2021-02-25T15:30:46-06:00 2020-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-07-01 363490557 Big Shoulders Fund BIGS 3127518337 212 W Van Buren Street 900 Chicago IL 60607 Joshua Hale President & Chief Executive Officer 2021-02-25 true NICOLE BENCIK P00756195 3128997000 2019 2022-09-23 18:48:47Z Joshua Hale 212 W Van Buren Street 900 Chicago IL 60607 45023315 false X www.bigshouldersfund.org X 1986 IL We provide support to inner-city schools which provide a quality, values-based education for Chicago's children. In 2020, Big Shoulders Fund's programming was extended to the Northwest Indiana region. 32 32 56 3521 6239 -669 36521196 31186076 0 0 2563553 556110 38634 28522 39123383 31770708 19955768 25753327 0 0 3922808 4629972 0 0 918608 2543121 2833677 26421697 33216976 12701686 -1446268 89994006 91302966 8394043 10941034 81599963 80361932 X We provide support to inner-city schools which provide a quality, values-based education for Chicago's children. In 2020, Big Shoulders Fund's programming was extended to the Northwest Indiana region. false false 14962321 13879125 Student Scholarship Programs: Administered over 82 distinct scholarship programs that include mentoring, enrichment and other support activities. 4,751 scholarships were awarded to 4,536 students at 147 elementary and high schools to enable them to attend non-public schools. 9349730 8350673 School operations: Distributed operating and capital grants to multiple schools in an effort to prevent school closures; also assisted schools in improving marketing/recruiting, building new external funding sources, improving school business operations, etc. 3480696 1553513 Academic Enrichment and Leadership Development: Big Shoulders administers over 25 ongoing programs in 92 schools involving over 600 teachers and administrators to improve instruction and learning through leadership and professional development, professional learning communities and access to high quality curricula with focus on math, science, civics, and literacy. Provide a variety of other needed capital and programmatic support to ensure a safe, effective learning environment for nearly 26,000 students through ongoing enrichment programs including a science and leadership camp, afterschool programs, summer programs, and other opportunities for students. 3025196 1970016 Other program services: General academic enrichment activities for students, such as outdoor education, learning about investments and the stock market. Support for schools holding fund-raising events. Supporting volunteer school cleanup and maintenance activities. Grants to schools as designated by donors - agency (pass-through) transactions. In addition, Big Shoulders Fund provides support to students, teachers, and administrators at Catholic schools primarily serving low-income students in Northwest Indiana through a restricted grant. 3025196 1970016 30817943 true true false false false false false true true true true false false false true true false false false true false false false true true false true true true false false false false false false false false true false false false false false false false false true 156 3 true 56 true true true false false false false true true false false false false false false X 32 32 true false false false false false false true true false false true true true true true true true false false IL IN X X Malcolm Douglas 3127518337 212 W Van Buren St Suite 900 Chicago IL 60607 James J OConnor Co-Chairman 30.0 X X 0 0 0 John A Canning Jr Co-Chairman 15.0 X X 0 0 0 John Croghan Vice Chairman 1.0 X X 0 0 0 Kenneth J Velo Co-Chairman 25.0 X X 0 0 0 Andrew J McKenna Executive Committee 1.0 X 0 0 0 Arthur R Velasquez Executive Committee 1.0 X 0 0 0 Charles K Bobrinskoy Executive Committee 1.0 X 0 0 0 Cheryl Thomas Executive Committee 1.0 X 0 0 0 Christine E Kelly Executive Committee 1.0 X 0 0 0 Christopher Valenti Executive Committee 1.0 X 0 0 0 Daniel Doherty Executive Committee 1.0 X 0 0 0 David Dury Executive Committee 1.0 X 0 0 0 Dennis Fitzsimons Executive Committee 1.0 X 0 0 0 Gerald Beeson Executive Committee 1.0 X 0 0 0 Giancarlo Turano Executive Committee 2.0 X 0 0 0 Gregory Q Brown Executive Committee 1.0 X 0 0 0 James A Gordon Executive Committee 1.0 X 0 0 0 James Compton Executive Committee 1.0 X 0 0 0 James Hoeg Executive Committee 1.0 X 0 0 0 John Schreiber Executive Committee 1.0 X 0 0 0 Kent Dauten Executive Committee 2.0 X 0 0 0 Kimberly Querrey Executive Committee 1.0 X 0 0 0 Leigh-Anne Kazma Executive Committee 1.0 X 0 0 0 Mary Dempsey Executive Committee 1.0 X 0 0 0 Michael E Murphy Executive Committee 1.0 X 0 0 0 Stephen King Executive Committee 1.0 X 0 0 0 Tao Huang Executive Committee 1.0 X 0 0 0 Thomas E Lanctot Executive Committee 1.0 X 0 0 0 Thomas Reynolds III Executive Committee 1.0 X 0 0 0 Timothy Sullivan Executive Committee 1.0 X 0 0 0 William Devers Executive Committee 2.0 X 0 0 0 William T Lynch Executive Committee 1.0 X 0 0 0 Joshua Hale President & CEO 50.0 X 517916 0 51984 Malcolm Douglas CFO 50.0 X 203951 0 44515 Amelia Drozda Senior Director, Philanthropy, Partnerships, and Engagement 50.0 X 160541 0 18530 John Moran Senior Director, Patrons Program 50.0 X 195152 0 57434 Rebecca Lindsay-Ryan Senior Director, Academic Programs and External Affairs 50.0 X 195085 0 52736 Thomas Zbierski Senior Director, Scholarship Programs and School Relations 50.0 X 193880 0 31128 Katherine LaMantia Scholarship System Coordinator 32.0 X 112876 0 4565 Laura Nalley Senior Director, People and Leadership 50.0 X 128117 0 35429 Matthew Katzfey Director, Alumni Outreach and High School Development 50.0 X 118336 0 41180 Meika Slotsema Director, Scholarship Program 50.0 X 122223 0 14041 Michaela Metzger Senior Director, Strategy and Communication 32.0 X 123449 0 40602 2071526 0 392144 12 false true false University of Illinois at Chicago 1200 W Harrison St Chicago IL 60607 PROF DEVELOPMENT FOR SCHOOLS 338626 UChicago STEM Education 1427 E 60th Street Chicago IL 60637 PROF DEVELOPMENT FOR SCHOOLS 321918 Loyola University 1032 W Sheridan Road Chicago IL 60660 PROF DEVELOPMENT FOR SCHOOLS 302500 Ziemke Consulting LLC 130 S Canal St 225 Chicago IL 60606 PROF DEVELOPMENT FOR SCHOOLS 255518 Exponent Partners One Market Street Spear Tower 36th Fl San Francisco CA 94105 IT CONSULTING 209090 9 16533 494561 30674982 3203298 31186076 0 0 0 0 0 623372 5011 618361 0 0 0 0 0 0 12913510 12980772 -67262 0 -67262 1228 -68490 244557 494561 256835 -12278 -12278 55800 15000 40800 40800 0 0 0 0 0 0 0 31770708 0 6239 578393 11820341 11820341 13932986 13932986 0 0 0 0 1709586 1180045 360601 168940 2370294 1634527 381103 354664 75347 50375 12687 12285 226865 152835 47427 26603 247880 166155 46189 35536 5487 0 5487 0 67098 0 67098 0 50000 0 50000 0 1219266 1098406 103892 16968 84758 64823 7091 12844 307510 127290 60046 120174 322510 130112 189928 2470 151826 85705 34534 31587 229856 182898 25783 21175 19582 9792 4895 4895 17601 11543 3029 3029 Food and meals 228353 119511 37704 71138 Credit card fees 77665 46106 155 31404 Membership dues 47269 4493 42776 0 Event Planning 4896 0 0 4896 0 0 0 0 33216976 30817943 1480425 918608 76558 131470 17092191 18281844 21910562 23104711 0 0 0 0 0 0 0 0 0 0 103380 87034 344826 260710 63298 84116 7990681 15546727 42746336 34056064 0 0 0 11000 11000 89994006 91302966 498462 857026 1993654 1855990 220100 2108840 0 0 5681827 5473590 0 0 0 0 0 645588 0 0 8394043 10941034 X 26932699 24620686 54667264 55741246 0 0 0 0 0 0 81599963 80361932 89994006 91302966 X -1446268 0 0 0 0 208237 X false true X true false X 22422667 12647103 28986324 36521196 31186076 131763366 0 0 0 0 0 0 0 0 0 0 0 0 22422667 12647103 28986324 36521196 31186076 131763366 28314316 103449050 267220 316987 406465 842810 618361 2451843 0 0 13881 0 0 13881 659861 372545 588411 359807 300357 2280981 136510071 0 0.7578 0.8731 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS REVENUE FROM FUNDRAISING EVENTS, COLUMN A - 594363.0, COLUMN B - 312865.0, COLUMN C - 535970.0, COLUMN D - 315935.0, COLUMN E - 244557.0, COLUMN F - 2003690.0; DESCRIPTION - OTHER INCOME, COLUMN A - 2850.0, COLUMN B - 4400.0, COLUMN C - 4840.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 12090.0; DESCRIPTION - GROSS REVENUE FROM GAMING ACTIVITIES, COLUMN A - 62648.0, COLUMN B - 55280.0, COLUMN C - 47601.0, COLUMN D - 43872.0, COLUMN E - 55800.0, COLUMN F - 265201.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 36246429 67580 305476 531910 1169698 50000 34867877 36321080 -266216 1842220 484668 1115987 50000 36246429 33463022 1256487 3229702 468353 1109778 50000 36321080 29960838 332954 4763478 437182 1116618 40448 33463022 33571000 334396 -2352658 432078 1120708 39114 29960838 0.63 0.31 0.06 false false 0 0 0 0 0 147789 135389 12400 137053 75294 61759 59984 50027 9957 84116 Large Cap Equity Fund 6101343 F Small Cap Equity Fund 1894180 F International Equity 7480338 F Hedged Equity Fund 6060848 F Private Equity 513999 F Absolute Return Fund 5985315 F Alternative Fixed Income Fund 1164470 F Fixed Income Fund 4855571 F 34056064 0 X 24788986 0 509140 0 -7435966 -6926826 31715812 50000 4896 54896 31770708 26027017 509140 0 0 -7644203 -7135063 33162080 50000 4896 54896 33216976 Schedule D, Part IV, Line 2b Explanation of escrow agreement Big Shoulders Fund receives donations classified for accounting purposes as agency transactions designated for specific beneficiaries. Donations are deposited into Big Shoulders Fund bank accounts and recorded as liabilities until paid. Donations are tracked using the same method as other restricted donations. Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are used per donor restrictions for scholarships, programs, and other expenses. Earnings on Board designated endowments are used for administrative expenses, which may include program, management, and fundraising expenses. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Fund has received a determination letter from the Internal Revenue Service indicating that the Fund is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code of 1986 and, except for taxes pertaining to unrelated business income, is exempt from federal and state income taxes. The Fund is classified as a public charity under Section 509(a)(1) and Section 170(b)(1)(A)(vi), an organization that normally receives a substantial part of its support from direct or indirect contributions from the general public. The Fund recognizes a tax position as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Fund does not expect the total amount of unrecognized tax benefits to significantly change in the next twelve months. The Fund has applied this criterion to all tax positions for which the statute of limitations remains open. Tax years open to examination by tax authorities under the statute of limitations include fiscal years ended June 2017 through 2020. The Fund recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Fund has no amounts accrued for interest or penalties as of June 30, 2020 and 2019. The Fund has determined that its tax provisions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2020. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 adjustment for agency transaction receipts see schedule O for narrative - -7435966 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Event planning expenses netted with revenue on audited statements for Annual Dinner and Bowl events that were postponed/cancelled due to COVID-19 - 4896 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 adjustment for agency transaction distributions see schedule o narrative - -7644203 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Event planning expenses netted with revenue on audited statements for Annual Dinner and Bowl events that were postponed/cancelled due to COVID-19 - 4896 Central America and the Caribbean 0 0 Investments 14716694 0 0 0 0 0 0 14716694 0 14716694 true false true true true false Golf Outing 618423 404594 213829 10555 74756 35000 63858 Ball Event 120695 89967 30728 6755 28117 37794 0 739118 494561 244557 10555 81511 63117 101652 256835 -12278 55800 15000 true 0.92 55800 15000 IL true false false false 0.0 1.0 MALCOLM DOUGLAS 212 W Van Buren Street Suite 900 Chicago IL 60607 false Joshua Hale 0 President & CEO X false 0 Schedule G, Part III, Line 16 Gaming Manager Compensation Mr. Hale is not separately compensated for his oversight of any gaming activities. true Academy of St Benedict (Laflin Campus) 6020 S Laflin St Chicago IL 60636 362171119 501c3 361016 PP DDG LA Annunciata School 3750 E 112th Street Chicago IL 60617 362170752 501c3 34503 PP SM Aquinas Catholic School 801 W 73rd Avenue Merrillville IN 46410 351162553 501c3 49386 SPG Augustus Tolton Academy 7120 S Calumet Ave Chicago IL 60619 362170979 501c3 502964 PP LA AE STEM Bishop Noll Institute 1519 Hoffman Street Hammond IN 46327 351007097 501c3 7868 SPG Children of Peace SchoolHoly Trinity 1900 W Taylor St Chicago IL 60612 362212711 501c3 198401 OP LA ED SM Christ the King Elementary 9240 S Hoyne Ave Chicago IL 60620 362170835 501c3 6600 SPG Christ the King Jesuit College Preparatory School 5088 W Jackson Blvd Chicago IL 60644 260556958 501c3 5589 SPG Cristo Rey Jesuit High School 1852 W 22nd Place Chicago IL 60608 364067306 501c3 15550 DDG MO Cristo Rey St Martin College Prep 3106 Belvidere Rd Waukegan IL 60085 421597059 501c3 72432 CG Epiphany School 4223 W 25th St Chicago IL 60623 362412597 501c3 249829 OP DDG LA ED SM Holy Angels School 750 E 40th St Chicago IL 60653 362747560 501c3 374471 PP OP LA SM Holy Trinity High School 1443 W Division St Chicago IL 60642 362171703 501c3 24597 SPG Immaculate Conception School (Exchange) 8739 S Exchange Avenue Chicago IL 60617 363310936 501c3 92478 PP LA Josephinum Academy 1501 N Oakley Blvd Chicago IL 60622 362167764 501c3 30030 FR SM AE Leo High School 7901 S Sangamon St Chicago IL 60620 362182061 501c3 352278 DDG OP SM Maternity BVM School 1537 N Lawndale Ave Chicago IL 60651 362171722 501c3 345268 PP OP LA SM Most Blessed Trinity Academy 510 Grand Avenue Waukegan IL 60085 470955784 501c3 215457 PP OP LA DDG Northside Catholic Academy 6216 N Glenwood Avenue Chicago IL 60660 363956710 501c3 35673 ED SM Our Lady of Grace School 2446 N Ridgeway Ave Chicago IL 60647 362170886 501c3 298647 PP OP DDG ED SM Our Lady of Guadalupe School 9050 S Burley Avenue Chicago IL 60617 362743254 501c3 487175 PP OP STEM LA SM Our Lady of Tepeyac Elementary School 2235 S Albany Ave Chicago IL 60623 363409095 501c3 188058 OP DDG LA PP SM Our Lady of Tepeyac High School 2228 S Whipple St Chicago IL 60623 364202108 501c3 14581 DDG SM STEM EA Our Lady of the Snows School 4810 S Leamington Ave Chicago IL 60638 362401758 501c3 18030 LA ED SM Pope John Paul II Catholic School 4325 S Richmond St Chicago IL 60632 362170859 501c3 309228 OP ED STEM Queen of the Universe School 7130 S Hamlin Ave Chicago IL 60629 362583566 501c3 231490 OP LA SM Sacred Heart School (Chicago) 2926 E 96th St Chicago IL 60617 362171734 501c3 63580 OP PD STEM San Miguel School - Back of the Yards 1949 W 48th Street Chicago IL 60609 364378726 501c3 13083 SM FR AE St Agnes of Bohemia School 2643 S Central Park Ave Chicago IL 60623 363552287 501c3 121618 OP PD SM St Ailbe School 9037 S Harper Ave Chicago IL 60619 362170926 501c3 246799 PP OP LA SPG SM St Angela School 1332 N Massasoit Ave Chicago IL 60651 364091553 501c3 311087 OP PP DDG SPG SM St Ann School (Chicago) 2211 W 18th Pl Chicago IL 60608 362284297 501c3 247319 OP PD DDG SPG St Bede the Venerable School 4440 W 83rd St Chicago IL 60652 364055633 501c3 62139 OP DDG SM STEM St Bruno School 4839 S Harding Ave Chicago IL 60632 362170961 501c3 88500 PP LA STEM ED St Casimir School 4329 Cameron Avenue Hammond IN 46327 350883494 501c3 8741 SPG St Catherine of SienaSt Lucy School 27 W Washington Oak Park IL 60302 362170969 501c3 205831 PP OP LA DDG ED St Constance School 5841 W Strong St Chicago IL 60630 363965141 501c3 116999 PP ED SM St Ethelreda School 8734 S Paulina St Chicago IL 60620 362182112 501c3 582851 PP OP LA DDG ED St Francis de Sales High School (Chicago) 10155 S Ewing Ave Chicago IL 60617 362435876 501c3 981382 OP PP DDG St Gabriel School 4500 South Wallace Street Chicago IL 60609 362707503 501c3 112051 PP DDG SM St Gall School 5515 S Sawyer Ave Chicago IL 60629 362704905 501c3 166628 PP OP LA SM ED St Genevieve School 4854 W Montana St Chicago IL 60639 362171008 501c3 281346 PP OP SM St Helen School 2347 W Augusta Blvd Chicago IL 60622 362373447 501c3 131382 PP ED SM FR St John Berchmans School 2511 W Logan Blvd Chicago IL 60647 362171034 501c3 6740 SPG St John de la Salle Catholic Academy 10212 S Vernon Ave Chicago IL 60628 362171032 501c3 290310 OP SM ED STEM St John the Baptist 1844 Lincoln Avenue Whiting IN 46394 350883499 501c3 7616 SPG St Malachy School 2252 W Washington Blvd Chicago IL 60612 364091553 501c3 290862 PP OP SPG DDG PD St Margaret of Scotland School 9833 S Throop St Chicago IL 60643 362367986 501c3 280063 PP LA ED SM St Mary of the Lake School 1026 W Buena Ave Chicago IL 60613 362171076 501c3 58160 PP LA ED SM St Mary Star of the Sea School 6424 S Kenneth Ave Chicago IL 60629 362848256 501c3 151225 OP LA SM ED STEM St MatthiasTransfiguration School 4910 N Claremont Ave Chicago IL 60625 362171089 501c3 8905 ED SM STEM St Nicholas of Tolentine School 3741 W 62nd St Chicago IL 60629 362182132 501c3 410680 OP PP LA SM ED St Nicholas Ukrainian Cathedral School 2200 W Rice St Chicago IL 60622 131026995 501c3 64626 LA ED SM STEM St Philip Neri School 2110 E 72nd St Chicago IL 60649 362171115 501c3 243559 OP PP DDG ED St Pius V School 1919 S Ashland Ave Chicago IL 60608 362240477 501c3 267312 OP PP DDG ED SM St Procopius School 1625 S Allport St Chicago IL 60608 363352367 501c3 173706 OP PP SM St Sabina Academy 7801 S Throop St Chicago IL 60620 362171123 501c3 290595 OP PP ED St Stanislaus Kostka School 1255 N Noble St Chicago IL 60622 362171128 501c3 35713 PP ED SM St Sylvester School 3027 W Palmer Square Chicago IL 60647 362488067 501c3 297470 PP OP LA ED SM STEM St Symphorosa School 6125 S Austin Ave Chicago IL 60638 362171135 501c3 8129 IE STEM SM St Therese School 247 W 23rd St Chicago IL 60616 362240479 501c3 40408 STEM SM St Thomas of Canterbury School 4827 N Kenmore Ave Chicago IL 60640 362240480 501c3 21966 LA AR SM ED STEM St Thomas the Apostle School 5467 S Woodlawn Ave Chicago IL 60615 362171144 501c3 19965 FR SM STEM St Walter School 11741 S Western Ave Chicago IL 60643 362337889 501c3 203116 DDG SM St William School 2559 N Sayre Ave Chicago IL 60707 362171154 501c3 35558 OP LA SM ED STEM Visitation School 900 W Garfield Blvd Chicago IL 60609 363648506 501c3 356498 PP OP ED SM STEM 66 0 Scholarships to elementary and high school students 4536 13759087 Scholarship to teachers - leadership/teacher development 21 79159 Scholarships to college students 29 94740 Schedule I, Part II Basis of Accounting Although Big Shoulders Fund prepares its financial statements on the accrual basis, Schedule I Part II has been prepared on the cash basis. Big Shoulders Fund believes this method is more informative as it shows actual cash outlays during the year, including both direct payments to schools and payments made on behalf of schools. On the accrual basis, multi-year grants pledged but not paid in the current year would be included in this schedule, but cash payments to schools as a result of previous multi-year grants would not be included. This could cause a misunderstanding regarding the actual annual support that the Big Shoulders Fund provides to certain schools during each school year. Schedule I, Part II, Line 1(h) Purpose of grant or assistance Code Legend AE.........other academic enrichment AR.........alumni records CG.........capital grant DDG......donor designated grant EC.........early childhood ED.........extended day FR.........fundraising event HI..........health initiative IE...........inclusive education LA..........leadership award MO........marketing/operating assistance OP.........operating grant PD........professional development PP.........patron program SD........service days SPG......special program grants STEM....science, tech, eng, math SM........stock market Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Procedures for monitoring the use of grant funds differ based on the type of grant awarded. Schools eligible for support are reviewed each year to ensure they meet the criteria (in the City of Chicago, student population has over 20% who qualify for free or reduced lunch and participate in Title I programs). Schools report annually on indicators including financial viability, enrollment, student academic performance, and demographic characteristics of students served. Renewable scholarship awards include regular progress monitoring and reporting by the individual schools on students. Patron program funds are only distributed upon agreement of Patron, School Principal, and Big Shoulders Fund, and requires substantiation through receipting or accounting of use of funds. Programmatic and capital support requires a minimum of annual reports on use of funds and demonstrated measurable objectives met through the funding. Big Shoulders Fund staff regularly visit (at least 2 - 5 times per year) schools and meet with school leadership to ensure schools are using funds as indicated by the requirement of each type of support. X X true true X X X false false false false false false false true false Joshua Hale President & CEO 474976 0 24085 0 18855 0 8066 0 43918 0 569900 0 0 0 Malcolm Douglas CFO 192650 0 10185 0 1116 0 8023 0 36492 0 248466 0 0 0 John Moran Senior Director, Patrons Program 181662 0 9874 0 3616 0 8274 0 49160 0 252586 0 0 0 Rebecca Lindsay-Ryan Senior Director, Academic Programs and External Affairs 184491 0 9874 0 720 0 8294 0 44442 0 247821 0 0 0 Thomas Zbierski Senior Director, Scholarship Programs and School Relations 182989 0 9265 0 1626 0 7783 0 23345 0 225008 0 0 0 Amelia Drozda Senior Director, Philanthropy, Partnerships, and Engagement 152160 0 7673 0 708 0 6445 0 12085 0 179071 0 0 0 Michaela Metzger Senior Director, Strategy and Communication 104204 0 6419 0 12826 0 5392 0 35210 0 164051 0 0 0 Laura Nalley Senior Director, People and Leadership 120780 0 6590 0 747 0 5536 0 29893 0 163546 0 0 0 Matthew Katzfey Director, Alumni Outreach and High School Development 111387 0 6215 0 734 0 3263 0 37917 0 159516 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments See above. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Dues to social clubs are paid on behalf of Joshua Hale, President and CEO, to have a place to conduct off-site board meetings and meetings with donors. In 2019 this was treated as a taxable benefit with a gross up payment. Schedule J, Part I, Line 7 Non-fixed payments A bonus was paid to all active employees at 12/31/2019, including employees listed in Part VII, based on meeting organizational goals during the year. The bonus percentage is determined by the Co-chairmen. The same bonus percentage is used for all employees. The bonus percentage is multiplied by each employees regular annual compensation to determine the dollar amount of the bonus. X 72 3162898 Market value X Office furniture & fixtures related to leasehold improvements 1 40400 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Combination of both methods Other - Office furniture & fixtures related to leasehold improvements number of contributions Form 990, Part III, Line 4d Description of other program services (Expenses $ 3,025,196 including grants of $ 1,970,016) Other program services: General academic enrichment activities for students, such as outdoor education, learning about investments and the stock market. Support for schools holding fund-raising events. Supporting volunteer school cleanup and maintenance activities. Grants to schools as designated by donors - agency (pass-through) transactions. In addition, Big Shoulders Fund provides support to students, teachers, and administrators at Catholic schools primarily serving low-income students in Northwest Indiana through a restricted grant. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OFFICERS & KEY EMPLOYEES ON AN ANNUAL BASIS, THE CEO AND SENIOR DIRECTOR, PEOPLE AND LEADERSHIP, PERFORM AN EVALUATION FOR EACH OFFICER AND KEY EMPLOYEE OF THE ORGANIZATION. THIS EVALUATION IS PERFORMED USING A SET OF PREDETERMINED CRITERIA FOR EACH ROLE AND ASSESSING HOW EACH INDIVIDUAL PERFORMED COMPARED TO THESE METRICS. THIS EVALUATION FORMS THE BASIS TO DETERMINE ANY SALARY ADJUSTMENTS. Form 990, Part VI, Line 1a Delegate broad authority to a committee An Executive Committee, comprised of at least 11 but no more than 35 individuals, is vested with the management of the affairs of the corporation. Each member is entitled to one vote on each matter submitted to a vote of the Executive Committee. All members of the Executive Committee are also members of the Board of Directors. The Board of Directors (as many members as deemed appropriate) shall be appointed by the Executive Committee. The duty of the Board of Directors is to advise the Executive Committee on any matters for which the Executive Committee requests their counsel. The opinion of the Board of Directors either individually or as a whole shall not be binding on any actions of the Executive Committee. The terms "Director" and "Board of Directors" do not refer to those legally responsible for governance of the Corporation but are honorary titles only. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Mr. Thomas A. Reynolds III, Mr. Thomas E. Lanctot - Family relationship, Mr. John A. Canning, Jr., Timothy P. Sullivan - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 tax return is reviewed by the Audit Committee and the President and is distributed to the governing body prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy A conflict of interest policy applies to directors, officers, or members of a committee with authority to take action on behalf of the Executive Committee. An annual notice is sent to all individuals covered under the policy. Any conflict of interest is required to be disclosed to the Executive Committee prior to the transaction taking place. The Executive Committee will review relevant information and make a determination on whether or not a conflict exists. Should a conflict exist, no parties subject to the conflict are eligible to discuss or vote on the transaction. All Executive Committee members are also required to report any family or business relationships requiring disclosure on the Form 990. Form 990, Part VI, Line 15a Process to establish compensation of top management official During the fiscal year 2020, a sub-committee made up of Co-Chairmen and selected members of the Executive Committee deliberated compensation for Josh Hale. Comparative data from other not-for-profit organizations was included as part of deliberations. Contemporaneous documentation and recordkeeping for deliberations and decisions regarding the compensation arrangement was recorded. All members of the sub-committee are considered to be independent persons. Form 990, Part VI, Line 19 Required documents available to the public Form 990's and financial statements are available at www.bigshouldersfund.org. Governing documents and the conflict of interest policy are provided upon request. Form 990, Part XI, Line 9 Agency Transactions Under generally accepted accounting principles, non-profit organizations must report agency transactions in a specific manner. Agency transactions are contributions received from donors who have designated the use of their funds for a specific beneficiary, such as a donor requesting that their gift be directed to a certain school as a grant. As required under GAAP for financial statement presentation, Big Shoulders Fund excludes these from (net) revenue and reports them as liabilities when received. However, in order to present the true amount of support received from donors, Big Shoulders Fund includes these gifts in total contribution revenue on Line 1 and then includes them as a reconciling item on Part XI, Line 9. Correspondingly, agency expenditures are not included in total expenses. Big Shoulders Fund nets these with the reconciling item for Agency Transactions on Part XI, Line 9. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Adjustment for Agency Transactions - See Schedule O Narrative - 7644203; Adjustment for Agency Transactions - See Schedule O Narrative - -7435966;