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Education : Scholarship and Financial Support (Grantmaking/Grants Payable)

Big Shoulders Fund

It takes Big Shoulders to carry a child's dreams

97.87

212 West Van Buren Suite 900
Chicago, IL 60607
tel: (312) 751-8337   Web Site
EIN: 36-3490557

Board Leadership
James J. O'Connor, John A. Canning, Jr. and Monsignor Kenneth J. Velo
Co-Chairs

CEO
Joshua Hale
President and Chief Executive Officer

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 97.87
  Financial 100.00
  Accountability & Transparency 97.00
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

The mission of the Big Shoulders Fund is to provide support to the Catholic schools in the neediest areas of inner-city Chicago. The funds raised by Big Shoulders are used for scholarships, special education programs, instructional equipment, much needed facility improvements, faculty support, and operating grants. Serving both Catholics and non-Catholics, Big Shoulders Fund supported schools are seen as anchors in their communities and in the lives of the families they serve. It is our hope to provide the inner-city Catholic schools with the resources to prepare Chicago's young people for a productive future. The Big Shoulders Fund seeks to offer inner-city children and their parents the choice of a faith-based, value-centered education.

The mission of the Big Shoulders Fund is to provide support to the Catholic schools in the neediest areas of inner-city Chicago. The funds raised by Big Shoulders are used for scholarships, special education programs, instructional equipment, much needed facility improvements, faculty support, and operating grants. Serving both Catholics and non-Catholics, Big Shoulders Fund supported schools are seen as anchors in their communities and in the lives of the families they serve. It is our hope to provide the inner-city Catholic schools with the resources to prepare Chicago's young people for a productive future. The Big Shoulders Fund seeks to offer inner-city children and their parents the choice of a faith-based, value-centered education.

Financial

100.00

Accountability & Transparency

97.00

This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
88.9%
  Administrative Expenses 7.0%
  Fundraising Expenses 3.9%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 3.26
  Program Expenses Growth 12.8%
  Liabilities to Assets 9.3%
All data for Financial Performance Metrics calculations was provided by Big Shoulders Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Big Shoulders Fund on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $34,597,560
   Federated Campaigns $38,349
   Membership Dues $0
   Fundraising Events $1,885,287
   Related Organizations $0
   Government Grants $0
Total Contributions $36,521,196
   Program Service Revenue $0
Total Primary Revenue $36,521,196
   Other Revenue $2,602,187
TOTAL REVENUE $39,123,383
   
EXPENSES  
   Program Expenses $23,973,975
   Administrative Expenses $1,546,525
   Fundraising Expenses $901,197
TOTAL FUNCTIONAL EXPENSES $26,421,697
   
Payments to Affiliates $0
Excess (or Deficit) for the year $12,701,686
   
Net Assets $81,599,963

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarship Programs $14,555,688 60.7%
School Operations $3,738,638 15.6%
Academic Enrichment $3,592,845 15.0%

Ratings History
Big Shoulders Fund has received 14 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 12/01/2020 97.87
2018-06 12/01/2019 93.83
2017-06 12/01/2018 98.64
2016-06 09/01/2017 97.17
2015-06 10/01/2016 92.22
2014-06 06/01/2016 95.05
 
CN 2.0
2014-06 09/01/2015 95.01
2013-06 10/01/2014 91.85
2012-06 08/01/2013 90.70
2011-06 06/01/2012 94.11
2010-06 09/20/2011 95.00
 
CN 1.0
2010-06 07/01/2011 99.00
2009-06 07/01/2010 98.95
2008-06 10/01/2009 99.10
2007-06 10/01/2008 99.00
2006-06 07/01/2007 99.02
2005-06 09/01/2006 89.02
2004-06 07/01/2005 87.32
2003-06 05/01/2004 74.23
2002-06 08/01/2003 83.27

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 36-3490557
Name in IRS Master File BIG SHOULDERS FUND
NTEE Code B12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1987
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$494,730 1.87% Joshua Hale President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Big Shoulders Fund (IL) 97.87
The Chi Chi Rodriguez Youth Foundation (FL) 92.20
USMMA Alumni Association and Foundation (NY) 92.74
JELF - Jewish Educational Loan Fund (GA) 92.46
Highland Park Education Foundation (TX) 95.05

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Big Shoulders Fund
212 West Van Buren
Suite 900
Chicago, IL 60607
tel: (312) 751-8337
fax: (312) 751-5235
EIN: 36-3490557

Visit Web Site

Board Leadership

James J. O'Connor, John A. Canning, Jr. and Monsignor Kenneth J. Velo
Co-Chairs

CEO

Joshua Hale
President and Chief Executive Officer

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