DEVRY SCHOLARSHIP FUND

EIN: 363981605 501(c)(3) Education

LISLE, IL

Total Revenue
$214,399
Total Expenses
$261,256
Total Assets
$1,134,904
Net Assets
$1,134,904
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IL
Principal Officer
ALICE ZHONG
Phone
6305057603
Tax Period
2025-01-01 to 2025-12-31

DEVRY SCHOLARSHIP FUND, founded in 1994, is a small nonprofit in the Education sector that reported $214K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $261K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE DEVRY SCHOLARSHIP FUND IS A 501(C)3 PUBLIC CHARITY PROVIDING SCHOLARSHIPS FOR STUDENT RECOGNITION, PERSISTENCE ASSISTANCE, AND DEBT RELIEF FOR CONTINUING STUDENTS AT DEVRY UNIVERSITY AND ITS KELLER GRADUATE SCHOOL OF MANAGEMENT.

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Trantor Score

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

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $172,722
Program Service Revenue $0
Investment Income $41,677
Other Revenue $0
TOTAL REVENUE $214,399

Expense Breakdown

Grants Paid $260,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $260,000
Other Expenses $1,256
TOTAL EXPENSES $261,256

Year-over-Year Comparison

2025 2024 Change
Revenue $214,399 $192,609 +0.1%
Expenses $261,256 $247,546 +0.1%
Net Income $-46,857 $-54,937 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NELSON BROWN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRANNDON KELLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
STEFANIE KHAN DIRECTOR 1.00
Director
$0 $0 $0
SHALOM SUNIULA DIRECTOR 1.00
Director
$0 $0 $0
MIRELA SABANAGIC DIRECTOR 1.00
Director
$0 $0 $0
ALICE ZHONG TREASURER 1.00
Officer
$0 $0 $0
JODI ZANELLA SECRETARY 12.00
Officer
$0 $0 $0
ERIN TURNER EXECUTIVE DIRECTOR 14.00
Officer
$0 $0 $0
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 $214,399 $261,256 $1,134,904 $-46,857
2024 No data No data No data No data
2023 $279,064 $192,500 $1,236,699 $86,564
2022 $99,474 $93,240 $1,150,135 $6,234
2022 $1,196,614 $93,240 $1,150,135 $1,103,374
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