Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.05x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
80th percentile
Higher net margin than 80% of similar nonprofits.
Top Officer Pay
100th percentile
Higher top officer pay than 100% of similar nonprofits.
Top officer pay equals 3099.6% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Balance Sheet
Assets
Up$428,961
Up $50,869 (+13%) from 2022
Net Assets
Up$408,435
Up $43,911 (+12%) from 2022
Liabilities
Up$20,526
Up $6,958 (+51%) from 2022
Revenue And Expenses
Revenue
Down$13,038
Down $777,487 (-98%) from 2022
Expenses
Down$9,307
Down $4,142,759 (-100%) from 2022
Net Income
Up$3,731
Up $3,365,272 (+100%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2022 to Sep 30, 2023
- Signed
- Aug 2, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $279,913
Mission and Program Overview
Mission
The PERT Foundation is organized and operated to foster, support, develop, and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $363,264 | $396,101 | ▲ $32,837 |
| Savings and Temporary Cash Investments | $5,759 | $23,791 | ▲ $18,032 |
| Cash and Non-Interest-Bearing Accounts | $9,069 | $9,069 | → $0 |
| Total Assets | $378,092 | $428,961 | ▲ $50,869 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $13,568 | $20,526 | ▲ $6,958 |
| Total Liabilities | $13,568 | $20,526 | ▲ $6,958 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $364,524 | $408,435 | ▲ $43,911 |
| Total Net Assets Fund Balance | $364,524 | $408,435 | ▲ $43,911 |
| Total Liabilities and Net Assets / Fund Balance | $378,092 | $428,961 | ▲ $50,869 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2022 | $364,524 | - | ▲ $53,218 | - | $408,435 |
| 2021 | $4,676,174 | - | ▼ $159,584 | $60 | $364,524 |
| 2020 | $8,799,428 | - | ▲ $1,532,218 | - | $4,676,174 |
| 2019 | $9,416,248 | - | ▲ $343,130 | - | $8,799,428 |
| 2018 | $10,384,659 | - | ▲ $41,603 | - | $9,416,248 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Jason Baxendale | Former President and Director |
| Andrea Saenz | President and Director |
| Elizabeth Liebman | Director |
| Thomas C Liebman | Director |
| James J Glasser | Director (until 01/23) |
| Heather Bilandic Black | VP and Director (until 01/23) |
| Jessica Strausbaugh | Treasurer and Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $13,021
- Other Revenue
- $17
- Change in Net Assets
- $3,731
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $9,307 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $2,500 | $2,500 | - | $5,000 |
| Fees for Service Investment Mgmnt Fees | - | $2,349 | - | $2,349 |
| Fees for Services Other | - | $1,958 | - | $1,958 |
| Total Functional Expenses | $2,500 | $6,807 | $0 | $9,307 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- No
- 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
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 2
“Thomas C. Liebman and Elizabeth Liebman have a familial relationship. Mrs. Jessica Strausbaugh, Mr. Jason Baxendale, and Ms. Andrea Saenz are paid employees of The Chicago Community Trust, a related tax-exempt organization. Mrs. Strausbaugh serves as Treasurer and Secretary of The PERT Foundation. Mr. Baxendale serves as the Former President and a Director of The PERT Foundation. Ms. Andrea Saenz serves as the current President and a Director of The PERT Foundation.”
Form 990, Part VI, Section A, line 6
“The Members of The PERT Foundation are divided into two classes: the initial Donor Members were Charles Liebman and Mary Liebman. Current Donor Member is Thomas Liebman. The initial Publicly Supported Organization Member is The Chicago Community Trust.”
Form 990, Part VI, Section A, line 7A
“The Member (The Chicago Community Trust) has the rights to the election and removal of directors from the Corporation (The PERT Foundation).”
Form 990, Part VI, Section A, line 7B
“Upon dissolution, The PERT Foundation's (Corporation) remaining assets would be distributed to The Chicago Community Trust (Member) for its general charitable purposes. The Member also possesses the right to elect or remove any director from office without cause.”
Form 990, Part VI, Section B, line 11B
“The Form 990 is reviewed and approved by the President of the Board before filing with the IRS. When there is a vacancy, the Treasurer and Secretary reviews and approves before filing with the IRS. The Form 990 is subsequently circulated to other board members.”
Form 990, Part VI, Section B, line 12C
“PERT is currently following the policies of the Chicago Community Trust.”
Form 990, Part VI, Section C, line 19
“A copy of 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). Currently, the organization does not have a formal conflict of interest policy, whistleblower policy, or document retention and destruction policy, but is currently following the policies of The Chicago Community Trust.”
Form 990, Part VII, Section A, Column B, Activities of the Board:
“Activities of the Board include: attending and preparing for board meetings and various other administrative matters.”
Filing and Contact Details
Filer
- Filer Name
- The PERT Foundation
- EIN
- 81-0585993
- Phone
- 3126168000
- Address
- 33 S State Street 750, Chicago, IL 60603
Signing Officer
- Name
- Andrea Saenz
- Title
- President
- Phone
- 3126168000
- Signed
- 2024-08-02
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Andrea Saenz
- Formed
- 2002
- Legal Domicile
- Il
- Voting Board Members
- 3
- Independent Board Members
- 2
- Employees
- 0
- Volunteers
- 2
Preparer
- Firm
- Rsm US Llp
- Address
- 30 South Wacker Dr Suite 3300, Chicago, IL 60606-3392
- Preparer
- Rebekuh Eley
- Phone
- 3126343400
Supplemental Narrative
Additional Explanations
Form 990, Part IX, line 11G
“Miscellaneous: Program service expenses 0. Management and general expenses 1,958. Fundraising expenses 0. Total expenses 1,958.”
Form 990, Part XII, Financial Statements and Reporting, Line 2C:
“The audit committee of the supported organization, The Chicago Community Trust, assumes responsibility for oversight of the audit, review of the financial statements, and selection of the independent accountants.”
Financial Statement Notes
Part V, Line 4:
“To provide dollars to meet the mission and goals of The PERT Foundation.”
Part X, Line 2:
“The Trust and its affiliates received tax determination letters from the Internal Revenue Service indicating that they are tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, are exempt from federal and state income taxes. Income taxes recorded in the accompanying consolidated financial statements for unrelated business income amounted to $73,112 and $2,386,499 in the years ended September 30, 2023 and 2022, respectively. Income tax receivable amounted to $1,479,988 and $3,300,000 as of September 30, 2023 and 2022, respectively. The Trust accounts for uncertain tax positions in accordance with FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (included in FASB ASC Subtopic 740-10, Income Taxes - Overall). There is no impact on the consolidated financial statements as a result of this pronouncement as the Trust has no significant uncertain tax positions.”
Raw XML AppendixShowing 400 of 518 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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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Elizabeth Liebman |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director (until 01/23) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Former President and Director |
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| IRS990/FormationYr | 0 | 2002 |
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| IRS990/GrantsToOrganizationsInd | 0 | 0 |
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| IRS990/GrossReceiptsAmt | 0 | 279913 |
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| IRS990/MissionDesc | 0 | The PERT Foundation is organized and operated to foster, support, develop, and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may determine from time to time. |
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| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
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| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | The PERT Foundation (PERT) is a supporting organization of The Chicago Community Trust (Trust) and The Chicago Community Foundation (Foundation). Other supported organizations are designated through the same charitable class or purpose as that of the Trust and Foundation. The mission of the Trust and the Foundation is to lead and inspire philanthropic efforts that measurably improve the quality of life and prosperity in the region. As of 9/30/23, the governing boards of the Trust and Foundation had 17 members and no vacancies and have the power to appoint the majority of the Governing Board of PERT. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Form 990, Schedule A, Part IV, Line 1: |
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| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 2 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 2 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 363432023 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 1 | 362167000 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 1 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 7 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 1 | 8 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 1 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 1 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | The Chicago Community Foundation |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 1 | The Chicago Community Trust |
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| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 9307 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 364524 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 408435 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 53218 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 62006 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 4676174 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 364524 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 4090000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | -159584 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 60 |
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| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 5530000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 1532218 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 94950 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 9416248 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 8799428 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 865000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 343130 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 90014 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 10384659 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 9416248 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 920000 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 41603 |
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| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 0.00000 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | To provide dollars to meet the mission and goals of The PERT Foundation. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | The Trust and its affiliates received tax determination letters from the Internal Revenue Service indicating that they are tax-exempt organizations under Section 501(c)(3) of the Internal Revenue Code and, except for taxes pertaining to unrelated business income, are exempt from federal and state income taxes. Income taxes recorded in the accompanying consolidated financial statements for unrelated business income amounted to $73,112 and $2,386,499 in the years ended September 30, 2023 and 2022, respectively. Income tax receivable amounted to $1,479,988 and $3,300,000 as of September 30, 2023 and 2022, respectively. The Trust accounts for uncertain tax positions in accordance with FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (included in FASB ASC Subtopic 740-10, Income Taxes - Overall). There is no impact on the consolidated financial statements as a result of this pronouncement as the Trust has no significant uncertain tax positions. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part V, Line 4: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part X, Line 2: |
| IRS990ScheduleD/TermEndowmentBalanceEOYPct | 0 | 0.00000 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 361416 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 1 | 305537 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 2 | 194754 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 1 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 2 | 0 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 17148 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 2 | 7607 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 9199 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 1677 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 2 | 6897 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 1076 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 1013 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 2 | 588 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Andrea Saenz |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | Jessica Strausbaugh |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | Jason Baxendale |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | President and Director |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | Treasurer and Secretary |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | Former President and Director |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 2 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 404125 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 325375 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 2 | 209846 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | Annually the board of directors of The PERT Foundation reviews the compensation of the leased staff (President) based on performance evaluation in connection with established goals and objectives and determines the reasonableness of compensation. Compensation is compared to data of similar organizations and to positions with similar responsibilities. |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 1 | Mrs. Jessica Strausbaugh, Mr. Jason Baxendale, and Ms. Andrea Saenz are paid employees of The Chicago Community Trust, a related tax-exempt organization. Mrs. Strausbaugh serves as Treasurer and Secretary of The PERT Foundation. Mr. Baxendale serves as the Former President and a Director of The PERT Foundation. Ms. Andrea Saenz serves as the current President and a Director of The PERT Foundation. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 3 |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule J, Part II, Line 1, Line 2, Line 3: |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Thomas C. Liebman and Elizabeth Liebman have a familial relationship. Mrs. Jessica Strausbaugh, Mr. Jason Baxendale, and Ms. Andrea Saenz are paid employees of The Chicago Community Trust, a related tax-exempt organization. Mrs. Strausbaugh serves as Treasurer and Secretary of The PERT Foundation. Mr. Baxendale serves as the Former President and a Director of The PERT Foundation. Ms. Andrea Saenz serves as the current President and a Director of The PERT Foundation. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The Members of The PERT Foundation are divided into two classes: the initial Donor Members were Charles Liebman and Mary Liebman. Current Donor Member is Thomas Liebman. The initial Publicly Supported Organization Member is The Chicago Community Trust. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Member (The Chicago Community Trust) has the rights to the election and removal of directors from the Corporation (The PERT Foundation). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Upon dissolution, The PERT Foundation's (Corporation) remaining assets would be distributed to The Chicago Community Trust (Member) for its general charitable purposes. The Member also possesses the right to elect or remove any director from office without cause. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The Form 990 is reviewed and approved by the President of the Board before filing with the IRS. When there is a vacancy, the Treasurer and Secretary reviews and approves before filing with the IRS. The Form 990 is subsequently circulated to other board members. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | PERT is currently following the policies of the Chicago Community Trust. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | A copy of 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). Currently, the organization does not have a formal conflict of interest policy, whistleblower policy, or document retention and destruction policy, but is currently following the policies of The Chicago Community Trust. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Miscellaneous: Program service expenses 0. Management and general expenses 1,958. Fundraising expenses 0. Total expenses 1,958. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | The audit committee of the supported organization, The Chicago Community Trust, assumes responsibility for oversight of the audit, review of the financial statements, and selection of the independent accountants. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Activities of the Board include: attending and preparing for board meetings and various other administrative matters. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section A, line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990, Part XII, Financial Statements and Reporting, Line 2c: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990, Part VII, Section A, Column B, Activities of the Board: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 1 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 2 | 1 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | CCT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | CCT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | The Chicago Community Foundation |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | The Chicago Community Trust |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 2 | Metropolis Strategiess NFP |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 363432023 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 362167000 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 2 | 364278088 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(c)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 501(c)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 2 | 501(c)(3) |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $428,961
- Liabilities
- $20,526
- Net assets
- $408,435
- Revenue
- $13,038
- Expenses
- $9,307
- Net income
- $3,731