Better Business Bureau Report for
Big Shoulders Fund

Better Business Bureau Report issued July 2014
Better Business Bureau Report expires July 2016


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Big Shoulders Fund
Address: 212 West Van Buren
  Chicago, IL 60607
Phone: 312-751-8337
Web Address: http://www.bigshouldersfund.org/
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Better Business Bureau Comments

Year, State Incorporated: 1986, Illinois
Affiliates: None
Stated Purpose: The Big Shoulders Fund is organized for the the purpose of developing, managing, and distributing funds for the educational system of the Archdiocese of Chicago.

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Evaluation Conclusions

              

Big Shoulders Fund meets the 20 Standards for Charity Accountability.
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Programs

              

ig Shoulders Fund is unique: our administrative expenses are supported by an endowment and other income which ensures that 100% of funds currently raised go toward programs that benefit Big Shoulders Fund schools and the students they serve. Our programs benefit the hardest working students in Chicago, providing scholarships, special education and academic programs, instructional equipment, much-needed school facility improvements, faculty support, operating grants and much, much more.

For the fiscal year ended June 30, 2013, Big Shoulders Fund's program expenses were:

  
Total Program Expenses 11,941,573
Total Program Expenses: $11,941,573
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Governance

              

Chief Executive : Joshua Hale, President and CEO
Compensation*: 
$352,111

Chair of the Board: James J. O'Connor
Chair's Profession / Business Affiliation: Retired Chairman & CEO Unicom & Commonwealth Edison Company

Co-Chair of the Board : John A. Canning, Jr.

Chair's Profession / Business Affiliation: Chairman Madison Dearborn Partners, Inc.,

Co-Chair of the Board : Monsignor Kenneth J. Velo

Chair's Profession / Business Affiliation: Senior Executive Office of Catholic Collaboration DePaul University

Board Size: 28

Paid Staff Size: 17

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, television, grant proposals, internet, planned giving arrangements
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $20,553,178, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Big Shoulders Fund's audited financial statements for the fiscal year ended June 30, 2013.

Source of Funds  
Contributions 20,343,537
Investment income 4,163,351
Special event revenue 980,783
less amounts designated to other organizations by donors -771,142
Total Income $24,716,529


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Uses of Funds as a % of Total Expenses

Programs: 90%  Fund Raising: 4%  Administrative: 6% 

Total income $24,716,529
Program expenses $11,941,573
Fund raising expenses 532,945
Administrative expenses 803,241
Total expenses $13,277,759
Income in Excess of Expenses 11,438,770
Beginning net assets 48,620,611
Ending net assets 60,059,381
Total liabilities 2,029,088
Total assets $62,088,469


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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