Civic Intelligence

The Libenu Foundation

990 • Fiscal year 2022 • EIN 27-2149745

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 18, 2023

8052 N Monticello 203Skokie, IL 60076

(847) 213-0514

Siviq Scores

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

Liabilities / Assets

74th percentile

0.27x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.72x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

78th percentile

28%

Higher net margin than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

86th percentile

$165,345

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

74th percentile

16%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,230,227

Up $592,570 (+16%) from 2021

Net Assets

Up

$3,074,875

Up $449,241 (+17%) from 2021

Liabilities

Up

$1,155,352

Up $143,329 (+14%) from 2021

Revenue

Up

$1,609,273

Up $170,238 (+12%) from 2021

Expenses

Up

$1,155,581

Up $346,164 (+43%) from 2021

Net Income

Down

$453,692

Down $175,926 (-28%) from 2021

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $1,297,446Liabilities 2013: $309,020Net Assets 2013: $988,4262013Assets 2014: $1,654,163Liabilities 2014: $583,099Net Assets 2014: $1,071,0642014Assets 2015: $2,110,445Liabilities 2015: $871,069Net Assets 2015: $1,239,3762015Assets 2016: $2,365,536Liabilities 2016: $850,580Net Assets 2016: $1,514,9562016Assets 2017: $3,000,102Liabilities 2017: $1,346,864Net Assets 2017: $1,653,2382017Assets 2019: $2,589,365Liabilities 2019: $969,749Net Assets 2019: $1,619,6162019Assets 2020: $3,035,821Liabilities 2020: $1,039,616Net Assets 2020: $1,996,2052020Assets 2021: $3,637,657Liabilities 2021: $1,012,023Net Assets 2021: $2,625,6342021Assets 2022: $4,230,227Liabilities 2022: $1,155,352Net Assets 2022: $3,074,8752022Assets 2023: $6,612,849Liabilities 2023: $1,511,739Net Assets 2023: $5,101,1102023Assets 2024: $6,993,973Liabilities 2024: $1,583,418Net Assets 2024: $5,410,5552024

Highlighted filing

2022

Assets$4,230,227
Liabilities$1,155,352
Net Assets$3,074,875

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $332,996Expenses 2013: $124,871Net Income 2013: $208,1252013Revenue 2014: $254,006Expenses 2014: $171,368Net Income 2014: $82,6382014Revenue 2015: $416,910Expenses 2015: $247,473Net Income 2015: $169,4372015Revenue 2016: $512,078Expenses 2016: $237,148Net Income 2016: $274,9302016Revenue 2017: $549,033Expenses 2017: $410,751Net Income 2017: $138,2822017Revenue 2019: $605,369Expenses 2019: $695,438Net Income 2019: -$90,0692019Revenue 2020: $1,113,664Expenses 2020: $737,075Net Income 2020: $376,5892020Revenue 2021: $1,439,035Expenses 2021: $809,417Net Income 2021: $629,6182021Revenue 2022: $1,609,273Expenses 2022: $1,155,581Net Income 2022: $453,6922022Revenue 2023: $3,353,509Expenses 2023: $1,335,461Net Income 2023: $2,018,0482023Revenue 2024: $1,751,740Expenses 2024: $1,450,120Net Income 2024: $301,6202024

Highlighted filing

2022

Revenue$1,609,273
Expenses$1,155,581
Net Income$453,692
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 18, 2023
Return Version
2022v5.0
Gross Receipts
$1,609,273
Mission and Program Overview

Mission

The libenu foundations mission is to provide opportunities for jewish adults with developmental disabilities to live independent, meaningful lives as respected members of the jewish community.

Libenu's mission is to provide a lifetime of care and support for children, teens, and adults with intellectual and developmental disabilities, empowering them to live with dignity as fully included members of their community. Libenu partners with families, enabling them to create the life they want for their loved ones, resulting in decreased stress and an increased sense of security for the future. Libenu fulfills its mission by providing life-changing, robust respite services infused with traditional values for families; warm, welcoming person-centered kosher homes for adults; inclusive social and recreational opportunity; partnerships for day programming and vocational training; and leadership in community education and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,079,485$2,029,777▼ $49,708
Cash and Non-Interest-Bearing Accounts$1,553,768$1,983,278▲ $429,510
Accounts Receivable-$52,428-
Investments in Publicly Traded Securities$4,404$7,337▲ $2,933
Prepaid Expenses and Deferred Charges-$239-
Total Assets$3,637,657$4,230,227▲ $592,570
Other Assets Total-$157,168-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,008,587$974,688▼ $33,899
Other Liabilities$3$157,407▲ $157,404
Accounts Payable and Accrued Expenses$3,433$23,257▲ $19,824
Total Liabilities$1,012,023$1,155,352▲ $143,329
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,585,634$3,074,875▲ $489,241
Net Assets With Donor Restrictions$40,000--
Total Net Assets Fund Balance$2,625,634$3,074,875▲ $449,241
Total Liabilities and Net Assets / Fund Balance$3,637,657$4,230,227▲ $592,570

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,725,116$411,490$2,136,606
Land$304,661-$304,661
Equipment-$48,267$48,267
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shana ErenbergCEOFT$165,345$165,345

Board Members and Trustees

NameTitle
Sharyl RossPresident
Nesanel DavisDevelopment
Gary AshmanLegal
Chasi DavisLev Chicago
Julie ThomasMarketing
Alexander BrownNonprofit Ma
Scott GottliebParent Liais
Mitch DayanReal Estate
Debra HartmanTrasurer
Dr Rich AronoffVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,471,091
Program Service Revenue
$136,687
Investment Income
$1,495
Other Revenue
$0
All Other Contributions
$1,471,091
Change in Net Assets
$453,692

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,609,273
Total Revenue per Audited Statements
$1,609,273
Total Revenue per Form 990
$1,609,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$619,252
Salaries, Compensation, and Employee Benefits$536,329
Total Fundraising Expense$115,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$351,027$58,455$101,690$511,172
Depreciation Depletion$58,406--$58,406
Occupancy$53,492$167$279$53,938
Interest$41,731--$41,731
All Other Expenses$37,926$1,338$2,229$41,493
Other Expenses$25,786$1,612$2,687$25,786
Payroll Taxes$24,216$-5,871$6,812$25,157
Insurance$16,657$175$292$17,124
Information Technology$8,169$50$83$8,302
Office Expenses$5,994$110$184$6,288
Conferences and Meetings$1,036--$1,036
Travel$331$8$14$353
Total Functional Expenses$983,891$56,560$115,130$1,155,581

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,155,581
Total Expenses per Audited Statements$1,155,581
Total Expenses per Form 990$1,155,581
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
Operating Lease Liability - Current$133,547
Operating Lease Liab - Non-current$23,860
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Nathan davis chasida davis brother and sister in-law

Form 990, Page 6, Part VI, Line 11B

Form 990 is emailed to the board of directors and discussed at a subsequent meeting prior to filing.

Form 990, Page 6, Part VI, Line 12C

All officers, employees, and board members must annually submit a conflict of interest disclosure form, which is reviewed by the board of directors. Any potential conflict arising during the year must also be disclosed to the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Libenu
EIN
27-2149745
Phone
8472130514
Address
8052 N MONTICELLO 203, SKOKIE, IL 60076

Signing Officer

Name
Shana Erenberg
Title
CEO
Phone
8472130514
Signed
2023-10-18

Organization Details

Principal Officer
Sharyl Ross
Formed
2010
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
8

Preparer

Firm
Wayne B Greenberg CPA
Address
721 HARRIS AVE, STATEN ISLAND, NY 10314
Preparer
Wayne Greenberg
Phone
2124004826
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Libenu's mission is to provide a lifetime of care and support for children, teens, and adults with intellectual and developmental disabilities, empowering them to live with dignity as fully included members of their community. Libenu partners with families, enabling them to create the life they want for their loved ones, resulting in decreased stress and an increased sense of security for the future. Libenu fulfills its mission by providing life-changing, robust respite services infused with traditional values for families; warm, welcoming person-centered kosher homes for adults; inclusive social and recreational opportunity; partnerships for day programming and vocational training; and leadership in community education and advocacy.

Form 990, Page 12, Part XII, Line 1

The basis of accounting was changed from a modified cash basis to the accrual basis to be more compliant with gaap.

Financial Statement Notes

Schedule D, Page 3, Part X

Asc 740 the financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. As of december 31, 2022 libenu had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/MissionDesc0LIBENU'S MISSION IS TO PROVIDE A LIFETIME OF CARE AND SUPPORT FOR CHILDREN, TEENS, AND ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, EMPOWERING THEM TO LIVE WITH DIGNITY AS FULLY INCLUDED MEMBERS OF THEIR COMMUNITY. LIBENU PARTNERS WITH FAMILIES, ENABLING THEM TO CREATE THE LIFE THEY WANT FOR THEIR LOVED ONES, RESULTING IN DECREASED STRESS AND AN INCREASED SENSE OF SECURITY FOR THE FUTURE. LIBENU FULFILLS ITS MISSION BY PROVIDING LIFE-CHANGING, ROBUST RESPITE SERVICES INFUSED WITH TRADITIONAL VALUES FOR FAMILIES; WARM, WELCOMING PERSON-CENTERED KOSHER HOMES FOR ADULTS; INCLUSIVE SOCIAL AND RECREATIONAL OPPORTUNITY; PARTNERSHIPS FOR DAY PROGRAMMING AND VOCATIONAL TRAINING; AND LEADERSHIP IN COMMUNITY EDUCATION AND ADVOCACY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE LEV CHICAGO RESPITE PROGRAM - PROVIDES DESPERATELY NEEDED ASSISTANCE TO FAMILIES BY OFFERING PROFESSIONAL, DEPENDABLE, WELL STRUCTURED RESPITE SERVICES IN A WARM, NURTURING ENVIRONMENT. PARTICIPANTS ENJOY A VARIETY OF SOCIAL AND RECREATIONAL ACTIVITIES CENTERED AROUND HOLIDAYS AND TRADITIONS, AS WELL AS A DELICIOUS, HEALTHY KOSHER DINNER. A HIGH STAFF TO CLIENT RATIO ENSURES THAT EVERYONE'S NEEDS ARE PROPERLY ADDRESSED AND THAT LIBENU'S "GOLD STANDARD OF CARE" IS MAINTAINED.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY EDUCATION - EDUCATIONAL PROGRAMS FOR COMMUNITY MEMBERS ON DISABILITY RELATED TOPICS, INCLUDING: PLANNING FOR TRANSITIONS (POST HIGH SCHOOL STUDENTS); UNDERSTANDING YOUR BENEFITS; NAVIGATING THE SYSTEM.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY - CURRENT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2022 LIBENU HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LIBENU'S MISSION IS TO PROVIDE A LIFETIME OF CARE AND SUPPORT FOR CHILDREN, TEENS, AND ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, EMPOWERING THEM TO LIVE WITH DIGNITY AS FULLY INCLUDED MEMBERS OF THEIR COMMUNITY. LIBENU PARTNERS WITH FAMILIES, ENABLING THEM TO CREATE THE LIFE THEY WANT FOR THEIR LOVED ONES, RESULTING IN DECREASED STRESS AND AN INCREASED SENSE OF SECURITY FOR THE FUTURE. LIBENU FULFILLS ITS MISSION BY PROVIDING LIFE-CHANGING, ROBUST RESPITE SERVICES INFUSED WITH TRADITIONAL VALUES FOR FAMILIES; WARM, WELCOMING PERSON-CENTERED KOSHER HOMES FOR ADULTS; INCLUSIVE SOCIAL AND RECREATIONAL OPPORTUNITY; PARTNERSHIPS FOR DAY PROGRAMMING AND VOCATIONAL TRAINING; AND LEADERSHIP IN COMMUNITY EDUCATION AND ADVOCACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NATHAN DAVIS CHASIDA DAVIS BROTHER AND SISTER IN-LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS EMAILED TO THE BOARD OF DIRECTORS AND DISCUSSED AT A SUBSEQUENT MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL OFFICERS, EMPLOYEES, AND BOARD MEMBERS MUST ANNUALLY SUBMIT A CONFLICT OF INTEREST DISCLOSURE FORM, WHICH IS REVIEWED BY THE BOARD OF DIRECTORS. ANY POTENTIAL CONFLICT ARISING DURING THE YEAR MUST ALSO BE DISCLOSED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BASIS OF ACCOUNTING WAS CHANGED FROM A MODIFIED CASH BASIS TO THE ACCRUAL BASIS TO BE MORE COMPLIANT WITH GAAP.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 1
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