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Filing year 2023

HFS CHICAGO SCHOLARS

Chicago, Illinois·EIN 36-3922345·NTEE B82Z · Education·3
Total revenue
$1.6M
Total assets
$4.6M
Total expenses
$1M
Reported officers
76
Mission

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.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

$105k
$116k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 75 unpaid individuals.

Browse compensation in Education

Up 4%
from 2022

From $100k in 2022 to $105k in 2023.

$100k
2022
$105k
2023
In today's dollarsEst.
Up 1% in real terms$115k to $116k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HFS CHICAGO SCHOLARS reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.2M
$1M
2022
$1.6M
$1M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Illinois

Comparable education organizations in Illinois pay their highest-earning executive a median of $79,978.

25th percentile
$25k
Median
$79,978
75th percentile
$195k
90th percentile
$368k

These are education sector-wide figures, not this organization's reported pay. Based on 362 organizations across 362 filings (2021 – 2023).

See full Education pay data for Illinois
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