Big Shoulders Fund
Big Shoulders Fund
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About this organization
Mission
We provide support to schools with demonstrated need which provide a quality, values-based education for Chicago’s children.
About
Inspired by Joseph Cardinal Bernardin, Big Shoulders Fund was founded by a group of business and civic leaders in 1986 to provide support to Catholic schools with demonstrated need in Chicago. For more than 37 years, Big Shoulders Fund has helped Chicago’s children in need achieve their dreams through access to a quality, values-based education. We accomplish this by investing more than $40 million annually in scholarship support and academic enrichment for students, operational improvements for schools, leadership development programs for the next generation of school leaders, and academic programs and professional development for teachers. Big Shoulders is unique in that administrative expenses are supported by an endowment and other income, which ensures 100 percent of funds currently raised go toward programs that benefit Big Shoulders Fund schools and the students they serve. For over sixteen years in a row, we have earned a four-star rating from Charity Navigator for operating efficiently and transparently, a status held by just one percent of charities. It is important to Big Shoulders Fund that all donors are informed and educated on the organization’s health and success.
Interesting data from their 2020 990 filing
The non-profit's aim, as stated in the filing, is “We provide support to inner-city schools which provide a quality, values-based education for chicago's children.”.
When referring to its actions, they were outlined as: “We provide support to inner-city schools which provide a quality, values-based education for chicago's children.”.
- The non-profit has complied with legal obligations by reporting their state of operation as IL.
- The non-profit's address in 2020 is noted in the filing as 212 W Van Buren Street 900, Chicago, IL, 60607.
- The non-profit's form for 2020 reports a total of 54 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Provides credit counseling.
- Has foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $12,701,686.
- The salary policy for the CEO of the organization is established through a review and approval by an impartial party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 31 independent voting members.
- The organization was formed in 1986.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $3,922,808 in salary, compensation, and benefits to its employees.
- The organization pays $901,197 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.