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 · Part VII & Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
| Position | Total |
|---|---|
Executive Di 25th percentile to median | $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.
Top pay as a share of expenses
In 2023, the highest total compensation at HFS CHICAGO SCHOLARS equaled 10% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 4%
from 2022
From $100k in 2022 to $105k in 2023.
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.
Chief Executive Officer pay rose 4% from 2022 to 2023, while revenue rose 27%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about HFS CHICAGO SCHOLARS
What does the Chief Executive Officer of HFS CHICAGO SCHOLARS earn?
In 2023, the Chief Executive Officer of HFS CHICAGO SCHOLARS received $104,750 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Education organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at HFS CHICAGO SCHOLARS compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2023 pay of the Chief Executive Officer at HFS CHICAGO SCHOLARS falls between the 25th percentile and the median. In 2023, the highest total compensation at HFS CHICAGO SCHOLARS equaled 10% of the organization's total expenses. The median for education organizations is 7%.
What are HFS CHICAGO SCHOLARS's revenue and expenses?
In 2023, HFS CHICAGO SCHOLARS reported $1.6M in total revenue and $1M in total expenses on its IRS Form 990.
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