Logo for "THE CHICAGO SCHOLARS FOUNDATION"

THE CHICAGO SCHOLARS FOUNDATION

THE CHICAGO SCHOLARS FOUNDATION

CHICAGO, IL, US
501(c)(3)
EIN
36-4117530
Logo for "THE CHICAGO SCHOLARS FOUNDATION"

THE CHICAGO SCHOLARS FOUNDATION

CHICAGO, IL, US
501(c)(3)
EIN
36-4117530

Overview

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Est.

1996

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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The Chicago Scholars Foundation is a nonprofit organization dedicated to providing student services by uniquely selecting, training, and mentoring academically ambitious students from under-resourced communities in Chicago. With an operating budget of $7.3 million and total revenue of $6.9 million for the 2023 filing year, the foundation aims to empower these students to complete college and become transformative leaders in their neighborhoods and the city. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission.

Mission Statement

WE UNIQUELY SELECT, TRAIN, & MENTOR ACADEMICALLY AMBITIOUS STUDENTS FROM UNDER-RESOURCED COMMUNITIES TO COMPLETE COLLEGE & BECOME THE NEXT GENERATION OF LEADERS WHO WILL TRANSFORM THEIR NEIGHBORHOODS & OUR CITY.
Revenues

$6.9M

Expenses

$7.8M

Net Income:
-$986.8K
Assets

$10.4M

Liabilities

$1.5M

Net Assets:
+$8.9M
Operating Budget

$7.3M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

30

Median grant size
$23.8K
Largest grant received
$791K
J
Jeffery Beckham Jr
Board Member
B
Brooke McKean
Board Member
D
Dv Williams
Board Member

Frequently Asked Questions

What is THE CHICAGO SCHOLARS FOUNDATION’s budget?
In 2023, THE CHICAGO SCHOLARS FOUNDATION reported an annual operating budget of around $7.3 million. More detailed financial information is available to registered users.
What causes does THE CHICAGO SCHOLARS FOUNDATION support?
THE CHICAGO SCHOLARS FOUNDATION supports work in Student services.
Where does THE CHICAGO SCHOLARS FOUNDATION operate?
THE CHICAGO SCHOLARS FOUNDATION is headquartered in CHICAGO, IL.
Who funded THE CHICAGO SCHOLARS FOUNDATION recently?
In 2025, THE CHICAGO SCHOLARS FOUNDATION received grants from AMERICAN ONLINE GIVING FOUNDATION INC, The Tony Reyes Family Foundation, and ROBERT R MCCORMICK FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE CHICAGO SCHOLARS FOUNDATION received in 2024?
The largest grant to THE CHICAGO SCHOLARS FOUNDATION in 2024 exceeds $791 thousand.
What is THE CHICAGO SCHOLARS FOUNDATION’s reliance on government grants?
THE CHICAGO SCHOLARS FOUNDATION relied on government grants for less than 5% of their total revenue in 2023.
Overview
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