Civic Intelligence

Ida Crown Jewish Academy Endowment Foundation

990 • Fiscal year 2015 • EIN 36-4421008

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

30 South Wells 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

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

96th percentile

94%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

100th percentile

3375%

Faster revenue growth than 100% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$5,009,543

Up $2,430,412 (+94%) from 2014

Net Assets

Up

$5,009,543

Up $2,430,412 (+94%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$2,619,491

Up $2,544,115 (+3375%) from 2014

Expenses

Up

$97,145

Up $20,045 (+26%) from 2014

Net Income

Up

$2,522,346

Up $2,524,070 (+146408%) from 2014

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 2012: $1,053,440Liabilities 2012: $0Net Assets 2012: $1,053,4402012Assets 2013: $1,500,154Liabilities 2013: $0Net Assets 2013: $1,500,1542013Assets 2014: $2,579,131Liabilities 2014: $0Net Assets 2014: $2,579,1312014Assets 2015: $5,009,543Liabilities 2015: $0Net Assets 2015: $5,009,5432015Assets 2016: $4,707,899Liabilities 2016: $0Net Assets 2016: $4,707,8992016Assets 2017: $4,899,246Liabilities 2017: $0Net Assets 2017: $4,899,2462017Assets 2018: $5,189,272Liabilities 2018: $0Net Assets 2018: $5,189,2722018Assets 2019: $5,147,117Liabilities 2019: $0Net Assets 2019: $5,147,1172019Assets 2020: $4,986,433Liabilities 2020: $0Net Assets 2020: $4,986,4332020Assets 2021: $6,381,643Liabilities 2021: $0Net Assets 2021: $6,381,6432021Assets 2022: $5,795,613Liabilities 2022: $0Net Assets 2022: $5,795,6132022Assets 2023: $6,173,257Liabilities 2023: $0Net Assets 2023: $6,173,2572023Assets 2024: $6,865,111Liabilities 2024: $0Net Assets 2024: $6,865,1112024Assets 2025: $7,059,313Liabilities 2025: $40,000Net Assets 2025: $7,019,3132025

Highlighted filing

2015

Assets$5,009,543
Liabilities$0
Net Assets$5,009,543

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $48,1002012Expenses 2013: $24,3052013Revenue 2014: $75,376Expenses 2014: $77,100Net Income 2014: -$1,7242014Revenue 2015: $2,619,491Expenses 2015: $97,145Net Income 2015: $2,522,3462015Revenue 2016: $70,137Expenses 2016: $233,828Net Income 2016: -$163,6912016Revenue 2017: $207,154Expenses 2017: $293,784Net Income 2017: -$86,6302017Revenue 2018: $678,434Expenses 2018: $299,023Net Income 2018: $379,4112018Revenue 2019: $345,274Expenses 2019: $357,340Net Income 2019: -$12,0662019Revenue 2020: $278,051Expenses 2020: $394,017Net Income 2020: -$115,9662020Revenue 2021: $797,937Expenses 2021: $334,721Net Income 2021: $463,2162021Revenue 2022: $709,840Expenses 2022: $372,212Net Income 2022: $337,6282022Revenue 2023: $369,295Expenses 2023: $350,393Net Income 2023: $18,9022023Revenue 2024: $327,326Expenses 2024: $357,783Net Income 2024: -$30,4572024Revenue 2025: $946,702Expenses 2025: $412,788Net Income 2025: $533,9142025

Highlighted filing

2015

Revenue$2,619,491
Expenses$97,145
Net Income$2,522,346
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 1, 2016
Return Version
2014v6.0
Gross Receipts
$2,637,911
Mission and Program Overview

Mission

The foundation was established exclusively for the benefit of and to carry out the purposes of the ida crown jewish academy, a not-for-profit organization.

The Foundation was established exclusively for the benefit and to carry out the purposes of the Ida Crown Jewish Academy, a not-for-profit organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,364,156$3,026,858▲ $1,662,702
Total Assets$2,579,131$5,009,543▲ $2,430,412
Other Assets Total$1,214,975$1,982,685▲ $767,710
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,588,781$2,317,637▲ $728,856
Unrestricted Net Assets$280,350$1,948,906▲ $1,668,556
Permanently Rstr Net Assets$710,000$743,000▲ $33,000
Total Net Assets Fund Balance$2,579,131$5,009,543▲ $2,430,412
Total Liabilities and Net Assets / Fund Balance$2,579,131$5,009,543▲ $2,430,412

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$124,350--
Other Securities$3,026,858--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,579,131$2,517,861▲ $9,696-$5,009,543
2013$1,500,154$960,715▲ $195,362-$2,579,131
2012$1,053,440$378,912▲ $92,107-$1,500,154
2011$951,043$148,120▲ $2,377-$1,053,440
2010$691,651$194,090▲ $115,002-$951,043
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lawrence FriedmanPresident
Gary ElkinsVice-President
Aron RoutmanDirector
Dr Jeff KopinDirector
Dr Marc RubensteinDirector
Nathan H LichtensteinDirector
Rabbi Mordechai RaizmanDirector
David S RosenAssistant Secretary
Deborah SilvermanAssistant Secretary
James A PinkstonAssistant Treasurer
Michael TarnoffAssistant Treasurer
Peter ChiswickAssistant Treasurer
Ronnie MaslianskySecretary
Jacques GliksbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,517,861
Program Service Revenue
$0
Investment Income
$100,963
Other Revenue
$667
All Other Contributions
$2,517,861
Change in Net Assets
$2,522,346

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,619,491
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-91,934
Total Revenue per Audited Statements
$2,527,557
Total Revenue per Form 990
$2,619,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$84,300
Other Expenses$12,845
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$84,300--$84,300
Other Expenses-$12,845-$12,845
Total Functional Expenses$84,300$12,845$0$97,145

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$97,145
Total Expenses per Audited Statements$97,145
Total Expenses per Form 990$97,145
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ida Crown Jewish AcademyChicago, IL501(c)(3)General Operating Support$84,300
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The Members of the Foundation are the Ida Crown Jewish Academy Day School (the Day School), the Jewish Federation of Metropolitan Chicago (the Federation), and Associated Talmud Torahs (ATT).

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

The Members shall appoint the Board of Directors. The board of directors shall have nine directors divided into three classes: The Day School directors, of which there shall be five; Federation directors, of which there shall be two; and ATT directors, of which there shall be two.

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

An annual meeting of Members shall be held each year on a date determined annually by the Board of Directors. At each such annual meeting the Members shall appoint a Board of Directors as provided in the by-laws and transact such other business as may come before the meeting.

Form 990, Part VI, Section B, line 11

The Controller of a related entity of the Jewish Federation of Metropolitan Chicago reviewed the Form 990 prior to filing. A copy of the Form 990 was provided to the Board of Directors and Officers of the organization before it was filed.

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

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

Filing and Contact Details

Filer

Filer Name
Ida Crown Endowment Foundation
EIN
36-4421008
Phone
3123574790
Address
30 South Wells No 4049, Chicago, IL 60606

Signing Officer

Name
James A Pinkston
Title
Assistant Treasurer
Phone
3123574790
Signed
2016-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence Friedman
Formed
2000
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
14

Preparer

Firm
Rsm US Llp
Address
1 S WACKER DRIVE STE 800, CHICAGO, IL 60606
Preparer
Marek Rozowicz
Phone
3126343400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in Remainder Interest in Charitable Gift Annuities -12,150.

Financial Statement Notes

Part V, Line 4:

To support the educational programs of the academy.

Part X, Line 2:

The accounting standard 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. Examples of tax positions include the tax-exempt status of the Foundation and various positions related to the potential sources of unrelated business taxable income (UBTI). 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. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2015, there were no unrecognized tax benefits identified or recorded as liabilities. The Foundation files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. With few exceptions, the Foundation is no longer subject to examination by the Internal Revenue Service for years before 2012.

Part XI, Line 2D - Other Adjustments:

Change in Remainder Interest in Charitable Gift Annuities -12,150.

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IRS990/MissionDesc0The Foundation was established exclusively for the benefit and to carry out the purposes of the Ida Crown Jewish Academy, a not-for-profit organization.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02579131
IRS990/NetAssetsOrFundBalancesEOYAmt05009543
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt078725
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt078725
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-79784
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01214975
IRS990/OtherAssetsTotalGrp/EOYAmt01982685
IRS990/OtherChangesInNetAssetsAmt0-12150
IRS990/OtherExpensesGrp/Desc0Administrative Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012845
IRS990/OtherExpensesGrp/TotalAmt012845
IRS990/OtherRevenueTotalAmt0667
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0710000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0743000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Lawrence Friedman
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt077100
IRS990/PYInvestmentIncomeAmt025275
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt0101
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1724
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt077100
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt075376
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02522346
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0362167009
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt084300
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Ida Crown Jewish Academy
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt084300
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.38900
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt012845
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02579131
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02517861
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05009543
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt084300
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt09696
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01500154
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0960715
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02579131
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt077100
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0195362
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt01305
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01053440
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0378912
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01500154
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt023000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt092107
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0951043
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0148120
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01053440
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt048100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02377
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0691651
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0194090
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0951043
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt049700
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0115002
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt097145
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-79784
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01858335
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1124350
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Jewish Federation of Metropolitan Chicago
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Remainder Interest in Charitable Gift Annuities
IRS990ScheduleD/OtherRevenueAmt0-12150
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03026858
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Jewish Federation of Metropolitan Chicago Pooled Investment Fund
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.14830
IRS990ScheduleD/RevenueNotReportedAmt0-91934
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02619491
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0To support the educational programs of the academy.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The accounting standard 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. Examples of tax positions include the tax-exempt status of the Foundation and various positions related to the potential sources of unrelated business taxable income (UBTI). 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. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. At June 30, 2015, there were no unrecognized tax benefits identified or recorded as liabilities. The Foundation files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. With few exceptions, the Foundation is no longer subject to examination by the Internal Revenue Service for years before 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Change in Remainder Interest in Charitable Gift Annuities -12,150.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.46270
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01982685
IRS990ScheduleD/TotalBookValueSecuritiesAmt03026858
IRS990ScheduleD/TotalExpensesPerForm990Amt097145
IRS990ScheduleD/TotalRevenuePerForm990Amt02619491
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02527557
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt097145
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt084300
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Operating Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Ida Crown Jewish Academy
IRS990ScheduleI/RecipientTable/RecipientEIN0362167009
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02828 W Pratt Boulevard
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chicago
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060645
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0All grants made by the Foundation can only be made to or for the benefit of the Ida Crown Jewish Academy.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Members of the Foundation are the Ida Crown Jewish Academy Day School (the Day School), the Jewish Federation of Metropolitan Chicago (the Federation), and Associated Talmud Torahs (ATT).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Members shall appoint the Board of Directors. The board of directors shall have nine directors divided into three classes: The Day School directors, of which there shall be five; Federation directors, of which there shall be two; and ATT directors, of which there shall be two.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2An annual meeting of Members shall be held each year on a date determined annually by the Board of Directors. At each such annual meeting the Members shall appoint a Board of Directors as provided in the by-laws and transact such other business as may come before the meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Controller of a related entity of the Jewish Federation of Metropolitan Chicago reviewed the Form 990 prior to filing. A copy of the Form 990 was provided to the Board of Directors and Officers of the organization before it was filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A 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/ExplanationTxt5The governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Change in Remainder Interest in Charitable Gift Annuities -12,150.
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 A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.06$0.04$7.02$0.95$0.41$0.53
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.87$0.00$6.87$0.33$0.36$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.17$0.00$6.17$0.37$0.35$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.80$0.00$5.80$0.71$0.37$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.38$0.00$6.38$0.80$0.33$0.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.00$4.99$0.28$0.39$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.15$0.00$5.15$0.35$0.36$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.19$0.00$5.19$0.68$0.30$0.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$0.00$4.90$0.21$0.29$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.71$0.00$4.71$0.07$0.23$0.16
2015Detailed filing. Detailed filing data is available for this year.$5.01$0.00$5.01$2.62$0.10$2.52
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$0.08$0.08$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.00$1.50$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$0.05