Big Shoulders Fund

EIN: 363490557 501(c)(3) Education

Chicago, IL

Total Revenue
$53,155,887
Total Expenses
$54,884,867
Total Assets
$152,085,991
Net Assets
$129,424,910
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
IL
Phone
3127518337
Tax Period
2024-07-01 to 2025-06-30

Big Shoulders Fund, founded in 1986, is a mid-sized nonprofit in the Education sector that reported $53.2M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $129.4M represent 29 months of operating reserves.

Mission

We provide support to high need schools which provide a quality, values-based education for Chicago and Northwest Indiana's children.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,507,854
Program Service Revenue $130,909
Investment Income $10,487,082
Other Revenue $30,042
TOTAL REVENUE $53,155,887

Expense Breakdown

Grants Paid $41,830,502
Salaries & Benefits $8,758,777
Fundraising Expenses $1,355,756
Program Expenses $51,665,619
Other Expenses $4,295,588
TOTAL EXPENSES $54,884,867

Year-over-Year Comparison

2024 2023 Change
Revenue $53,155,887 $84,776,624 -0.4%
Expenses $54,884,867 $75,889,009 -0.3%
Net Income $-1,728,980 $8,887,615 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
32
Independent Members
32
Employees
114
Volunteers
3457

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$934,894
Total Directors
32
$0
Key Employees
3
$804,478
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Croghan Vice Chairman 1.0
Officer Director
$0 $0 $0
Kenneth J Velo Co-Chairman 25.0
Officer Director
$0 $0 $0
Kent Dauten Co-Chairman 15.0
Officer Director
$0 $0 $0
Arthur R Velasquez Board of Trustees 1.0
Director
$0 $0 $0
Charles K Bobrinskoy Board of Trustees 1.0
Director
$0 $0 $0
Cherryl Thomas Board of Trustees 1.0
Director
$0 $0 $0
Christine E Kelly Board of Trustees 1.0
Director
$0 $0 $0
Christopher Valenti Board of Trustees 1.0
Director
$0 $0 $0
Daniel Doherty Board of Trustees 1.0
Director
$0 $0 $0
David Dury Board of Trustees 1.0
Director
$0 $0 $0
Dennis Fitzsimons Board of Trustees 1.0
Director
$0 $0 $0
Elizabeth Cole Board of Trustees 1.0
Director
$0 $0 $0
Gerald Beeson Board of Trustees 1.0
Director
$0 $0 $0
Giancarlo Turano Board of Trustees 1.0
Director
$0 $0 $0
Gregory Q Brown Board of Trustees 1.0
Director
$0 $0 $0
James A Gordon Board of Trustees 1.0
Director
$0 $0 $0
James Compton Board of Trustees 1.0
Director
$0 $0 $0
James Hoeg Board of Trustees 1.0
Director
$0 $0 $0
John A Canning Jr Board of Trustees 1.0
Director
$0 $0 $0
John Schreiber Board of Trustees 1.0
Director
$0 $0 $0
Kimberly Querrey Board of Trustees 1.0
Director
$0 $0 $0
Larry Richman Board of Trustees 1.0
Director
$0 $0 $0
Lee Henderson Board of Trustees 1.0
Director
$0 $0 $0
Leigh-Anne Kazma Board of Trustees 1.0
Director
$0 $0 $0
Mary Dempsey Board of Trustees 1.0
Director
$0 $0 $0
Stephen King Board of Trustees 1.0
Director
$0 $0 $0
Tao Huang Board of Trustees 1.0
Director
$0 $0 $0
Thomas E Lanctot Board of Trustees 1.0
Director
$0 $0 $0
Thomas Reynolds III Board of Trustees 1.0
Director
$0 $0 $0
Timothy Sullivan Board of Trustees 1.0
Director
$0 $0 $0
William Devers Board of Trustees 1.0
Director
$0 $0 $0
William T Lynch Board of Trustees 1.0
Director
$0 $0 $0
Joshua Hale President and Chief Executive Officer 50.0
Officer
$585,588 $52,879 $638,467
Malcolm Douglas Chief Financial Officer 50.0
Officer
$254,776 $41,651 $296,427
Amelia Drozda Chief Advancement & Development Officer 50.0
Key Emp
$204,800 $21,844 $226,644
Daniel Bennett Senior Director, Scholarships 50.0
Key Emp
$191,377 $39,202 $230,579
Rebecca Lindsay-Ryan Chief Schools Officer 50.0
Key Emp
$292,828 $54,427 $347,255
Daniel Kozlowski Managing Director, NWI 50.0
Highest
$166,775 $28,287 $195,062
Danielle Robinson Managing Director, School Operations and Patrons Program 50.0
Highest
$165,754 $14,867 $180,621
Laura Nalley Senior Director, People and Leadership 50.0
Highest
$159,145 $30,424 $189,569
Maria Ippolito Managing Director, School Marketing and Enrollment 50.0
Highest
$154,012 $3,805 $157,817
Timothy Gallo Managing Director, Plus Schools and Leadership 50.0
Highest
$171,161 $37,991 $209,152
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $53,155,887 $54,884,867 $152,085,991 $-1,728,980
2024 $84,776,624 $75,889,009 $150,134,830 $8,887,615
2023 $65,677,021 $58,940,127 $135,423,582 $6,736,894
2022 $62,883,883 $52,614,506 $125,993,936 $10,269,377
2021 $61,700,078 $42,124,358 $110,535,170 $19,575,720
2020 $31,770,708 $33,216,976 $91,302,966 $-1,446,268
2019 $39,123,383 $26,421,697 $89,994,006 $12,701,686
2018 $31,933,425 $22,166,857 $79,203,116 $9,766,568
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Big Shoulders Fund with other nonprofits in Illinois and across the country.