Civic Intelligence

The Drexel Fund

990PF • Fiscal year 2024 • EIN 46-5768451

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 11, 2025

424 S Michigan St 1214South Bend, IN 46601

(908) 612-9108

Siviq Scores

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

Liabilities / Assets

37th percentile

0.08x

Higher debt load relative to assets than 37% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.19x

Higher debt load relative to revenue than 45% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$288,746

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

84th percentile

23%

Faster asset growth than 84% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

76%

Faster revenue growth than 89% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$21,553,287

Up $4,099,892 (+23%) from 2023

Net Assets

Up

$19,789,481

Up $3,559,087 (+22%) from 2023

Liabilities

Up

$1,763,806

Up $540,805 (+44%) from 2023

Revenue

Up

$9,256,327

Up $4,009,917 (+76%) from 2023

Expenses

Up

$5,722,240

Up $2,232,047 (+64%) from 2023

Net Income

Up

$3,534,087

Up $1,777,870 (+101%) from 2023

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $445,366Liabilities 2015: $02015Assets 2016: $4,654,225Liabilities 2016: $2,242,525Net Assets 2016: $2,411,7002016Assets 2017: $5,131,880Liabilities 2017: $2,908,157Net Assets 2017: $2,223,7232017Assets 2018: $8,589,665Liabilities 2018: $5,925,670Net Assets 2018: $2,663,9952018Assets 2019: $9,385,438Liabilities 2019: $7,055,510Net Assets 2019: $2,329,9282019Assets 2020: $15,503,287Liabilities 2020: $2,254,468Net Assets 2020: $13,248,8192020Assets 2021: $18,531,220Liabilities 2021: $970,936Net Assets 2021: $17,560,2842021Assets 2022: $18,444,694Liabilities 2022: $774,812Net Assets 2022: $17,669,8822022Assets 2023: $17,453,395Liabilities 2023: $1,223,001Net Assets 2023: $16,230,3942023Assets 2024: $21,553,287Liabilities 2024: $1,763,806Net Assets 2024: $19,789,4812024

Highlighted filing

2024

Assets$21,553,287
Liabilities$1,763,806
Net Assets$19,789,481

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $175,929Expenses 2015: $251,886Net Income 2015: -$75,9572015Revenue 2016: $5,723,226Expenses 2016: $3,768,618Net Income 2016: $1,954,6082016Revenue 2017: $3,212,150Expenses 2017: $3,400,127Net Income 2017: -$187,9772017Revenue 2018: $6,235,626Expenses 2018: $5,795,354Net Income 2018: $440,2722018Revenue 2019: $4,393,125Expenses 2019: $4,727,192Net Income 2019: -$334,0672019Revenue 2020: $10,554,023Expenses 2020: $4,425,130Net Income 2020: $6,128,8932020Revenue 2021: $8,522,964Expenses 2021: $4,211,499Net Income 2021: $4,311,4652021Revenue 2022: $3,582,861Expenses 2022: $3,474,341Net Income 2022: $108,5202022Revenue 2023: $5,246,410Expenses 2023: $3,490,193Net Income 2023: $1,756,2172023Revenue 2024: $9,256,327Expenses 2024: $5,722,240Net Income 2024: $3,534,0872024

Highlighted filing

2024

Revenue$9,256,327
Expenses$5,722,240
Net Income$3,534,087
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Mission and Program Overview

Mission

The drexel fund is a venture philanthropy fund that invests and partners in the growth of high quality, financially sustainable networks of faith based and other private schools.

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN ERIKSENChairmanFT$275,783$12,963$288,746
MARK GLEASONManaging PartnerFT$240,000$19,790$259,790
BJ CASSINChairman Emeritus-$0--
THOMAS J HEALEYTreasurer-$0--
NICK HOWLEYTrustee-$0--
DARREN JACKSONSecretary-$0--
MICHAEL MESSNERTrustee-$0--
DARLA ROMFOTrustee-$0--
ABIGAIL SCHUMWINGERTrustee-$0--
CHRISTOPHER WILSONTrustee-$0--
Filing and Contact Details

Filer

Filer Name
The Drexel Fund
EIN
46-5768451
Phone
9086129108
Address
424 S MICHIGAN ST 1214, SOUTH BEND, IN 46601

Signing Officer

Name
Mark Gleason
Title
Managing Partner
Phone
9086129108
Signed
2025-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Cliftonlarsonallen Llp
Address
10401 W INNOVATION DR STE 300, WAUWATOSA, WI 53226
Preparer
Kristen Donlevy
Phone
4144761880
Raw XML AppendixShowing 400 of 1,000 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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