Overview
What is Big Shoulders Fund?
The Big Shoulders Fund is a Chicago-based nonprofit organization, located at 212 W Van Buren Street 900, in the city's downtown area. With a team of 59 dedicated employees, they focus on providing scholarships and support to students attending under-resourced non-public schools in Chicago and, as of 2020, in the Northwest Indiana region. Their programs offer more than just financial aid, including mentoring, enrichment activities, and other forms of assistance. In the 2020 academic year, the Big Shoulders Fund awarded 5,403 scholarships to 5,589 students, enabling them to attend their respective schools. The organization's mission is to uplift and empower underserved children by supporting schools that offer a values-based education.
Official website here: www.bigshouldersfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
Big Shoulders Fund has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization excels in various metrics, including a perfect score in both Accountability & Finance and Leadership & Adaptability. With a fully independent board and effective governance policies, the organization showcases a high level of operational transparency and integrity.
User feedback highlights the positive experiences of volunteers and board members, emphasizing the dedication and communication of the staff at Big Shoulders Fund. Many reviews point to opportunities for community involvement, such as organized volunteer days and mentorship programs, which foster engagement and support for their scholarship initiatives. The organization’s efforts in building a well-rounded community through fun networking events further enhance its reputation.
While the feedback is overwhelmingly positive, it is important to consider that the reviews primarily come from engaged members and volunteers, who may have a more favorable view of the nonprofit. Overall, Big Shoulders Fund is recognized for its impactful work and commitment to its mission, making it a reputable choice for potential donors and volunteers alike.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Big Shoulders Fund legitimate?
Big Shoulders Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Shoulders Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,638,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,886,170
For more financial information, click here
Official website here: www.bigshouldersfund.org
What is the mission statement of Big Shoulders Fund?
The Big Shoulders Fund is a non-profit organization dedicated to supporting underserved schools that offer a quality, values-based education. In 2020, their reach expanded to include schools in the Northwest Indiana region. They administer over 80 scholarship programs, which provide mentoring, enrichment, and other support activities. In the 2020 academic year, they awarded scholarships to 5,403 students, enabling them to attend non-public schools. Through their initiatives, the Big Shoulders Fund empowers children to receive a high-quality education and build a better future.
Official website here: www.bigshouldersfund.org
Who is the CEO of Big Shoulders Fund?
Joshua Hale is the CEO of Big Shoulders Fund The CEO's salary of Big Shoulders Fund is $559,793 and their total compensation is $614,112.
Official website here: www.bigshouldersfund.org
What is the revenue of Big Shoulders Fund?
Big Shoulders Fund's revenue in 2024 was $84,776,624.
Official website here: www.bigshouldersfund.org
Who are the executives of Big Shoulders Fund and what are their salaries?
The average compensation at Big Shoulders Fund during 2024 was $67,260. There are 97 employees and 3098 volunteers at Big Shoulders Fund.
Here are 43 key members and their salaries (Big Shoulders Fund's CEO's salary is $559,793 and their total compensation is $614,112):
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Official website here: www.bigshouldersfund.org
Where can I find the form 990 for Big Shoulders Fund?
Big Shoulders Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bigshouldersfund.org
Learn more at the official website: www.bigshouldersfund.org
Mission Statement of Big Shoulders Fund
Big Shoulders Fund is a charitable organization that extends its mission to support high-need schools in Chicago and, since 2020, the Northwest Indiana region. This nonprofit aims to provide quality, values-based education to underserved children by administering over 80 distinct scholarship programs. These programs encompass mentoring, enrichment activities, and other forms of assistance, ensuring that 5,403 students could attend non-public schools with the help of 5,589 scholarships awarded in 2020. By empowering these students, Big Shoulders Fund is making a significant impact on their academic journeys and ultimately, their futures.
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Impact
October, 2024
Big Shoulders Fund has made a significant impact in the educational landscape of Chicago and the Northwest Indiana region by supporting high-need schools that deliver quality, values-based education. The organization has administered over 83 distinct scholarship programs, which include vital components such as mentoring and enrichment activities. This has resulted in the award of 5,589 scholarships to 5,403 students, facilitating their attendance in 150 elementary and high schools. Through these efforts, Big Shoulders Fund plays a crucial role in enhancing educational opportunities for underserved communities, empowering students to access a quality education that aligns with their values and aspirations.
This information is meant to be a general summary of Big Shoulders Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,732,908
- Program Service Revenue: $166,541
- Gross Receipts: $87,210,567
Assets and Liabilities:
- Total Assets: $125,993,936
- Total Liabilities: $19,108,691
- Net Assets: $106,885,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Work Study Sponsorships
Revenue
$166,541
Organization Details
Founding Year
1986
Principal Officer
Malcolm Douglas
Website
www.bigshouldersfund.orgNTEE Category
Code: B122 - Education
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