HFS CHICAGO SCHOLARS Charity Report

Public IRS 990 nonprofit record

HFS CHICAGO SCHOLARS

EIN 36-3922345 · Education (B82Z)

What they do

HFS CHICAGO SCHOLARS (HFS) WAS CREATED for THE EXPRESS PURPOSE of SUPPORTING THE EDUCATIONAL ASPIRATION of ECONOMICALLY DISADVANTAGED, BUT ACADEMICALLY MOTIVATED CHICAGO INNER-CITY YOUTH. HFS GRANTS PARTIAL SCHOLARSHIPS to QUALIFYING STUDENTS, WORKS WITH OTHER UNRELATED SCHOLARSHIP FUNDS and THE CHOSEN HIGH SCHOOL of THE SCHOLARSHIP RECIPIENTS to ADDRESS FULL TUITION and OTHER SCHOOL COST NEEDS of THE RECIPIENTS and PROVIDES AN ACTIVE MENTOR for EACH RECIPIENT to HELP THE RECIPIENT SUCCESSFULLY ACHIEVE HIS or HER EDUCATIONAL GOALS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders76 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

60.11%of revenue went to mission work93.6% of expenses · Program services

3.40%of revenue went to fundraising5.3% of expenses

$64.24spent for every $100 of revenueRevenue covered expenses this year.

0.73%of revenue went to management and office costs1.1% of expenses

$4.19in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,988,308

Mission workProgram services$1,195,17860.11% of revenue93.6% of expenses

ManagementOffice and general costs$14,5300.73% of revenue1.1% of expenses

FundraisingAsking for donations$67,5903.40% of revenue5.3% of expenses

Revenue left after expensesReported annual surplus$711,01035.76% of revenueShown in gray on the chart

Total expenses$1,277,29864.24% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 93.6% mission · 1.1% management · 5.3% fundraisingTotal expenses: 64.24% of revenue

2023Expense mix: 91.9% mission · 1.2% management · 6.9% fundraisingTotal expenses: 64.32% of revenue

2022Expense mix: 91.9% mission · 0.9% management · 7.2% fundraisingTotal expenses: 83.21% of revenue

2021Expense mix: 91.0% mission · 0.9% management · 8.0% fundraisingTotal expenses: 61.42% of revenue

2020Expense mix: 91.9% mission · 1.3% management · 6.9% fundraisingTotal expenses: 57.06% of revenue

2019Expense mix: 87.3% mission · 1.1% management · 11.6% fundraisingTotal expenses: 74.86% of revenue

2018Expense mix: 81.7% mission · 5.8% management · 12.4% fundraisingTotal expenses: 69.13% of revenue

2017Expense mix: 80.7% mission · 8.9% management · 10.4% fundraisingTotal expenses: 90.57% of revenue

Money in and money out

Revenue$1,988,308

Expenses$1,277,298

Annual surplus $711,010 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,195,178 · 93.6% of expenses

Management and office costs$14,530 · 1.1% of expenses

Fundraising$67,590 · 5.3% of expenses

See all reported dollar amounts

Revenue$1,988,308

Expenses$1,277,298

Assets$5,348,584

Income$1,988,308

Contributions$1,988,308

Mission work (program services)$1,195,178

Fundraising$67,590

Grants given$3,324,960

Average grant$15,684

Management and general$14,530

Executive compensation (total)$88,500

Stocks and bonds$4,595,738

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (76)

KAREN QUIRKDIRECTOR

MICHAEL SCOLARODIRECTOR

MARK MCCARVILLEDIRECTOR

MARK GERTZOFDIRECTOR

LAURA VAN PEENANDIRECTOR

KEVIN MCCARTYDIRECTOR

KEVIN CALLAHANDIRECTOR

KEVIN BLITZDIRECTOR

KERRI LINDIRECTOR

KATHY L CLOLINGERTREASURER

MICHAEL SHARKEYDIRECTOR

KARA GOODWINDIRECTOR

JOY WALTONDIRECTOR

JOSEPH DIMBERIODIRECTOR

JORDAN CURNESDIRECTOR

JOHN SIKORADIRECTOR

JOHN MCLAUGHLINDIRECTOR

JOHN KELLERDIRECTOR

JOHN KAVANAUGHDIRECTOR

SCOTT WILLIAMSDIRECTOR

YI WEIDIRECTOR

VERNIS BARRIER-LIKESDIRECTOR

THOMAS JOHANNESENDIRECTOR

TANJA BABICHDIRECTOR

TAMARA MEYERDIRECTOR

SUZANNE YOONDIRECTOR

SUZANNE MARTINEZDIRECTOR

STEVE GRIMESDIRECTOR

SEAN MEEHANDIRECTOR

JIM LENTZDIRECTOR

SCOTT MEYERDIRECTOR

SAMEER GHAZNAVIDIRECTOR

RYAN GROMMESDIRECTOR

RONA BORREDIRECTOR

RAYMOND WHEARLEYSECRETARY

NANCY PETERMANDIRECTOR

MICHAEL J KENNELLYBOARD CHAIRM

MICHAEL SULLIVANDIRECTOR

CHRISTIAN COOLEYVICE CHAIRMA

DEAN BEKASDIRECTOR

DAVID TRACYDIRECTOR

DAVID KUCERADIRECTOR

DAVID HILGERDIRECTOR

DANIEL TIEMANNDIRECTOR

DANIEL QUINTANADIRECTOR

CLAUDIA SARANDIRECTOR

CHRISTOPHER RAUBDIRECTOR

CHRISTOPHER PETRINI-POLIDIRECTOR

DENNIS CROWLEYDIRECTOR

CHRIS VARONESDIRECTOR

CARMEN ONTIVEROSDIRECTOR

BRIAN ZYGMUNTDIRECTOR

BRIAN GALLAGHERDIRECTOR

ANTHONY GARCIADIRECTOR

ANGELA CINEFRODIRECTOR

ANDREW WEILDIRECTOR

ALEX AGRANDIRECTOR

HON MATTHEW KENNELLYDIRECTOR

JIM CONVERYDIRECTOR

JERRY PRASSASDIRECTOR

JENNIFER DRISCOLLDIRECTOR

JASON WHITEDIRECTOR

JASON DEJONKERDIRECTOR

JAMES SHEEHANDIRECTOR

JAMES JONESDIRECTOR

JAMES ALLEGRETTIDIRECTOR

J JAMES OMALLEYVICE CHAIR

ADAM POLLOCKDIRECTOR

HEATHER ALBRIGHTDIRECTOR

GREGORY TEEGENDIRECTOR

GERALD MOLIDORDIRECTOR

GEORGE N PANAGAKISDIRECTOR

FRANK PETITODIRECTOR

EDWARD KELLERDIRECTOR

DONOVAN PEPPERDIRECTOR

DESIREE PEPPER-VENZANTEXECUTIVE DI

About this charity

Recognized since: January 1994
Location: 1074 W TAYLOR STREET RM/STE 201, CHICAGO, IL 606074336
County: Cook
In care of: KATHY L CLOLINGER
Primary officer: KATHY L CLOLINGER, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailinfo@hfschicagoscholars.com Phone(312) 421-4070

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: ABENDROTH ACCTG & TAX SERVICES INC
NTEE classification: Education (B82Z)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes