Jewish Federation of Metropolitan Chicago

“Lee I. Miller, Director and Alan P. Solow, Director, have a business relationship. Max Schrayer, Director, and Deborah Schrayer Karmin, Director, have a family relationship. Paula Resnick, Director, and Devra Resnick Shutan, Ex-Officio, have a family relationship. Max Schrayer, Director, and Joshua B. Herz, Director, have a family and business relationship.”

“Any person who makes payment of a contribution in an amount of not less than $25.00 to the Jewish Federation of Metropolitan Chicago (Federation) directly or to the Jewish United Fund of Metropolitan Chicago (JUF) to be used in whole or in part for budgetary purposes of the Federation shall be a voting member of the Federation and each of its affiliated organizations for the year in respect of which such payment is made and until final adjournment of the annual meeting of the Federation held the following year.”

“At each election of Directors, a member shall have one vote for as many persons as there are Directors to be elected.”

“A copy of the Form 990 was provided to the Board Chairman and all Audit Committee members prior to filing. The Audit Committee chairman then informed the full board of directors that committee members reviewed the Form 990 and a copy was made available to all board members prior to filing with the IRS.”

“A conflict of interest questionnaire is circulated to all board members (directors), "officers" and key employees on an annual basis. This process is managed by JFMC'S Vice President of Board Operations who ensures all questionnaires are completed. The completed questionnaires are reviewed by management and any conflicts are disclosed to the board of directors. If a director does have a conflict or business relationship with JFMC, he or she is required to abstain from any votes related to that matter.”

“JFMC has a compensation committee comprised of the Board Chairman, Audit Committee Chairman, Overall Planning and Allocations (Budget) Committee Chairman and outside legal counsel. This committee uses comparable data from other large nonprofit organizations to ensure compensation for JFMC executives is consistent with the market, including but not limited to an annual Total Compensation Survey of large city Jewish Federations that is coordinated through the national Jewish Federations of North America organization and conducted each year by the Hay Group, a nationally recognized expert in the field of compensation consulting. The compensation committee approves compensation for the President of JFMC and other officers and key employees. The process is documented.”

“The organization provides a link to Guidestar on their website for an electronic copy of the Form 990.”

“The organization's governing documents, conflict of interest policy and audited financial statements are made available to all volunteer members of the Board of Directors. With regards to the general public, the organization provides these documents upon request for the same period of disclosure as set forth in IRC Section 6104(d).”

“Unrealized gain on beneficial interest in charitable trusts 2,756,467. Unrealized gain on fair value of swap arrangements 2,754,928. Noncontrolling interest in investments 20,088,535.”