2025-02-18T13:25:54+00:00 2024-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2023-07-01 363490557 Big Shoulders Fund BIGS 3127518337 212 W Van Buren Street 900 Chicago IL 60607 Joshua Hale President & Chief Executive Officer 2025-02-18 true Jennifer Burke P01342224 3128997000 2025-02-18 2023 2025-03-06 01:10:19Z Joshua Hale 212 W Van Buren Street 900 Chicago IL 60607 87210567 false X www.bigshouldersfund.org X 1986 IL We provide support to high need schools which provide a quality, values-based education for Chicago and Northwest Indiana's children. 32 32 97 3098 5216 0 56956626 72815110 240868 166541 8080344 11128285 399183 666688 65677021 84776624 48013219 63152854 0 6452745 7669821 0 1441884 4474163 5066334 58940127 75889009 6736894 8887615 135423582 150134830 22743753 19304905 112679829 130829925 X We provide support to underserved 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 42974769 40524553 Student Scholarship Programs: ADMINISTERED OVER 100 DISTINCT SCHOLARSHIP PROGRAMS THAT INCLUDE MENTORING, ENRICHMENT AND OTHER SUPPORT ACTIVITIES. 6,853 SCHOLARSHIPS WERE AWARDED TO 6,792 STUDENTS AT 152 ELEMENTARY AND HIGH SCHOOLS TO ENABLE THEM TO ATTEND NON-PUBLIC SCHOOLS. 19814245 18206528 School operations: Distributed operating and capital grants to multiple schools to maintain a quality learning environment; also assisted schools in improving marketing/recruiting, building new external funding sources, improving school business operations, etc. 6156794 2926129 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. 3797070 1495644 166541 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. Southeast Side Experience Incubator (SSEI) provides students at St. Francis de Sales High School with valuable life and work experiences in a professional setting utilizing a work study program. Students' academic schedules are modified so that four students share one full-time entry-level job. Work Study hours provide students with an enriched learning experience and is certified by the US Department of Labor. 3797070 1495644 166541 72742878 true true false true 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 true false false false false true 297 3 true 97 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 (deceased 7/31/2023) 0.0 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 Kent Dauten Co-Chairman 15.0 X X 0 0 0 Arthur R Velasquez Board of Trustees 1.0 X 0 0 0 Charles K Bobrinskoy Board of Trustees 1.0 X 0 0 0 Cherryl Thomas Board of Trustees 1.0 X 0 0 0 Christine E Kelly Board of Trustees 1.0 X 0 0 0 Christopher Valenti Board of Trustees 1.0 X 0 0 0 Daniel Doherty Board of Trustees 1.0 X 0 0 0 David Dury Board of Trustees 1.0 X 0 0 0 Dennis Fitzsimons Board of Trustees 1.0 X 0 0 0 Elizabeth Cole Board of Trustees 1.0 X 0 0 0 Gerald Beeson Board of Trustees 1.0 X 0 0 0 Giancarlo Turano Board of Trustees 1.0 X 0 0 0 Gregory Q Brown Board of Trustees 1.0 X 0 0 0 James A Gordon Board of Trustees 1.0 X 0 0 0 James Compton Board of Trustees 1.0 X 0 0 0 James Hoeg Board of Trustees 1.0 X 0 0 0 John A Canning Jr Board of Trustees 1.0 X 0 0 0 John Schreiber Board of Trustees 1.0 X 0 0 0 Kimberly Querrey Board of Trustees 1.0 X 0 0 0 Larry Richman Board of Trustees 1.0 X 0 0 0 Lee Henderson Board of Trustees 1.0 X 0 0 0 Leigh-Anne Kazma Board of Trustees 1.0 X 0 0 0 Mary Dempsey Board of Trustees 1.0 X 0 0 0 Michael E Murphy Board of Trustees (deceased October 22, 2023) 0.0 X 0 0 0 Stephen King Board of Trustees 1.0 X 0 0 0 Tao Huang Board of Trustees 1.0 X 0 0 0 Thomas E Lanctot Board of Trustees 1.0 X 0 0 0 Thomas Reynolds III Board of Trustees 1.0 X 0 0 0 Timothy Sullivan Board of Trustees 1.0 X 0 0 0 William Devers Board of Trustees 1.0 X 0 0 0 William T Lynch Board of Trustees 1.0 X 0 0 0 Joshua Hale President and Chief Executive Officer 50.0 X 559793 0 54319 Malcolm Douglas Chief Financial Officer 50.0 X 255478 0 43079 Amelia Drozda Chief Advancement & Development Officer 50.0 X 194671 0 21278 Rebecca Lindsay-Ryan Chief Schools Officer 50.0 X 279482 0 55119 Daniel Bennett Senior Director, Scholarships 50.0 X 140849 0 36923 Daniel Kozlowski Managing Director, NWI 50.0 X 153412 0 18340 Danielle Robinson Managing Director, School Operations and Patrons Program 50.0 X 157330 0 13730 Laura Nalley Senior Director, People and Leadership 50.0 X 153090 0 27567 Thomas Zbierski Director Emeritus, Scholarship Program & School Relations 50.0 X 216185 0 30688 2110290 0 301043 18 false true false Ziemke Consulting LLC 130 S Canal St 225 Chicago IL 60606 PROF DEVELOPMENT FOR SCHOOLS 280093 Exponent Partners 50 California Street San Francisco CA 94111 PROFESSIONAL SERVICES 226263 UChicago STEM Education 1427 E 60th Street Chicago IL 60637 PROF DEVELOPMENT FOR SCHOOLS 210747 NQC Literacy LLC P O Box 195 Jersey City NJ 07303 PROF DEVELOPMENT FOR SCHOOLS 202835 Kirk Ziemke 130 S Canal St 225 Chicago IL 60606 PROF DEVELOPMENT FOR SCHOOLS 198720 9 11025 0 886468 775757 71141860 16333976 72815110 Work Study Sponsorships 611710 166541 166541 0 0 0 0 0 0 166541 1732908 0 5216 1727692 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11498256 0 2102879 0 9395377 0 9395377 0 0 9395377 934698 886468 314736 619962 0 619962 63054 16328 46726 0 0 46726 0 0 0 0 0 0 0 0 0 0 0 84776624 166541 5216 11789757 23162455 23162455 39990399 39990399 0 0 0 0 1638060 1007968 432922 197170 0 0 0 0 4886170 3629411 538209 718550 150628 106969 21407 22252 566363 427765 64621 73977 428600 301722 63576 63302 0 0 0 0 9845 0 9845 0 89808 0 89808 0 176325 176325 0 0 0 0 50000 0 50000 0 1826615 1738204 82343 6068 106866 86268 11042 9556 317084 183061 84909 49114 556465 352771 108910 94784 0 0 0 0 207531 131433 38049 38049 467675 414445 18297 34933 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9184 4592 2296 2296 36968 20098 8435 8435 Credit card fees 836006 801364 0 34642 Food and meals 346285 198772 59357 88156 Membership dues 29677 8856 20221 600 0 0 0 0 75889009 72742878 1704247 1441884 232702 432083 34785398 12874869 27368358 36124799 0 0 0 0 0 0 0 0 0 0 1045008 452958 344826 315789 38221 29037 18088431 26604087 53511229 73398614 0 0 0 354235 218383 135423582 150134830 1189666 1518394 11553165 16919074 263238 392235 0 0 9737684 475202 0 0 0 0 0 0 0 0 22743753 19304905 X 35474296 41875236 77205533 88954689 0 0 0 0 0 0 112679829 130829925 135423582 150134830 X 8887615 9262481 X false true X true false X 31186076 48714161 72019742 56956626 72815110 281691715 0 0 0 0 0 0 0 0 0 0 0 0 31186076 48714161 72019742 56956626 72815110 281691715 29511860 252179855 618361 405551 578376 1213905 1732906 4549099 0 2247 18262 7506 0 28015 300357 207721 368133 1438060 1164293 3478564 289747393 0 0.8703 0.8359 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 244557.0, COLUMN B - 163001.0, COLUMN C - 305533.0, COLUMN D - 1200456.0, COLUMN E - 934698.0, COLUMN F - 2848245.0; DESCRIPTION - WORK STUDY SPONSORSHIPS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 188899.0, COLUMN E - 166541.0, COLUMN F - 355440.0; DESCRIPTION - GROSS REVENUE FROM GAMING ACTIVITIES, COLUMN A - 55800.0, COLUMN B - 44720.0, COLUMN C - 62600.0, COLUMN D - 48705.0, COLUMN E - 63054.0, COLUMN F - 274879.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true true 90342 true 41716 true 0 true 26667 true 0 true 0 true 17600 176325 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Big Shoulders Fund supported proposed updates to the Invest in Kids Act. The Invest in Kids Act in Illinois is a tax credit scholarship program which enables individuals and corporations to reserve Illinois income tax credits based on contributions made to Scholarship Granting Organizations, or SGOs. These SGO's then provide scholarships for eligible students to attend nonpublic schools, with priority given to low-income students. The rules of this program are dictated by the Invest in Kids act and audited by the Illinois Department of Revenue. Big Shoulders Fund has been approved by the Department of Revenue to participate as an SGO. false true X 35389758 82814 4628941 688622 1154385 50000 38208506 33450248 223950 3574067 656262 1152245 50000 35389758 40698957 188261 -5532938 652915 1201117 50000 33450248 34867877 242706 9462265 599214 3224677 50000 40698957 36246429 67580 305476 531910 1169698 50000 34867877 0.5674 0.3382 0.0944 false false 147789 145309 2480 137052 110495 26557 59985 59985 0 29037 Large Cap Equity Funds 20058912 F Small/Mid Cap Equity Funds 4528024 F International Equity 15425481 F Hedged Equity Funds 12373032 F Private Investments 9895638 F Absolute Return Funds 4291869 F Fixed Income Fund 6825658 F Liquidating funds 0 F 73398614 0 X 60711282 39741 0 0 39741 60671541 50000 24055083 24105083 84776624 42561185 39741 0 39741 42521444 50000 33317565 33367565 75889009 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 2020 through 2023. 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, 2023 and 2024. 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, 2024. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Agency transactions - 24055083 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Agency Transactions - 33317565 Central America and the Caribbean 0 0 Investments 50456699 0 0 0 0 0 0 50456699 0 50456699 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual Awards Dinner 709684 428650 281034 0 0 0 0 0 0 Golf 843834 347216 496618 0 32042 120000 0 0 53009 4 267648 110602 157046 0 1800 1500 70042 2000 34343 1821166 886468 934698 0 33842 121500 70042 2000 87352 314736 619962 63054 16328 0 0 0 true 0.9 63054 16328 0 0 0 16328 46726 IL true false false false 0.0 1.0 JOSHUA HALE 212 W Van Buren 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 the African 6020 S Laflin Street Chicago IL 60636 362171119 501c3 597566 AE LA OP DDG SPG Andrean High School 5959 Broadway Merrillville IN 46410 351046711 501c3 6810 AE Annunciata School 3750 E 112th Street Chicago IL 60617 362170752 501c3 266580 AE ED OP Aquinas Catholic School 801 W 73rd Avenue Merrillville IN 46410 351162553 501c3 5069 AE Augustus Tolton Academy 7120 S Calumet Ave Chicago IL 60619 362170979 501c3 717854 AE SM LA OP Bishop Noll Institute 1519 Hoffman Street Hammond IN 46327 351007097 501c3 74375 AE Cheder Lubavitch 5201 Howard Avenue Skokie IL 60077 363332947 501c3 6000 DDG Children of Peace School 1900 W Taylor St Chicago IL 606123732 362212711 501c3 187500 AE SM OP Christ the King Jesuit College Preparatory School 5088 W Jackson Blvd Chicago IL 60644 260556958 501c3 11268 DDG Cristo Rey Jesuit High School 1852 W 22nd Place Chicago IL 60608 364067306 501c3 12000 SPG De La Salle Institute 3434 S Michigan Ave Chicago IL 60616 362167047 501c3 9102 AE ED Epiphany School 4223 W 25th St Chicago IL 606233692 362412597 501c3 509352 AE SM LA OP SPG Fenwick High School 505 Washington Blvd Oak Park IL 603024095 361066828 501c3 5000 DDG Holy Angels School 750 E 40th Street Chicago IL 606532348 362747560 501c3 714490 AE SM OP Holy Trinity High School 1443 W Division St Chicago IL 60642 362171703 501c3 231796 SM OP DDG Immaculate Conception School 8739 S Exchange Chicago IL 60617 363310936 501c3 374800 AE SM LA OP Joan Dachs Bais Yaakov Yeshivas Tiferes Tzvi 6122 N California Ave Chicago IL 60659 366009172 501c3 10232 DDG Josephinum Academy 1501 N Oakley Blvd Chicago IL 60622 362167764 501c3 20385 AE SM Leo High School 7901 S Sangamon St Chicago IL 60620 362182061 501c3 225312 AE SM OP SPG Marquette Catholic High School 306 W 10th Street Michigan City IN 46360 351148636 501c3 13440 AE Maternity BVM School 1537 N Lawndale Avenue Chicago IL 60651 362171722 501c3 272000 AE ED SM LA OP Most Blessed Trinity Academy 510 Grand Avenue Waukegan IL 600851835 470955784 501c3 239150 ED OP Northside Catholic Academy 6216 N Glenwood Avenue Chicago IL 60660 363956710 501c3 28840 AE SM LA DDG Our Lady of Grace School 2446 N Ridgeway Avenue Chicago IL 606472325 362170886 501c3 446739 AE ED SM LA OP Our Lady of Guadalupe School 9050 S Burley Avenue Chicago IL 60617 362743254 501c3 377750 AE ED SM OP Our Lady of Tepeyac Elementary School 2235 S Albany Ave Chicago IL 606233414 363409095 501c3 397431 AE SM LA OP SPG Our Lady of Tepeyac High School 2228 S Whipple St Chicago IL 606233425 364202108 501c3 38753 AE CP DDG Our Lady of the Snows School 4810 S Leamington Avenue Chicago IL 606382199 362401758 501c3 112623 AE ED SM OP Pope John Paul II Catholic School 4325 S Richmond St Chicago IL 606322596 362170859 501c3 350931 AE SM OP CP Queen of the Universe School 7130 S Hamlin Avenue Chicago IL 606294321 362583566 501c3 336514 AE SM LA OP DDG Sacred Heart School 2906 E 96th Street Chicago IL 60617 362171734 501c3 110660 ED SM OP San Miguel School - Back of the Yards 1949 W 48th Street Chicago IL 60609 364378726 501c3 35786 SM SPG St Agnes of Bohemia School 2643 S Central Park Avenue Chicago IL 60623 363552287 501c3 352835 AE SM OP SPG St Ailbe School 9037 S Harper Avenue Chicago IL 60619 362170926 501c3 409982 SM LA OP St Anastasia School 629 Glen Flora Ave Waukegan IL 60085 362427693 501c3 97825 LA OP St Angela School 1332 North Massasoit Avenue Chicago IL 60651 362170932 501c3 304941 SM LA OP DDG St Ann School 2211 W 18th Place Chicago IL 60608 362284297 501c3 174855 AE ED SM LA OP St Bede the Venerable School 4440 W 83rd Street Chicago IL 606522126 364055633 501c3 8920 AE SM St Casimir School 4329 Cameron Avenue Hammond IN 46327 350883494 501c3 61490 AE St Catherine of SienaSt Lucy School 27 W Washington Oak Park IL 603024308 362170969 501c3 33539 ED SM LA OP SPG St Constance School 5841 W Strong St Chicago IL 60630 363965141 501c3 464819 ED SM OP St Ethelreda School 8734 S Paulina Street Chicago IL 60620 362182112 501c3 710634 AE SM LA OP St Ferdinand School 3131 N Mason Avenue Chicago IL 60634 362192835 501c3 21890 AE SM LA St Francis de Sales High School 10155 S Ewing Avenue Chicago IL 60617 362435876 501c3 596400 AE SM OP CP DDG SPG St Gabriel School 4500 S Wallace Street Chicago IL 606093593 362707503 501c3 29380 SM OP St Gall School 5515 S Sawyer Ave Chicago IL 60629 362704905 501c3 286650 AE ED SM LA OP St Genevieve School 4854 W Montana St Chicago IL 606392509 362171008 501c3 304870 AE ED SM OP DDG St Helen School 2347 W Augusta Blvd Chicago IL 60622 362373447 501c3 35581 SM OP St Hilary School 5614 N Fairfield Ave Chicago IL 60659 362171019 501c3 56300 AE SM OP St John Bosco 7113 Columbia Avenue Hammond IN 46324 350957897 501c3 75840 AE St John de la Salle Catholic Academy 10212 S Vernon Avenue Chicago IL 60628 362171032 501c3 170328 AE ED SM LA St John the Baptist 1844 Lincoln Avenue Whiting IN 46394 350883499 501c3 30110 AE St Malachy School 2252 W Washington Blvd Chicago IL 606122236 362936823 501c3 429774 AE SM LS OP DDG St Margaret of Scotland School 9833 S Throop Street Chicago IL 606431445 362367986 501c3 465194 ED SM LA OP St Mary of the Angels School 1810 N Hermitage Ave Chicago IL 60622 362171072 501c3 6930 AE SM St Mary Star of the Sea School 6424 S Kenneth Avenue Chicago IL 60629 362848256 501c3 501681 AE SM OP SD St MatthiasTransfiguration School 4910 N Claremont Chicago IL 606251912 362171089 501c3 7510 AE SM St Nicholas of Tolentine School 3741 W 62nd Street Chicago IL 60629 362182132 501c3 85557 AE ED SM LA OP St Nicholas Ukrainian Cathedral School 2200 W Rice Street Chicago IL 60622 131026995 501c3 48850 AE SM LA DDG St Philip Neri School 2110 E 72nd Street Chicago IL 60649 362171115 501c3 708385 AE ED LA OP DDG St Pius V School 1919 S Ashland Ave Chicago IL 60608 362240477 501c3 176870 AE ED SM LA OP SPG St Procopius School 1625 S Allport Street Chicago IL 60608 363352367 501c3 30606 AE ED SM OP St Rita of Cascia High School 7740 S Western Ave Chicago IL 60620 362171753 501c3 20000 DDG St Sabina Academy 7801 S Throop St Chicago IL 60620 362171123 501c3 457030 AE ED SM OP St Stanislaus 4930 Indianapolis Blvd East Chicago IN 46312 351016046 501c3 85217 AE CP St Stanislaus Kostka School 1255 N Noble Street Chicago IL 60642 362171128 501c3 40040 AE ED SM LA OP SD St Stanislaus Kostka School 1506 Washington Street Michigan City IN 46360 350929986 501c3 8103 AE St Sylvester School 3027 W Palmer Square Chicago IL 60647 362488067 501c3 306415 AE SM LA OP SD St Symphorosa School 6125 S Austin Avenue Chicago IL 606384396 362171135 501c3 40055 AE SM OP SD St Therese School East 247 W 23rd St Chicago IL 60616 362240479 501c3 8519 ED SM DDG St Thomas of Canterbury School 5525 N Magnolia Ave Chicago IL 60640 362240480 501c3 24725 AE ED SM LA DDG St Thomas the Apostle School 5467 S Woodlawn Ave Chicago IL 60615 362171144 501c3 7706 ED SM St Viator Elementary School 4140 W Addison St Chicago IL 60641 362171148 501c3 9786 ED SM St Walter - St Benedict School 11741 S Western Ave Chicago IL 606434789 362170950 501c3 97663 AE ED SM LA OP St William School 2559 N Sayre Avenue Chicago IL 607072186 362171154 501c3 73422 ED SM OP SD DDG Sts Bruno & Richard School 4839 S Harding Avenue Chicago IL 60632 362170961 501c3 110286 ED SM OP Visitation School 900 W Garfield Blvd Chicago IL 60609 363648506 501c3 378565 AE ED SM LA OP DDG SPG Yeshiva Ohr Boruch 2828 W Pratt Blvd Chicago IL 60645 363811457 501c3 34375 DDG 78 0 Scholarships to elementary and high school students 6792 39692998 Scholarships to teachers - leadership/teacher development 12 40701 Scholarships to college students 72 256700 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 true true X X X false false false false false false false true false Joshua Hale President and Chief Executive Officer 516305 0 26612 0 16876 0 11250 0 43069 0 614112 0 0 0 Malcolm Douglas Chief Financial Officer 241363 0 12723 0 1392 0 10688 0 32391 0 298557 0 0 0 Rebecca Lindsay-Ryan Chief Schools Officer 264546 0 14156 0 780 0 11250 0 43869 0 334601 0 0 0 Amelia Drozda Chief Advancement & Development Officer 184645 0 9306 0 720 0 7817 0 13461 0 215949 0 0 0 Daniel Kozlowski Managing Director, NWI 145270 0 7436 0 706 0 6246 0 12094 0 171752 0 0 0 Danielle Robinson Managing Director, School Operations and Patrons Program 149082 0 7530 0 718 0 3588 0 10142 0 171060 0 0 0 Laura Nalley Senior Director, People and Leadership 144604 0 7706 0 780 0 6473 0 21094 0 180657 0 0 0 Daniel Bennett Senior Director, Scholarships 132958 0 7140 0 751 0 5997 0 30926 0 177772 0 0 0 Thomas Zbierski Director Emeritus, Scholarship Program & School Relations 204971 0 10367 0 847 0 8708 0 21980 0 246873 0 0 0 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. Dues are not considered taxable income to Mr. Hale. Schedule J, Part I, Line 7 Non-fixed payments ALL ACTIVE EMPLOYEES AT 12/31/2023 WERE ELIGIBLE FOR A BONUS, 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 77 13957053 Market value X Private Investments 4 2376923 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 - Private Investments Number of items received Form 990, Part III, Line 4d Description of other program services (Expenses $ 3,797,070 including grants of $ 1,495,644)(Revenue $ 166,541) 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. Southeast Side Experience Incubator (SSEI) provides students at St. Francis de Sales High School with valuable life and work experiences in a professional setting utilizing a work study program. Students' academic schedules are modified so that four students share one full-time entry-level job. Work Study hours provide students with an enriched learning experience and is certified by the US Department of Labor. 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 A Board of Trustees, 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 Board of Trustees. All members of the Board of Trustees are also members of the Board of Directors. The Board of Directors (as many members as deemed appropriate) shall be appointed by the Board of Trustees. The duty of the Board of Directors is to advise the Board of Trustees on any matters for which the Board of Trustees 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 Board of Trustees. 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. Lee Henderson and McCormick Foundation - Business relationship, Mr. John A. Canning, Jr. and Mr. 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 Board of Trustees 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 Board of Trustees. An annual notice is sent to all individuals covered under the policy. Any conflict of interest is required to be disclosed to the Board of Trustees prior to the transaction taking place. The Board of Trustees 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 Board of Trustees 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 2024, the Co-Chairmen 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. Co-Chairs 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, the conflict of interest policy, and the Form 1023 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 - 33317564; Adjustment for Agency Transactions - See Schedule O Narrative - -24055083; SOUTHEAST SIDE EXPERIENCE INCUBATOR L3C 212 W VAN BUREN ST STE 900 Chicago IL 60607 882529374 Educational EXPERIENCE Incubator IL 159672 40699 Big Shoulders Fund