Civic Intelligence

Associated Talmud Torahs of Chicago Endowment Foundation

EIN 84-3451334 • 501(c)3 • Chicago, IL

Profile

The Foundation was established exclusively for the benefit of and to carry out the purposes of the Associated Talmud Torahs of Chicago, a not-for-profit organization.

30 South Wells Street 4049Chicago, IL 60606

n/A

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

10th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

42nd percentile

1.6%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2024 to 2025

Assets

Up

$5,725,296

Up $90,626 (+1.6%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$5,725,296

Up $90,626 (+1.6%) from 2024

Revenue

Up

$765,301

Up $827,910 (+1322%) from 2024

Expenses

Up

$354,680

Up $138,442 (+64%) from 2024

Net Income

Up

$410,621

Up $689,468 (+247%) from 2024

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2020: $4,938,602Liabilities 2020: $0Net Assets 2020: $4,938,6022020Assets 2021: $5,610,997Liabilities 2021: $0Net Assets 2021: $5,610,9972021Assets 2022: $5,008,757Liabilities 2022: $0Net Assets 2022: $5,008,7572022Assets 2023: $5,287,292Liabilities 2023: $0Net Assets 2023: $5,287,2922023Assets 2024: $5,634,670Liabilities 2024: $0Net Assets 2024: $5,634,6702024Assets 2025: $5,725,296Liabilities 2025: $0Net Assets 2025: $5,725,2962025

Highlighted filing

2025

Assets$5,725,296
Liabilities$0
Net Assets$5,725,296

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $4,963,857Expenses 2020: $156Net Income 2020: $4,963,7012020Revenue 2021: $277,666Expenses 2021: $105,778Net Income 2021: $171,8882021Revenue 2022: $382,010Expenses 2022: $161,718Net Income 2022: $220,2922022Revenue 2023: $102,889Expenses 2023: $139,996Net Income 2023: -$37,1072023Revenue 2024: -$62,609Expenses 2024: $216,238Net Income 2024: -$278,8472024Revenue 2025: $765,301Expenses 2025: $354,680Net Income 2025: $410,6212025

Highlighted filing

2025

Revenue$765,301
Expenses$354,680
Net Income$410,621

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 5, 2026
Return Version
2024v5.1
Gross Receipts
$3,569,849
Mission and Program Overview

Mission

The foundation was established exclusively for the benefit of and to carry out the purposes of the associated talmud torahs of chicago, a not-for-profit organization.

The foundation was established exclusively for the benefit of and to carry out the purposes of associated talmud torahs of chicago, a not-for-profit organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,634,670$5,725,296▲ $90,626
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,634,670$5,725,296▲ $90,626
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,398,746$4,060,618▼ $338,128
Net Assets Without Donor Restrictions$1,235,924$1,664,678▲ $428,754
Total Net Assets Fund Balance$5,634,670$5,725,296▲ $90,626
Total Liabilities and Net Assets / Fund Balance$5,634,670$5,725,296▲ $90,626

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$5,725,296--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,634,670-▲ $428,754-$5,725,296
2023$5,287,292-▲ $543,368-$5,634,670
2022$5,008,757-▲ $418,531-$5,287,292
2021$5,610,997-▼ $440,522-$5,008,757
2020$4,938,602$93,262▲ $684,911-$5,610,997
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen LandesPresident/director
Aron RoutmanVice President/director
Brian LevinsonDirector
Gita BerkDirector
Paul QuintasDirector
David PorushSecretary/director
Stanford GertzTreasurer/director
David S RosenAssistant Secretary
Steven a WanderAssistant Secretary
James a PinkstonAssistant Treasurer
Peter ChiswickAssistant Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$765,301
Other Revenue
$0
Change in Net Assets
$410,621

Audited Revenue Reconciliation

Revenue per Audited Statements
$748,749
Revenue Not Reported on Financial Statements
$16,552
Revenue Not Reported on Form 990
$-319,995
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$428,754
Total Revenue per Form 990
$765,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,000
Other Expenses$54,680
Total Fundraising Expense$12,846
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Fees for Service Investment Mgmnt Fees-$16,552-$16,552
Other Expenses$790$24,492$12,846$790
Total Functional Expenses$300,790$41,044$12,846$354,680

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$354,680
Expenses per Audited Statements$338,128
Total Expenses per Audited Statements$338,128
Expenses Not Reported on Financial Statements$16,552
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Associated Talmud Torahs of ChicagoSkokie, IL501(c)(3)General Operating Support$300,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

The members of the foundation are the associated talmud torahs of chicago (the agency) and the jewish federation of metropolitan chicago (the federation).

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The members shall appoint the board of directors. The agency shall be entitled to appoint four of the directors at least one of whom must be the current president or any past president of the agency, and the federation shall be entitled to appoint three of the directors.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

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, Line 11B Review of form 990 by governing body

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 prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

A conflict of interest questionnaire is circulated to all board members on an annual basis. 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, Line 19 Required documents available to the public

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
Associated Talmud Torahs of Chicago Endowment Foundation
EIN
84-3451334
Phone
3123574790
Address
30 SOUTH WELLS STREET 4049, CHICAGO, IL 60606

Signing Officer

Name
James a Pinkston
Title
Assistant Treasurer
Signed
2026-03-05
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
11

Preparer

Firm
Plante & Moran PLLC
Address
10 SOUTH RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
David Lowenthal CPA
Phone
3122071040
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

Endowment funds are held and invested by the foundation for the benefit of the associated talmud torahs of chicago.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

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, 2025, 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.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ASSOCIATED TALMUD TORAHS OF CHICAGO
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0Closely-held equity interests
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Financial derivatives
IRS990ScheduleD/OtherSecuritiesGrp/Desc2JEWISH FEDERATION OF METROPOLITAN CHICAGO POOLED ENDOWMENT PORTFOLIO, LLC
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE HELD AND INVESTED BY THE FOUNDATION FOR THE BENEFIT OF THE ASSOCIATED TALMUD TORAHS OF CHICAGO.
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, 2025, 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4 Intended uses of endowment funds
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ASSOCIATED TALMUD TORAHS OF CHICAGO
IRS990ScheduleI/RecipientTable/RecipientEIN0362169123
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03531 Madison Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Skokie
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060076
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS MADE BY THE FOUNDATION CAN ONLY BE MADE TO OR FOR THE BENEFIT OF ASSOCIATED TALMUD TORAHS OF CHICAGO.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds
IRS990ScheduleI/Total501c3OrgCnt01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE FOUNDATION ARE THE ASSOCIATED TALMUD TORAHS OF CHICAGO (THE AGENCY) AND THE JEWISH FEDERATION OF METROPOLITAN CHICAGO (THE FEDERATION).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS SHALL APPOINT THE BOARD OF DIRECTORS. THE AGENCY SHALL BE ENTITLED TO APPOINT FOUR OF THE DIRECTORS AT LEAST ONE OF WHOM MUST BE THE CURRENT PRESIDENT OR ANY PAST PRESIDENT OF THE AGENCY, AND THE FEDERATION SHALL BE ENTITLED TO APPOINT THREE OF THE DIRECTORS.
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 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A CONFLICT OF INTEREST QUESTIONNAIRE IS CIRCULATED TO ALL BOARD MEMBERS ON AN ANNUAL BASIS. 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/FormAndLineReferenceDesc0Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
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