Safer Corporate Endowment: Nonprofit Profile, Financials & Form 990 (EIN 36-3262491)

Revenue by fiscal year
FY2020	$2.1M
FY2021	$2.4M
FY2022	$2.7M
FY2023	$4.7M
FY2024	$2.9M
FY2024	$3.1M

Expenses by fiscal year
FY2020	$2.7M
FY2021	$2.5M
FY2022	$3.0M
FY2023	$2.8M
FY2024	$2.9M
FY2024	$2.9M

Net assets by fiscal year
FY2020	$10.9M
FY2021	$11.1M
FY2022	$9.8M
FY2023	$11.4M
FY2024	$13.3M
FY2024	$11.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1984.

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

Part of a larger organization · Schedule R

Safer Corporate Endowment files its own Form 990, but Schedule R discloses 4 related entities — figures on this page are for this EIN only, not the whole group.

8000-8010 S Paxton LLC · Safer Foundation · Safer Pathways Center · 4905 S Michigan Ave LLC · See Schedule R

Combined filings · FY2024 · 2 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 9% of group revenue.

Group revenue

$36.5M

Group expenses

$39.0M

Group net assets

$13.5M

Safer Foundation · $33.4M rev · $1.9M net assets

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $2.9M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

Allen Kanter

President/Treasurer

$0Pt VII · Sec A

Don Goens

Vice President

$0Pt VII · Sec A

Ethan Erenberg

Secretary

$0Pt VII · Sec A

B Diane Williams

Director

$0Pt VII · Sec A

John Levin

Director

$0Pt VII · Sec A

Mark Yates

Interim CFO

$0Pt VII · Sec A

Victor Dickson

Executive Director

$0Pt VII · Sec A

See Safer Corporate Endowment 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

Helps individuals with arrest and conviction records find safer housing and opportunities.

Provided by the organization

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3 programs · $2.9M · in their own filed words · FY2024

01

To provide support for the activities of the safer foundation, a tax exempt organization which provides opportunities to individuals with arrest and conviction records to become productive citizens.

$2.5Mprogram expense

02

To provide support to the 4905 s michgan building. Support includes providing low COST/AFFORDABLE housing to individuals recently released from prison and those who have a criminal background. Support includes providing facilities to provide housing units for affordable housing to support safer foundation's communities and clients.

$320Kprogram expense

03

To provide support to the 8000 s paxton building. Support includes providing low COST/ affordable housing to individuals recently released from prison and those who have a criminal background. Support includes providing facilities to provide housing units for affordable housing to support safer foundation's communities and clients.

$113Kprogram 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 · FY2022

Safer FoundationFY2022$1.8M

Total grants receivedfrom 1 funder$1.8M

Grants paid · 6 grants · $11.8M · 2019–2024

Safer FoundationIL · FY2024$1,933,400

Safer FoundationIL · FY2023$1,703,400

Safer FoundationIL · FY2022$1,888,961

Safer FoundationIL · FY2021$2,214,463

Safer FoundationIL · FY2020$1,929,582

Safer FoundationIL · FY2019$2,136,603

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.1M

Ln 12

Fees for servicesLn 2g$1.9M

Investment incomeLn 3$853K

Gifts and grantsLn 1h$421K

Money outPt IX

$2.9M

Ln 25

Programscol B$2.9M

Owns and owesPt X

$11.6M

net assets · Ln 32

Cash and savingsLn 1–2$414K

Total assetsLn 16$14.0M

LiabilitiesLn 26$2.5M

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$421K

Government grantsLn 1e$421K

Fees for servicesLn 2g$1.9M

Investment incomeLn 3$853K

Other incomeLn 4–11$200

Gains on assetsLn 7$155K

Total revenueLn 12$3.1M

Assets in detailPt X, end of year

CashLn 1$414K

Cash and savings togetherLn 1–2$414K

InvestmentsLn 11–13$4.5M

Land, buildings, equipmentLn 10c$5.7M

Other assetsLn 15$3.4M

Total assetsLn 16$14.0M

LiabilitiesLn 26$2.5M

Net assetsLn 32$11.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderDecember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$494K	$414K
InvestmentsLn 11–13	$4.1M	$4.5M
Land, buildings, equipmentLn 10c	$6.2M	$5.7M
Total assetsLn 16	$15.9M	$14.0M
LiabilitiesLn 26	$2.6M	$2.5M
Net assetsLn 32	$13.3M	$11.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.9M	$1.9M
Legal feesLn 11b	$3K	$3K
Accounting feesLn 11c	$889	$889
Other fees for servicesLn 11g	$208K	$208K	$0	$0
Office expensesLn 13	$17K	$17K
OccupancyLn 16	$121K	$121K
InterestLn 20	$91K	$91K
Depreciation, depletion and amortizationLn 22	$454K	$454K
Other expenses (24a–d)Ln 24	$83K	$83K
All other expensesLn 24e	−$8K	−$8K	$0	$0
Total functional expensesLn 25	$2.9M	$2.9M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$2.9M	$2.9M	$52K	$13.3M	990 PDF
FY2023	$4.7M	$2.8M	$1.9M	$11.4M	990 PDF
FY2022	$2.7M	$3.0M	−$261K	$9.8M	990 PDF
FY2021	$2.4M	$2.5M	−$65K	$11.1M	990 PDF
FY2020	$2.1M	$2.7M	−$685K	$10.9M	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 FY2024 990 (6 parts)

Part I · Summary $3,137,613 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $950,000$421,183

I-9 Program service revenuePrior year $1,777,310$1,863,510

I-10 Investment incomePrior year $215,353$852,720

I-11 Other revenuePrior year $114$200

I-12 Total revenuePrior year $2,942,777$3,137,613

I-13 Grants and similar amounts paidPrior year $1,703,400$1,933,400

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,187,366$969,511

I-18 Total expensesPrior year $2,890,766$2,902,911

I-19 Revenue less expensesPrior year $52,011$234,702

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $3,137,613 across 7 lines filed

VIII-1e Government grants$421,183

VIII-1h Total contributions, gifts and grants$421,183

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,863,510$1,863,510

VIII-3 Investment incomeExcluded from tax $697,274$697,274

VIII-7 Net gain or loss on sales of assetsExcluded from tax $155,446$155,446

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $200$200

VIII-12 Total revenueRelated to mission $1,863,710 · Unrelated business $0 · Excluded from tax $852,720$3,137,613

Part IX · Statement of functional expenses $2,902,911 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $1,933,400$1,933,400

IX-11b Legal feesPrograms $2,806$2,806

IX-11c Accounting feesPrograms $889$889

IX-11g Other fees for servicesPrograms $208,334 · Management $0 · Fundraising $0$208,334

IX-13 Office expensesPrograms $16,744$16,744

IX-16 OccupancyPrograms $120,790$120,790

IX-20 InterestPrograms $91,485$91,485

IX-22 Depreciation, depletion and amortizationPrograms $453,658$453,658

IX-24 Other expenses (24a–d)Programs $83,037$83,037

IX-24e All other expensesPrograms −$8,232 · Management $0 · Fundraising $0−$8,232

IX-25 Total functional expensesPrograms $2,902,911 · Management $0 · Fundraising $0$2,902,911

Part X · Balance sheet $14,027,470 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $493,933$413,626

X-9 Prepaid expenses and deferred chargesStart of year $321$3,401

X-10c Land, buildings and equipment, netStart of year $6,152,475$5,709,522

X-11 Publicly traded securitiesStart of year $4,119,448$4,542,144

X-15 Other assetsStart of year $4,626,624$3,358,777

X-16 Total assetsStart of year $15,869,692$14,027,470

X-17 Accounts payable and accrued expensesStart of year $32,750$89,398

X-18 Grants payableStart of year $396,559$0

X-24 Unsecured notes and loans payableStart of year $1,749,076$2,385,139

X-25 Other liabilitiesStart of year $425,256$0

X-26 Total liabilitiesStart of year $2,603,641$2,474,537

X-27 Net assets without donor restrictionsStart of year $13,018,584$11,493,904

X-28 Net assets with donor restrictionsStart of year $247,467$59,029

X-32 Total net assets or fund balancesStart of year $13,266,051$11,552,933

X-33 Total liabilities and net assetsStart of year $15,869,692$14,027,470

Part XI · Reconciliation of net assets $11,552,933 net assets at year end

XI-1 Total revenue$3,137,613

XI-2 Total expenses$2,902,911

XI-3 Revenue less expenses$234,702

XI-4 Net assets at start of year$13,266,051

XI-5 Net unrealized gains (losses) on investments−$190,623

XI-8 Prior period adjustments−$1,757,197

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$11,552,933

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Safer Corporate Endowment

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV