279,070$3,883,987
2021$4,747,249-▼ $554,137$715,611$3,477,501
2020$4,150,030-▲ $1,157,526$560,307$4,747,249
2019$4,239,248$1,011▲ $212,745$302,974$4,150,030
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jennifer WilliamsExecutive Director (until 12/18/23)FT$135,093$135,093
Rhonda K BrownPresident (until 7/3/23)FT$94,578$94,578

Board Members and Trustees

NameTitle
Gary L RozierChair
Veronica HerreroPresident
Nicole Johnson-ScalesVice Chair
Marcus HardawayExecutive Director (As of 1/10/24)
Darlene HightowerGeneral Director
Darrell A WilliamsGeneral Director
Dr Quinton WilliamsGeneral Director
Jonathan GloverGeneral Director
Juan SalgadoGeneral Director
Melissa FloresGeneral Director
Norma ManjarrezGeneral Director
Monica BibbsSecretary
Maribel RodriguezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,314,215
Program Service Revenue
$0
Investment Income
$660,815
Other Revenue
$0
All Other Contributions
$4,314,215
Change in Net Assets
$123,138

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,975,030
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,297,692
Total Revenue per Audited Statements
$7,272,722
Total Revenue per Form 990
$4,975,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,503,703
Other Expenses$348,189
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,319,590--$3,319,590
Grants to Domestic Individuals$1,184,113--$1,184,113
Fees for Services Other$244,864$2,355-$247,219
Fees for Services Management$59,592--$59,592
Office Expenses$29,027--$29,027
Other Expenses$10,452--$10,452
Information Technology$1,234--$1,234
Fees for Service Investment Mgmnt Fees-$665-$665
Total Functional Expenses$4,848,872$3,020$0$4,851,892

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,667,063
Expenses per Audited Statements$4,851,892
Total Expenses per Form 990$4,851,892
Expenses Not Reported on Form 990$815,171
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City Colleges of ChicagoChicago, ILGovStudent & Program Support$2,325,628
City Colleges of ChicagoHarold Washington CollegeChicago, ILGovStudent & Program Support$900,834
Temple UniversityPhiladelphia, PA501 (c) (3)To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago$27,000
NAWBO ChicagoChicago, IL501 (c) (6)Goldman Sachs 10,000 Small Business (GSK10KSB) referral sponsorship$17,500
Chicagoland Chamber of CommerceChicago, IL501 (c) (6)To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago$10,000
United Way of Metropolitan ChicagoChicago, IL501 (c) (3)To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago$10,000
Women's Business Development CenterChicago, IL501 (c) (3)To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago$10,000
Chicago Minority Supplier Dev CouncilChicago, IL501 (c) (3)Goldman Sachs 10,000 Small Business (GSK10KSB) referral sponsorship$7,500
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
Due to City Colleges of Chicago$3,559,252
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Several officers and directors of City Colleges of Chicago Foundation ("CCCF") are employed by and work together at City Colleges of Chicago ("CCC") Maribel Rodriguez, CCCF Treasurer and CCC Vice Chancellor/Chief Financial Officer reports to Juan Salgado, Chancellor of CCC and a Director of CCCF, who himself reports to Dr. Walter E. Massey, who is a Director of CCCF and the Chairman of the Board of Trustees at CCC. The CCCF has no employees of its own.”

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

“The Form 990 is distributed via e-mail to the trustees for review and approval prior to filing.”

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

“CCCF's Board of Directors ("Board") approved its conflict of interest policy on July 21, 2009 based on discussions with its external auditors at that time. As stated in Article I of the policy, the policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to non-profit or charitable organizations. Article III, paragraph 2 provides assistance to the Board on determining whether an event or transaction causes a conflict of interest to exist. Finally, Article VII provides for period reviews of events, transactions, compensation, and relationships to ensure that they confirm to the Foundation's written policies, are the result of arm's length bargaining, and do not result in an excess benefit transaction. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted on. The remaining Board or Committee members shall decide if a conflict of interest exists.”

Form 990, Part VI, Section C, line 19

“The Foundation will provide documents to those parties who write the Foundation at the following address: Executive Director, City Colleges of Chicago Foundation, 180 North Wabash Street, Suite 200, Chicago, Illinois 60601”

Filing and Contact Details

Filer

Filer Name
City Colleges of Chicago Foundation
EIN
36-3157624
Phone
3125532821
Address
180 North Wabash Street 200, Chicago, IL 60601

Signing Officer

Name
Maribel Rodriguez
Title
Treasurer
Phone
3125532564
Signed
2025-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Veronica Herrero
Formed
1971
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
30 South Wacker Dr Suite 3300, Chicago, IL 60606-3392
Preparer
Ariel Garcia
Phone
3126343400
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“The donors have requested that the Foundation keep the endowments intact.”

Part X, Line 2:

“The Foundation is exempt from federal income tax under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for such taxes has been recognized in these financial statements. The accounting standard on Accounting for Uncertainty in Income Taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Foundation and the various positions related to the potential sources of unrelated business income tax. There were no unrecognized tax benefits identified or recorded as liabilities during the year ended June 30, 2024. The Foundation files Forms 990 in the U.S. federal jurisdiction and the State of Illinois.”

Raw XML AppendixShowing 400 of 666 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/Form990PartVIISectionAGrp/PersonNm5Melissa Flores
IRS990/Form990PartVIISectionAGrp/PersonNm6Jonathan Glover
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IRS990/Form990PartVIISectionAGrp/PersonNm8Norma Manjarrez
IRS990/Form990PartVIISectionAGrp/PersonNm9Darrell A Williams
IRS990/Form990PartVIISectionAGrp/PersonNm10Dr Quinton Williams
IRS990/Form990PartVIISectionAGrp/PersonNm11Maribel Rodriguez
IRS990/Form990PartVIISectionAGrp/PersonNm12Rhonda K Brown
IRS990/Form990PartVIISectionAGrp/PersonNm13Jennifer Williams
IRS990/Form990PartVIISectionAGrp/PersonNm14Marcus Hardaway
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11189169
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1283068
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13114712
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0General Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5General Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6General Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7General Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8General Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9General Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10General Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12President (until 7/3/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt13Executive Director (until 12/18/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Director (As of 1/10/24)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0146331
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt04503703
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01184113
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01184113
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt03319590
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03319590
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0555200
IRS990/GrossReceiptsAmt05383899
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt01234
IRS990/InformationTechnologyGrp/TotalAmt01234
IRS990/InvestmentIncomeGrp/ExclusionAmt0514484
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0514484
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0500000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0529165
IRS990/InvestmentsPubTradedSecGrp/BOYAmt014082411
IRS990/InvestmentsPubTradedSecGrp/EOYAmt015952989
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0408869
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Fueled by the generosity of Chicago's philanthropic community, the City Colleges of Chicago Foundation raises charitable contributions to support community colleges students from all backgrounds in reaching their academic and career goals.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt023428923
IRS990/NetAssetsOrFundBalancesEOYAmt025034582
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0146331
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0146331
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01482521
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02545538
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03492018
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt029027
IRS990/OfficeExpensesGrp/TotalAmt029027
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Catering
IRS990/OtherExpensesGrp/ProgramServicesAmt010452
IRS990/OtherExpensesGrp/TotalAmt010452
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt03559252
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03035695
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01551891
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01234
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01245
IRS990/PrincipalOfficerNm0Veronica Herrero
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05802726
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt07178830
IRS990/PYInvestmentIncomeAmt0426230
IRS990/PYOtherExpensesAmt0353349
IRS990/PYOtherRevenueAmt0-34958
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1338181
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt07532179
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06193998
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0123138
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04314215
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05802726
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07131871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt012861692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06760650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt036871154
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0815171
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0615274
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0587499
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0562172
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0516022
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt03096138
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0514484
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0354042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0249254
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0220758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0204890
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01543428
IRS990ScheduleA/PublicSupportCY170Pct00.76660
IRS990ScheduleA/PublicSupportPY170Pct00.79140
IRS990ScheduleA/PublicSupportTotal170Amt031821572
IRS990ScheduleA/SubstantialContributorsTotAmt08145720
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05129386
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06418000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07719370
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt013423864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07276672
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt039967292
IRS990ScheduleA/TotalSupportAmt041510720
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03883987
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04149657
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0708353
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0442683
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03477501
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0200000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03883987
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0485556
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0279070
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04747249
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03477501
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-554137
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0715611
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04150030
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04747249
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01157526
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0560307
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04239248
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01011
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04150030
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0212745
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0302974
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0815171
IRS990ScheduleD/DonatedServicesUseFcltsAmt0815171
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0815171
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04851892
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01482521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03559252
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to City Colleges of Chicago
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.52062
IRS990ScheduleD/RevenueNotReportedAmt02297692
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04975030
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The donors have requested that the Foundation keep the endowments intact.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation is exempt from federal income tax under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for such taxes has been recognized in these financial statements. The accounting standard on Accounting for Uncertainty in Income Taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Foundation and the various positions related to the potential sources of unrelated business income tax. There were no unrecognized tax benefits identified or recorded as liabilities during the year ended June 30, 2024. The Foundation files Forms 990 in the U.S. federal jurisdiction and the State of Illinois.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.47938
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt04851892
IRS990ScheduleD/TotalLiabilityAmt03559252
IRS990ScheduleD/TotalRevenuePerForm990Amt04975030
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07272722
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05667063
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt01184113
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01134
IRS990ScheduleI/RecipientTable/CashGrantAmt02325628
IRS990ScheduleI/RecipientTable/CashGrantAmt1900834

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