CHILDREN FIRST FUND THE CHICAGO PUBLIC SCHOOLS FOUNDATION

EIN: 364094830 501(c)(3) Education

CHICAGO, IL

Total Revenue
$15,132,032
Total Expenses
$17,231,590
Total Assets
$27,358,421
Net Assets
$25,123,845
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
ALAN KING
Phone
3128834977
Tax Period
2024-07-01 to 2025-06-30

CHILDREN FIRST FUND THE CHICAGO PUBLIC SCHOOLS FOUNDATION, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $15.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $17.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF THE CHILDREN FIRST FUND IS TO PROMOTE THE GROWTH AND SUCCESS OF (SEE SCH O) CHICAGO PUBLIC SCHOOLS THROUGH PHILANTHROPY AND PARTNERSHIPS. WE SERVE AS A KNOWLEDGE HUB AND LIAISON BETWEEN CPS AND ITS COMMUNITY OF PARTNERS, INCLUDING BUSINESSES, FOUNDATIONS, AND INDIVIDUALS. BY MATCHING RESOURCES PROVIDED BY EXTERNAL DONORS AND PARTNERS WITH THE STUDENTS, SCHOOLS, AND STAFF THAT NEED THEM MOST, CFF MAXIMIZES THE IMPACT OF CPS' PARTNERSHIPS AND ADVANCES THE CPS VISION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,305,963
Program Service Revenue $0
Investment Income $826,069
Other Revenue $0
TOTAL REVENUE $15,132,032

Expense Breakdown

Grants Paid $9,661,624
Salaries & Benefits $972,431
Fundraising Expenses $496,749
Program Expenses $16,152,495
Other Expenses $6,597,535
TOTAL EXPENSES $17,231,590

Year-over-Year Comparison

2024 2023 Change
Revenue $15,132,032 $17,147,986 -0.1%
Expenses $17,231,590 $21,889,955 -0.2%
Net Income $-2,099,558 $-4,741,969 -0.6%
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

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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
6
Independent Members
6
Employees
5
Volunteers
6

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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA CLARKIN EXECUTIVE DIRECTOR - AS ON 01/2025 40.00
Director
$0 $0 $0
ALAN KING DIRECTOR, CHAIR 1.00
Officer Director
$0 $0 $0
MARY CAHILLANE DIRECTOR, TREASURER 1.00
Officer Director
$0 $0 $0
LIZ DOZIER DIRECTOR 1.00
Director
$0 $0 $0
EVA GIGLIO DIRECTOR - AS ON 06/2025 0.00
Director
$0 $0 $0
ADAM LANGSAM DIRECTOR 1.00
Director
$0 $0 $0
BRYAN STOKES DIRECTOR - AS ON 06/2025 0.00
Director
$0 $0 $0
MARTIN CABRERA DIRECTOR - UNTIL 12/2024 1.00
Director
$0 $0 $0
PETER ELLIS DIRECTOR - UNTIL 02/2025 1.00
Director
$0 $0 $0
PEDRO MARTINEZ EX OFFICIO DIRECT - UNTIL 06/2025 1.00
Director
$0 $0 $0
OLUYEMISI ODEDINA MANAGING DIRECTOR, FINANCE AND OPERATIONS 40.00
Highest
$173,825 $13,064 $186,889
JOHANNA WHEATON DUTT DIRECTOR OF MAJOR GIFTS 40.00
Highest
$147,067 $12,919 $159,986
RACHEL ORLOWSKI DIRECTOR OF INSTITUTIONAL GIVING 40.00
Highest
$123,375 $11,417 $134,792
KENYA MARTIN DIRECTOR OF ROADMAP FUNDRAISING 40.00
Highest
$113,111 $12,553 $125,664
PATRICIA MEDAIRY MANAGER, HR & OPERATIONS 40.00
Highest
$107,000 $2,858 $109,858
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 $15,132,032 $17,231,590 $27,358,421 $-2,099,558
2024 $17,147,986 $21,889,955 $30,400,508 $-4,741,969
2023 $14,344,858 $12,694,309 $33,280,492 $1,650,549
2022 $24,521,086 $19,382,582 $31,844,677 $5,138,504
2021 $26,985,163 $23,295,966 $26,791,850 $3,689,197
2020 $11,460,409 $9,555,749 $22,702,730 $1,904,660
2019 $9,097,725 $8,883,891 $20,326,794 $213,834
2018 $15,857,714 $7,922,927 $19,635,272 $7,934,787
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