2024-05-07T10:36:46-05:00 2023-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-07-01 363157624 City Colleges of Chicago Foundation CITY 3125532821 180 North Wabash Street 200 Chicago IL 60601 Maribel Rodriguez Treasurer 3125532564 2024-05-01 1 Maribel Rodriguez XXX-XX-XXXX 1 Ariel Garcia P02244437 3126343400 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Veronica Herrero 180 North Wabash Street 200 Chicago IL 60601 8948188 0 X N/A X 1971 IL To provide grants for scholarships. 9 7 0 0 0 0 7131871 5802726 0 0 1920980 426230 -90534 -34958 8962317 6193998 5252605 7178830 0 0 0 0 30385 0 526 1004562 353349 6287552 7532179 2674765 -1338181 24352666 23752002 483615 323079 23869051 23428923 To provide grants for scholarships. 0 0 7409576 7178831 0 The Foundation is organized and shall be operated exclusively for educational purposes to assist in developing and augmenting the resources and carrying out the educational functions of the City Colleges of Chicago, established and operated by the Board of Trustees of Community College District No. 508, Cook County, State of Illinois, to the end there may be provided in the college's community broader educational opportunities for and service to the student and alumni of the college and the citizens of this state and nation. The Foundation provides scholarships and skilled upgrades to 529 students. 7409576 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 9 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IL X X Maribel Rodriguez 3125532564 180 North Wabash Street 200 Chicago IL 60601 Juan Salgado General Director 1.00 39.00 X 0 278492 75311 Veronica Herrero Chancellor's Designee - Ex Officio 1.00 39.00 X X 0 171792 54046 Gary L Rozier Chair 1.00 0.00 X X 0 0 0 Nicole Johnson-Scales Vice Chair 1.00 0.00 X X 0 0 0 Monica Bibbs General Director 1.00 0.00 X 0 0 0 Karla Gowen General Director 1.00 0.00 X 0 0 0 Bill Lowry General Director 1.00 0.00 X 0 0 0 Norma Manjarrez General Director 1.00 0.00 X 0 0 0 Iliana A Mora General Director until 07/20/22 1.00 0.00 X 0 0 0 Darrell A Williams General Director 1.00 0.00 X 0 0 0 Maribel Rodriguez Treasurer 5.00 35.00 X 0 183292 57664 Rhonda K Brown President 35.00 40.00 X 0 132398 41652 Jennifer Williams Executive Director 35.00 40.00 X 0 93586 29442 0 859560 258115 0 0 1 0 0 82150 5720576 5802726 354042 354042 2769420 2697232 72188 72188 72188 22000 82150 56958 -34958 -34958 6193998 0 0 391272 6479182 6479182 699648 699648 142080 34766 107314 707 707 112801 112079 722 37875 37875 35319 21568 13225 526 10826 10826 552 552 13189 12373 816 7532179 7409576 122077 526 7556400 6122882 0 3035695 4492021 9780 1265 1234 11802980 14082411 500000 500000 24352666 23752002 483615 323079 483615 323079 X 1923610 2545538 21945441 20883385 23869051 23428923 24352666 23752002 -1338181 898053 0 X 0 1 X 1 0 X 3839433 6760650 12861692 7131871 5802726 36396372 323002 516022 562172 587499 615274 2603969 4162435 7276672 13423864 7719370 6418000 39000341 7168658 31831683 195133 204890 220758 249254 354042 1224077 40224418 0.79140 0.86520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3477501 200000 485556 279070 3883987 4747249 -554137 715611 3477501 4150030 1157526 560307 4747249 4239248 1011 212745 302974 4150030 3847509 1682 421919 -31862 4239248 0.00000 0.55623 0.44377 0 0 0 X 7764283 898053 615274 1513327 6250956 -56958 -56958 6193998 8204411 615274 56958 672232 7532179 0 7532179 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, 2023. The Foundation files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. Part XI, Line 4b - Other Adjustments: Net Income from Fundraising Events -56,958. Part XII, Line 2d - Other Adjustments: Net Income from Fundraising Events 56,958. Luncheon 104150 82150 22000 12953 2350 41655 104150 82150 22000 12953 2350 41655 56958 -34958 1 City Colleges of Chicago 180 N Wabash Street Suite 200 Chicago IL 60601 362606236 Gov 5332631 0 Student & Program Support City Colleges of ChicagoHarold Washington College 180 N Wabash Street Suite 200 Chicago IL 60601 362606236 Gov 814881 0 Student & Program Support Children First Fund (Chicago Public Schools) 200 W Madison Street 2nd Floor Chicago IL 60606 364094830 501 (C) (3) 175000 0 This is part of our relationship with CPS to continue the Strategic Roadmap Collaboration United Way of Metropolitan Chicago 333 S Wabash Street 30th Floor Chicago IL 60604 300200478 501 (C) (3) 45670 0 United Way will enter into legal contracts with internet service providers to provide broadband services to students Community Organizing & Family Issues 2245 S Michigan Avenue Chicago IL 60616 364044632 501 (C) (3) 25000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago ENLACE Chicago 2759 S Harding Avenue Chicago IL 60623 363727669 501 (C) (3) 25000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago LIFT Inc 999 N Capitol Street NE Washington DC 20002 522168409 501 (C) (3) 25000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago Brighton Park Neighborhood Council 4477 S Archer Avenue Chicago IL 60632 364229387 501 (C) (3) 10000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago Illinois Hispanic Chamber of Commerce 111 W Washington Blvd Chicago IL 60602 363778777 501 (C) (6) 10000 0 Goldman Sachs 10,000 Small Business (GSK10KSB) referral sponsorship The CARA Program 237 S DesPlaines Street Chicago IL 60661 364268095 501 (C) (3) 10000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago DePaul USA PO Box 756 Chicago IL 60690 352338110 501 (C) (3) 6000 0 Empowerment Level Sponsorship at the De Paul USA Chicago Gala 8 3 Scholarships 529 699648 Part I, Line 2: The Foundation management sets up specific funds based on donor restrictions and conditions. 0 0 0 0 0 0 0 0 0 Juan Salgado General Director 0 278492 0 0 0 0 0 52000 0 23311 0 353803 0 0 Maribel Rodriguez Treasurer 0 183292 0 0 0 0 0 0 0 57664 0 240956 0 0 Veronica Herrero Chancellor's Designee - Ex Officio 0 171792 0 0 0 0 0 0 0 54046 0 225838 0 0 Rhonda K Brown President 0 132398 0 0 0 0 0 0 0 41652 0 174050 0 0 Part I, Line 3 The compensation for the President of City Colleges of Chicago Foundation (CCCF), Rhonda Brown, is determined by the City Colleges Chicago Board of Directors by: Board Approval. The CCCF has no employees. 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 City Colleges of Chicago 180 North Wabash Avenue Suite 200 Chicago IL 60601 362606236 Education-Comm. Coll. IL N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 City Colleges of Chicago B 5332631 Cash