EIN 36-4117530

Chicago Scholars

IRS 501(c) type
501(c)(3)
Num. employees
125
Year formed
1996
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Chicago Scholars is the largest college access and success program in Chicago serving more than 3,000 Scholars and Alumni each year in their seven-year college access and success mentoring and career support program.
Also known as...
The Chicago Scholars Foundation
Total revenues
$6,857,221
2023
Total expenses
$7,844,062
2023
Total assets
$10,424,336
2023
Num. employees
125
2023

Program areas at Chicago Scholars

Chicago Scholars offers an innovative seven-year program lasting from The summer before their senior year of high school through The senior year of college and ending with two years of leadership development. In their first year of programming, Scholars work closely with college counselors, mentors and peers to apply to colleges and universities that are their right match, fit and financial fit. Our holistic approach strives for our Scholars to find The colleges and universities where they can build community and foster belonging. Chicago Scholars provides Scholars enrolled in college unique scholarship opportunities, continued mentorship and a community of people who care, so that our Scholars persist through college, thrive in their studies and graduate with degrees that lead to meaningful careers, higher salaries and economic mobility. Chicago Scholars' career programming helps our Scholars gain access to The key internships, opportunities, and networks that will lead them to their first jobs and launch life-changing careers. Each year Chicago Scholars works to improve its programs, services and partnerships. To date, more than 5,000 Chicago Scholars are in or have completed The program. 94% of our Scholars and alums are people of color; 88% are low-income and 82% are first generation college students representing all 77 Chicago community areas. Historically 96% of Scholars matriculate to college in The fall following their high school graduation on-time and 78% earn their degrees within six years. Overall The Scholars attended or graduated from more than 635 colleges and universities worldwide.
In october 2022, Chicago Scholars formed a single member limited liability company, reach pathways, llc (reach) for which The Foundation is The sole member, with The intention of expanding access to The Foundation's proven curriculum to more under-resourced students through technology and generating new potential revenue opportunities to diversity The Foundation's revenuesreach is The college and career pathway for under-resourced students in an innovative technology platform. Reach connects students with colleges and companies.

Who funds Chicago Scholars

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Balyasny FoundationTo Mentor Academically Ambitious Students From Under-Resourced Communities To Complete College$700,456
Robert R Mccormick FoundationFor General Operating Support, Sponsorship$633,500
Best Portion FoundationPublic$511,875
...and 51 more grants received totalling $4,277,533

Personnel at Chicago Scholars

NameTitleCompensation
Jeffery Beckham Jr.Chief Executive Officer
Brooke McKeanPresident$172,290
Rachael CarboneChief Development and Operations Officer$163,269
Tamara Hoff Pope, Ph.D.Chief Strategy Officer$133,598
Khadeejah Lasuc-LewisVice President - Talent and Learning and Equity$129,329
...and 26 more key personnel

Financials for Chicago Scholars

RevenuesFYE 06/2023
Total grants, contributions, etc.$6,511,236
Program services$399,394
Investment income and dividends$95,522
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,754
Net income from fundraising events$-149,574
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,397
Total revenues$6,857,221

Form 990s for Chicago Scholars

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-19990View PDF
2022-062023-05-11990View PDF
2021-062022-05-05990View PDF
2020-062021-04-12990View PDF
2019-062020-10-06990View PDF
...and 9 more Form 990s
Data update history
September 20, 2024
Updated personnel
Identified 8 new personnel
August 25, 2024
Received grants
Identified 11 new grant, including a grant for $80,000 from Polk Bros Foundation
May 26, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 7 new personnel
May 19, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
247 S State St 700
Chicago, IL 60604
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
chicagoscholars.org/ 
Phone
(312) 784-3300
Facebook page
ChicagoScholarsFoundation 
Twitter profile
@chicagoscholars 
IRS details
EIN
36-4117530
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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