Civic Intelligence

Ring Family Supporting Foundation

990 • Fiscal year 2013 • EIN 20-1642012

Jul 01, 2012 to Jun 30, 2013 • Filed on May 14, 2014

30 South Wells Street No 404960606
Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

63rd percentile

6.6%

Faster asset growth than 63% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,141,794

Up $70,772 (+6.6%) from 2012

Net Assets

Up

$1,138,344

Up $70,722 (+6.6%) from 2012

Liabilities

Up

$3,450

Up $50 (+1.5%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$29,760

Up $15,347 (+106%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,084,127Liabilities 2011: $6,400Net Assets 2011: $1,077,7272011Assets 2012: $1,071,022Liabilities 2012: $3,400Net Assets 2012: $1,067,6222012Assets 2013: $1,141,794Liabilities 2013: $3,450Net Assets 2013: $1,138,3442013Assets 2014: $1,318,597Liabilities 2014: $8,975Net Assets 2014: $1,309,6222014Assets 2015: $1,295,330Liabilities 2015: $10,600Net Assets 2015: $1,284,7302015Assets 2016: $1,235,099Liabilities 2016: $5,830Net Assets 2016: $1,229,2692016Assets 2017: $1,303,797Liabilities 2017: $13,991Net Assets 2017: $1,289,8062017Assets 2018: $1,376,811Liabilities 2018: $5,040Net Assets 2018: $1,371,7712018Assets 2019: $1,402,233Liabilities 2019: $32,100Net Assets 2019: $1,370,1332019Assets 2020: $1,620,218Liabilities 2020: $5,100Net Assets 2020: $1,615,1182020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2013

Assets$1,141,794
Liabilities$3,450
Net Assets$1,138,344

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $50,499Expenses 2011: $12,675Net Income 2011: $37,8242011Expenses 2012: $14,4132012Expenses 2013: $29,7602013Revenue 2014: $25,198Expenses 2014: $19,485Net Income 2014: $5,7132014Revenue 2015: $65,604Expenses 2015: $38,006Net Income 2015: $27,5982015Revenue 2016: $22,182Expenses 2016: $16,160Net Income 2016: $6,0222016Revenue 2017: $32,396Expenses 2017: $59,694Net Income 2017: -$27,2982017Revenue 2018: $132,497Expenses 2018: $24,168Net Income 2018: $108,3292018Revenue 2019: $62,790Expenses 2019: $56,084Net Income 2019: $6,7062019Revenue 2020: $318,187Expenses 2020: $62,983Net Income 2020: $255,2042020Revenue 2021: $73,042Expenses 2021: $1,979,795Net Income 2021: -$1,906,7532021

Highlighted filing

2013

Revenue-
Expenses$29,760
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 14, 2014
Return Version
2012v2.1
Gross Receipts
$67,716
Mission and Program Overview

Mission

The Foundation was organized to foster, promote, support, develop, encourage and maintain the specific charitable, educational or religious purposes or function, or as authorized in the charter of the Jewish Federation of Metropolitan Chicago.

Filing and Contact Details

Filer

EIN
20-1642012
Raw XML AppendixShowing 400 of 981 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/Form990ScheduleDPartXIII/Explanation0Ring Family Supporting 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, 2013, 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 2010.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0Description of Uncertain Tax Positions Under FIN 48:
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: Foundation staff perform due diligence on all organizations seeking grants from the Foundation and review grant compliance each year.
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0David Rosen: The Jewish Federation has an agreement with David Rosen which provides for annual payments of $25,000 per year beginning in 2018 and lasting for ten years. 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.
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IRS990ScheduleO/GeneralExplanation/Explanation0The 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/Explanation1The 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/Explanation2The voting members of the governing body reviewed the Form 990 prior to filing with the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation3A 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 complete 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/Explanation4The organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year upon request.
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section C, line 19
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City35Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City36Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City37Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City38Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City39Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City40Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City41Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City42Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City43Chicago
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City44Chicago
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