Civic Intelligence

Lawrence E and Nancy S Glick Foundation

990 • Fiscal year 2012 • EIN 36-3662985

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

69th percentile

0.45x

Higher debt load relative to assets than 69% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets69th percentile

Assets

$5,723,657

No earlier filing loaded for comparison.

Net Assets

$3,143,907

No earlier filing loaded for comparison.

Liabilities

$2,579,750

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$504,750

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2012: $5,723,657Liabilities 2012: $2,579,750Net Assets 2012: $3,143,9072012Assets 2013: $5,647,472Liabilities 2013: $2,357,073Net Assets 2013: $3,290,3992013Assets 2014: $5,773,844Liabilities 2014: $2,254,446Net Assets 2014: $3,519,3982014Assets 2015: $5,086,414Liabilities 2015: $1,591,269Net Assets 2015: $3,495,1452015Assets 2016: $4,250,629Liabilities 2016: $1,483,722Net Assets 2016: $2,766,9072016Assets 2017: $3,937,819Liabilities 2017: $1,876,175Net Assets 2017: $2,061,6442017Assets 2018: $3,761,343Liabilities 2018: $1,244,366Net Assets 2018: $2,516,9772018Assets 2019: $3,157,061Liabilities 2019: $1,210,611Net Assets 2019: $1,946,4502019Assets 2020: $2,606,505Liabilities 2020: $852,834Net Assets 2020: $1,753,6712020Assets 2021: $2,816,438Liabilities 2021: $870,050Net Assets 2021: $1,946,3882021Assets 2022: $2,342,005Liabilities 2022: $765,075Net Assets 2022: $1,576,9302022Assets 2023: $2,252,317Liabilities 2023: $655,125Net Assets 2023: $1,597,1922023Assets 2024: $2,190,414Liabilities 2024: $611,160Net Assets 2024: $1,579,2542024

Highlighted filing

2012

Assets$5,723,657
Liabilities$2,579,750
Net Assets$3,143,907
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $504,7502012Expenses 2013: $514,8502013Revenue 2014: $125,364Expenses 2014: $643,010Net Income 2014: -$517,6462014Revenue 2015: $261,234Expenses 2015: $72,278Net Income 2015: $188,9562015Revenue 2016: $79,344Expenses 2016: $577,849Net Income 2016: -$498,5052016Revenue 2017: $103,450Expenses 2017: $1,070,832Net Income 2017: -$967,3822017Revenue 2018: $524,429Expenses 2018: $17,835Net Income 2018: $506,5942018Revenue 2019: $152,998Expenses 2019: $667,708Net Income 2019: -$514,7102019Revenue 2020: $149,876Expenses 2020: $340,742Net Income 2020: -$190,8662020Revenue 2021: $141,361Expenses 2021: $391,545Net Income 2021: -$250,1842021Revenue 2022: $189,015Expenses 2022: $181,090Net Income 2022: $7,9252022Revenue 2023: $53,445Expenses 2023: $168,907Net Income 2023: -$115,4622023Revenue 2024: -$26,297Expenses 2024: $244,268Net Income 2024: -$270,5652024

Highlighted filing

2012

Revenue-
Expenses$504,750
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
$213,083
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 functions, or as authorized in the charter of the Jewish Federation of Metropolitan Chicago.

Filing and Contact Details

Filer

EIN
36-3662985
Raw XML AppendixShowing 400 of 427 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/Explanation0Lawrence E. & Nancy S. Glick 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/OtherLiabilities/Description0Due to Jewish Federation of Metropolitan Chicago
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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: 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.:
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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. David 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.
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IRS990ScheduleO/GeneralExplanation/Explanation0Lawrence E. Glick, Nancy S. Glick, Jonathan Glick and Andrew Glick have a family relationship.
IRS990ScheduleO/GeneralExplanation/Explanation1Steven Nasatir and Michael Tarnoff have a business relationship.
IRS990ScheduleO/GeneralExplanation/Explanation2The 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/Explanation3The Board of Directors consists of 5 total persons, 2 of whom are elected by the donor member and 3 of whom are elected by the publicly supported organization member pursuant to its established procedures.
IRS990ScheduleO/GeneralExplanation/Explanation4A board member or officer appointed by the Jewish Federation of Metropolitan Chicago reviewed the Form 990 prior to filing.
IRS990ScheduleO/GeneralExplanation/Explanation5A 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/Explanation6Upon request.
IRS990ScheduleO/GeneralExplanation/Explanation7Net unrealized losses on investments: -208,717.
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 2
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part XI, line 5:
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IRS990/StatesWhereCopyOfReturnIsFiled0IL
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1030 S Wells Suite 4049
IRS990/TheBooksAreInCareOf/AddressUS/City0Chicago
IRS990/TheBooksAreInCareOf/AddressUS/State0IL
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode060606
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10Peter Chiswick
IRS990/TheBooksAreInCareOf/TelephoneNumber03124442814
IRS990/TotalAssets/BOY06462541
IRS990/TotalAssetsBOY06462541
IRS990/TotalAssets/EOY05723657
IRS990/TotalAssetsEOY05723657
IRS990/TotalCompGT150K01
IRS990/TotalExpensesCurrentYear0504750
IRS990/TotalExpensesPriorYear0506270
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral04750
IRS990/TotalFunctionalExpenses/ProgramServices0500000
IRS990/TotalFunctionalExpenses/Total0504750
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY02818250
IRS990/TotalLiabilitiesBOY02818250
IRS990/TotalLiabilities/EOY02579750
IRS990/TotalLiabilitiesEOY02579750
IRS990/TotalLiabNetAssetsFundBalances/BOY06462541
IRS990/TotalLiabNetAssetsFundBalances/EOY05723657
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers06
IRS990/TotalNetAssetsFundBalances/BOY03644291
IRS990/TotalNetAssetsFundBalances/EOY03143907
IRS990/TotalOtherCompensation0150601
IRS990/TotalOtherRevenue012
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0500000
IRS990/TotalReportableCompFrmRltdOrgs0509016
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0213083
IRS990/TotalRevenue/ExclusionAmount0213083
IRS990/TotalRevenuePriorYear0321113
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn0213083
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0N/A
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01989

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
$5,723,657
Liabilities
$2,579,750
Net assets
$3,143,907
Revenue
-
Expenses
$504,750
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.19$0.61$1.58$0.03$0.24$0.27
2023Detailed filing. Detailed filing data is available for this year.$2.25$0.66$1.60$0.05$0.17$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.77$1.58$0.19$0.18$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.82$0.87$1.95$0.14$0.39$0.25
2020Detailed filing. Detailed filing data is available for this year.$2.61$0.85$1.75$0.15$0.34$0.19
2019Detailed filing. Detailed filing data is available for this year.$3.16$1.21$1.95$0.15$0.67$0.51
2018Detailed filing. Detailed filing data is available for this year.$3.76$1.24$2.52$0.52$0.02$0.51
2017Detailed filing. Detailed filing data is available for this year.$3.94$1.88$2.06$0.10$1.07$0.97
2016Detailed filing. Detailed filing data is available for this year.$4.25$1.48$2.77$0.08$0.58$0.50
2015Detailed filing. Detailed filing data is available for this year.$5.09$1.59$3.50$0.26$0.07$0.19
2014Detailed filing. Detailed filing data is available for this year.$5.77$2.25$3.52$0.13$0.64$0.52
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$2.36$3.29$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$2.58$3.14$0.50