2026-01-23T09:11:46+00:00 2025-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-07-01 363490557 Big Shoulders Fund BIGS 3127518337 212 W Van Buren Street 900 Chicago IL 60607 Joshua Hale President & Chief Executive Officer 2026-01-23 true Jennifer Burke P01342224 3128997000 2026-01-23 2024 2025-03-06 01:10:19Z Joshua Hale 212 W Van Buren Street 900 Chicago IL 60607 79742696 false X www.bigshouldersfund.org X 1986 IL We provide support to high need schools which provide a quality, values-based education for Chicago and Northwest Indiana's children. 32 32 114 3457 4139 0 72815110 42507854 166541 130909 11128285 10487082 666688 30042 84776624 53155887 63152854 41830502 0 7669821 8758777 0 1355756 5066334 4295588 75889009 54884867 8887615 -1728980 150134830 152085991 19304905 22661081 130829925 129424910 X We provide support to underserved schools which provide a quality, values-based education for Chicago's children. In 2020, Big Shoulders Fund's programming was extended to the Northwest Indiana region. false false 24074917 22141857 School operations: DISTRIBUTED OPERATING AND CAPITAL GRANTS TO MULTIPLE SCHOOLS IN AN EFFORT TO PREVENT SCHOOL CLOSURES; ALSO ASSISTED SCHOOLS IN IMPROVING MARKETING/RECRUITING, BUILDING NEW EXTERNAL FUNDING SOURCES, IMPROVING SCHOOL BUSINESS OPERATIONS, ETC. 13580195 12463115 Student Scholarship Programs: ADMINISTERED OVER90 DISTINCT SCHOLARSHIP PROGRAMS THAT INCLUDE MENTORING, ENRICHMENT AND OTHER SUPPORT ACTIVITIES. 5,267 SCHOLARSHIPS WERE AWARDED TO 5,080 STUDENTS AT 120 ELEMENTARY AND HIGH SCHOOLS TO ENABLE THEM TO ATTEND NON-PUBLIC SCHOOLS. 12158860 6136650 Academic Enrichment and Leadership Development: BIG SHOULDERS ADMINISTERS OVER 25 ONGOING PROGRAMS IN 90 SCHOOLS INVOLVING OVER 800 TEACHERS AND ADMINISTRATORS TO IMPROVE INSTRUCTION AND LEARNING THROUGH LEADERSHIP AND PROFESSIONAL DEVELOPMENT, PROFESSIONAL LEARNING COMMUNITIES AND ACCESS TO HIGH QUALITY CURRICULA WITH FOCUS ON MATH, SCIENCE, CIVICS, AND LITERACY. PROVIDE A VARIETY OF OTHER NEEDED CAPITAL AND PROGRAMMATIC SUPPORT TO ENSURE A SAFE, EFFECTIVE LEARNING ENVIRONMENT FOR NEARLY 25,000 STUDENTS THROUGH ONGOING ENRICHMENT PROGRAMS INCLUDING A SCIENCE AND LEADERSHIP CAMP, AFTERSCHOOL PROGRAMS, SUMMER PROGRAMS, AND OTHER OPPORTUNITIES FOR STUDENTS. 1851647 1088880 130909 Other program services: GENERAL ACADEMIC ENRICHMENT ACTIVITIES FOR STUDENTS, SUCH AS OUTDOOR EDUCATION, LEARNING ABOUT INVESTMENTS AND THE STOCK MARKET. SUPPORT FOR SCHOOLS HOLDING FUND-RAISING EVENTS. SUPPORTING VOLUNTEER SCHOOL CLEANUP AND MAINTENANCE ACTIVITIES. GRANTS TO SCHOOLS AS DESIGNATED BY DONORS - AGENCY (PASS-THROUGH) TRANSACTIONS. IN ADDITION, BIG SHOULDERS FUND PROVIDES SUPPORT TO STUDENTS, TEACHERS, AND ADMINSTRATORS AT CATHOLIC SCHOOLS PRIMARILY SERVING LOW-INCOME STUDENTS IN NORTHWEST INDIANA THROUGH A RESTRICTED GRANT. SOUTHEAST SIDE EXPERIENCE INCUBATOR (SSEI) PROVIDES STUDENTS AT ST. FRANCIS DE SALES HIGH SCHOOL WITH VALUABLE LIFE AND WORK EXPERIENCES IN A PROFESSIONAL SETTING UTILIZING A WORK STUDY PROGRAM. STUDENTS' ACADEMIC SCHEDULES ARE MODIFIED SO THAT FOUR STUDENTS SHARE ONE FULL-TIME ENTRY-LEVEL JOB. WORK STUDY HOURS PROVIDE STUDENTS WITH AN ENRICHED LEARNING EXPERIENCE AND IS CERTIFIED BY THE US DEPARTMENT OF LABOR. 1851647 1088880 130909 51665619 true true false false false false false false true true true true false false true true true false false false true false false false true true false true true true false false false false false false false false false false true false false false true false false false false false true 299 3 true 114 true true true false false false false true true false false false true false false false X 32 32 true false false false false false false true true false false false true true true true true true true false false false IL IN X X Malcolm Douglas 3127518337 212 W Van Buren St Suite 900 Chicago IL 60607 John Croghan Vice Chairman 1.0 X X 0 0 0 Kenneth J Velo Co-Chairman 25.0 X X 0 0 0 Kent Dauten Co-Chairman 15.0 X X 0 0 0 Arthur R Velasquez Board of Trustees 1.0 X 0 0 0 Charles K Bobrinskoy Board of Trustees 1.0 X 0 0 0 Cherryl Thomas Board of Trustees 1.0 X 0 0 0 Christine E Kelly Board of Trustees 1.0 X 0 0 0 Christopher Valenti Board of Trustees 1.0 X 0 0 0 Daniel Doherty Board of Trustees 1.0 X 0 0 0 David Dury Board of Trustees 1.0 X 0 0 0 Dennis Fitzsimons Board of Trustees 1.0 X 0 0 0 Elizabeth Cole Board of Trustees 1.0 X 0 0 0 Gerald Beeson Board of Trustees 1.0 X 0 0 0 Giancarlo Turano Board of Trustees 1.0 X 0 0 0 Gregory Q Brown Board of Trustees 1.0 X 0 0 0 James A Gordon Board of Trustees 1.0 X 0 0 0 James Compton Board of Trustees 1.0 X 0 0 0 James Hoeg Board of Trustees 1.0 X 0 0 0 John A Canning Jr Board of Trustees 1.0 X 0 0 0 John Schreiber Board of Trustees 1.0 X 0 0 0 Kimberly Querrey Board of Trustees 1.0 X 0 0 0 Larry Richman Board of Trustees 1.0 X 0 0 0 Lee Henderson Board of Trustees 1.0 X 0 0 0 Leigh-Anne Kazma Board of Trustees 1.0 X 0 0 0 Mary Dempsey Board of Trustees 1.0 X 0 0 0 Stephen King Board of Trustees 1.0 X 0 0 0 Tao Huang Board of Trustees 1.0 X 0 0 0 Thomas E Lanctot Board of Trustees 1.0 X 0 0 0 Thomas Reynolds III Board of Trustees 1.0 X 0 0 0 Timothy Sullivan Board of Trustees 1.0 X 0 0 0 William Devers Board of Trustees 1.0 X 0 0 0 William T Lynch Board of Trustees 1.0 X 0 0 0 Joshua Hale President and Chief Executive Officer 50.0 X 585588 0 52879 Malcolm Douglas Chief Financial Officer 50.0 X 254776 0 41651 Amelia Drozda Chief Advancement & Development Officer 50.0 X 204800 0 21844 Daniel Bennett Senior Director, Scholarships 50.0 X 191377 0 39202 Rebecca Lindsay-Ryan Chief Schools Officer 50.0 X 292828 0 54427 Daniel Kozlowski Managing Director, NWI 50.0 X 166775 0 28287 Danielle Robinson Managing Director, School Operations and Patrons Program 50.0 X 165754 0 14867 Laura Nalley Senior Director, People and Leadership 50.0 X 159145 0 30424 Maria Ippolito Managing Director, School Marketing and Enrollment 50.0 X 154012 0 3805 Timothy Gallo Managing Director, Plus Schools and Leadership 50.0 X 171161 0 37991 2346216 0 325377 20 false true false UChicago STEM Education 1427 E 60th Street Chicago IL 60637 PROF DEVELOPMENT FOR SCHOOLS 348338 Ziemke Consulting LLC 130 S Canal St Chicago IL 60606 PROF DEVELOPMENT FOR SCHOOLS 295701 NQC Literacy LLC P O Box 195 Jersey City NJ 07303 PROF DEVELOPMENT FOR SCHOOLS 286702 Kirk Ziemke 130 S Canal St Chicago IL 60606 PROF DEVELOPMENT FOR SCHOOLS 217847 University of Illinois - Chicago 1240 W Harrison Street Rm 1535 Chicago IL 60607 PROF DEVELOPMENT FOR SCHOOLS 193361 7 13060 0 5581215 0 704510 36209069 2935475 42507854 Work Study Sponsorships 611710 130909 130909 0 0 0 0 0 0 130909 1363758 0 4139 1359619 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34563546 0 25440222 0 9123324 0 9123324 0 0 9123324 1105219 5581215 1141127 -35908 0 -35908 71410 5460 65950 0 0 65950 0 0 0 0 0 0 0 0 0 0 0 53155887 130909 4139 10512985 29410919 29410919 12419583 12419583 0 0 0 0 1750103 1104440 429988 215675 0 0 0 0 5763542 4528771 577813 656958 171676 137565 19368 14743 571747 443171 66160 62416 501709 377894 64888 58927 0 0 0 0 2569 0 2569 0 88866 2370 86496 0 0 0 0 0 0 0 62500 0 62500 0 2092695 1961339 122236 9120 132450 93414 27251 11785 420664 181889 186344 52431 372774 190140 87559 95075 0 0 0 0 215529 108165 53682 53682 491376 452333 13643 25400 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9183 4591 2296 2296 32638 17928 7417 7293 Food and meals 329588 217917 32914 78757 Credit card fees 35816 18 35798 Membership dues 33940 13190 20350 400 Bad Debt -25000 -25000 0 0 0 0 54884867 51665619 1863492 1355756 432083 76230 12874869 3765796 36124799 40607154 0 0 0 0 0 0 0 0 0 0 452958 274492 317052 297197 29037 19855 26604087 17787186 73398614 87413699 0 0 0 218383 2141579 150134830 152085991 1518394 1202263 16919074 18773078 392235 404000 0 0 475202 151238 0 0 0 0 0 0 0 2130502 19304905 22661081 X 41875236 39896440 88954689 89528470 0 0 0 0 0 0 130829925 129424910 150134830 152085991 X -1728980 323965 X false true true false X 48714161 72019742 56956626 72815110 42507854 293013493 0 0 0 0 0 0 0 0 0 0 0 0 48714161 72019742 56956626 72815110 42507854 293013493 33806233 259207260 405551 578376 1213905 1732906 1363758 5294496 2247 18262 7506 0 0 28015 207721 368133 1438060 1164293 1307538 4485745 302821749 0 0.85597 0.87034 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 163001.0, COLUMN B - 305533.0, COLUMN C - 1200456.0, COLUMN D - 934698.0, COLUMN E - 1105219.0, COLUMN F - 3708907.0; DESCRIPTION - WORK STUDY SPONSORSHIPS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 188899.0, COLUMN D - 166541.0, COLUMN E - 130909.0, COLUMN F - 486349.0; DESCRIPTION - GROSS REVENUE FROM GAMING ACTIVITIES, COLUMN A - 44720.0, COLUMN B - 62600.0, COLUMN C - 48705.0, COLUMN D - 63054.0, COLUMN E - 71410.0, COLUMN F - 290489.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 38208506 452264 4203669 670703 1104252 61060 41028424 35389758 82814 4628941 688622 1154385 50000 38208506 33450248 223950 3574067 656262 1152245 50000 35389758 40698957 188261 -5532938 652915 1201117 50000 33450248 34867877 242706 9462265 599214 3224677 50000 40698957 0.5152 0.3916 0.0932 false false 147789 147789 0 137053 117198 19855 32210 32210 0 19855 Closely-held equity interests Financial derivatives Large Cap Equity Funds 19030702 F Small/Mid Cap Equity Funds 4988666 F International Equity 17186336 F Hedged Equity Funds 13110273 F Private Investments 13021257 F Absolute Return Funds 2021666 F Fixed Income Fund 18054799 F Liquidating funds 87413699 Federal Income Taxes Lease Liability 2130502 2130502 X 52153464 187839 -1127762 -939923 53093387 62500 0 62500 53155887 53558479 187839 -1451727 -1263888 54822367 62500 0 62500 54884867 Schedule D, Part IV, Line 2b Explanation of escrow agreement Big Shoulders Fund receives donations classified for accounting purposes as agency transactions designated for specific beneficiaries. Donations are deposited into Big Shoulders Fund bank accounts and recorded as liabilities until paid. Donations are tracked using the same method as other restricted donations Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are used per donor restrictions for scholarships, programs, and other expenses. Earnings on Board designated endowments are used for administrative expenses, which may include program, management, and fundraising expenses. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Fund has received a determination letter from the Internal Revenue Service indicating that the Fund is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code of 1986 and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. The Fund is classified as a public charity under Section 509(a)(1) and Section 170(b)(1)(A)(vi), an organization that normally receives a substantial part of its support from direct or indirect contributions from the general public. The Fund recognizes a tax position as a benefit only if it is more likely than not that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more likely than not test, no tax benefit is recorded. The Fund does not expect the total amount of unrecognized tax benefits to significantly change in the next twelve months. The Fund has applied this criterion to all tax positions for which the statute of limitations remains open. Tax years open to examination by tax authorities under the statute of limitations include fiscal years ended June 2021 through 2024. The Fund recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Fund has no amounts accrued for interest or penalties as of June 30, 2024 and 2025. The Fund has determined that its tax provisions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2025. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 adjustment for agency transaction receipts see schedule O for narrative - -1127762 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 adjustment for agency transaction distributions see schedule O for narrative - -1451727 Central America and the Caribbean 0 0 Investments 55546349 0 0 0 0 0 0 55546349 0 55546349 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual Dinner 5177445 4736686 440759 0 0 0 214956 15500 416511 Golf 1112044 666374 445670 0 0 142857 3110 0 137057 5 396945 178155 218790 0 0 29391 127975 2000 51770 6686434 5581215 1105219 0 0 172248 346041 17500 605338 1141127 -35908 0 0 0 0 0 0 0 0 0 0 0 0 71410 5460 0 0 0 true 0.96 71410 5460 0 0 0 5460 65950 IL true false false false 0.0 1.0 JOSHUA HALE 212 W VAN BUREN Suite 900 Chicago IL 60607 false Joshua Hale 0 President & CEO X false Schedule G, Part III, Line 16 Gaming Manager Compensation Mr. Hale is not separately compensated for his oversight of any gaming activities. Schedule G, Part III Other Gaming The organization conducts a raffle as part of its annual golf outing. true Academy of St Benedict the African 6020 S Laflin Street Chicago IL 60636 362171119 501c3 456012 AE, LPD, OP, DDG Andrean High School 5959 Broadway Merrillville IN 46410 351046711 501c3 187600 AE Annunciata School 3750 E 112th Street Chicago IL 60617 362170752 501c3 281190 AE, LPD, OP Aquinas Catholic School 801 W 73rd Avenue Merrillville IN 46410 351162553 501c3 104320 AE Augustus Tolton Academy 7120 S Calumet Ave Chicago IL 60619 362170979 501c3 597540 AE, OP, PP Bishop Noll Institute 1519 Hoffman Street Hammond IN 46327 351007097 501c3 160894 AE Bridgeport Catholic Academy 3700 S Lowe Avenue Chicago IL 60609 363377611 501c3 13760 AE, LPD, OP Children of Peace School 1900 W Taylor St Chicago IL 606123732 362212711 501c3 561240 AE, OP Cristo Rey Jesuit High School 1852 W 22nd Place Chicago IL 60608 364067306 501c3 11000 SPG Cristo Rey St Martin College Prep 3106 Belvidere Road Waukegan IL 60085 421597059 501c3 9500 SPG DePaul College Prep Fr Gordon Campus Chicago IL 606184602 362182169 501c3 5000 DDG Epiphany School 4223 W 25th St Chicago IL 606233692 362412597 501c3 895883 AE, LPD, OP, PP, DDG Holy Angels School 750 E 40th Street Chicago IL 606532348 362747560 501c3 707608 AE, LPD, OP, PP Holy Trinity High School 1443 W Division St Chicago IL 60642 362171703 501c3 224000 AE, OP, DDG Immaculate Conception School 8739 S Exchange Chicago IL 60617 363310936 501c3 372780 AE, OP Josephinum Academy 1501 N Oakley Blvd Chicago IL 60622 362167764 501c3 16150 AE Leo High School 7901 S Sangamon St Chicago IL 60620 362182061 501c3 240710 AE, LPD, OP, SPG Marquette Catholic High School 306 W 10th Street Michigan City IN 46360 351148636 501c3 153160 AE Maternity BVM School 1537 N Lawndale Avenue Chicago IL 60651 362171722 501c3 328017 AE, LPD, OP, PP Most Blessed Trinity Academy 510 Grand Avenue Waukegan IL 600851835 470955784 501c3 340600 AE, OP, PP Nativity of Our Savior School 2929 Willowcreek Road Portage IN 46368 351131605 501c3 100000 AE Notre Dame School 1010 Moore Road Michigan City IN 46360 350957092 501c3 101760 AE Our Lady of Grace 3005 Condit Street Highland IN 46322 350905955 501c3 100200 AE Our Lady of Grace School 2446 N Ridgeway Avenue Chicago IL 606472325 362170886 501c3 411450 AE, LPD, OP Our Lady of Guadalupe School 9050 S Burley Avenue Chicago IL 60617 362743254 501c3 425400 AE, LPD, OP, PP Our Lady of Tepeyac Elementary School 2235 S Albany Ave Chicago IL 606233414 363409095 501c3 440210 AE, LPD, OP Our Lady of Tepeyac High School 2228 S Whipple St Chicago IL 606233425 364202108 501c3 62350 AE, DDG Our Lady of the Snows School 4810 S Leamington Avenue Chicago IL 606382199 362401758 501c3 29920 AE, LPD Pope John Paul II Catholic School 4325 S Richmond St Chicago IL 606322596 362170859 501c3 652160 AE, LPD, OP Queen of All Saints School 1715 E Barker Ave Michigan City IN 46360 832242462 501c3 165880 AE Queen of the Universe School 7130 S Hamlin Avenue Chicago IL 606294321 362583566 501c3 629330 AE, LPD, OP Sacred Heart School 2906 E 96th Street Chicago IL 60617 362171734 501c3 225080 AE, LPD, OP Saint Paul Catholic School 1755 W Harrison Blvd Valparaiso IN 46385 352012677 501c3 101380 AE San Miguel School - Back of the Yards 1949 W 48th Street Chicago IL 60609 364378726 501c3 34700 AE, SPG St Agnes of Bohemia School 2643 S Central Park Avenue Chicago IL 60623 363552287 501c3 302968 AE, CP, OP, DDG St Ailbe School 9037 S Harper Avenue Chicago IL 60619 362170926 501c3 573468 AE, CP, LPD, OP, PP St Anastasia School 629 Glen Flora Ave Waukegan IL 60085 362427693 501c3 158700 AE, OP, PP St Angela School 1332 North Massasoit Avenue Chicago IL 60651 362170932 501c3 917202 AE, OP, DDG St Ann School 2211 W 18th Place Chicago IL 60608 362284297 501c3 549190 AE, LPD, OP, DDG, SPG St Bede the Venerable School 4440 W 83rd Street Chicago IL 606522126 364055633 501c3 7810 AE St Casimir School 4329 Cameron Avenue Hammond IN 46327 350883494 501c3 117275 AE St Catherine of SienaSt Lucy School 27 W Washington Oak Park IL 603024308 362170969 501c3 368924 AE, LPD, OP, SPG St Constance School 5841 W Strong St Chicago IL 60630 363965141 501c3 823640 AE, LPD, OP, PP St Ethelreda School 8734 S Paulina Street Chicago IL 60620 362182112 501c3 1223850 AE, CP, LPD, OP St Ferdinand School 3131 N Mason Avenue Chicago IL 60634 362192835 501c3 21740 AE, LPD St Frances of Rome School 1428 S 59th Ct Cicero IL 60804 362179805 501c3 395068 AE, OP, DDG St Francis de Sales High School 10155 S Ewing Avenue Chicago IL 60617 362435876 501c3 1061550 AE, CP, OP, PP, DDG St Gabriel School 4500 S Wallace Street Chicago IL 606093593 362707503 501c3 5601 AE, PP St Gall School 5515 S Sawyer Ave Chicago IL 60629 362704905 501c3 360233 AE, LPD, OP, PP St Genevieve School 4854 W Montana St Chicago IL 606392509 362171008 501c3 446110 AE, OP, PP, DDG St Helen School 2347 W Augusta Blvd Chicago IL 60622 362373447 501c3 55280 AE, DDG St John Bosco 7113 Columbia Avenue Hammond IN 46324 350957897 501c3 115478 AE St John de la Salle Catholic Academy 10212 S Vernon Avenue Chicago IL 60628 362171032 501c3 150820 AE, LPD, OP, PP St John the Baptist 1844 Lincoln Avenue Whiting IN 46394 350883499 501c3 107270 AE St John the Evangelist School 11301 W 93rd Ave Saint John IN 46373 351000674 501c3 101060 AE St Laurence High School 5556 W 77th Street Burbank IL 604591398 362205990 501c3 15000 DDG St Malachy School 2252 W Washington Blvd Chicago IL 606122236 362936823 501c3 621509 AE, LPD, OP, PP, DDG St Margaret of Scotland School 9833 S Throop Street Chicago IL 606431445 362367986 501c3 618810 AE, LPD, OP St Mary School 525 N Broad Street Griffith IN 46319 350874267 501c3 100840 AE St Mary Star of the Sea School 6424 S Kenneth Avenue Chicago IL 60629 362848256 501c3 734101 AE, OP St Mary's Catholic School 321 E Joliet Street Crown Point IN 46307 350960852 501c3 106530 AE St Matthias School 4910 N Claremont Chicago IL 606251912 362171089 501c3 9140 AE St Michael Church 1 W Wilhelm Street Schererville IN 46375 350965645 501c3 103700 AE St Michael Parish & School 14327 Highland Ave Orland Park IL 60462 362171092 501c3 10000 DDG St Nicholas of Tolentine School 3741 W 62nd Street Chicago IL 60629 362182132 501c3 381771 AE, LDP, OP, PP, DDG St Nicholas Ukrainian Cathedral School 2200 W Rice Street Chicago IL 60622 131026995 501c3 9390 AE, LDP St Patrick School 640 N Calumet Road Chesterton IN 46304 010851893 501c3 100120 AE St Philip Neri School 2110 E 72nd Street Chicago IL 60649 362171115 501c3 486534 AE, CP, LPD, OP, PP St Pius V School 1919 S Ashland Ave Chicago IL 60608 362240477 501c3 348052 AE, CP, LPD, OP, PP St Procopius School 1625 S Allport Street Chicago IL 60608 363352367 501c3 16936 AE, LPD, SPG St Rita of Cascia High School 7740 S Western Ave Chicago IL 60620 362171753 501c3 25000 DDG St Sabina Academy 7801 S Throop St Chicago IL 60620 362171123 501c3 1369348 AE, CP, OP St Stanislaus School 4930 Indianapolis Blvd East Chicago IN 46312 351016046 501c3 186960 AE St Stanislaus Kostka School 1255 N Noble Street Chicago IL 60642 362171128 501c3 210697 AE, OP St Stanislaus Kostka School 1506 Washington Street Michigan City IN 46360 350929986 501c3 103400 AE St Sylvester School 3027 W Palmer Square Chicago IL 60647 362488067 501c3 712399 AE, CP, LPD, OP, PP, DDG St Symphorosa School 6125 S Austin Avenue Chicago IL 606384396 362171135 501c3 5325 AE, LDP St Therese School 247 W 23rd St Chicago IL 60616 362240479 501c3 7755 AE, LPD, OP St Thomas More School 8501 Calumet Ave Munster IN 46321 350900733 501c3 103360 AE St Thomas of Canterbury School 5525 N Magnolia Ave Chicago IL 60640 362240480 501c3 62961 AE, LPD, DDG St Thomas the Apostle School 5467 S Woodlawn Ave Chicago IL 60615 362171144 501c3 11402 AE, LPD St Walter - St Benedict School 11741 S Western Ave Chicago IL 606434789 362170950 501c3 54760 AE, OP St William School 2559 N Sayre Avenue Chicago IL 607072186 362171154 501c3 7649 AE, OP Visitation School 900 W Garfield Blvd Chicago IL 60609 363648506 501c3 799930 AE, CP, OP, PP, DDG 84 0 Scholarships to elementary and high school students 5080 12115022 Scholarships to teachers - leadership/teacher development 23 78138 Scholarships to college students 66 226423 Schedule I, Part II Basis of Accounting Although Big Shoulders Fund prepares its financial statements on the accrual basis, Schedule I Part II has been prepared on the cash basis. Big Shoulders Fund believes this method is more informative as it shows actual cash outlays during the year, including both direct payments to schools and payments made on behalf of schools. On the accrual basis, multi-year grants pledged but not paid in the current year would be included in this schedule, but cash payments to schools as a result of previous multi-year grants would not be included. This could cause a misunderstanding regarding the actual annual support that the Big Shoulders Fund provides to certain schools during each school year. Schedule I, Part II, Line 1(h) Purpose of grant or assistance Code Legend AE.......academic enrichment CG......capital grant DDG....donor designated grant FR.......fundraising event LPD.....leadership/professional development MO......marketing/operating assistance OP.......operating grant PP.......patron program SPG....special program grants Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Procedures for monitoring the use of grant funds differ based on the type of grant awarded. Schools eligible for support are reviewed each year to ensure they meet the criteria (in the City of Chicago, student population has over 20% who qualify for free or reduced lunch and participate in Title I programs). Schools report annually on indicators including financial viability, enrollment, student academic performance, and demographic characteristics of students served. Renewable scholarship awards include regular progress monitoring and reporting by the individual schools on students. Patron program funds are only distributed upon agreement of Patron, School Principal, and Big Shoulders Fund, and requires substantiation through receipting or accounting of use of funds. Programmatic and capital support requires a minimum of annual reports on use of funds and demonstrated measurable objectives met through the funding. Big Shoulders Fund staff regularly visit (at least 2 - 5 times per year) schools and meet with school leadership to ensure schools are using funds as indicated by the requirement of each type of support. X true true X X X false false false false false false false true false Joshua Hale President and Chief Executive Officer 540896 0 27816 0 16876 0 11250 0 41629 0 638467 0 0 0 Malcolm Douglas Chief Financial Officer 253134 0 0 0 1642 0 10634 0 31017 0 296427 0 0 0 Rebecca Lindsay-Ryan Chief Schools Officer 277259 0 14789 0 780 0 11500 0 42927 0 347255 0 0 0 Amelia Drozda Chief Advancement & Development Officer 194059 0 9771 0 970 0 8207 0 13637 0 226644 0 0 0 Daniel Bennett Senior Director, Scholarships 159218 0 23129 0 9030 0 6957 0 32245 0 230579 0 0 0 Timothy Gallo Managing Director, Plus Schools and Leadership 154051 0 8402 0 8708 0 5469 0 32522 0 209152 0 0 0 Daniel Kozlowski Managing Director, NWI 156652 0 8307 0 1816 0 6978 0 21309 0 195062 0 0 0 Danielle Robinson Managing Director, School Operations and Patrons Program 157044 0 7930 0 780 0 4607 0 10260 0 180621 0 0 0 Laura Nalley Senior Director, People and Leadership 150218 0 8051 0 876 0 6763 0 23661 0 189569 0 0 0 Maria Ippolito Managing Director, School Marketing and Enrollment 138388 0 6919 0 8705 0 3295 0 510 0 157817 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees Dues to social clubs are paid on behalf of Joshua Hale, President and CEO, to have a place to conduct off-site board meetings and meetings with donors. Dues are not considered taxable income to Mr. Hale. Schedule J, Part I, Line 7 Non-fixed payments ALL ACTIVE EMPLOYEES AT 12/31/2024 WERE ELIGIBLE FOR A BONUS, INCLUDING EMPLOYEES LISTED IN PART VII, BASED ON MEETING ORGANIZATIONAL GOALS DURING THE YEAR. THE BONUS PERCENTAGE IS DETERMINED BY THE CO-CHAIRMEN. THE SAME BONUS PERCENTAGE IS USED FOR ALL EMPLOYEES. THE BONUS PERCENTAGE IS MULTIPLIED BY EACH EMPLOYEES' REGULAR ANNUAL COMPENSATION TO DETERMINE THE DOLLAR AMOUNT OF THE BONUS. 39 2935475 Market value 1 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Combination of both methods Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 1,851,647 including grants of $ 1,088,880)(Revenue $ 130,909) Other program services: GENERAL ACADEMIC ENRICHMENT ACTIVITIES FOR STUDENTS, SUCH AS OUTDOOR EDUCATION, LEARNING ABOUT INVESTMENTS AND THE STOCK MARKET. SUPPORT FOR SCHOOLS HOLDING FUND-RAISING EVENTS. SUPPORTING VOLUNTEER SCHOOL CLEANUP AND MAINTENANCE ACTIVITIES. GRANTS TO SCHOOLS AS DESIGNATED BY DONORS - AGENCY (PASS-THROUGH) TRANSACTIONS. IN ADDITION, BIG SHOULDERS FUND PROVIDES SUPPORT TO STUDENTS, TEACHERS, AND ADMINSTRATORS AT CATHOLIC SCHOOLS PRIMARILY SERVING LOW-INCOME STUDENTS IN NORTHWEST INDIANA THROUGH A RESTRICTED GRANT. SOUTHEAST SIDE EXPERIENCE INCUBATOR (SSEI) PROVIDES STUDENTS AT ST. FRANCIS DE SALES HIGH SCHOOL WITH VALUABLE LIFE AND WORK EXPERIENCES IN A PROFESSIONAL SETTING UTILIZING A WORK STUDY PROGRAM. STUDENTS' ACADEMIC SCHEDULES ARE MODIFIED SO THAT FOUR STUDENTS SHARE ONE FULL-TIME ENTRY-LEVEL JOB. WORK STUDY HOURS PROVIDE STUDENTS WITH AN ENRICHED LEARNING EXPERIENCE AND IS CERTIFIED BY THE US DEPARTMENT OF LABOR. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OFFICERS & KEY EMPLOYEES ON AN ANNUAL BASIS, THE CEO AND SENIOR DIRECTOR, PEOPLE AND LEADERSHIP, PERFORM AN EVALUATION FOR EACH OFFICER AND KEY EMPLOYEE OF THE ORGANIZATION. THIS EVALUATION IS PERFORMED USING A SET OF PREDETERMINED CRITERIA FOR EACH ROLE AND ASSESSING HOW EACH INDIVIDUAL PERFORMED COMPARED TO THESE METRICS. THIS EVALUATION FORMS THE BASIS TO DETERMINE ANY SALARY ADJUSTMENTS. Form 990, Part VI, Line 1a Delegate broad authority to a committee A Board of Trustees, comprised of at least 11 but no more than 35 individuals, is vested with the management of the affairs of the corporation. Each member is entitled to one vote on each matter submitted to a vote of the Board of Trustees. All members of the Board of Trustees are also members of the Board of Directors. The Board of Directors (as many members as deemed appropriate) shall be appointed by the Board of Trustees. The duty of the Board of Directors is to advise the Board of Trustees on any matters for which the Board of Trustees requests their counsel. The opinion of the Board of Directors either individually or as a whole shall not be binding on any actions of the Board of Trustees. The terms Director and Board of Directors do not refer to those legally responsible for governance of the Corporation but are honorary titles only. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Mr. John A. Canning, Jr. and Mr. Timothy P. Sullivan - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 tax return is reviewed by the Audit Committee and the President and is distributed to the Board of Trustees prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy A conflict of interest policy applies to directors, officers, or members of a committee with authority to take action on behalf of the Board of Trustees. An annual notice is sent to all individuals covered under the policy. Any conflict of interest is required to be disclosed to the Board of Trustees prior to the transaction taking place. The Board of Trustees will review relevant information and make a determination on whether or not a conflict exists. Should a conflict exist, no parties subject to the conflict are eligible to discuss or vote on the transaction. All Board of Trustees are also required to report any family or business relationships requiring disclosure on the Form 990. Form 990, Part VI, Line 15a Process to establish compensation of top management official During the fiscal year 2025, the Co-Chairmen deliberated compensation for Josh Hale. Comparative data from other not-for-profit organizations was included as part of deliberations. Contemporaneous documentation and recordkeeping for deliberations and decisions regarding the compensation arrangement was recorded. Co-Chairs are considered to be independent persons. Form 990, Part VI, Line 19 Required documents available to the public Form 990's and financial statements are available at www.bigshouldersfund.org. Governing documents, the conflict of interest policy, and the Form 1023 are provided upon request. Form 990, Part XI, Line 9 Agency Transactions Under generally accepted accounting principles, non-profit organizations must report agency transactions in a specific manner. Agency transactions are contributions received from donors who have designated the use of their funds for a specific beneficiary, such as a donor requesting that their gift be directed to a certain school as a grant. As required under GAAP for financial statement presentation, Big Shoulders Fund excludes these from (net) revenue and reports them as liabilities when received. However, in order to present the true amount of support received from donors, Big Shoulders Fund includes these gifts in total contribution revenue on Line 1 and then includes them as a reconciling item on Part XI, Line 9. Correspondingly, agency expenditures are not included in total expenses. Big Shoulders Fund nets these with the reconciling item for Agency Transactions on Part XI, Line 9. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Adjustment for Agency Transactions - See Schedule O Narrative - 1451727; Adjustment for Agency Transactions - See Schedule O Narrative - -1127762; Total - 323965; SOUTHEAST SIDE EXPERIENCE INCUBATOR L3C 212 W VAN BUREN ST STE 900 Chicago IL 60607 882529374 Educational EXPERIENCE Incubator IL -90328 948 Big Shoulders Fund