Chicago State Foundation

EIN: 473644945 501(c)(3) Education

Chicago, IL

Total Revenue
$6,185,493
Total Expenses
$4,483,012
Total Assets
$11,531,717
Net Assets
$11,120,046
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IL
Phone
7739955300
Tax Period
2024-07-01 to 2025-06-30

Chicago State Foundation, founded in 2015, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 28% operating margin.

Mission

The mission of Chicago State Foundation is to advance the interest and welfare of CSU by building relationships, securing philanthropic support, stewarding assets and otherwise procuring private support on behalf of the University. Working in concert with the President of CSU, Chicago State Foundation helps to identify strategic priorities, raise public awareness for the University and secure private support to create new opportunities for students.

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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 $4,800,047
Program Service Revenue $61,057
Investment Income $1,444,984
Other Revenue $-120,595
TOTAL REVENUE $6,185,493

Expense Breakdown

Grants Paid $3,949,568
Salaries & Benefits $25,000
Fundraising Expenses $150,288
Program Expenses $4,189,592
Other Expenses $508,444
TOTAL EXPENSES $4,483,012

Year-over-Year Comparison

2024 2023 Change
Revenue $6,185,493 $3,209,807 +0.9%
Expenses $4,483,012 $2,235,920 +1.0%
Net Income $1,702,481 $973,887 +0.7%
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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Governance

Voting Members
22
Independent Members
21
Employees
N/A
Volunteers
50

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
6
$191,808
Total Directors
23
$191,808
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John C Robak Board Chair 2.00
Officer Director
$0 $0 $0
Lafayette Kyle Ford Board Vice Chair 2.00
Officer Director
$0 $0 $0
Leslie J Anderson - Rutland Board Treasurer 2.00
Officer Director
$0 $0 $0
Joseph Cancila Jr Board Secretary 2.00
Officer Director
$0 $0 $0
Erin Inman Member at Large 2.00
Director
$0 $0 $0
Yemi Akisanya Board Member 2.00
Director
$0 $0 $0
Andre Baker Board Member 2.00
Director
$0 $0 $0
Dorothy Capers Board Member 2.00
Director
$0 $0 $0
Spring Capers Board Member 2.00
Director
$0 $0 $0
Donna Coaxum Board Member 2.00
Director
$0 $0 $0
Eric Dushime Board Member 2.00
Director
$0 $0 $0
Kimberly Evans Board Member 2.00
Director
$0 $0 $0
Kristin Finney Cooke Board Member 2.00
Director
$0 $0 $0
Jeanne M Gills Board Member 2.00
Director
$0 $0 $0
Michael Harris Board Member 2.00
Director
$0 $0 $0
Nick Hnatiw Board Member 2.00
Director
$0 $0 $0
Katrina D Jackson Board Member 2.00
Director
$0 $0 $0
Jason Mercer Board Member 2.00
Director
$0 $0 $0
Peggy Montes Board Member 2.00
Director
$0 $0 $0
Angelique David Ex Officio 2.00
Director
$0 $0 $0
Zaldwaynaka 'Z' Scott Ex Officio 2.00
Officer Director
$0 $0 $0
Melanie Sillas President 50.00
Officer Director
$0 $13,169 $191,808
Andrea Zopp Ex Officio 2.00
Director
$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 $6,185,493 $4,483,012 $11,531,717 $1,702,481
2024 No data No data No data No data
2023 $3,778,078 $2,476,706 $9,471,118 $1,301,372
2022 $811,445 $3,883,942 $7,912,596 $-3,072,497
2021 $3,855,145 $1,814,373 $10,251,997 $2,040,772
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