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Depaul College Prep Foundation

EIN 81-4516326 · Chicago, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood75 out of 100GovernanceGood73 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE SCHEDULE O

Income
$9.5 million
Spending
$4.3 million
Spent on programs
99%
Reserves
88 months of spending
Largest source of income
fees for its services, 48%
Employees
0
Volunteers
7
Highest pay
$98,819, president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 75 out of 100. Higher than 58% of charities in its peer group (education, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 88.0 months of spending.

  • Debt

    5 of 20

    It owes 67% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 55% of income.

  • Income trend

    5 of 15

    Income fell 15% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 73 out of 100. Higher than 29% of charities in its peer group (education, $1m to $10m).

  • Independent board

    18 of 25

    2 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $4.2 million spent. PROGRAM SERVICE: EDUCATIONAL RESOURCESDEPAUL COLLEGE PREP FOUNDATION ENTERED INTO A LOAN WITH THE ILLINOIS FINANCE AUTHORITY WHICH ISSUED BONDS ON BEHALF OF THE FOUNDATION. THE PROCEEDS OF THE BONDS WERE MAINLY USED TO REPAY THE DEBT FROM THE PURCHASE OF THE CAMPUS IN 2019 AND TO FINANCE THE COSTS OF BUILDING A NEW ACADEMIC BUILDING ON THE CAMPUS, INCLUDING 19 CLASSROOMS, A NEW DINING HALL, AND 2 SCIENCE LABS. EXPENSES ALSO INCLUDE INTEREST ON THE DEBT THAT WAS REPAID DURING THE YEAR, INTEREST ON THE LOAN WITH THE ILLINOIS FINANCE AUTHORITY, AND DEPRECIATION.
  2. $31,000 spent. PROGRAM SERVICE: ENDOWMENT FOR EDUCATIONAL PURPOSECONTRIBUTIONS TO DEPAUL COLLEGE PREP FOUNDATION ARE PARTIALLY TO GROW THE ENDOWMENT TO BE USED FOR EDUCATIONAL PURPOSES. THE ENDOWMENT FUND WILL FUND BOTH SCHOLARSHIPS TO STUDENTS WHO ATTEND DEPAUL COLLEGE PREP AND PROFESSIONAL DEVELOPMENT FOR THE FACULTY AT DEPAUL COLLEGE PREP.
  3. THE PURPOSE OF THE DEPAUL COLLEGE PREP'S FOUNDATION (THE "FOUNDATION"), AS STATED IN ITS ARTICLES OF INCORPORATION, ARE: EXCLUSIVELY CHARITABLE, RELIGIOUS, AND EDUCATIONAL WITHIN THE MEANING OF THE CODE SECTION 501 (C)(3), AND SPECIFICALLY WITHIN THOSE PURPOSES TO OPERATE AS A SUPPORTING ORGANIZATLON DESCRIBED IN CODE SECTION 509(A)(3) EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF DEPAUL COLLEGE PREP, AN ILLINOIS NOT-FOR-PROFIT CORPORATION THAT IS DESCRIBED IN CODE SECTION 501(C)(3) AND CLASSIFIED AS A PUBLIC CHARITY DESCRIBED IN CODE SECTION 509(A)(1) ("DEPAUL COLLEGE PREP"), FOR SO LONG AS DEPAUL COLLEGE PREP SHALL BE IN EXISTENCE AND SO DESCRIBED, INCLUDING, WITHOUT LIMITATION, RAISING FUNDS IN SUPPORT OF DEPAUL COLLEGE PREP OR IN FURTHERANCE OF ANY SUCH PURPOSE; HOLDING FUNDS AND ASSETS RAISED BY THE BOARD OF DIRECTORS OF DEPAUL COLLEGE PREP OR OTHER PERSONS IN SUPPORT OF DEPAUL COLLEGE PREP; DISBURSING AVAILABLE FUNDS IN SUPPORT OF ACQUIRING, HOLDING, AND MAINTAINING ASSETS, INCLUDING REAL PROPERTY, IN SUPPORT OF DEPAUL COLLEGE PREP OR IN FURTHERANCE OF ANY SUCH PURPOSE AND FURTHERING THE MISSION AND VALUES OF CATHOLIC EDUCATION.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.