Ring Family Supporting Foundation

Chicago, ILUnknown exempt organizationEIN 20-1642012

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The Foundation was organized to foster, promote, support, develop, encourage and maintain the specific charitable, educational or religious purposes or function, or as authorized in the charter of the Jewish Federation of Metropolitan Chicago.

99¢ of each $1 spent went to programs.
Run by 1 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $826K a year · 422% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$73K
-77% vs prior year
Spent
$2.0M
To programs
99%
Net assets
$0
By yearFY2020–FY2021
Revenue
$73K
FY2021▼ -77%
Revenue by fiscal year
FY2020$318K
FY2021$73K
Expenses
$2.0M
FY2021▲ ×31
Expenses by fiscal year
FY2020$63K
FY2021$2.0M
Net assets
$0
FY2021▼ -100%
Net assets by fiscal year
FY2020$1.6M
FY2021$0

From the FY2021 Form 990 (year ending June 2021) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $2.0M Management & general 1% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Asst. Treasurer & Asst. Secy
$0Pt VII · Sec A
See Ring Family Supporting Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Jewish Federation of Metropolitan Chicago's charitable and educational goals.

Provided by the organization

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1 program service account for $2.0M of program spending, described in the organization's own filed words · FY2020.
01

The Foundation makes grants to charitable organizations all of which are tax exempt under IRC Section 501(c)(3) and meet the guidelines of its by-laws and those of the Jewish Federation of Metropolitan Chicago.

$2.0Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $2.0M · 2019–2020

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$73K
Ln 12
Investment incomeLn 3$73K
Money outPt IX
$2.0M
Ln 25
Programscol B$2.0M
Managementcol C$11K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$73K
Gains on assetsLn 7$71K
Total revenueLn 12$73K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0
InvestmentsLn 11–13$1.6M$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.6M$0
LiabilitiesLn 26$5K$0
Net assetsLn 32$1.6M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$7K$7K
Other expenses (24a–d)Ln 24$15$15
Total functional expensesLn 25$2.0M$2.0M$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $73K$2.0M−$1.9M$0 990 PDF
FY2020 $318K$63K$255K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $73,042 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $1,645$1,645
VIII-7 Net gain or loss on sales of assetsExcluded from tax $71,397$71,397
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $73,042$73,042
Part IX · Statement of functional expenses $1,979,795 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $1,968,376$1,968,376
IX-11c Accounting feesManagement $4,100$4,100
IX-11f Investment management feesManagement $7,304$7,304
IX-24 Other expenses (24a–d)Management $15$15
IX-25 Total functional expensesPrograms $1,968,376 · Management $11,419 · Fundraising $0$1,979,795
Part X · Balance sheet $0 assets, 19 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $1,620,218$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,620,218$0
X-17 Accounts payable and accrued expensesStart of year $4,100$0
X-25 Other liabilitiesStart of year $1,000$0
X-26 Total liabilitiesStart of year $5,100$0
X-27 Net assets without donor restrictionsStart of year $1,615,118$0
X-32 Total net assets or fund balancesStart of year $1,615,118$0
X-33 Total liabilities and net assetsStart of year $1,620,218$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$73,042
XI-2 Total expenses$1,979,795
XI-3 Revenue less expenses−$1,906,753
XI-4 Net assets at start of year$1,615,118
XI-5 Net unrealized gains (losses) on investments$291,635
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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