Civic Intelligence

The First Spoke Foundation

990 • Fiscal year 2012 • EIN 20-0894628

Jul 01, 2011 to Jun 30, 2012 • Filed on May 15, 2013

Organization ProfileN/A
30 South Wells Street No 404960606
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.12x

Higher debt load relative to assets than 34% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

21st percentile

-4.0%

Faster asset growth than 21% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$16,007,570

Down $659,631 (-4.0%) from 2011

Net Assets

Down

$14,079,494

Down $509,607 (-3.5%) from 2011

Liabilities

Down

$1,928,076

Down $150,024 (-7.2%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$570,648

Down $1,452,067 (-72%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $16,667,201Liabilities 2011: $2,078,100Net Assets 2011: $14,589,1012011Assets 2012: $16,007,570Liabilities 2012: $1,928,076Net Assets 2012: $14,079,4942012Assets 2013: $16,130,124Liabilities 2013: $728,150Net Assets 2013: $15,401,9742013Assets 2014: $17,968,551Liabilities 2014: $338,685Net Assets 2014: $17,629,8662014Assets 2015: $17,524,953Liabilities 2015: $1,263,200Net Assets 2015: $16,261,7532015Assets 2016: $15,628,282Liabilities 2016: $803,440Net Assets 2016: $14,824,8422016Assets 2017: $16,035,797Liabilities 2017: $279,165Net Assets 2017: $15,756,6322017Assets 2018: $16,234,241Liabilities 2018: $348,540Net Assets 2018: $15,885,7012018Assets 2019: $16,161,369Liabilities 2019: $973,600Net Assets 2019: $15,187,7692019Assets 2020: $12,394,193Liabilities 2020: $1,128,957Net Assets 2020: $11,265,2362020Assets 2021: $10,124,413Liabilities 2021: $1,028,600Net Assets 2021: $9,095,8132021Assets 2022: $7,771,209Liabilities 2022: $7,428,650Net Assets 2022: $342,5592022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2012

Assets$16,007,570
Liabilities$1,928,076
Net Assets$14,079,494
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $796,025Expenses 2011: $2,022,715Net Income 2011: -$1,226,6902011Expenses 2012: $570,6482012Expenses 2013: $188,1502013Revenue 2014: $380,037Expenses 2014: $463,685Net Income 2014: -$83,6482014Revenue 2015: $887,625Expenses 2015: $1,547,681Net Income 2015: -$660,0562015Revenue 2016: $291,323Expenses 2016: $904,756Net Income 2016: -$613,4332016Revenue 2017: $404,759Expenses 2017: $580,172Net Income 2017: -$175,4132017Revenue 2018: $1,582,960Expenses 2018: $1,169,587Net Income 2018: $413,3732018Revenue 2019: $729,091Expenses 2019: $1,336,924Net Income 2019: -$607,8332019Revenue 2020: $816,273Expenses 2020: $4,627,649Net Income 2020: -$3,811,3762020Revenue 2021: $552,668Expenses 2021: $4,462,019Net Income 2021: -$3,909,3512021Revenue 2022: $4,480,404Expenses 2022: $12,896,988Net Income 2022: -$8,416,5842022Revenue 2023: $2,372,693Expenses 2023: $3,316,894Net Income 2023: -$944,2012023

Highlighted filing

2012

Revenue-
Expenses$570,648
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 15, 2013
Return Version
2011v1.5
Gross Receipts
$575,500
Mission and Program Overview

Mission

The Foundation is organized to foster, promote, support, develop, encourage and maintain the broad charitable, educational, and/or religious purpose of the Jewish Federation of Metropolitan Chicago and the Foundation as authorized in their by-laws.

Filing and Contact Details

Filer

EIN
20-0894628
Raw XML AppendixShowing 400 of 407 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The First Spoke Foundation (the Foundation) is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. At June 30, 2012 and 2011, there were no unrecognized tax benefits identified or recorded as liabilities. The Foundation files Form 990 in the U.S. federal jurisdiction and the State of Illinois. The Foundation is generally no longer subject to examination by the Internal Revenue Service for years before 2009.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Part X:
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IRS990ScheduleD/OtherSecurities/Description0Jewish Federation of Metropolitan Chicago Pooled Investment Fund
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: The Foundation staff perform due diligence on all organizations seeking grants from the Foundation and review grant compliance each year.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Procedure for Monitoring Grants in the U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0Part I, Line 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10200 Seaport Blvd
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IRS990ScheduleI/RecipientTable/AddressUS/AddressLine12University of Vermont
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IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine11One Acre Fund
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine12Israel Studies
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Part I, Line 4b: Michael Tarnoff: The Jewish Federation has an agreement with Michael Tarnoff which provides for annual payments of $30,000 per year that began in 2009 and will end in 2019. In addition, the Jewish Federation has agreed to provide Michael Tarnoff with a split dollar $800,000 insured death benefit. The insurance is designed so that upon Michael Tarnoff's death, the Federation will receive a benefit equal to all of the premiums paid. The life insurance benefit is provided tax free to Michael Tarnoff so there is an additional cash payment to Michael Tarnoff each year to cover the taxes on the PS58 costs as well as the taxes grossed up. Steven B. Nasatir: In 1999 the Jewish Federation entered into an agreement with Steven Nasatir that was contingent upon 5 more years of service as president and CEO and would result in annual payments of $50,000 per year (net of tax) beginning at age 64 and lasting throughout his lifetime. Dr. Nasatir began receiving payments under this agreement in 2009. The $50,000 per year amount is to be adjusted annually in accordance with the CPI index. This benefit is payable to him only for as long as he lives. There is no guaranteed payment amount and no survivor benefit at his death. In addition, the Jewish Federation has agreed to provide Steven Nasatir with a split dollar $1,000,000 insured death benefit. The insurance is designed so that upon Steven Nasatir's death, the Federation will receive a benefit equal to all of the premiums paid. The life insurance benefit is provided tax free to Steven Nasatir so there is an additional cash payment to Steven Nasatir each year to cover the taxes on the PS58 costs as well as the taxes grossed up.
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IRS990ScheduleO/GeneralExplanation/Explanation0Steven Nasatir and Michael Tarnoff have a business relationship.
IRS990ScheduleO/GeneralExplanation/Explanation1The by laws stipulate that members of the foundation are divided into two classes: the donor member and the publicly supported organization member, which is the Jewish Federation of Metropolitan Chicago.
IRS990ScheduleO/GeneralExplanation/Explanation2The board of directors consists of 3 total persons, 1 of whom is elected by the donor member and 2 of whom are elected by the publicly supported organization member pursuant to its established procedures.
IRS990ScheduleO/GeneralExplanation/Explanation3A board member or officer appointed by the Jewish Federation reviewed the Form 990 prior to filing.
IRS990ScheduleO/GeneralExplanation/Explanation4A conflict of interest questionnaire is circulated to all board members on an annual basis. This process is managed by the Foundation's Secretary who ensures all questionnaires are completed. The completed questionnaires are reviewed and any conflicts are disclosed to the board of directors. If a director does have a conflict or business relationship, he or she is required to abstain from any votes related to that matter.
IRS990ScheduleO/GeneralExplanation/Explanation5Upon Request
IRS990ScheduleO/GeneralExplanation/Explanation6Net unrealized losses on investments: -514,459.
IRS990ScheduleO/GeneralExplanation/Identifier0Changes in Net Assets or Fund Balances:
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part XI, line 5:
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IRS990/TotalLiabNetAssetsFundBalances/EOY016007570
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers03
IRS990/TotalNetAssetsFundBalances/BOY014589101
IRS990/TotalNetAssetsFundBalances/EOY014079494
IRS990/TotalOtherCompensation059003
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0567500
IRS990/TotalReportableCompFrmRltdOrgs0312822
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0575500
IRS990/TotalRevenue/ExclusionAmount0575500
IRS990/TotalRevenuePriorYear0796025
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn0575500
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0n/a
IRS990/WhistleblowerPolicy01
IRS990/YearFormation02004
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0200894628
ReturnHeader/Filer/Name/BusinessNameLine10The First Spoke Foundation
ReturnHeader/Filer/NameControl0FIRS
ReturnHeader/Filer/Phone03123574790
ReturnHeader/Filer/USAddress/AddressLine1030 South Wells Street No 4049
ReturnHeader/Filer/USAddress/City0Chicago
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode060606
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-05-15
ReturnHeader/Officer/Name0David Rosen
ReturnHeader/Officer/Phone03123574790
ReturnHeader/Officer/Title0Assistant Secretary
ReturnHeader/PreparerFirm/EIN0420714325
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10MCGLADREY LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine101 S WACKER DRIVE STE 800
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0CHICAGO
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0IL
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode060606

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$16,007,570
Liabilities
$1,928,076
Net assets
$14,079,494
Revenue
-
Expenses
$570,648
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.37$3.32$0.94
2022Detailed filing. Detailed filing data is available for this year.$7.77$7.43$0.34$4.48$12.9$8.42
2021Detailed filing. Detailed filing data is available for this year.$10.1$1.03$9.10$0.55$4.46$3.91
2020Detailed filing. Detailed filing data is available for this year.$12.4$1.13$11.3$0.82$4.63$3.81
2019Detailed filing. Detailed filing data is available for this year.$16.2$0.97$15.2$0.73$1.34$0.61
2018Detailed filing. Detailed filing data is available for this year.$16.2$0.35$15.9$1.58$1.17$0.41
2017Detailed filing. Detailed filing data is available for this year.$16.0$0.28$15.8$0.40$0.58$0.18
2016Detailed filing. Detailed filing data is available for this year.$15.6$0.80$14.8$0.29$0.90$0.61
2015Detailed filing. Detailed filing data is available for this year.$17.5$1.26$16.3$0.89$1.55$0.66
2014Detailed filing. Detailed filing data is available for this year.$18.0$0.34$17.6$0.38$0.46$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$0.73$15.4$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$1.93$14.1$0.57
2011Summary only. Only limited summary data is available for this year.$16.7$2.08$14.6$0.80$2.02$1.23