Civic Intelligence

The Foundation for the Educational Development of Children

EIN 36-6083633 • 501(c)3 • Chicago, IL

Profile

The foundation supports the operations of the sonia shankman orthogenic school and the hyde park day schools and manages the investments it owns for this use. Additionally, it is the owner of fedc holdings llc, a disregarded entity, which holds real estate assets of the organization.

6254 S Ellis AvenueChicago, IL 60637

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

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

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

5th percentile

0.00x

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

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

47th percentile

$252,125

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

36th percentile

1.6%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

17th percentile

-11%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets4th percentile

Assets

Down

$41,347,005

Down $3,469,263 (-7.7%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$41,347,005

Down $3,469,263 (-7.7%) from 2021

Operations
Liabilities / Revenue5th percentileNet Margin84th percentile

Revenue

Down

-$1,249,994

Down $2,200,459 (-232%) from 2021

Expenses

Up

$2,219,269

Up $904,100 (+69%) from 2021

Net Income

Down

-$3,469,263

Down $3,104,559 (-851%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2020: $42,770,791Liabilities 2020: $0Net Assets 2020: $42,770,7912020Assets 2021: $44,816,268Liabilities 2021: $0Net Assets 2021: $44,816,2682021Assets 2022: $41,347,005Liabilities 2022: $0Net Assets 2022: $41,347,0052022

Highlighted filing

2022

Assets$41,347,005
Liabilities$0
Net Assets$41,347,005
Open 2022 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2020: -$1,984,012Expenses 2020: $1,364,014Net Income 2020: -$3,348,0262020Revenue 2021: $950,465Expenses 2021: $1,315,169Net Income 2021: -$364,7042021Revenue 2022: -$1,249,994Expenses 2022: $2,219,269Net Income 2022: -$3,469,2632022

Highlighted filing

2022

Revenue-$1,249,994
Expenses$2,219,269
Net Income-$3,469,263
Open 2022 Filing

Filings

Most recent year

2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$41,347,005
Liabilities
$0
Net assets
$41,347,005
Revenue
-$1,249,994
Expenses
$2,219,269
Net income
-$3,469,263
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.3$0.00$41.3$1.25$2.22$3.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.8$0.00$44.8$0.95$1.32$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.8$0.00$42.8$1.98$1.36$3.35
Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 14, 2022
Return Version
2020v4.2
Gross Receipts
$950,465
Mission and Program Overview

Mission

The foundation supports the operations of the sonia shankman orthogenic school and the hyde park day schools and manages the investments it owns for this use. Additionally, it is the owner of fedc holdings llc, a disregarded entity, which holds real estate assets of the organization.

Supports the orthogenic school and hyde park day school though its investments and real estate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,010,395$25,215,421▼ $794,974
Investments in Publicly Traded Securities$11,938,607$16,412,671▲ $4,474,064
Savings and Temporary Cash Investments$3,799,555$2,249,613▼ $1,549,942
Cash and Non-Interest-Bearing Accounts$257,260$256,050▼ $1,210
Pledges and Grants Receivable$102,500$50,000▼ $52,500
Prepaid Expenses and Deferred Charges$2,375--
Total Assets$42,770,791$44,816,268▲ $2,045,477
Other Assets Total$660,099$632,513▼ $27,586
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,310,402$27,768,310▼ $542,092
Net Assets With Donor Restrictions$14,460,389$17,047,958▲ $2,587,569
Total Net Assets Fund Balance$42,770,791$44,816,268▲ $2,045,477
Total Liabilities and Net Assets / Fund Balance$42,770,791$44,816,268▲ $2,045,477

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,525,997$5,381,321$28,907,318
Land$1,501,413-$1,501,413
Other Land Buildings$0$455,930$455,930
Leasehold Improvements$188,011$140,401$328,412

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$11,497,490$1,887,742▲ $2,688,476-$15,673,708
2019$11,497,490---$11,497,490
2018$11,497,490---$11,497,490
2017$12,202,459--$704,969$11,497,490
2016$11,497,490-▲ $1,195,041$490,072$12,202,459
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
James SteinbackChair
Adam SteinbackVice Chair
Janet HoffmanDirector
Lenny AsaroDirector
Vic ConantDirector
Abby SimonExecutive Director/CFO
Tammy GianfortuneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$80,250
Program Service Revenue
$0
Investment Income
$870,215
Other Revenue
$0
All Other Contributions
$80,250
Change in Net Assets
$-364,704

Audited Revenue Reconciliation

Revenue per Audited Statements
$864,191
Revenue Not Reported on Financial Statements
$86,274
Revenue Not Reported on Form 990
$2,410,181
Total Revenue per Audited Statements
$3,274,372
Total Revenue per Form 990
$950,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$915,169
Grants and Similar Amounts Paid$400,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$758,962$36,012-$794,974
Grants to Domestic Orgs$400,000--$400,000
Fees for Service Investment Mgmnt Fees-$86,274-$86,274
Fees for Services Accounting-$25,000-$25,000
Insurance-$4,961-$4,961
Office Expenses-$290-$290
Other Expenses-$29-$29
Total Functional Expenses$1,158,962$156,207$0$1,315,169

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,315,169
Expenses per Audited Statements$1,228,895
Total Expenses per Audited Statements$1,228,895
Expenses Not Reported on Financial Statements$86,274
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Leslie Shankman School CorporationChicago, IL501(c)(3)Operations$400,000
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“James steinback, director, and adam steinback, director, have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“The federal form 990 is sent to the finance/audit/tax committee of the board for review and approval. After the federal form 990 is finalized by the committee, it is distributed to the remainder of the board before filing.”

Form 990, Part VI, Section B, Line 12C

“Answers to a questionnaire are reviewed. A board member with a conflict would have to recuse him/herself from any decisions related to the conflict.”

Form 990, Part VI, Section C, Line 19

“Disclosures of governing documents, policies, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Foundation for the Educational
EIN
36-6083633
Phone
7734202883
Address
6254 S ELLIS AVENUE, CHICAGO, IL 60637

Signing Officer

Name
Abby Simon
Title
Executive Director/CFO
Phone
7734202883
Signed
2022-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Steinback
Formed
1944
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Marcum Llp
Address
9 PARKWAY NORTH SUITE 200, DEERFIELD, IL 60015
Preparer
Ariana Warren
Phone
8472826300
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

“The foundation supports the operations of the sonia shankman orthogenic school at the university of chicago and the hyde park day schools.”

Financial Statement Notes

PART V, LINE 4:

“The investment income from these endowment funds is designated for the support of the operations of the corporation. Investment income is distributed from the foundation to the corporation, as needed, to fund the programs of the leslie shankman school corporation. Amounts received from the foundation are recorded by the corporation as contributions.”

PART V, LINE 4:

“The investment income from the endowment funds is designated for the support of the leslie shankman school corporation (fein 36-3900221). Investment income is distributed from the foundation to the corporation, as needed, to fund the programs of the leslie shankman school corporation.”

Raw XML AppendixShowing 400 of 508 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORTS THE ORTHOGENIC SCHOOL AND HYDE PARK DAY SCHOOL THOUGH ITS INVESTMENTS AND REAL ESTATE.
IRS990/AllOtherContributionsAmt080250
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ABBY SIMON
IRS990/BooksInCareOfDetail/PhoneNum07734202883
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06254 S ELLIS AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060637
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0257260
IRS990/CashNonInterestBearingGrp/EOYAmt0256050
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt080250
IRS990/CYGrantsAndSimilarPaidAmt0400000
IRS990/CYInvestmentIncomeAmt0870215
IRS990/CYOtherExpensesAmt0915169
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-364704
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01315169
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0950465
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt036012
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0758962
IRS990/DepreciationDepletionGrp/TotalAmt0794974
IRS990/Desc0THE FOUNDATION SUPPORTS THE OPERATIONS OF THE SONIA SHANKMAN ORTHOGENIC SCHOOL, BROOKE WHITTED CENTER (CLOSED JUNE 11, 2021) AND THE HYDE PARK DAY SCHOOLS, PROVIDING FUNDING FOR SPECIAL PROJECTS, STRATEGIC INITIATIVES AND FUNDS CASH FLOW NEEDS WHEN REQUIRED.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt014460389
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt017047958
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0758962
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt025000
IRS990/FeesForServicesAccountingGrp/TotalAmt025000
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt086274
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt086274
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt637919
IRS990/Form990PartVIISectionAGrp/PersonNm0TAMMY GIANFORTUNE
IRS990/Form990PartVIISectionAGrp/PersonNm1ADAM STEINBACK
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES STEINBACK
IRS990/Form990PartVIISectionAGrp/PersonNm3LENNY ASARO
IRS990/Form990PartVIISectionAGrp/PersonNm4VIC CONANT
IRS990/Form990PartVIISectionAGrp/PersonNm5JANET HOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6ABBY SIMON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6185564
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR/CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01944
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0491803
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0400000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0400000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0491803
IRS990/GrossReceiptsAmt0950465
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04961
IRS990/InsuranceGrp/TotalAmt04961
IRS990/InvestmentIncomeGrp/ExclusionAmt0378412
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0378412
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011938607
IRS990/InvestmentsPubTradedSecGrp/EOYAmt016412671
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05977652
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026010395
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025215421
IRS990/LandBldgEquipCostOrOtherBssAmt031193073
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION SUPPORTS THE OPERATIONS OF THE SONIA SHANKMAN ORTHOGENIC SCHOOL AND THE HYDE PARK DAY SCHOOLS AND MANAGES THE INVESTMENTS IT OWNS FOR THIS USE. ADDITIONALLY, IT IS THE OWNER OF FEDC HOLDINGS LLC, A DISREGARDED ENTITY, WHICH HOLDS REAL ESTATE ASSETS OF THE ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt042770791
IRS990/NetAssetsOrFundBalancesEOYAmt044816268
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0491803
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0491803
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02410181
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt028310402
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt027768310
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0290
IRS990/OfficeExpensesGrp/TotalAmt0290
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0660099
IRS990/OtherAssetsTotalGrp/EOYAmt0632513
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2OTHER FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11141
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt229
IRS990/OtherExpensesGrp/TotalAmt02500
IRS990/OtherExpensesGrp/TotalAmt11141
IRS990/OtherExpensesGrp/TotalAmt229
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0102500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt050000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02375
IRS990/PrincipalOfficerNm0JAMES STEINBACK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION SETS THE INVESTMENT POLICY AND MANAGES THE INVESTMENTS OF THE ENDOWMENT. THE GROWTH IN THESE INVESTMENTS AND SOUND INVESTMENT MANAGEMENT ALLOWS FOR MORE FUNDING FOR STRATEGIC INITIATIVES.THE FOUNDATION OWNS FEDC HOLDINGS, A DISREGARDED ENTITY, WHICH OWNS THE REAL ESTATE HOLDINGS FOR THE SCHOOLS. BOTH SCHOOLS OPERATE IN THE BUILDINGS OWNED BY FEDC HOLDINGS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0400000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0400000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0177896
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0600780
IRS990/PYInvestmentIncomeAmt0-2163272
IRS990/PYOtherExpensesAmt0763234
IRS990/PYOtherRevenueAmt01364
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-3348026
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01364014
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0-1984012
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-364704
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03799555
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02249613
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/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TAXPAYER SUPPORTS THE LESLIE SHANKMAN SCHOOL CORPORATION. THE ONLY ACTIVITIES OF THE FOUNDATION ARE SUPPORTING THE OPERATIONS OF THE SONIA SHANKMAN ORTHOGENIC SCHOOL, BROOKE WHITTED CENTER, AND THE HYDE PARK DAY SCHOOLS AND MANAGING THE INVESTMENTS IN THE ENDOWMENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION E - LINE 2A
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0363900221
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0400000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LESLIE SHANKMAN SCHOOL CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0400000
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/BuildingsGrp/BookValueAmt023525997
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05381321
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028907318
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt011497490
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01887742
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt015673708
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0400000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02688476
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt011497490
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt011497490
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt011497490
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt011497490
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012202459
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt011497490
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0704969
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt011497490
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012202459
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01195041
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0490072
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt086274
IRS990ScheduleD/ExpensesSubtotalAmt01228895
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt086274
IRS990ScheduleD/InvestmentExpensesNotIncldAmt086274
IRS990ScheduleD/LandGrp/BookValueAmt01501413
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01501413
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0188011
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0140401
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0328412
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02410181
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0455930
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0455930
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt02410181
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt086274
IRS990ScheduleD/RevenueSubtotalAmt0864191
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INVESTMENT INCOME FROM THESE ENDOWMENT FUNDS IS DESIGNATED FOR THE SUPPORT OF THE OPERATIONS OF THE CORPORATION. INVESTMENT INCOME IS DISTRIBUTED FROM THE FOUNDATION TO THE CORPORATION, AS NEEDED, TO FUND THE PROGRAMS OF THE LESLIE SHANKMAN SCHOOL CORPORATION. AMOUNTS RECEIVED FROM THE FOUNDATION ARE RECORDED BY THE CORPORATION AS CONTRIBUTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE INVESTMENT INCOME FROM THE ENDOWMENT FUNDS IS DESIGNATED FOR THE SUPPORT OF THE LESLIE SHANKMAN SCHOOL CORPORATION (FEIN 36-3900221). INVESTMENT INCOME IS DISTRIBUTED FROM THE FOUNDATION TO THE CORPORATION, AS NEEDED, TO FUND THE PROGRAMS OF THE LESLIE SHANKMAN SCHOOL CORPORATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025215421
IRS990ScheduleD/TotalExpensesPerForm990Amt01315169
IRS990ScheduleD/TotalRevenuePerForm990Amt0950465
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03274372
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01228895
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0400000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LESLIE SHANKMAN SCHOOL CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0363900221
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06254 S ELLIS AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060637
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MONITORS THE USE OF FUNDS BY REVIEWING MONTHLY FINANCIAL PACKAGES AND QUARTERLY DETAILED STATEMENTS. IT ALSO APPROVES THE BUDGETS AND ANY SPECIAL PROJECT FUNDING. AS PART OF THE QUARTERLY BOARD MEETING DOCUMENTS, DETAILED STATEMENTS OF THE VALUE OF ALL INVESTMENT AND CASH ACCOUNTS ARE PROVIDED TO THE FINANCIAL COMMITTEE AND A SUMMARY STATEMENT TO ALL BOARD MEMBERS. THE DETAILED STATEMENT LOOKS AT THE VALUES IN THESE ACCOUNTS OVER TIME.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0185564
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt015980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt021939
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ABBY SIMON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0223483
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION SUPPORTS THE OPERATIONS OF THE SONIA SHANKMAN ORTHOGENIC SCHOOL AT THE UNIVERSITY OF CHICAGO AND THE HYDE PARK DAY SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JAMES STEINBACK, DIRECTOR, AND ADAM STEINBACK, DIRECTOR, HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FEDERAL FORM 990 IS SENT TO THE FINANCE/AUDIT/TAX COMMITTEE OF THE BOARD FOR REVIEW AND APPROVAL. AFTER THE FEDERAL FORM 990 IS FINALIZED BY THE COMMITTEE, IT IS DISTRIBUTED TO THE REMAINDER OF THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANSWERS TO A QUESTIONNAIRE ARE REVIEWED. A BOARD MEMBER WITH A CONFLICT WOULD HAVE TO RECUSE HIM/HERSELF FROM ANY DECISIONS RELATED TO THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DISCLOSURES OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE FOUNDATION FOR THE EDUCATIONAL DEVELOPMENT OF CHILDREN
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0FEDC HOLDINGS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0611764694
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt025071665
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOLDING COMPANY
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-794974
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt06254 S ELLIS AVENUE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd060637
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.