Civic Intelligence

Kovitz Cares Foundation

990EZ • Fiscal year 2023 • EIN 84-4317846

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

71 S Wacker DriveChicago, IL 60614

(312) 334-7300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

26th percentile

-11%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

15th percentile

-36%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

674%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$14,923

Down $8,439 (-36%) from 2022

Net Assets

Down

$14,923

Down $8,439 (-36%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$77,507

Up $67,498 (+674%) from 2022

Expenses

Up

$85,946

Up $82,230 (+2213%) from 2022

Net Income

Down

-$8,439

Down $14,732 (-234%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30K$20K$10K$0Assets 2020: $990Liabilities 2020: $0Net Assets 2020: $9902020Assets 2021: $17,069Liabilities 2021: $0Net Assets 2021: $17,0692021Assets 2022: $23,362Liabilities 2022: $0Net Assets 2022: $23,3622022Assets 2023: $14,923Net Assets 2023: $14,9232023Assets 2024: $12,841Net Assets 2024: $12,8412024

Highlighted filing

2023

Assets$14,923
Liabilities-
Net Assets$14,923

Operations Trend

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

$100K$50K$0-$50KRevenue 2020: $1,000Expenses 2020: $10Net Income 2020: $9902020Revenue 2021: $17,290Expenses 2021: $1,211Net Income 2021: $16,0792021Revenue 2022: $10,009Expenses 2022: $3,716Net Income 2022: $6,2932022Revenue 2023: $77,507Expenses 2023: $85,946Net Income 2023: -$8,4392023Revenue 2024: $5,000Expenses 2024: $7,082Net Income 2024: -$2,0822024

Highlighted filing

2023

Revenue$77,507
Expenses$85,946
Net Income-$8,439
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$77,507
Mission and Program Overview

Mission

Kovitz cares foundation is organized to raise funds, primarily through fundraising activities, and to provide grants to other local 501(c)(3) organizations that support education and provide economic opportunities and assistance for people in need.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION PARTICIPATED IN A FUNDRAISING EVENT FACILITATED BY ANOTHER 501(C)(3) ORGANIZATION, NOURISHING HOPE. SEVERAL DONATIONS AND SPONSORSHIPS RELATED TO THE EVENT WENT DIRECTLY TO NOURISHING HOPE. EXPENSES RELATED TO THE EVENT WERE PAID BY NOURISHING HOPE AND A PORTION OF THE NET AMOUNT WAS THEN CONTRIBUTED TO KOVITZ CARES FROM NOURISHING HOPE.$85,500$85,946
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROLYN E RADENPresident An-$0--
EDWARD W EDENSVice Preside-$0--
MITCHELL A KOVITZDirector-$0--
MARC S BRENNERDirector-$0--
JONATHAN A SHAPIRODirector-$0--
THEODORE J RUPPDirector-$0--
Filing and Contact Details

Filer

Filer Name
Kovitz Cares Foundation
EIN
84-4317846
Phone
3123347300
Address
71 S WACKER DRIVE, CHICAGO, IL 60614

Signing Officer

Name
Carolyn E Raden
Title
President and Treasu
Phone
3123347300
Signed
2024-05-13

Preparer

Firm
Kovitz Investment Group Partners LLC
Address
71 S WACKER DR STE 1860, CHICAGO, IL 60606
Preparer
Alejandra E Alonso
Phone
3123347300
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: sparkshop address: 1623 w fulton street chicago, il 60612 cash contribution: 50,000 name: nourishing hope address: 1716 w hubbard st chicago, il 60622 cash contribution: 15,000

Form 990-ez, Part I, Line 16

Expenses insurance 436 regulatory and filing fee 10 total 446

Form 990-ez, Part III

Kovitz cares foundation is organized to raise funds, primarily through fundraising activities, and to provide grants to other local 501(c)(3) organizations that support education and provide economic opportunities and assistance for people in need.

Form 990-ez, Part III, Line 28

The foundation participated in a fundraising event facilitated by another 501(c)(3) organization, nourishing hope. Several donations and sponsorships related to the event went directly to nourishing hope. Expenses related to the event were paid by nourishing hope and a portion of the net amount was then contributed to kovitz cares from nourishing hope.

Raw XML Appendix140 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/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt085500
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: SPARKSHOP ADDRESS: 1623 W FULTON STREET CHICAGO, IL 60612 CASH CONTRIBUTION: 50,000 NAME: NOURISHING HOPE ADDRESS: 1716 W HUBBARD ST CHICAGO, IL 60622 CASH CONTRIBUTION: 15,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES INSURANCE 436 REGULATORY AND FILING FEE 10 TOTAL 446
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KOVITZ CARES FOUNDATION IS ORGANIZED TO RAISE FUNDS, PRIMARILY THROUGH FUNDRAISING ACTIVITIES, AND TO PROVIDE GRANTS TO OTHER LOCAL 501(C)(3) ORGANIZATIONS THAT SUPPORT EDUCATION AND PROVIDE ECONOMIC OPPORTUNITIES AND ASSISTANCE FOR PEOPLE IN NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION PARTICIPATED IN A FUNDRAISING EVENT FACILITATED BY ANOTHER 501(C)(3) ORGANIZATION, NOURISHING HOPE. SEVERAL DONATIONS AND SPONSORSHIPS RELATED TO THE EVENT WENT DIRECTLY TO NOURISHING HOPE. EXPENSES RELATED TO THE EVENT WERE PAID BY NOURISHING HOPE AND A PORTION OF THE NET AMOUNT WAS THEN CONTRIBUTED TO KOVITZ CARES FROM NOURISHING HOPE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLYN E RADEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND TREASU
ReturnHeader/BusinessOfficerGrp/PhoneNum03123347300
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
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ReturnHeader/Filer/EIN0844317846
ReturnHeader/Filer/PhoneNum03123347300
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOVITZ INVESTMENT GROUP PARTNERS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt071 S WACKER DR STE 1860
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ReturnHeader/PreparerPersonGrp/PhoneNum03123347300
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEJANDRA E ALONSO
ReturnHeader/ReturnTs02024-05-14T12:50:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAROLYN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RADEN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings