Programs
Educational Resources for DePaul College Prep
PROGRAM SERVICE: EDUCATIONAL RESOURCESDEPAUL COLLEGE PREP FOUNDATION PURCHASED REAL PROPERTY TO OPERATE A NEW HIGH SCHOOL CAMPUS USED BY DEPAUL COLLEGE PREP (THE SCHOOL). EXPENSES MAINLY INCLUDED INTEREST ON OUTSTANDING DEBT AND DEPRECIATION. IN ADDITION, PERSONAL PROPERTY AND EQUIPMENT PURCHASED BY FOUNDATION WERE DONATED TO THE SCHOOL. THIS DONATION IS ALSO INCLUDED IN THE ABOVE EXPENSE.GeographiesNot indicatedDatesJul 1, 2021 – Jun 30, 2022Source990No causes providedNo populations provided–$3.1MEndowment for Educational Purposes
PROGRAM SERVICE: ENDOWMENT FOR EDUCATIONAL PURPOSECONTRIBUTIONS TO DEPAUL COLLEGE PREP FOUNDATION ARE PARTIALLY TO GROW THE ENDOWMENT TO BE USED FOR EDUCATIONAL PURPOSES. THE ENDOWMENT FUND WILL FUND BOTH SCHOLARSHIPS TO STUDENTS WHO ATTEND DEPAUL COLLEGE PREP AND PROFESSIONAL DEVELOPMENT FOR THE FACULTY AT DEPAUL COLLEGE PREP.GeographiesNot indicatedDatesJul 1, 2021 – Jun 30, 2022Source990No causes providedNo populations provided–$3KProgram 1 [2024]
PROGRAM SERVICE: EDUCATIONAL RESOURCESDEPAUL COLLEGE PREP FOUNDATION ENTERED INTO A LOAN WITH THE ILLINOIS FINANCE AUTHORITY WHICH ISSUED BONDS ON BEHALF OF THE FOUNDATION. THE PROCEEDS OF THE BONDS WERE MAINLY USED TO REPAY THE DEBT FROM THE PURCHASE OF THE CAMPUS IN 2019 AND TO FINANCE THE COSTS OF BUILDING A NEW ACADEMIC BUILDING ON THE CAMPUS, INCLUDING 19 CLASSROOMS, A NEW DINING HALL, AND 2 SCIENCE LABS. EXPENSES ALSO INCLUDE INTEREST ON THE DEBT THAT WAS REPAID DURING THE YEAR, INTEREST ON THE LOAN WITH THE ILLINOIS FINANCE AUTHORITY, AND DEPRECIATION.GeographiesNot indicatedDatesJul 1, 2023 – Jun 30, 2024Source990No causes providedNo populations provided–$8.5M
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