2023-11-03T12:45:49-05:00 2023-06-30 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2022-07-01 237034689 NORTHEASTERN ILLINOIS UNIVERSITY FOUNDATION NORT 7734424248 5500 NORTH ST LOUIS AVENUE CHICAGO IL 60625 OLGA CAMARGO PRESIDENT 7734424248 2023-11-03 1 OLGA CAMARGO 999009999 0 KOSTA G TCHOBANOV P01302744 8472679600 2023-11-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z OLGA CAMARGO 5500 NORTH ST LOUIS AVENUE CHICAGO IL 60625 3744093 0 X WWW.NEIU.EDU X 1969 IL THE FOUNDATION'S 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. 10 10 0 24 0 0 2898441 2123169 38168 29459 743747 291159 4016 -4822 3684372 2438965 1497332 1831523 0 0 0 0 0 0 24589 699012 813588 2196344 2645111 1488028 -206146 20665349 21842970 568893 511424 20096456 21331546 X 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. 0 0 2501522 1831523 36968 THE FOUNDATION PROVIDED THE FOLLOWING SUPPORT TO NORTHEASTERN ILLINOIS UNIVERSITY DURING THE FISCAL YEAR ENDED JUNE 30, 2023: 1) THE NEIU FOUNDATION RAISED $2,163,873 IN CONTRIBUTIONS AND GRANTS, OF WHICH$438,487 WERE RESTRICTED TO THE FOUNDATION'S ENDOWMENT TO BENEFIT FUTURE STUDENTS AND UNIVERSITY OPERATIONS, INCLUDING ACADEMIC AND CULTURAL PROGRAMS, COLLEGES, DEPARTMENTS AND OTHER UNITS; 2) THE NEIUFOUNDATION PROVIDED $827,561 TO THE UNIVERSITY, WHICH INCLUDED $669,999 FOR THE SUPPORT OF VARIOUS ACADEMIC, GRANT, AND INSITUTIONAL ACTIVITIES. IN ADDITION, THE FOUNDATION PROVIDED $941,946 OF SCHOLARSHIPS TO STUDENTS, SOME OF WHOM WOULD NOT OTHERWISE BE ABLE TO BENEFIT FROM THE EXCELLENT EDUCATION AVAILABLE AT NORTHEASTERN ILLINOIS UNIVERSITY. MOST NORTHEASTERN STUDENTS (70%) RECEIVE FINANCIAL AID OF SOME KIND, AND A CRITICAL PART OF THIS SUPPORT COMES FROM PRIVATE DONATIONS. 2501522 1 1 0 0 0 0 0 0 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 72 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X MELVA ACEVEDO-RYAN 7734424248 5500 NORTH ST LOUIS AVENUE CHICAGO IL 60625 X OLGA CAMARGO PRESIDENT 1.00 X X 0 0 0 JAGANNATH BOBJI TREASURER 1.00 X X 0 0 0 PATRICK SHINE SECRETARY 1.00 X X 0 0 0 JOHN ROSKOPF PRESIDENT UNTIL JANUARY 2023 1.00 X X 0 0 0 KENN ASHLEY TREASURER UNTIL JANUARY 2023 1.00 X X 0 0 0 MARK VAN AUSDAL SECRETARY UNTIL JANUARY 2023 1.00 X X 0 0 0 RODRIGO GARCIA DIRECTOR 1.00 X 0 0 0 SHARON K HAHS DIRECTOR 1.00 X 0 0 0 MARCELLUS H MOORE JRESQ DIRECTOR 1.00 X 0 0 0 SALME HARJU STEINBERG DIRECTOR 1.00 X 0 0 0 GREGG FRIEDMAN DIRECTOR 1.00 X 0 0 0 JAIME DI PAULO DIRECTOR 1.00 X 0 0 0 MARGARET LAURINO DIRECTOR 1.00 X 0 0 0 J TODD PHILLIPS DIRECTOR UNTIL JANUARY 2023 1.00 X 0 0 0 LIESL DOWNEY EXECUTIVE DIRECTOR 20.00 X 0 79154 10806 0 79154 10806 0 0 0 0 0 96932 2026237 24090 2123169 EVENT ADMISSIONS 900099 29459 29459 29459 447914 447914 1103974 1260729 -156755 -156755 -156755 32068 96932 44399 -12331 -12331 OTHER REVENUE 900099 7509 7509 7509 2438965 36968 0 278828 X 107595 107595 1723928 1723928 33560 33560 49717 49717 478940 475970 2970 1983 1983 15462 14061 960 441 71798 55431 14929 1438 19625 16092 2131 1402 EVENT EXPENSES 61400 52947 7708 745 MISCELLANEOUS 30518 27664 1007 1847 DONOR CULTIVATION & STE 29283 11103 475 17705 PROGRAM SUPPLIES 10218 10218 11084 4530 5543 1011 2645111 2501522 119000 24589 480024 66047 2816278 2070060 201150 548150 8000 8000 1112 0 2028817 2318028 14277752 15917158 852216 915527 20665349 21842970 26488 8675 65366 12600 477039 490149 568893 511424 X 1074525 976507 19021931 20355039 20096456 21331546 20665349 21842970 -206146 1441236 0 X X 0 1 X 1 0 X 2342554 2093881 2288399 2898441 2233805 11857080 688739 762128 784045 665522 659063 3559497 3031293 2856009 3072444 3563963 2892868 15416577 1642403 13774174 534886 557038 459701 610609 447914 2610148 745 14628 10190 7509 33072 18059797 364490 0.76270 0.74690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 15563784 438487 1721466 374156 107734 17241847 17964910 609170 -2639716 259605 110975 15563784 13494385 498879 4128547 151352 5549 17964910 13286555 462939 -111098 139594 4417 13494385 12248919 726529 311107 13286555 0.02887 0.85957 0.11156 1 0 0 AMERICAN FUNDS EURO PACIFIC GROWTH FUND 1742366 F BLACKROCK DYNAMIC FIXED BOND FUND 709163 F CERTIFICATES OF DEPOSIT 646635 C DODGE AND COX BROAD DOMESTIC FIXED BOND FUND 2647249 F DODGE AND COX INTERNATIONAL STOCK FUND 1742763 F DWS BROAD REAL ASSETS BOND FUND 651550 F VANGUARD 500 INDEX 5653376 F VANGUARD SMALL CAP INDEX 2124056 F 15917158 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 490149 490149 X 4574650 1441236 699767 2141003 2433647 49717 -44399 5318 2438965 3339560 699767 44399 744166 2595394 49717 49717 2645111 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, 2022, 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 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NET AGAINST REVENUES ON 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NET AGAINST REVENUES ON 990 KANE GOLF OUTING 37798 22310 15488 775 16201 10136 GALA 91202 74622 16580 15673 1500 114 129000 96932 32068 775 16201 15673 1500 10250 44399 -12331 1 NORTHEASTERN ILLINOIS UNIVERSITY 5500 N SAINT LOUIS AVENUE CHICAGO IL 60625 237034689 501(C)(3) 107595 0 TO SUPPORT THE UNIVERSITY'S MISSION IN PROVIDING PROGRAM ASSISTANCE USING DONOR FUNDS 1 SCHOLARSHIP, RESEARCH PROJECTS AND GENERAL ACADEMIC FUNDING 595 834351 PRISON AND NEIGHBORHOOD ARTS PROJECT AWARDS 33 555932 TRUTH TELLING PROJECT-WELLNESS 7 32480 TRUTH TELLING PROJECT-MACARTHUR 28 301165 PART I, LINE 2: FUNDS ARE DISBURSED TO REGISTERED NEIU STUDENTS WHO ARE JUDGED QUALIFIED TO RECEIVE FINANCIAL ASSISTANCE BY MEETING CRITERIA OF NEIU SCHOLARSHIP COMMITTEE OR TO FACULTY MEMBERS WHOSE RESEARCH PROJECTS REQUIRE FUNDING AS JUDGED BY THE OFFICE OF ACADEMIC AFFAIRS OR TO GENERAL ACADEMIC FUNDS AS SPECIFIED BY THE DONOR. 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 (45.5%) 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 AND INCLUDED ON PART VII, SECTION A, P. 7. THESE ARE NOT INCLUDED IN THE FUNCTIONAL EXPENSES ON PART IX, P. 10 AS THEY ARE DONATED BY THE UNIVERSITY. FORM 990, PART IX, LINE 11G HONORARIUM: PROGRAM SERVICE EXPENSES 26,645. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,645. PROGRAM ADMIN-TRUTH TELLING, PNAP, ENSEMBLE, AND WRITING PROJECT: PROGRAM SERVICE EXPENSES 400,675. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 400,675. CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 25,400. MANAGEMENT AND GENERAL EXPENSES 466. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,866. CONSULTING: PROGRAM SERVICE EXPENSES 23,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,250. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,504. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,504. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHEASTERN ILLINOIS UNIVERSITY 5500 N SAINT LOUIS AVENUE CHICAGO IL 60625 237034689 PUBLIC UNIVERSITY EDUCATION IL 501(C)(3) LINE 6 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0