2021-05-13T11:04:15-05:00 2020-06-30 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE SUITE 550 MILWAUKEE WI 53202 990 2019-07-01 465768451 THE DREXEL FUND DREX 6177788118 135 W WELLS STREET NO 100 MILWAUKEE WI 53203 JOHN ERIKSEN MANAGING PARTNER 6177788118 2021-05-13 1 RENEE MESSING P01872384 4142711451 2021-05-13 2019 2022-09-23 18:48:47Z JOHN ERIKSEN 135 W WELLS STREET NO 100 MILWAUKEE WI 53203 10554023 0 X WWW.DREXELFUND.ORG X 2015 CA THE DREXEL FUND IS A VENTURE PHILANTHROPY FUND THAT INVESTS AND PARTNERS IN THE GROWTH OF HIGH QUALITY, FINANCIALLY SUSTAINABLE NETWORKS OF FAITH BASED ON OTHER PRIVATE SCHOOLS 9 8 5 0 0 0 4336857 10500081 0 0 55140 35028 1128 18914 4393125 10554023 3124500 3175847 0 0 1133423 930720 0 0 33620 469269 318563 4727192 4425130 -334067 6128893 9385438 15503287 7055510 2254468 2329928 13248819 THE DREXEL FUND IS A VENTURE PHILANTHROPY FUND THAT INVESTS AND PARTNERS IN THE GROWTH OF HIGH QUALITY, FINANCIALLY SUSTAINABLE NETWORKS OF FAITH BASED OR OTHER PRIVATE SCHOOLS 0 0 4128909 3175847 GRANTS TO FAITH BASED OR PRIVATE SCHOOLS 4128909 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 5 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MITZI KEEL 6177788118 135 W WELLS STREET MILWAUKEE WI 53203 BJ CASSIN CHAIRMAN 2.00 X X 0 0 0 THOMAS J HEALEY TREASURER 2.00 X X 0 0 0 NICK HOWLEY TRUSTEE 2.00 X 0 0 0 DARREN JACKSON SECRETARY 2.00 X 0 0 0 DARLA ROMFO TRUSTEE 2.00 X 0 0 0 DR DANIEL SCOGGIN TRUSTEE 2.00 X 0 0 0 CHRISTOPHER WILSON TRUSTEE 2.00 X 0 0 0 JOHN ERIKSEN MANAGING PARTNER 40.00 X X 262500 0 37679 MICHAEL MESSNER TRUSTEE 2.00 X 0 0 0 MITZI KEEL CFO 20.00 X 108173 0 19571 ABIGAIL SCHUMWINGER PARTNER AND INVESTMENT DIRECTOR 40.00 X 209135 0 48434 WILLIAM OLSEN DIRECTOR 40.00 X 146102 0 0 COURTNEY COLLINS SHAPIRO PARTNER 40.00 X 106420 0 0 832330 0 105684 5 0 1 0 0 10500081 10500081 35028 35028 13530 0 13530 13530 13530 OTHER INCOME 522210 5384 5384 5384 10554023 53942 0 0 2913786 2913786 262061 262061 431727 226172 175399 30156 376165 376165 37079 37079 72060 72060 13689 13689 5043 5043 139678 139678 62042 62042 4942 4942 103252 88219 11569 3464 OTHER EXPENSE 3606 3606 4425130 4128909 262601 33620 39381 203041 340589 371197 6623887 13175825 2864 2381581 1750360 9385438 15503287 23108 12054 7020000 2242414 12402 0 7055510 2254468 X -334067 314152 2663995 12934667 2329928 13248819 9385438 15503287 6128893 4789998 0 X 0 1 X 1 0 X 5710000 3196661 6211434 4336857 10500079 29955031 5710000 3196661 6211434 4336857 10500079 29955031 16707916 13247115 1831 1775 24022 56268 35028 118924 11395 3016 170 14581 30088536 0.44030 0.61460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 10554023 0 10554023 0 10554023 4425130 0 4425130 0 4425130 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF JUNE 30, 2020, THE ORGANIZATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. 1 ACADEMY PREP FOUNDATION 1021 LAKELAND HILLS BLVD LAKELAND FL 33805 593377240 501(C)(3) 80600 PRIVATE SCHOOL FUNDING ALYSSUM MONTESSORI SCHOOL 916 S CALHOUN FORT WAYNE IN 46802 812826681 501(C)(3) 3500 PRIVATE SCHOOL FUNDING AZALEA MONTESSORI 4502 CARTER AVE NORWOOD OH 45212 812826681 501(C)(3) 13500 PRIVATE SCHOOL FUNDING BADER HILLEL HIGH SCHOOL 6789 N GREEN BAY AVE GLENDALE WI 53209 823683003 501(C)(3) 103500 PRIVATE SCHOOL FUNDING BUILD UP 2301 AVENUE E BIRMINGHAM AL 35218 822592447 501(C)(3) 105600 PRIVATE SCHOOL FUNDING CRISTO REY ATLANTA 222 PIEDMONT AVE NE ATLANTA GA 30308 455550340 501(C)(3) 50000 PRIVATE SCHOOL FUNDING CRISTO REY NETWORK 11 E ADAMS ST STE 800 CHICAGO IL 60603 043730980 501(C)(3) 333586 PRIVATE SCHOOL FUNDING EDUCATE TOMORROW 1717 N BAYSHORE DR STE 203 MIAMI FL 33132 510493526 501(C)(3) 100000 PRIVATE SCHOOL FUNDING FOX FLOWER MONTESSORI 871 RIVERSIDE DR ASHEVILLE NC 28804 812826681 501(C)(3) 3500 PRIVATE SCHOOL FUNDING FUGEES FAMILY INC 1933 E DUBLIN GRANVILLE RD 117 COLUMBUS OH 43229 205771149 501(C)(3) 305600 PRIVATE SCHOOL FUNDING GOOD SHEPHERD NATIVITY MISSION SCHOOL 1839 AGRICULTURE ST NEW ORLEANS LA 70119 820701910 501(C)(3) 157600 PRIVATE SCHOOL FUNDING HAWTHORN MONTESSORI SCHOOL 871 RIVERSIDE DR ASHEVILLE NC 28804 812826681 501(C)(3) 3500 PRIVATE SCHOOL FUNDING KINGDOM PREP LUTHERAN HS 2520 N WAWATOSA AVE WAUWATOSA WI 53213 390842084 501(C)(3) 282600 PRIVATE SCHOOL FUNDING KINGS ACADEMY 504 BRAMBLEWOOD DR NASHVILLE TN 37220 501(C)(3) 100000 PRIVATE SCHOOL FUNDING LUMIN SCHOOLS 8242 N GRANVILLE RD MILWAUKEE WI 53224 161616550 501(C)(3) 5600 PRIVATE SCHOOL FUNDING MAGNOLIA MONTESSORI 950 S 3RD ST LOUISVILLE KY 40203 812826681 501(C)(3) 35000 PRIVATE SCHOOL FUNDING OPEN SKY EDUCATION 20935 SWENSON DR STE 101 WAUKESHA WI 53186 205033694 501(C)(3) 7600 PRIVATE SCHOOL FUNDING PARTNERSHIP SCHOOLS 1011 FIRST AVE STE 1800 NEW YORK NY 10022 133976873 501(C)(3) 675000 PRIVATE SCHOOL FUNDING SAILFUTURE 2900 68TH AVE SOUTH ST PETERSBURG FL 33712 463271817 501(C)(3) 80000 PRIVATE SCHOOL FUNDING SETON EDUCATION PARTNERS 1562 FIRST AVE NO 205-2219 NEW YORK NY 10028 262782492 501(C)(3) 100000 PRIVATE SCHOOL FUNDING SOUTH BEND MONTESSORI HIGH SCHOOL 333 W COLFAX AVE SOUTH BEND IN 46601 842903954 501(C)(3) 67000 PRIVATE SCHOOL FUNDING STARS GLOBAL 10870 SW113 PL MIAMI FL 33176 473343928 501(C)(3) 15000 PRIVATE SCHOOL FUNDING THE ECCLESIAL SCHOOLS INITIATIVE 3348 W STATE RD 426 OVIEDO FL 32765 834679660 501(C)(3) 80000 PRIVATE SCHOOL FUNDING THE ECO-COLLECTIVE FARM SCHOOL 1851 HIGHLAND AVE MELBOURNE FL 32935 813174974 501(C)(3) 50000 PRIVATE SCHOOL FUNDING THE OAKS ACADEMY 2301 N PARK AVE INDIANAPOLIS IN 46205 322050595 501(C)(3) 155500 PRIVATE SCHOOL FUNDING FOUNDERS PROGRAM GRANT 7 56865 SEED GRANTS 7 47784 LEARNING PLAN 4 153642 NETWORK GRANTS 1 270 COVID 19 RELEIF FUNDS 1 3500 PART I, LINE 2: GRANT FUNDING IS APPROVED BY THE BOARD OF TRUSTEES. AGREEMENTS ARE CREATED FOR THE GRANTS THAT ARE AWARDED. THE BOARD FOLLOWS UP AND VERIFIES THAT THE GRANT FUNDS ARE BEING USED FOR THE INTENDED PURPOSE. 0 0 0 0 0 0 0 0 0 JOHN ERIKSEN MANAGING PARTNER 262500 0 0 0 0 0 26250 0 11429 0 300179 0 0 0 ABIGAIL SCHUMWINGER PARTNER AND INVESTMENT DIRECTOR 209135 0 0 0 0 0 20914 0 27520 0 257569 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DREXEL FUND HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE. IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATION GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION, THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AN PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING FORM 990, PART VI, SECTION B, LINE 12C THE DREXEL FUND CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 THE DREXEL FUND MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 135 WEST WELLS STREET SUITE 100, MILWAUKEE, WI 53203. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATION OFFICE AT WEST WELLS STREET SUITE 100, MILWAUKEE, WI 53203