2020-05-18T11:11:52-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2018-07-01 465768451 THE DREXEL FUND DREX 6177788110 135 W WELLS STREET NO 100 MILWAUKEE WI 53203 JOHN ERIKSEN MANAGING TRUSTEE 6177788110 2020-05-13 1 KIMBERLY ANDERSON P00188889 6086628600 2020-05-13 67.137.57.251 2020-05-13 11:52:35 CD P 10B9100DF4E506A733A7E8B9641B5E5A8F691AA5 1CCF7D792A9AC9F30B157F97210327D63D0E1227 2018 2021-01-29 14:40:06Z X JOHN ERIKSEN 135 W WELLS STREET NO 100 MILWAUKEE WI 53203 4393125 0 X WWW.DREXELFUND.ORG X 2015 CA THE DREXEL FUND IS A VENTURE PHILANTHROPY FUND THAT INVESTS A PARTNERS IN THE GROWTH OF HIGH QUALITY, FINANCIALLY SUSTAINABLE NETWORKS OF FAITH BASED AND OTHER PRIVATE SCHOOLS 9 8 6 0 0 0 6211434 4336857 0 0 24022 55140 170 1128 6235626 4393125 4431113 3124500 0 0 1034766 1133423 0 0 89077 329475 469269 5795354 4727192 440272 -334067 8589665 9385438 5925670 7055510 2663995 2329928 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 0 0 4406644 3124500 GRANTS TO FAITH BASED PRIVATE SCHOOLS 4406644 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 9 0 6 1 0 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 MITZI KEEL 7853934639 135 W WELLS STREET 100 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 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 TRUSTEE 40.00 X X 247656 0 32457 MICHAEL MESSNER TRUSTEE 2.00 X 0 0 0 ELIZABETH J BROWN CFO 20.00 X 56087 0 4694 ABIGAIL SCHUMWINGER PARTNER 40.00 X 196015 0 44186 WILLIAM OLSEN DIRECTOR 40.00 X 143675 0 42229 COURTNEY COLLINS SHAPIRO PARTNER 40.00 X 207200 0 20738 850633 0 144304 4 0 1 0 0 4336857 4336857 55140 55140 1128 0 1128 1128 1128 4393125 0 0 56268 2602500 2602500 522000 522000 350782 249282 29000 72500 621369 519286 102083 63077 52865 10212 43110 29315 13795 55085 43090 9177 2818 14160 14160 132255 132255 21527 21527 18212 18212 7153 7153 108182 94423 13759 47321 47321 6152 6152 GRANT EXPENSES 114307 114307 4727192 4406644 231471 89077 395784 39381 254394 340589 5850500 6623887 2088987 2381581 8589665 9385438 30670 23108 5895000 7020000 12402 5925670 7055510 X 2663995 -229739 2559667 2663995 2329928 8589665 9385438 -334067 0 X 0 1 X 1 0 X 175000 5710000 3196661 6211434 4336857 19629952 175000 5710000 3196661 6211434 4336857 19629952 7504478 12125474 929 1831 1775 24022 56268 84825 11395 3016 170 14581 19729358 0.61460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4393125 0 4393125 0 4393125 4727192 0 4727192 0 4727192 PART X, LINE 2: THE ORGANIZATION HAS BEEN DETERMINED TO BE A CHARITABLE ORGANIZATION AS DEFINED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), AND, AS SUCH, IS EXEMPT FROM FEDERAL INCOME TAXES. THE ORGANIZATION IS ALSO EXEMPT FROM STATE INCOME TAXES. MANAGEMENT ANALYZED THE REQUIREMENT FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS JUNE 30, 2019. 1 CRISTO REY NETWORK 11 EAST ADAMS STREET SUITE 800 CHICAGO IL 60603 043730980 501(C)(3) 175000 PRIVATE SCHOOL FUNDING CRISTO REY JESUIT HIGH SCHOOL MILWAUKEE 1215 S 45T W MILWAUKEE WI 53214 465457943 501(C)(3) 312500 PRIVATE SCHOOL FUNDING SETON EDUCATION PARTNERS 1311 VINE STREET CINCINNATI OH 45202 262782492 501(C)(3) 450000 PRIVATE SCHOOL FUNDING CRISTO REY ATLANTA JESUIT HIGH SCHOOL 222 PIEDMONT AVENUE NE ATLANTA GA 30308 455550340 501(C)(3) 50000 PRIVATE SCHOOL FUNDING CRISTO REY ST VIATOR LAS VEGAS COLLEGE PREPARATORY 2880 VAN DER MEET ST NORTH LAS VEGAS NV 89030 821415378 501(C)(3) 300000 PRIVATE SCHOOL FUNDING IGNITE ACADEMY 3023 RIDERS PASS ODESSA FL 33556 814874677 501(C)(3) 18000 PRIVATE SCHOOL FUNDING GARDEN CHRISTIAN ACADEMY 3389 FULTON ROAD CLEVELAND OH 44109 822532223 501(C)(3) 150000 PRIVATE SCHOOL FUNDING AZALEA MONTESSORI SCHOOL 4502 CARTER AVE CINCINNATI OH 45212 832295720 501(C)(3) 40000 PRIVATE SCHOOL FUNDING BADER HILLEL HIGH INC 6789 N GREEN BAY AVE MILWAUKEE WI 53209 823608003 501(C)(3) 230000 PRIVATE SCHOOL FUNDING IMPACT CHRISTIAN SCHOOL 7702 OLD SAUK ROAD MADISON WI 53717 471203953 501(C)(3) 25000 PRIVATE SCHOOL FUNDING THE JULIE BILLIART NETWORK 80 MINEOLA AVE AKRON OH 44320 814726551 501(C)(3) 12000 PRIVATE SCHOOL FUNDING LUTHERAN URBAN MISSION INITIATIVE INC 8242 N GRANVILLE ROAD MILWAUKEE WI 53717 161616550 501(C)(3) 450000 PRIVATE SCHOOL FUNDING MERCY EDUCATION SYSTEM OF THE AMERICAS 8380 COLESVILLE ROAD SILVER SPRING MD 20910 821445207 501(C)(3) 100000 PRIVATE SCHOOL FUNDING HAWTHORN MONTESSORI SCHOOL 871 RIVERSIDE DRIVE ASHEVILLE NC 28804 833585521 501(C)(3) 45000 PRIVATE SCHOOL FUNDING FOX FLOWER MONTESSORI SCHOOL 871 RIVERSIDE DRIVE ASHEVILLE NC 28804 833601917 501(C)(3) 45000 PRIVATE SCHOOL FUNDING ACADEMY PREP FOUNDATION PO BOX 530512 SAINT PETERSBURG FL 33747 593377240 501(C)(3) 200000 PRIVATE SCHOOL FUNDING 16 FOUNDER'S GRANT 7 522000 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 TRUSTEE 247656 0 0 0 0 0 25000 0 7457 0 280113 0 0 0 ABIGAIL SCHUMWINGER PARTNER 196015 0 0 0 0 0 20452 0 23734 0 240201 0 0 0 WILLIAM OLSEN DIRECTOR 143675 0 0 0 0 0 15113 0 27116 0 185904 0 0 0 COURTNEY COLLINS SHAPIRO PARTNER 207200 0 0 0 0 0 20738 0 0 0 227938 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