2026-05-12T16:28:58-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2024-07-01 376025713 ILLINOIS STATE UNIVERSITY FOUNDATION ILLI 3094388901 101 ALUMNI CENTER CAMPUS BOX 8000 NORMAL IL 617908000 ROSS RICHARDS CHIEF OPERATIONS OFFICER 3094383135 2026-05-08 1 1 BRIDGET ROCHE P00666837 3128560200 2026-05-08 2024 2025-03-06 01:10:19Z PAT VICKERMAN 101 ALUMNI CENTER CAMPUS BOX 8000 NORMAL IL 617908000 194510312 0 X WWW.ADVANCEMENT.ILLINOISSTATE.EDU/ISU-FOUNDATION X 1948 IL TO ELEVATE ILLINOIS STATE UNIVERSITY THROUGH THE POWER OF PHILANTHROPY. 26 26 0 26 318800 103811 22116412 34129199 2474977 2788238 10661913 5611418 1393987 536300 36647289 43065155 18704532 21181858 0 0 2071640 2721698 0 0 935005 7218298 10652247 27994470 34555803 8652819 8509352 304150247 332641902 8484004 5529746 295666243 327112156 TO ELEVATE ILLINOIS STATE UNIVERSITY THROUGH THE POWER OF PHILANTHROPY. 0 0 31180475 21181858 2863238 ASSIST IN DEVELOPING AND INCREASING EDUCATION OPPORTUNITIES AND THE FACILITIES OF THE UNIVERSITY FOR SERVICE TO ITS STUDENTS, ALUMNI, AND CITIZENS OF THE STATE AND NATION BY ENCOURAGING GIFTS OF MONEY AND PROPERTY; ACT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS; ADMINISTER GIFTS, GRANTS, OR LOANS OF MONEY OR PROPERTY. 31180475 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 X 129 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK NH CA CO MA OH OR SC MD MI NJ FL MN WA LA IL X X ROSS RICHARDS 3094383135 101 ALUMNI CENTER CAMPUS BOX 8000 NORMAL IL 617908000 DAN KELLEY CHAIRMAN 0.50 0.00 X X 0 0 0 SHARI BUCKELLEW VICE CHAIRMAN 0.50 0.00 X X 0 0 0 JAMES A KNECHT SECRETARY 0.50 0.00 X X 0 0 0 WILLIAM ENGLAND TREASURER 0.50 0.00 X X 0 0 0 GREG AYERS BOARD MEMBER 0.50 0.00 X 0 0 0 ANN P BAUGHAN BOARD MEMBER 0.50 0.00 X 0 0 0 DAVID L BROWN BOARD MEMBER 0.50 0.00 X 0 0 0 ERIC E BURWELL BOARD MEMBER 0.50 0.00 X 0 0 0 STEVEN DENAULT BOARD MEMBER (THRU 3/2025) 0.50 0.00 X 0 0 0 ZACHARY FORTSCH BOARD MEMBER 0.50 0.00 X 0 0 0 GARY R GEMBERLING BOARD MEMBER 0.50 0.00 X 0 0 0 JOYCE GILLIE GOSSOM BOARD MEMBER 0.50 0.00 X 0 0 0 BENJAMIN HART BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL JONES BOARD MEMBER 0.50 0.00 X 0 0 0 COLLEEN KANNADAY BOARD MEMBER 0.50 0.00 X 0 0 0 JOSEPH J LOSS BOARD MEMBER 0.50 0.00 X 0 0 0 EDWARD MANLEY BOARD MEMBER 0.50 0.00 X 0 0 0 JACK NORTH BOARD MEMBER 0.50 0.00 X 0 0 0 THOMAS R REEDY BOARD MEMBER 0.50 0.00 X 0 0 0 JOHN P RIGAS BOARD MEMBER 0.50 0.00 X 0 0 0 TRISH ROARK BOARD MEMBER 0.50 0.00 X 0 0 0 ROBERT W RUSH JR BOARD MEMBER 0.50 0.00 X 0 0 0 CARL B SNEED BOARD MEMBER 0.50 0.00 X 0 0 0 RON THEIN BOARD MEMBER 0.50 0.00 X 0 0 0 DEREK VOGLER BOARD MEMBER 0.50 0.00 X 0 0 0 MARY ANN WEBB BOARD MEMBER 0.50 0.00 X 0 0 0 LARRY WILLIAMS BOARD MEMBER 0.50 0.00 X 0 0 0 PAT VICKERMAN EXECUTIVE DIRECTOR 37.50 0.00 X 324763 0 65560 JILL WILBERG CHIEF OPERATIONS OFFICER 37.50 0.00 X 184142 0 47610 MARK WUNDER ASSISTANT VP OF DEVELOPMENT 37.50 0.00 X 185261 0 47390 JILLIAN YOUNG SENIOR DIRECTOR OF STEWARDSHIP & DONOR RELATIONS 37.50 0.00 X 124693 0 49897 JOY HUTCHCRAFT EXECUTIVE DIRECTOR OF DEVELOPMENT 37.50 0.00 X 147466 0 29513 ELIZABETH ADAMS SENIOR DIRECTOR OF DEVELOPMENT 37.50 0.00 X 138966 0 29189 TONI TUCKER DIR. OF EWING CULTURAL CTR. & UNI. ADV. FACILTIES 37.50 0.00 X 109774 0 8305 1215065 0 277464 7 0 1 0 COMMONFUND 15 OLD DANBURY ROAD WILTON CT 06897 INVESTMENT MANAGEMENT 350533 900 HOTEL VENTURE LLC 120 E DELAWARE PLACE CHICAGO IL 606111443 EVENT SERVICES 174194 IO SPORTS SOLUTIONS C/O DESIGN 2 GOLF PO BOX 265 WARICK NY 10990 TECH/EQUIP SERVICES 103313 3 811594 33317605 14135053 34129199 MANAGEMENT FEE 900099 2617087 2617087 OTHER EVENTS/DEPT RCPTS 900099 171151 171151 2788238 1108642 318800 789842 287313 585538 -298225 -298225 -298225 154987529 150484753 4502776 4502776 4502776 412707 811594 374866 37841 37841 OTHER ATHLETIC 561439 721684 721684 SHARED ATHLETIC REVENUE 561439 75000 75000 796684 43065155 2863238 318800 5753918 14990246 14990246 6191612 6191612 587288 530067 12896 44325 1671525 1494945 36893 139687 111782 105965 2383 3434 351103 332832 7486 10785 35112 2558 32554 36500 36500 422260 422260 1152368 1115672 15150 21546 322671 203076 780 118815 349361 109359 12788 227214 8360 7661 569 130 103762 81435 21403 924 2703936 2553151 21910 128875 344927 320514 12497 11916 60419 60419 494461 494461 43635 6406 37229 EQUIPMENT 1549697 1489769 55920 4008 SUPPLIES 578431 531822 18545 28064 BAD DEBT EXPENSES 225313 225313 INCOME TAX 67813 67813 2153221 1113385 844554 195282 34555803 31180475 2440323 935005 116384 2261803 15670486 17128508 12751810 13381947 368824 346676 121859 376316 19672123 7793746 11906356 11878377 2588437 2864330 255117216 277403867 5508875 7000078 304150247 332641902 5807649 3146227 1844835 1711330 831520 672189 8484004 5529746 X 24989582 27633030 270676661 299479126 295666243 327112156 304150247 332641902 X 8509352 22801176 135385 X 0 1 X 1 0 X 19907423 19542097 14216735 22454419 34129199 110249873 2577624 2599504 2843000 2978000 3553281 14551409 22485047 22141601 17059735 25432419 37682480 124801282 22669227 102132055 161812 201478 671232 1219729 1077155 3331406 0 279523 0 33027 116346 428896 2390029 2610518 3653226 1523493 1134891 11312157 139873741 6355160 0.73020 0.81140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128811 X 0 224309967 11292079 25167121 9035791 268052 2808408 248656916 204784271 9630236 21850273 9742646 165718 2046449 224309967 193093113 8061335 11739640 5839449 181081 2089287 204784271 201100618 9038290 -8595049 5953288 261281 2236177 193093113 151372576 12035787 47182446 8170186 294973 1025032 201100618 0.02140 0.82460 0.15400 0 0 600631 980000 1580631 17897717 7664935 10232782 64964 64964 128811 128811 0 11878377 INVESTMENTS IN LIMITED PARTNERSHIPS 277403867 F 277403867 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 672189 672189 70093141 22801176 3553281 1095789 27450246 42642895 422260 422260 43065155 38647228 3553281 960404 4513685 34133543 422260 422260 34555803 PART III, LINE 4: THE ART COLLECTION IS DISPLAYED IN A FOUNDATION OR UNIVERSITY PROPERTY TO BE VIEWED BY STUDENTS, FACULTY, STAFF, ALUMNI OR VISTORS. PART V, LINE 4: TO SERVE THE EDUCATIONAL PURPOSES OF ILLINOIS STATE UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAINS ON BENEFICIAL INTERESTS 135,385. DIRECT FUNDRAISING EXPENSES 374,866. RENTAL EXPENSES 585,538. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 374,866. RENTAL EXPENSES 585,538. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE FOUNDATION AS EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 18035148 0 0 0 0 0 0 18035148 0 18035148 1 0 0 1 1 0 KATIE SCHOOL HALL OF FAME 665000 576476 88524 611 27458 95530 19338 KATIE INSURANCE GOLF CLASSIC 67800 31800 36000 29535 1136 33261 51636 34 491501 203318 288183 14985 33281 18580 49515 1224301 811594 412707 45131 61875 147371 120489 374866 37841 1 ILLINOIS STATE UNIVERSITY CAMPUS BOX NORMAL IL 61761 376014070 501(C)(3) 2330287 12659959 FMV SOFTWARE, EQUIPMENT, FOOD/MISC, ART TO SUPPORT THE UNIVERSITY, INSTRUCTION, RESEARCH, AND PUBLIC SERVICE ACTIVITIES. 1 ATHLETIC SCHOLARSHIPS 175 297339 INTERNATIONAL SCHOLARSHIPS 196 322070 NON-ATHLETIC SCHOLARSHIPS 2631 5572203 PART I, LINE 2: GRANT FUNDS ARE DISBURSED AND MONITORED BASED ON REQUESTS FROM AUTHORIZED FISCAL AGENTS. FUNDS MUST PROVIDE DIRECT BENEFIT TO ILLINOIS STATE UNIVERSITY AND BE SUPPORTED BY APPROPRIATE DOCUMENTATION. ILLINOIS STATE UNIVERSITY FISCAL AGENTS REQUEST DISBURSEMENT OF FUNDS FOR SCHOLARSHIPS AWARDED IN ACCORDANCE WITH SPECIFIC CRITERIA OF THE SCHOLARSHIP MAY INCLUDE EDUCATIONAL ACHIEVEMENT, FINANCIAL NEED, AND OTHER FACTORS. FOUNDATION PERSONNEL REVIEW REQUESTS TO DETERMINE IF GUIDELINES ARE MET. X 1 0 0 0 0 0 0 0 0 1 0 PAT VICKERMAN EXECUTIVE DIRECTOR 286124 0 20698 0 17941 0 24735 0 40825 0 390323 0 0 0 MARK WUNDER ASSISTANT VP OF DEVELOPMENT 183653 0 0 0 1608 0 14516 0 32874 0 232651 0 0 0 JILL WILBERG CHIEF OPERATIONS OFFICER 182990 0 0 0 1152 0 14400 0 33210 0 231752 0 0 0 JOY HUTCHCRAFT EXECUTIVE DIRECTOR OF DEVELOPMENT 145062 0 0 0 2404 0 11414 0 18099 0 176979 0 0 0 JILLIAN YOUNG SENIOR DIRECTOR OF STEWARDSHIP & DON 114482 0 8623 0 1588 0 9445 0 40452 0 174590 0 0 0 ELIZABETH ADAMS SENIOR DIRECTOR OF DEVELOPMENT 130161 0 7472 0 1333 0 10778 0 18411 0 168155 0 0 0 PART I, LINE 1A THE EXECUTIVE DIRECTOR HAS A SOCIAL MEMBERSHIP AT A LOCAL COUNTRY CLUB THAT IS USED PRIMARILY FOR BUSINESS PURPOSES. PART I, LINE 7 UPON DISCRETION AND APPROVAL, PERFORMANCE-BASED BONUSES MAY BE AWARDED FOR CERTAIN INDIVIDUALS AS DETERMINED BY THE BOARD. THESE BONUSES WERE NOT INCLUDED IN THE INDIVIDUALS COMPENSATION PACKAGE. PART I, LINE 3: SALARIES ARE DETERMINED ANNUALLY BY THE PRESIDENT OF ILLINOIS STATE UNIVERSITY WHO MAY CONSIDER SUCH FACTORS AS TIME IN THE POSITION, PERFORMANCE, AND SALARIES OF COMPARABLE POSITIONS WITH THE UNIVERSITY AND AT COMPARABLE UNIVERSITIES. X 1 3000 APPRAISAL X 34 1471279 MARKET QUOTATION X SOFTWARE 3 11780000 BOOK VALUE X EQUIPMENT 5 876959 BOOK VALUE X GRAIN 1 3815 SALE PRICE 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART V, LINE 2A: ALL OFFICERS AND HIGHLY COMPENSATED INDIVIDUALS ARE PAID BY ILLINOIS STATE UNIVERSITY, WHICH IS CONSIDERED AN UNRELATED ORGANIZATION FOR IRS PURPOSES. ALL WAGES LISTED ON PART VII, SECTION A ARE THE INDIVIDUALS' TOTAL W-2 COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S AUDIT AND FINANCE COMMITTEES REVIEW THE FORM 990 BEFORE IT IS FILED, AND THOSE COMMITTEES REPORT THEIR FINDINGS TO THE BOARD OF DIRECTORS AT ITS NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD POLICY STATES THAT EACH DIRECTOR, PRINCIPAL OFFICER, OR COMMITTEE MEMBER OF THE BOARD WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST WITH THE FOUNDATION MUST DISCLOSE THE EXISTENCE OF SUCH INTEREST TO THE BOARD OF DIRECTORS, WHICH SHALL DECIDE IF A CONFLICT OF INTEREST ACTUALLY EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF A KEY EMPLOYEE OF THE ORGANIZATION IS DETERMINED ANNUALLY BY THE PRESIDENT OF ILLINOIS STATE UNIVERSITY WHO MAY CONSIDER SUCH FACTORS AS TIME IN THE POSITION, PERFORMANCE, AND SALARIES OF COMPARABLE POSITIONS WITHIN THE UNIVERSITY AND AT COMPARABLE UNIVERSITIES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS 135,385. LAUNCHING FUTURES LLC (USES FOUNDATION EIN) CAMPUS BOX 8000 NORMAL IL 617908000 REAL ESTATE INVESTMENT IL 230004 3646292 ISU FOUNDATION LAUNCHING FUTURES II LLC (USES FOUNDATION EIN) CAMPUS BOX 8000 NORMAL IL 617908000 REAL ESTATE INVESTMENT IL 9640 865892 ISU FOUNDATION LAUNCHING FUTURES III LLC (USES FOUNDATION EIN) CAMPUS BOX 8000 NORMAL IL 617908000 REAL ESTATE INVESTMENT IL 48769 5661933 ISU FOUNDATION CHARITABLE REMAINDER TRUSTS (2) 000000000 N/A IL ILLINOIS STATE UNIVERSITY FOUNDATION T 0 PERPETUAL TRUSTS (4) 000000000 N/A IL ILLINOIS STATE UNIVERSITY FOUNDATION T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0