Civic Intelligence

The First Spoke Foundation

990 • Fiscal year 2015 • EIN 20-0894628

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

30 South Wells Street No 4049Chicago, IL 60606

(312) 357-4790

Siviq Scores

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

Liabilities / Assets

29th percentile

0.07x

Higher debt load relative to assets than 29% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

1.42x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

4th percentile

-74%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$643,021

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 72.4% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

30th percentile

-2.5%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

134%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$17,524,953

Down $443,598 (-2.5%) from 2014

Net Assets

Down

$16,261,753

Down $1,368,113 (-7.8%) from 2014

Liabilities

Up

$1,263,200

Up $924,515 (+273%) from 2014

Revenue

Up

$887,625

Up $507,588 (+134%) from 2014

Expenses

Up

$1,547,681

Up $1,083,996 (+234%) from 2014

Net Income

Down

-$660,056

Down $576,408 (-689%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$17,524,953
Liabilities$1,263,200
Net Assets$16,261,753

Operations Trend

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

2015

Revenue$887,625
Expenses$1,547,681
Net Income-$660,056
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$887,625
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$17,960,610$17,516,940▼ $443,670
Rtn Earn Endowment Incm Other Fnds$17,629,866$16,261,753▼ $1,368,113
Savings and Temporary Cash Investments$7,941$8,013▲ $72
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$17,968,551$17,524,953▼ $443,598
Liabilities
Grants Payable$335,000$1,075,000▲ $740,000
Other Liabilities$10$185,000▲ $184,990
Accounts Payable and Accrued Expenses$3,675$3,200▼ $475
Total Liabilities$338,685$1,263,200▲ $924,515
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,629,866$16,261,753▼ $1,368,113
Total Liabilities and Net Assets / Fund Balance$17,968,551$17,524,953▼ $443,598

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$17,516,940--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael J KrasnyPresident
Adam LevineVice President
Rose JagustAssistant Secretary
James A PinkstonAssistant Treasurer
Michael TarnoffAssistant Treasurer
Wendy Berger ShapiroSecretary
Steven B NasatirTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$875,031
Other Revenue
$12,594
Change in Net Assets
$-660,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,485,000
Other Expenses$62,681
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,485,000--$1,485,000
Fees for Service Investment Mgmnt Fees-$57,124-$57,124
Fees for Services Accounting-$3,200-$3,200
All Other Expenses-$2,347-$2,347
Other Expenses-$10-$10
Total Functional Expenses$1,485,000$62,681$0$1,547,681
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Birthright Israel FoundationNew York, NY501(c)(3)General Operating Support$1,000,000
Jewish United Fund of Metropolitan ChicagoChicago, IL501(c)(3)General Operating Support$485,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To Jewish Federation of Metropolitan Chicago$185,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The 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.

Form 990, Part VI, Section A, line 7A

The 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.

Form 990, Part VI, Section B, line 11

The voting members of the governing body reviewed the Form 990 prior to filing with the IRS.

Form 990, Part VI, Section B, line 12C

A 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.

Form 990, Part VI, Section C, line 19

Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
The First Spoke Foundation
EIN
20-0894628
Phone
3123574790
Address
30 South Wells Street No 4049, Chicago, IL 60606

Signing Officer

Name
James A Pinkston
Title
Assistant Treasurer
Phone
3123574790
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rose Jagust
Formed
2004
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Rsm US Llp
Address
1 S Wacker Drive Suite 800, Chicago, IL 60606-3392
Preparer
Marek Rozowicz
Phone
3126343400
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The 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, 2015, 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 2012.

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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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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Jewish Federation of Metropolitan Chicago
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0185000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due To Jewish Federation of Metropolitan Chicago
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt017516940
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Jewish Foundation Pooled Investment Fund
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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, 2015, 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 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt017516940
IRS990ScheduleD/TotalLiabilityAmt0185000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01000000
IRS990ScheduleI/RecipientTable/CashGrantAmt1485000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Operating Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General Operating Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Birthright Israel Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Jewish United Fund of Metropolitan Chicago
IRS990ScheduleI/RecipientTable/RecipientEIN0134092050
IRS990ScheduleI/RecipientTable/RecipientEIN1362167034
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt033 East 33rd Street Floor 7
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt130 South Wells Street Suite 4049
IRS990ScheduleI/RecipientTable/USAddress/CityNm0New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Chicago
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010016
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd160606
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Foundation staff perform due diligence on all organizations seeking grants from the foundation and review grant compliance each year.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0496513
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1216523
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2247732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3117025
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt062696
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt210150
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt326446
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt021097
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt110164
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt210957
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt317807
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt063536
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt122939
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt224240
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt3701
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Steven B Nasatir
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1James A Pinkston
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Michael Tarnoff
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Rose Jagust
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Assistant Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Assistant Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Assistant Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0643842
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1257557
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2293079
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3161979
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Michael 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. 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. During 2012, the Jewish Federation entered into a second agreement with Steven Nasatir which provides for annual payments of $5,000 beginning April 1, 2015 and lasting throughout his lifetime. The $50,000 and $5,000 annual payment amounts are to be adjusted annually in accordance with the CPI index. These benefits are payable to him only for as long as he lives. There are no guaranteed payment amounts and no survivor benefits at his death. In 2014, Steven Nasatir received payments of $71,976 from the first supplemental non-qualified retirement plan.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 4b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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/SupplementalInformationDetail/ExplanationTxt1The 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/SupplementalInformationDetail/ExplanationTxt2The voting members of the governing body reviewed the Form 990 prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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/SupplementalInformationDetail/ExplanationTxt4Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Jewish Federation of Metropolitan Chicago
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1Jewish Federation of Metropolitan Chicago
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0T
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1T
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Charitable Trust
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1Charitable Trust
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Charitable Remainder Unitrusts (25)
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1Charitable Remainder Annuity Trusts (10)
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0JFMC Facilities Corporation
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt1Jewish Federation of Metropolitan Chicago

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