Civic Intelligence

Richard Schoenstadt Memorial Foundation

EIN 46-3513229 • 501(c)3 • Highland Park, IL

Profile

The richard schoenstadt memorial foundation, inc. Was formed to honor the memory and spirit of richard schoenstadt, a prominent chicago attorney who passed away in 2012. The foundation raises funds from a variety of sources, including individuals, businesses, and private foundations. The foundation solicits contributions directly and also conducts fund raising events. The foundation uses those funds to make grants to public charities described in sections 501(c)(3) and 509(a)(1) or (a)(2) of the internal revenue code. All such grants serve exclusively charitable purposes. Grant recipients are selected based on size and purpose of the grants, the impact of the programs or activities they support, the communities served, and public benefits derived.

CO Putterman 187 Sheridan RdHighland Park, IL 60035

www.richardsfund.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

24%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$45,102

Up $6,314 (+16%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$45,102

Up $6,314 (+16%) from 2023

Revenue

Up

$48,481

Up $9,295 (+24%) from 2023

Expenses

Down

$42,167

Down $1,073 (-2.5%) from 2023

Net Income

Up

$6,314

Up $10,368 (+256%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2015: $3,072Liabilities 2015: $0Net Assets 2015: $3,0722015Assets 2016: $5,857Liabilities 2016: $0Net Assets 2016: $5,8572016Assets 2017: $4,919Liabilities 2017: $0Net Assets 2017: $4,9192017Assets 2018: $19,773Liabilities 2018: $0Net Assets 2018: $19,7732018Assets 2019: $29,205Liabilities 2019: $0Net Assets 2019: $29,2052019Assets 2020: $32,623Liabilities 2020: $0Net Assets 2020: $32,6232020Assets 2021: $31,376Liabilities 2021: $0Net Assets 2021: $31,3762021Assets 2022: $42,842Liabilities 2022: $0Net Assets 2022: $42,8422022Assets 2023: $38,788Liabilities 2023: $0Net Assets 2023: $38,7882023Assets 2024: $45,102Liabilities 2024: $0Net Assets 2024: $45,1022024

Highlighted filing

2024

Assets$45,102
Liabilities$0
Net Assets$45,102

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2015: $27,317Expenses 2015: $25,084Net Income 2015: $2,2332015Revenue 2016: $23,238Expenses 2016: $20,453Net Income 2016: $2,7852016Revenue 2017: $21,737Expenses 2017: $22,675Net Income 2017: -$9382017Revenue 2018: $32,358Expenses 2018: $17,504Net Income 2018: $14,8542018Revenue 2019: $32,262Expenses 2019: $22,830Net Income 2019: $9,4322019Revenue 2020: $48,019Expenses 2020: $44,601Net Income 2020: $3,4182020Revenue 2021: $44,163Expenses 2021: $45,410Net Income 2021: -$1,2472021Revenue 2022: $49,417Expenses 2022: $37,951Net Income 2022: $11,4662022Revenue 2023: $39,186Expenses 2023: $43,240Net Income 2023: -$4,0542023Revenue 2024: $48,481Expenses 2024: $42,167Net Income 2024: $6,3142024

Highlighted filing

2024

Revenue$48,481
Expenses$42,167
Net Income$6,314

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.1
Gross Receipts
$48,481
Mission and Program Overview

Mission

The richard schoenstadt memorial foundation, inc. Was formed to honor the memory and spirit of richard schoenstadt, a prominent chicago attorney who passed away in 2012. The foundation raises funds from a variety of sources, including individuals, businesses, and private foundations. The foundation solicits contributions directly and also conducts fund raising events. The foundation uses those funds to make grants to public charities described in sections 501(c)(3) and 509(a)(1) or (a)(2) of the internal revenue code. All such grants serve exclusively charitable purposes. Grant recipients are selected based on size and purpose of the grants, the impact of the programs or activities they support, the communities served, and public benefits derived.

Program Services

DescriptionGrantsExpenses
RICHARD SCHOENSTADT MEMORIAL FOUNDATION, INC. HELD A VIRTUAL FUND RAISING EVENT FROM AUGUST 10-18, 2024 WHICH RAISED SUFFICIENT FUNDS TO DONATE $40,000 TO DONEE LISTED IN SCHEUDLE O.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROSS PUTTERMANPresident, Director, CEO,-$0--
MATTHEW GROSSBERGVice-Chairman, Secretary,-$0--
CARYN PUTTERMANCFO-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Eleventh Annual Fundraising Event$43,360$43,360$0$43,360
Total Events$43,360$43,360-$43,360
Filing and Contact Details

Filer

Filer Name
Richard Schoenstadt Memorial Foundation
EIN
46-3513229
Phone
2126972299
Address
CO PUTTERMAN 187 SHERIDAN RD, HIGHLAND PARK, IL 60035

Signing Officer

Name
Ross Putterman
Title
President
Phone
2126972299
Signed
2025-05-06
Discuss with paid preparer
Yes

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Junhwa Chang
Phone
2126972299
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: to offer aid to the the sheba medical center for humanitarian efforts.. Grantee name: american friends of sheba medical center. Grantee address: 6505 wilshire blvd, suite 615 los angeles, ca 90048. Property description: cash. Date of gift: 12/17/24. Amount given: 40,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: filing fees. Amount: 755. Description: bank fees. Amount: 25. Total to form 990-ez, line 16: 780.

Raw XML Appendix148 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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IRS990EZ/BooksInCareOfDetail/PhoneNum02126972299
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HIGHLAND PARK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT, DIRECTOR, CEO,
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-CHAIRMAN, SECRETARY,
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CFO
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0780
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE RICHARD SCHOENSTADT MEMORIAL FOUNDATION, INC. WAS FORMED TO HONOR THE MEMORY AND SPIRIT OF RICHARD SCHOENSTADT, A PROMINENT CHICAGO ATTORNEY WHO PASSED AWAY IN 2012. THE FOUNDATION RAISES FUNDS FROM A VARIETY OF SOURCES, INCLUDING INDIVIDUALS, BUSINESSES, AND PRIVATE FOUNDATIONS. THE FOUNDATION SOLICITS CONTRIBUTIONS DIRECTLY AND ALSO CONDUCTS FUND RAISING EVENTS. THE FOUNDATION USES THOSE FUNDS TO MAKE GRANTS TO PUBLIC CHARITIES DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(1) OR (A)(2) OF THE INTERNAL REVENUE CODE. ALL SUCH GRANTS SERVE EXCLUSIVELY CHARITABLE PURPOSES. GRANT RECIPIENTS ARE SELECTED BASED ON SIZE AND PURPOSE OF THE GRANTS, THE IMPACT OF THE PROGRAMS OR ACTIVITIES THEY SUPPORT, THE COMMUNITIES SERVED, AND PUBLIC BENEFITS DERIVED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RICHARD SCHOENSTADT MEMORIAL FOUNDATION, INC. HELD A VIRTUAL FUND RAISING EVENT FROM AUGUST 10-18, 2024 WHICH RAISED SUFFICIENT FUNDS TO DONATE $40,000 TO DONEE LISTED IN SCHEUDLE O.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/TransactionWithControlEntInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: TO OFFER AID TO THE THE SHEBA MEDICAL CENTER FOR HUMANITARIAN EFFORTS.. GRANTEE NAME: AMERICAN FRIENDS OF SHEBA MEDICAL CENTER. GRANTEE ADDRESS: 6505 WILSHIRE BLVD, SUITE 615 LOS ANGELES, CA 90048. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 12/17/24. AMOUNT GIVEN: 40,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: FILING FEES. AMOUNT: 755. DESCRIPTION: BANK FEES. AMOUNT: 25. TOTAL TO FORM 990-EZ, LINE 16: 780.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROSS PUTTERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02126972299
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RICHARD SCHOENSTADT MEMORIAL FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0RICH
ReturnHeader/Filer/EIN0463513229
ReturnHeader/Filer/PhoneNum02126972299
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO PUTTERMAN 187 SHERIDAN RD
ReturnHeader/Filer/USAddress/CityNm0HIGHLAND PARK
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum02126972299
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUNHWA CHANG
ReturnHeader/ReturnTs02025-05-14T08:05:22-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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