Northeastern Illinois University Foundation
Northeastern Illinois University Foundation
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About this organization
Mission
Established in 1969, the NEIU foundation functions as an independent Illinois not-for-profit foundation whose corporate mission is to advance the interests and welfare of the university. The foundation is the official fundraising and private gift-receiving agency for Northeastern.
About
The foundation provided the following support to Northeastern Illinois University during the fiscal year ended June 30, 2019: 1) The NEIU foundation raised $2,342,554 in contributions and grants, of which $726,529 were restricted to the foundation's endowment to benefit future students and university operations, including academic and cultural programs, colleges, departments and other units; 2) The NEIU foundation provided a total of $1,696,534 to the university, which included $702,783 for the support of various academic, grant, and institutional activities and $461,484 for scholarships to students, some of whom would not otherwise be able to benefit from the excellent education available at Northeastern Illinois University. Most Northeastern students (70%) receive financial aid of some kind, and a critical part of this support comes from private donations.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “The primary function of the foundation is to develop private support on behalf of the university, to promote the university's mission and to receive and administer contributions. in this way, the foundation plays a vital role in ensuring that the university remains highly affordable, while retaining the highest academic standards. private contributions, when added to state resources, add an extra dimension of support that otherwise would not be possible.”.
When referring to its actions, they were described as: “The primary function is to develop private support on behalf of the university.to promote the university's mission and to receive and administer contributions. in this way, the foundation plays a vital role in ensuring that the university remains highly affordable, while retaining the highest academic standards. private contributions, when added to state resources, add an extra dimension of support that otherwise would not be possible.”.
- According to the law, the state of operation reported by the non-profit is IL.
- As per the filing, the address of the non-profit for 2020 is 5500 NORTH ST LOUIS AVENUE, CHICAGO, IL, 60625.
- According to their form, the non-profit as of 2020 has a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $888,555.
- The organization has 11 independent voting members.
- The organization was formed in 1969.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $14,144 in fundraising expenses.
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