2026-05-14T10:08:47-07:00 2025-06-30 364583118 RINGOLD FINANCIAL MANAGEMENT SERVICES 7820 Graphics Dr Ste 105 Tinely Park IL 60477 990 2024-07-01 364117530 THE CHICAGO SCHOLARS FOUNDATION CHIC 3127843300 141 West Jackson Boulevard 1521 CHICAGO IL 60604 JEFFERY BECKHAM JR CEO 2026-05-14 true true MICHELLE RINGOLD P00777179 7084785850 2024 2025-03-06 01:10:19Z X 141 West Jackson Boulevard 1521 CHICAGO IL 60604 5042090 false X https://chicagoscholars.org/ X 1996 IL CHICAGO SCHOLARS IS TRANSFORMING THE LEADERSHIP LANDSCAPE OF OUR CITY BY RESOLVING THE FUNDAMENTAL BARRIERS TO SUCCESS FOR ACADEMICALLY DRIVEN, FIRST GENERATION COLLEGE STUDENTS FROM UNDER-RESOURCED COMMUNITIES. 36 36 119 950 0 6093127 4587055 313982 301576 122326 143361 -16673 -35516 6512762 4996476 249669 213017 0 5088453 4894441 0 950102 2231932 2464590 7570054 7572048 -1057292 -2575572 11072062 9700454 1695162 1550919 9376900 8149535 CHICAGO SCHOLARS IS TRANSFORMING THE LEADERSHIP LANDSCAPE OF OUR CITY BY RESOLVING THE FUNDAMENTAL BARRIERS TO SUCCESS FOR ACADEMICALLY DRIVEN, FIRST GENERATION COLLEGE STUDENTS FROM UNDER-RESOURCED COMMUNITIES. false false 4325547 213017 267875 CHICAGO SCHOLARS OFFERS AN INNOVATIVE SEVEN-YEAR PROGRAM LASTING FROMTHE SUMMER BEFORE THEIR SENIOR YEAR OF HIGH SCHOOL THROUGH THE SENIORYEAR OF COLLEGE AND ENDING WITH TWO YEARS OF LEADERSHIP DEVELOPMENT. INTHEIR FIRST YEAR OF PROGRAMMING, SCHOLARS WORK CLOSELY WITH COLLEGECOUNSELORS, MENTORS AND PEERS TO APPLY TO COLLEGES AND UNIVERSITIESTHAT ARE THEIR RIGHT MATCH, FIT AND FINANCIAL FIT. OUR HOLISTICAPPROACH STRIVES FOR OUR SCHOLARS TO FIND THE COLLEGES AND UNIVERSITIESWHERE THEY CAN BUILD COMMUNITY AND FOSTER BELONGING. CHICAGO SCHOLARSPROVIDES SCHOLARS ENROLLED IN COLLEGE UNIQUE SCHOLARSHIP OPPORTUNITIES,CONTINUED MENTORSHIP AND A COMMUNITY OF PEOPLE WHO CARE, SO THAT OURSCHOLARS PERSIST THROUGH COLLEGE, THRIVE IN THEIR STUDIES AND GRADUATEWITH DEGREES THAT LEAD TO MEANINGFUL CAREERS, HIGHER SALARIES ANDECONOMIC MOBILITY. CHICAGO SCHOLARS CAREER PROGRAMMING HELPS OURSCHOLARS GAIN ACCESS TO THE KEY INTERNSHIPS, OPPORTUNITIES, ANDNETWORKS THAT WILL LEAD THEM TO THEIR FIRST JOBS AND LAUNCHLIFE-CHANGING CAREERS. EACH YEAR CHICAGO SCHOLARS WORKS TO IMPROVE ITSPROGRAMS, SERVICES AND PARTNERSHIPS. TO DATE, MORE THAN 6,000 CHICAGOSCHOLARS ARE IN OR HAVE COMPLETED THE PROGRAM. 88% OF OUR SCHOLARS ANDALUMS COME FROM LOW-INCOME HOUSEHOLDS. 82% ARE FIRST GENERATION COLLEGESTUDENTS. OUR SCHOLARS HAVE COME FROM ALL 77 CHICAGO COMMUNITY AREAS.HISTORICALLY, 96% OF SCHOLARS MATRICULATE TO COLLEGE IN THE FALLFOLLOWING THEIR HIGH SCHOOL GRADUATION, AND 76% EARN THEIR DEGREESWITHIN SIX YEARS. OVERALL THE SCHOLARS ATTENDED OR GRADUATED FROM MORETHAN 500 COLLEGES AND UNIVERSITIES WORLDWIDE. 941632 33701 REACH PATHWAYS, L3C: IN MAY 2024, CHICAGO SCHOLARS TRANSITIONED ITS SINGLE MEMBER LIMITED LIABILITY COMPANY, REACH PATHWAYS, LLC (REACH) TO A MULTI-MEMBER LOW-PROFIT LIMITED LIABILITY COMPABY (L3C), WITH THE INTENTION OF EXPENDING ACCESS TO THE FOUNDATION'S PROVEN CURRICULUM TO MORE UNDER-RESOURCED STUDENTS THROUGH TEHNOLOGY AND GENERATING NEW POTENTIAL REVENUE OPPORTUNITIES TO DIVERSIFY THE FOUNDATION'S REVENUES.REACH IS THE COLLEGE AND CAREER PATHWAY FOR UNDER-RESOURCED STUDENTS IN AN INNOVATIVE TECHNOLOGY PLATFORM. REACH CONNECTS STUDENTS WITH COLLEGES AND COMPANIES. 5267179 true true false false false false false false true true true false false true true true false true false false false false false false true false false false true true false false false false false false false false true false false false true false false false false true 22 0 true 119 true false false false false false true true false 0 false false false false false false false X 36 36 false false false false false false false true true false false true true true true true true true true false IL X X RACHAEL CARBONE 3127843300 141 West Jackson Boulevard 1521 CHICAGO IL 60604 JEFFERY BECKHAM JR CEO 28.00 12.00 X 246897 0 9950 RACHAEL CARBONE CDOO 40.00 0.00 179589 0 2817 TAMARA POPE CSO 40.00 0.00 136272 0 16954 MICHELLE M PATTERSON MG. DIR OF DEV 40.00 0.00 101109 0 7416 PAULETTE GRAHAM Director 1.00 0.00 X 0 0 0 OLIVER BEVAN Director 1.00 0.00 X 0 0 0 RAJ BHATIA Director 1.00 0.00 X 0 0 0 NYERERE BILLUPS Director 1.00 0.00 X 0 0 0 GARY CAPLAN Director 1.00 0.00 X 0 0 0 KRIS CAREY Director 1.00 0.00 X 0 0 0 MARK CASSATA VICE CHAIR 3.00 0.00 X X 0 0 0 PAULA DANILIUC Director 1.00 0.00 X 0 0 0 WENDY FRIEDMAN Director 1.00 0.00 X 0 0 0 KOURTNEY GIBSON Director 1.00 0.00 X 0 0 0 DANA GORDON Director 1.00 0.00 X 0 0 0 REGINALD HILL Director 1.00 0.00 X 0 0 0 DAN HOFFENKAMP Director 1.00 0.00 X 0 0 0 SUZY KAHN WEINBERG Director 1.00 0.00 X 0 0 0 GIRISH KASHYAP Director 1.00 0.00 X 0 0 0 GREG KRANIAS Director 1.00 0.00 X 0 0 0 JOSEPH LANSING Treasurer 3.00 0.00 X X 0 0 0 MARIA LIN Director 1.00 0.00 X 0 0 0 KATHERINE MANN Director 1.00 0.00 X 0 0 0 NISAINI REXACH Director 1.00 0.00 X 0 0 0 WILL RITCHIE Director 1.00 0.00 X 0 0 0 BRIAN SANCHEZ Director 1.00 0.00 X 0 0 0 MANNY SANCHEZ Director 1.00 0.00 X 0 0 0 TIM SCHWERTFEGER Director 3.00 0.00 X 0 0 0 DANIELLE SCOTT-DUKE Director 1.00 0.00 X 0 0 0 REX SESSIONS Director 1.00 0.00 X 0 0 0 SUZANNE SHIER Secretary 3.00 0.00 X X 0 0 0 BRIAN SIMS Director 1.00 0.00 X 0 0 0 JESSE SLOVENEC Director 1.00 0.00 X 0 0 0 CARL TANNENBAUM Director 1.00 0.00 X 0 0 0 KATHRYN THOMAS Director 1.00 0.00 X 0 0 0 NATE ULERY Chairman 3.00 0.00 X X 0 0 0 DV WILLIAMS Director 1.00 0.00 X 0 0 0 KRISTIN WOLF Director 1.00 0.00 X 0 0 0 ISAIAH MOORE Director 1.00 0.00 X 0 0 0 AARON OLSON Director 1.00 0.00 X 0 0 0 663867 37137 4 false true false 0 480513 40040 4066502 1043171 4587055 PROGRAM SERVICE FEES 541900 267875 267875 REACH PRODUCT SALES 900099 33701 33701 301576 143361 143361 0 0 0 0 9150 480513 45614 -36464 0 0 MISCELLANEOUS REVENUE 900099 948 948 948 4996476 302524 143361 0 213017 213017 0 0 256847 102739 154108 0 3847690 2845524 407026 595140 43512 32862 3615 7035 396098 288405 50588 57105 350294 252054 47264 50976 0 0 281618 281618 0 0 0 552522 270624 212749 69149 0 0 206932 167999 38933 0 424550 293972 60421 70157 124205 99441 16820 7944 0 0 8907 720 8014 173 0 235471 180965 28612 25894 55196 38164 7872 9160 FACILITIES RENTAL 284102 283102 1000 BANK CHARGES & PROCESSING FEE 74030 53402 10493 10135 PROMOTIONAL MATERIALS 71899 62244 9655 CREDIT LOSS EXPENSE 49295 49295 95863 81945 6617 7301 7572048 5267179 1354767 950102 2468672 2307616 1558026 185166 2166462 912522 24176 76919 0 0 0 0 101012 125403 2566933 2097672 518306 469261 3155913 4839965 0 0 0 1079495 783602 11072062 9700454 333123 366526 77015 11500 256868 440969 1028156 731924 1695162 1550919 X 1537801 1748818 7839099 6400717 9376900 8149535 11072062 9700454 X -2575572 376641 -8434 980000 X false true X true false X 5718560 6564446 6511236 6093127 4587055 29474424 0 0 5718560 6564446 6511236 6093127 4587055 29474424 6756223 22718201 93101 65918 95522 126786 143361 524688 0 33868 1103884 61672 105369 -35516 1269277 31268389 0.72660 0.70980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 4458008 504587 221000 4741595 4380983 592025 515000 4458008 4319655 411328 350000 4380983 4782471 -312816 150000 4319655 3790519 1141952 150000 4782471 0.63300 0.36700 true false false 1368955 1145363 223592 323143 280393 42750 874835 671916 202919 469261 DEFERRED COMPENSATION INVESTMENTS 31331 FINANCING ROU ASSET 21118 OPERATING ROU ASSET 652308 SECURITY DEPOSIT 78845 783602 DEFERRED COMPENSATION OBLIGATION 31331 FINANCE LEASE LIABILITY 21679 OPERATING LEASE LIABILITY 678914 731924 X 5436043 376641 71360 448001 4988042 8434 8434 4996476 7643408 71360 71360 7572048 7572048 Part IV, Line 2b: Explanation of escrow account liability THE RECEIPT OF FUNDS FOR CERTAIN SCHOLARSHIPS AND SUBSEQUENT PAYMENT OF SCHOLARSHIPS ARE RECORDED AS A PASS-THROUGH AGENCY TRANSACTION (RATHER THAN A CONTRIBUTION WHEN FUNDS ARE RECEIVED AND SCHOLARSHIP EXPENSE WHEN FUNDS ARE PAID) AS THE AWARDING ORGANIZATION MAKES THE SELECTION OF WHICH STUDENTS WILL RECEIVE THE BENEFIT OF THESE SCHOLARHIPS. THESE SCHOLARSHIPS ARE IN ALIGNMENT WITH THE ORGANIZATIONS MISSION AND PROGRAMMING. Part V, Line 4: Intended uses of the endowment fund. The Steven N. Wohl Leadership Chair endowment fund (Endowment) was created in 2013 to provide a permanent source of income to the Chicago Scholars Foundation to fund the cost of the President and Chief Executive Officers position. Part X : FIN48 Footnote 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 consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Organizations tax returns to determine whether the tax positions are more likely than not of being sustained when challenged or when examined by the applicable tax authority. For the year ended June 30, 2025, management has determined that there were no material uncertain tax positions. X X false ONSITE 489663 480513 9150 26751 2375 8488 8000 489663 480513 9150 26751 2375 8488 8000 45614 -36464 true 0 0 SCHOLARSHIP AWARDS 190 213017 FMV Grantmaker's Description of How Grants are Used THE ORGANIZATION PROVIDES STUDENT SCHOLARSHIPS WHICH ARE PREDETERMINEDAMOUNTS PAID TO STUDENTS BASED ON A SELECTION PROCESS CONSIDERING STUDENT NEED AND ACADEMIC PERFORMANCE. THESE AMOUNTS ARE PAID DIRECTLY TO THE COLLEGES AND UNIVERSITIES FOR TUITION AND OTHER EXPENSES. THE ORGANIZATION ALSO PROVIDES STUDENT SCHOLARSHIPS FOR EDUCATIONAL AND LEADERSHIP DEVELOPMENT OPPORUNITIES SUCH AS STUDY ABROAD AND RESEARCH OPPORTUNITIES. THESE EXPENSES MAY BE PAID DIRECTLY TO THE COLLEGES AND UNIVERSITIES OR DIRECTLY TO THE STUDENTS. CERTAIN OTHER QUALIFIED EXPENSES MAY BE PAID DIRECTLY TO STUDENTS ON A REIMBURSEMENT BASIS FOR TEXTBOOKS, SCHOOL SUPPLIES, ETC. THE ORGANIZATION MONITORS THE USE OF THE GRANT FUNDS BY FOLLOWING UP WITH THE COLLEGES AND UNIVERSITIES, REVIEWING STUDENT PROGRESS REPORTS, ETC. ALL REQUESTS FOR STUDENT FUNDS DISBURSEMENT ARE REVIEWED BY APPLICABLE PROGRAM TEAM STAFF THROUGH A ROBUST APPLICATION AND APPROVAL PROCESS. X X X X false true false false false false false false false JEFFERY BECKHAM JR CEO 226897 20000 4849 5101 256847 RACHAEL CARBONE CDOO 171256 8333 2817 182406 TAMARA POPE CSO 136272 1864 15090 153226 X 2000 FMV X 4156 1041171 FMV false false false Form 990, Part VI, Section B, Line 11b FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AND IS REVIEWED BY THE CEO, COO, TREASURER AND FINANCE COMMITTEE. Form 990, Part VI, Section B, Line 12c THE FOUNDATION UDATES ITS CONFLICTS OF INTEREST POLICY THROUGH SURVEY/STATEMENT PROVIDED TO AND RETURNED BY OFFICERS, DIRECTORS AND KEY EMPLOYEES AT HIRE. ANY DISCLOSURES ARE FOLLOWED UP ON A ROUTINE BASIS. Form 990, Part VI, Section B, Line 15a THE PROCESS OF DETERMINING COMPENSATION FOR THE CEO AND EXECUTIVE TEAM UTILIZES A BENCHMARKING STUDY OF PEER GROUPS. THE EXECUTIVE COMMITTEE OVERSEES THE PROCESS, AND THE BOARD OF DIRECTORS APPROVES THE OVERALL ANNUAL COMPENSATION AMOUNT. Form 990, Part VI, Section C, Line 19 No documents available to the public. Form 990, Part XI, Line 9 REACH CAPITAL CONTRIBUTIONS (DISREGARDED ENTITY) = $980000 REACH PATHWAYS L3C 141 WEST JACKSON BOULEVARD 1521 CHICAGO IL 60604 920611285 EXPANDING ACCESS TO UNDER-RESOURCED STUDENTS IL 113768 1299006 THE CHICAGO SCHOLARS FOUNDATION false false false false false false false false false false false false false false false false false false false