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CHICAGO STATE UNIVERSITY FOUNDATION Organization Name provided in the GuideStar Exchange* as of 04/15/2014: CHICAGO STATE UNIVERSITY FOUNDATION

Organization Name as listed in the IRS Business Master File as of 09/08/2014: CHICAGO STATE UNIVERSITY FOUNDATION

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AKA  CSU Foundation
Chicago, IL
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GuideStar Summary

&1002;                GuideStar Exchange Committed to transparency ?
This organization is a Silver-level GuideStar Exchange participant, demonstrating its commitment to transparency.

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is not available
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Basic Organization Information

CHICAGO STATE UNIVERSITY FOUNDATION Organization Name provided in the GuideStar Exchange* as of 04/15/2014: CHICAGO STATE UNIVERSITY FOUNDATION

Organization Name as listed in the IRS Business Master File as of 09/08/2014: CHICAGO STATE UNIVERSITY FOUNDATION

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: CSU Foundation
Physical Address: Chicago, IL 60628 1598
EIN: 23-7034677
Web URL: www.csu.edu/foundation/ 
NTEE Category: B Educational Institutions
B11 Single Organization Support
B Educational Institutions
B12 Fund Raising and/or Fund Distribution
B Educational Institutions
B82 Scholarships, Student Financial Aid, Awards
Ruling Year: 1969 


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Mission Statement

The Chicago State University ("CSU") Foundation, Inc. is a private non-profit corporation with assets of nearly $3 million and an endowment nearing $2 million. It was chartered in 1967 and incorporated in December 1968 as an independent, charitable, organization to secure, hold and administer funds and properties given by individuals, corporations and philanthropic foundations in support of Chicago State University and its affiliated organizations. Such gifts provide needed funds for scholarships, fellowships, faculty development, academic programs and research, modern equipment and more, initiatives for which state general operating funds are often not available. The Foundation seeks private support for purposes particularly central to the teaching, research and service mission of the university. With state funds accounting for less than 50% of the actual costs of a CSU education, funds raised by the Foundation are the margin of excellence in providing undergraduate and graduate instruction; basic and applied research, and; program outreach and support that benefits students, faculty and the greater world community in which Chicago State exists as an intellectual and economic contributor.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

Institutional funders should note that an organization’s inclusion on GuideStar.org does not satisfy IRS Rev. Proc. 2011-33 for identifying supporting organizations.

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Annual Revenue & Expenses (GuideStar Exchange,
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April 2014)

Fiscal Year Starting: July 1, 2013
Fiscal Year Ending: June 30, 2014

Total Revenue $1,783,783
Total Expenses $1,284,299

Revenue & Expenses (GuideStar Exchange,
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April 2014)

Fiscal Year Starting: July 1, 2013
Fiscal Year Ending: June 30, 2014

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar website is an ongoing process.

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Forms 990 Provided by the Nonprofit

Financial Statements

Audited Financial Statement is not available for this organization.

Annual Reports

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Leadership (GuideStar Exchange,
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April 2014)

Mr. Katéy Assem

Board Chair (GuideStar Exchange,
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April 2014)

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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April 2014)

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Board Leadership Practices (GuideStar Exchange,
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April 2014)
?

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in April 2014

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Programs

Program: Friends of CSU (GuideStar Exchange,
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April 2014)

Budget:
--
Category:
None
Population Served:
None
None
None

Program Description:

Fund-raising for scholarships, technology, special program initiatives and community outreach. Managed by a volunteer board of business and civic leaders from across the country, the Foundation and the University look to alumni, parents, faculty, staff and our many friends, including our growing circle of corporate, foundation and leading citizens to join in the enlightened support of the goals of the University. You can help the Foundation continue to serve the University and grow its reputation for excellence by pledging your support today. Chicago State University plays a significant role in higher education in the Chicago community, the State of Illinois and the entire nation.

Program Long-Term Success:

Increase in major and leadership gifts ($25,000 and over)

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

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Impact Summary from the Nonprofit

This organization has not provided an impact summary.
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Organization Data Available

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  • Annual Reports for
  • Letter of Determination
  • Form 1023 / 1024
  • Board Members
  • Officer, Director and/or Highest Paid Employee data for


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