The Foundation owns and manages a building for the benefit of a group of 501(c)(3) organizations that occupy the building.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $140K a year · 15% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $57K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$836K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$957K
+12% vs prior year
Spent
$1.1M
To programs
95%
Net assets
$3.8M
By yearFY2020–FY2024
Revenue
$957K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$932K
FY2021$945K
FY2022$840K
FY2023$851K
FY2024$957K
Expenses
$1.1M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$1.0M
FY2023$1.1M
FY2024$1.1M
Net assets
$3.8M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$4.3M
FY2022$4.1M
FY2023$3.9M
FY2024$3.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1988.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.0M Management & general 5% · $51K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Rev Randall K Blakey$36,936$36,080

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 The Lasalle 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

Provides a managed building for 501(c)(3) organizations to operate.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2024
01

The foundation owns and manages the cornerstone center (the building) at 1111 n. Wells, chicago, illinois for the benefit of a group of 501(c)(3) organizations that occupy the building. These organizations provide educational and charitable programs for the general public, including a child care center and educational programs for youth.

$1.0Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$57K
Grants paid · 2 grants · $56K · 2021–2022

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$957K
Ln 12
Fees for servicesLn 2g$787K
Gifts and grantsLn 1h$142K
Other incomeLn 4–11$22K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$51K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$464K
Total assetsLn 16$4.6M
LiabilitiesLn 26$836K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$142K
Government grantsLn 1e$82K
Fees for servicesLn 2g$787K
Investment incomeLn 3$7K
Other incomeLn 4–11$22K
Total revenueLn 12$957K
Assets in detailPt X, end of year
CashLn 1$464K
Cash and savings togetherLn 1–2$464K
Land, buildings, equipmentLn 10c$4.0M
Total assetsLn 16$4.6M
LiabilitiesLn 26$836K
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$345K$464K
Land, buildings, equipmentLn 10c$4.3M$4.0M
Total assetsLn 16$4.7M$4.6M
LiabilitiesLn 26$843K$836K
Net assetsLn 32$3.9M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Other salaries and wagesLn 7$316K$278K$38K
Pension plan contributionsLn 8$6K$5K$745
Payroll taxesLn 10$17K$15K$2K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$18K$18K
OccupancyLn 16$115K$115K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$46K$46K
Depreciation, depletion and amortizationLn 22$316K$316K
InsuranceLn 23$53K$45K$7K
Other expenses (24a–d)Ln 24$156K$156K
All other expensesLn 24e$21K$21K
Total functional expensesLn 25$1.1M$1.0M$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $957K$1.1M−$125K$3.8M 990 PDF
FY2023 $851K$1.1M−$205K$3.9M 990 PDF
FY2022 $840K$1.0M−$166K$4.1M 990 PDF
FY2021 $945K$1.0M−$104K$4.3M 990 PDF
FY2020 $932K$1.0M−$100K$4.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $956,936 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $475$141,837
I-9 Program service revenuePrior year $816,328$786,573
I-10 Investment incomePrior year $5,862$7,006
I-11 Other revenuePrior year $28,275$21,520
I-12 Total revenuePrior year $850,940$956,936
I-13 Grants and similar amounts paidPrior year $2,008$3,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $331,983$338,958
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $722,310$739,919
I-18 Total expensesPrior year $1,056,301$1,082,377
I-19 Revenue less expensesPrior year −$205,361−$125,441
Part VI · Governance 4 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $956,936 across 7 lines filed
VIII-1d Related organizations$59,845
VIII-1e Government grants$81,992
VIII-1h Total contributions, gifts and grants$141,837
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $786,573$786,573
VIII-3 Investment incomeExcluded from tax $7,006$7,006
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,520$21,520
VIII-12 Total revenueRelated to mission $808,093 · Unrelated business $0 · Excluded from tax $7,006$956,936
Part IX · Statement of functional expenses $1,082,377 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $3,500$3,500
IX-7 Other salaries and wagesPrograms $277,766 · Management $37,877$315,643
IX-8 Pension plan contributionsPrograms $5,467 · Management $745$6,212
IX-10 Payroll taxesPrograms $15,051 · Management $2,052$17,103
IX-11c Accounting feesManagement $3,100$3,100
IX-11g Other fees for servicesPrograms $7,029$7,029
IX-13 Office expensesPrograms $18,440$18,440
IX-16 OccupancyPrograms $114,570$114,570
IX-17 TravelPrograms $3,381$3,381
IX-19 Conferences, conventions and meetingsPrograms $1,796$1,796
IX-20 InterestPrograms $46,364$46,364
IX-22 Depreciation, depletion and amortizationPrograms $315,957$315,957
IX-23 InsurancePrograms $45,463 · Management $7,175$52,638
IX-24 Other expenses (24a–d)Programs $155,550$155,550
IX-24e All other expensesPrograms $21,094$21,094
IX-25 Total functional expensesPrograms $1,031,428 · Management $50,949 · Fundraising $0$1,082,377
Part X · Balance sheet $4,593,599 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $344,641$464,205
X-3 Pledges and grants receivable$61,416
X-4 Accounts receivableStart of year $44,543$46,699
X-10c Land, buildings and equipment, netStart of year $4,337,236$4,021,279
X-16 Total assetsStart of year $4,726,420$4,593,599
X-17 Accounts payable and accrued expensesStart of year $45,822$37,017
X-19 Deferred revenue$6,944
X-25 Other liabilitiesStart of year $8,162$12,112
X-26 Total liabilitiesStart of year $843,493$836,113
X-27 Net assets without donor restrictionsStart of year $3,882,927$3,757,486
X-32 Total net assets or fund balancesStart of year $3,882,927$3,757,486
X-33 Total liabilities and net assetsStart of year $4,726,420$4,593,599
Part XI · Reconciliation of net assets $3,757,486 net assets at year end
XI-1 Total revenue$956,936
XI-2 Total expenses$1,082,377
XI-3 Revenue less expenses−$125,441
XI-4 Net assets at start of year$3,882,927
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,757,486

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

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