Max Schewitz Foundation

Buffalo Grove, ILUnknown exempt organization EIN 20-4855141Revenue $134K in FY2023Latest return filed Mar 28, 2024

On file with the IRSheartsmartekg.orgBuffalo Grove, IL

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The making of grants for education, medical and scientific purposes.

92¢ of each $1 spent went to programs.
$36K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $46K a year · 35% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $33
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$134K
-19% vs prior year
Spent
$305K
To programs
92%
Net assets
$0
By yearFY2020–FY2023
Revenue
$134K
FY2023▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$103K
FY2022$166K
FY2023$134K
Expenses
$305K
FY2023▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2020$91K
FY2021$135K
FY2022$190K
FY2023$305K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$237K
FY2021$206K
FY2022$181K
FY2023$0

From the FY2023 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $280K Management & general 8% · $25K

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

8 people listed on the 990; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$17,003Pt VII · Sec A
Treasurer
$15,630Pt VII · Sec A
Director
$3,348Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Kathy Aykroid$17,003$25,619$22,484$19,584
Jeanne Coogan$15,630$18,361$11,418$12,289
Alane Church$3,348——$1,494

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Max Schewitz Foundation executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards grants for education, medical, and scientific projects.

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2 programs · $280K · in their own filed words · FY2023
01

Providing free or low-cost ekg screening tests and limited echo cardiograms to area high school and college students in an attempt to detect hidden heart conditions which might lead to sudden cardiac death if untreated.

$246Kprogram expense
02

Supported environmental conservation of fragile and threatened species by providing for the maintenance of basking garden at wildlife discovery center for WDC'S wildlife.

$34Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$33
Grants paid · 8 grants · $149K · 2023–2023

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$134K
Ln 12
Fees for servicesLn 2g$74K
Gifts and grantsLn 1h$50K
Investment incomeLn 3$10K
Money outPt IX
$305K
Ln 25
Programscol B$280K
Managementcol C$25K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Fees for servicesLn 2g$74K
Investment incomeLn 3$10K
Gains on assetsLn 7$7K
Total revenueLn 12$134K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$164K$0
InvestmentsLn 11–13$9K$0
Land, buildings, equipmentLn 10c$10K$0
Total assetsLn 16$181K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$181K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$149K$149K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$94K$94K
Office expensesLn 13$7K$7K
Information technologyLn 14$13K$13K$91
TravelLn 17$4K$4K
InsuranceLn 23$3K$2K$1K
Other expenses (24a–d)Ln 24$25K$18K$7K
Total functional expensesLn 25$305K$280K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Mar 28, 2024 $134K$305K−$171K$0 990 PDF
FY2022Filed with the IRS Aug 9, 2023 $166K$190K−$24K$181K 990 PDF
FY2021Filed with the IRS Aug 5, 2022 $103K$135K−$32K$206K 990 PDF
FY2020Filed with the IRS Aug 12, 2021 $133K$91K$42K$237K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $134,110 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65,622$49,706
I-9 Program service revenuePrior year $98,802$74,128
I-10 Investment incomePrior year $1,080$10,276
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $165,504$134,110
I-13 Grants and similar amounts paidPrior year $0$149,017
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $189,838$156,316
I-18 Total expensesPrior year $189,838$305,333
I-19 Revenue less expensesPrior year −$24,334−$171,223
Part VI · Governance 8 of 8 board members independent, 5 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $134,110 across 6 lines filed
VIII-1f All other contributions, gifts and grants$49,706
VIII-1h Total contributions, gifts and grants$49,706
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,128$74,128
VIII-3 Investment incomeRelated to mission $2,812$2,812
VIII-7 Net gain or loss on sales of assetsRelated to mission $7,464$7,464
VIII-12 Total revenueRelated to mission $84,404 · Unrelated business $0 · Excluded from tax $0$134,110
Part IX · Statement of functional expenses $305,333 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $149,017$149,017
IX-11b Legal feesManagement $4,683$4,683
IX-11c Accounting feesManagement $6,035$6,035
IX-11g Other fees for servicesPrograms $93,764$93,764
IX-13 Office expensesManagement $6,543$6,543
IX-14 Information technologyPrograms $13,204 · Management $91$13,295
IX-17 TravelPrograms $4,390$4,390
IX-23 InsurancePrograms $1,507 · Management $1,083$2,590
IX-24 Other expenses (24a–d)Programs $18,014 · Management $7,002$25,016
IX-25 Total functional expensesPrograms $279,896 · Management $25,437 · Fundraising $0$305,333
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $69$0
X-2 Savings and temporary cash investmentsStart of year $164,415$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $10,000$0
X-11 Publicly traded securitiesStart of year $9,340$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year −$2,601$0
X-16 Total assetsStart of year $181,223$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $181,223$0
X-32 Total net assets or fund balancesStart of year $181,223$0
X-33 Total liabilities and net assetsStart of year $181,223$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$134,110
XI-2 Total expenses$305,333
XI-3 Revenue less expenses−$171,223
XI-4 Net assets at start of year$181,223
XI-9 Other changes in net assets−$10,000
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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