2025-04-28T10:21:04-05:00 2024-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2023-07-01 363157624 City Colleges of Chicago Foundation CITY 3125532821 180 North Wabash Street 200 Chicago IL 60601 Maribel Rodriguez Treasurer 3125532564 2025-04-17 1 1 Ariel Garcia P02244437 3126343400 2025-04-17 2023 2025-03-06 01:10:19Z Veronica Herrero 180 North Wabash Street 200 Chicago IL 60601 5383899 0 X foundation.ccc.edu X 1971 IL To provide grants for scholarships. 11 9 0 0 0 0 5802726 4314215 0 0 426230 660815 -34958 0 6193998 4975030 7178830 4503703 0 0 0 0 0 0 0 353349 348189 7532179 4851892 -1338181 123138 23752002 29015943 323079 3981361 23428923 25034582 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. 0 0 4848872 4503703 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 1,134 students. 4848872 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 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 X 11 9 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 279741 82426 Veronica Herrero President 15.00 25.00 X X 0 189602 30426 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 Secretary 1.00 0.00 X X 0 0 0 Melissa Flores General Director 1.00 0.00 X 0 0 0 Jonathan Glover General Director 1.00 0.00 X 0 0 0 Darlene Hightower General Director 1.00 0.00 X 0 0 0 Norma Manjarrez General Director 1.00 0.00 X 0 0 0 Darrell A Williams General Director 1.00 0.00 X 0 0 0 Dr Quinton Williams General Director 1.00 0.00 X 0 0 0 Maribel Rodriguez Treasurer 5.00 35.00 X 0 189169 7319 Rhonda K Brown President (until 7/3/23) 40.00 0.00 X 0 83068 11510 Jennifer Williams Executive Director (until 12/18/23) 40.00 0.00 X 0 114712 20381 Marcus Hardaway Executive Director (As of 1/10/24) 40.00 0.00 X 0 0 0 0 856292 152062 0 0 1 0 0 4314215 4314215 514484 514484 555200 408869 146331 146331 146331 4975030 0 0 660815 3319590 3319590 1184113 1184113 59592 59592 665 665 247219 244864 2355 29027 29027 1234 1234 Catering 10452 10452 4851892 4848872 3020 0 6122882 10980180 3035695 1551891 9780 473 1234 1245 14082411 15952989 500000 529165 23752002 29015943 323079 422109 0 3559252 323079 3981361 X 2545538 3492018 20883385 21542564 23428923 25034582 23752002 29015943 123138 1482521 0 X 0 1 X 1 0 X 6760650 12861692 7131871 5802726 4314215 36871154 516022 562172 587499 615274 815171 3096138 7276672 13423864 7719370 6418000 5129386 39967292 8145720 31821572 204890 220758 249254 354042 514484 1543428 41510720 0.76660 0.79140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3883987 708353 442683 4149657 3477501 200000 485556 279070 3883987 4747249 -554137 715611 3477501 4150030 1157526 560307 4747249 4239248 1011 212745 302974 4150030 0.00000 0.52062 0.47938 0 0 0 Due to City Colleges of Chicago 3559252 3559252 X 7272722 1482521 815171 2297692 4975030 0 4975030 5667063 815171 815171 4851892 0 4851892 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. 1 City Colleges of Chicago 180 N Wabash Street Suite 200 Chicago IL 60601 362606236 Gov 2325628 0 Student & Program Support City Colleges of ChicagoHarold Washington College 180 N Wabash Street Suite 200 Chicago IL 60601 362606236 Gov 900834 0 Student & Program Support Temple University 1805 North Broad Wachman Hall 1108 Philadelphia PA 19122 231365971 501 (C) (3) 27000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago NAWBO Chicago 4055 West Peterson Avenue Chicago IL 60646 363610441 501 (C) (6) 17500 0 Goldman Sachs 10,000 Small Business (GSK10KSB) referral sponsorship Chicagoland Chamber of Commerce 410 North Michigan Avenue Chicago IL 60611 360896000 501 (C) (6) 10000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago United Way of Metropolitan Chicago 222 Merchandise Mart Plaza Suite 622 Chicago IL 60654 300200478 501 (C) (3) 10000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago Women's Business Development Center 8 South Michigan Avenue 4th Floor Chicago IL 60603 363488628 501 (C) (3) 10000 0 To prepare Chicago adults for career advancement through for-credit programs at City Colleges of Chicago Chicago Minority Supplier Dev Council 216 West Jackson Boulevard Suite 600 Chicago IL 60606 362815054 501 (C) (3) 7500 0 Goldman Sachs 10,000 Small Business (GSK10KSB) referral sponsorship 6 2 Scholarships 1134 1184113 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 279741 0 0 0 0 0 52000 0 30426 0 362167 0 0 Veronica Herrero President 0 189602 0 0 0 0 0 0 0 30426 0 220028 0 0 Maribel Rodriguez Treasurer 0 189169 0 0 0 0 0 0 0 7319 0 196488 0 0 Part I, Line 3 The compensation for the President of City Colleges of Chicago Foundation (CCCF), Veronica Herrero, 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 3226462 Cash