PLATINUM2024

Northern Illinois University Foundation

aka NIU Foundation   |   DEKALB, IL   |  http://www.niufoundation.org
GuideStar Charity Check

Northern Illinois University Foundation

EIN: 36-6086819


Mission

To energize and connect the private sector with the NIU community to secure and steward resources that support the future and growth of NIU

Ruling year info

1955

President and CEO, NIU Foundation

Catherine B Squires CFRE

Main address

Altgeld Hall 134

DEKALB, IL 60115 USA

Show more contact info

EIN

36-6086819

Subject area info

University education

Foundations

Population served info

Adults

LGBTQ people

Heterosexuals

Women

Men

Show more populations served

NTEE code info

Private Independent Foundations (T22)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The NIU Foundation works to promote philanthropy from all of the University’s constituents to support access to higher education, retention and completion of college degrees and professional certifications, and the contributions of the University to economic development of our service region and the state. The NIU Foundation works to make an NIU education widely accessible to students from all walks of life and provides support to maintain NIU’s high standard of excellence in academic and program offerings. Support to the NIU Foundation helps position NIU to achieve its vision as an engine for innovation to advance social mobility; promote personal, professional and intellectual growth; and transform the world through research, artistry, teaching and outreach. In addition, donor gifts help the NIU Foundation support NIU in achieving its mission of empowering students through educational excellence and experiential learning as we pursue knowledge, share our research and artistry, and

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Furtherance of Excellence at NIU

The NIU Foundation provides critical support and funding to further the student experience.

Population(s) Served
Economically disadvantaged people
Indigenous peoples
People of Latin American descent
People of African descent
Young adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total Program Spending in Dollars (000s) - Fiscal Year (July 1 - June 30)

This metric is no longer tracked.
Totals By Year
Population(s) Served

Students

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The NIU Foundation Program Spend represents support provided to the University for scholarships, programs, and faculty. These grants contribute significantly to the collegiate experience.

Scholarship Dollars Awarded (000s) Fiscal Year (July 1 - June 30)

This metric is no longer tracked.
Totals By Year
Population(s) Served

Students

Related Program

Furtherance of Excellence at NIU

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

We place a high priority on supporting NIU in its efforts to provide a high-quality, affordable education to talented students from all walks of life. Metrics are reported by fiscal year.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The NIU Foundation works to promote philanthropy from all of the university’s constituents to support access to higher education, retention and completion of college degrees and professional certifications, and the contributions of the university to economic development of our service region and the state.

The NIU Foundation works to make an NIU education widely accessible to students from all walks of life and provides support to maintain NIU’s high standard of excellence in academic and program offerings.

Support to the NIU Foundation helps position NIU to achieve its vision as an engine for innovation to advance social mobility; promote personal, professional and intellectual growth; and transform the world through research, artistry, teaching and outreach. In addition, donor gifts help the NIU Foundation support NIU in achieving its mission of empowering students through educational excellence and experiential learning as we pursue knowledge, share our research and artistry, and engage communities for the benefit of the region, state, nation and world.

1. Effective fundraising to help accomplish Foundation and University strategic objectives.
2. Effective management of NIU Foundation funds to provide support for current operations and future needs.
3. Effective outreach to, and engagement with, NIU’s proud alumni base of over 250,000 Huskies. These alumni boast accomplished careers in a diverse array of professions and primarily reside in the northern Illinois region; create dynamic professional networks for students and faculty; and provide economic vitality to the region and state. These alumni also represent a vast pipeline of support for the university.

1. A talented, dedicated staff of fundraising and support professionals.
2. A dedicated, passionate Board of Directors comprised of volunteers who are experts in a broad range of professional endeavors, including financial, legal, education, business management and community leadership. All members of the NIU Foundation Board are generous donors themselves.
3. The NIU Foundation is establishing historical data and setting benchmark data to measure the effectiveness of our organization in relation to our own goals and objectives and in comparison to a select group of peer institutions.

Total Program Spending

The NIU Foundation Program Spend represents support provided to the University for scholarships, programs, and faculty. These grants contribute significantly to the collegiate experience for NIU students. For some, private support represents the only opportunity to attend college. More than half of NIU students are the first in their families to attend college. 86% of NIU students rely on some form of financial aid.

NIU Foundation's total program spend in FY21 was $8,293,813

Scholarship Dollars Awarded

Scholarships play an important role in making the dream of a college education a reality for many NIU students. This support has also proven key to persistence, helping students cross the finish line to become proud Huskie alumni. In fact, 90% of students who receive NIU Foundation scholarships graduate. The NIU Foundation places a very high priority on supporting the University in its efforts to provide a high-quality, affordable education to talented students from all walks of life including underserved populations. The Foundation has been working toward a goal of raising $50M in scholarship support by the end of 2023. At the close of FY22, we had raised $37.2M toward that goal.

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

8.88

Average of 7.33 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

5.2

Average of 5 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Northern Illinois University Foundation

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Northern Illinois University Foundation

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Northern Illinois University Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Northern Illinois University Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $1,850,849 -$383,615 $8,036,636 -$2,686,622 $2,985,653
As % of expenses 16.9% -3.8% 92.4% -25.8% 23.9%
Unrestricted surplus (deficit) after depreciation $1,230,777 -$1,003,687 $7,420,105 -$3,306,797 $2,356,585
As % of expenses 10.6% -9.4% 79.6% -30.0% 17.9%
Revenue composition info
Total revenue (unrestricted & restricted) $16,025,353 $10,332,980 $19,769,016 $31,131,654 $24,268,397
Total revenue, % change over prior year 1.7% -35.5% 91.3% 57.5% -22.0%
Program services revenue 6.1% 8.5% 4.3% 5.3% 7.4%
Membership dues 0.0% 0.0% 0.3% 0.1% 0.0%
Investment income 16.2% 22.4% 9.4% 9.7% 15.1%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 54.0% 63.1% 74.6% 61.1% 64.3%
Other revenue 23.7% 6.0% 11.4% 23.8% 13.2%
Expense composition info
Total expenses before depreciation $10,959,465 $10,069,346 $8,699,616 $10,406,892 $12,506,963
Total expenses, % change over prior year 1.5% -8.1% -13.6% 19.6% 20.2%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 10.5% 8.2% 8.6% 11.2% 9.3%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.2% 0.0% 0.0% 0.0%
Pass-through 69.7% 65.2% 65.2% 59.6% 56.6%
All other expenses 19.7% 26.4% 26.1% 29.1% 34.1%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $11,579,537 $10,689,418 $9,316,147 $11,027,067 $13,136,031
One month of savings $913,289 $839,112 $724,968 $867,241 $1,042,247
Debt principal payment $339,883 $317,240 $441,300 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $12,832,709 $11,845,770 $10,482,415 $11,894,308 $14,178,278

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 3.0 6.5 7.2 6.0 5.2
Months of cash and investments 126.6 130.2 197.5 164.7 152.1
Months of estimated liquid unrestricted net assets 11.8 12.0 24.3 17.0 16.6
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $2,699,932 $5,448,474 $5,251,140 $5,216,123 $5,391,765
Investments $112,914,926 $103,825,979 $137,897,913 $137,588,901 $153,110,077
Receivables $2,875,933 $2,664,578 $4,736,755 $4,407,407 $4,644,441
Gross land, buildings, equipment (LBE) $28,551,699 $28,609,780 $28,629,589 $28,817,935 $29,278,581
Accumulated depreciation (as a % of LBE) 18.9% 21.0% 23.2% 25.2% 26.9%
Liabilities (as a % of assets) 9.7% 9.8% 7.7% 8.1% 8.3%
Unrestricted net assets $33,194,792 $32,191,105 $39,611,210 $36,304,413 $38,660,998
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $94,864,047 N/A N/A N/A N/A
Total restricted net assets $94,864,047 $89,244,897 $117,624,488 $119,072,058 $130,924,718
Total net assets $128,058,839 $121,436,002 $157,235,698 $155,376,471 $169,585,716

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President and CEO, NIU Foundation

Catherine B Squires CFRE

Number of employees

Source: IRS Form 990

Northern Illinois University Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Northern Illinois University Foundation

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Northern Illinois University Foundation

Board of directors
as of 01/30/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Jack Tierney

Retired Executive Director, Unit Trust Division, Invesco Ltd.

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    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? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.