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Lawrence E and Nancy S Glick Foundation FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Foundations & GrantmakersEIN 36-3662985Revenue $150K in FY2020

On file with the IRS30 South Wells Street 4049, 60606-5054 · Chicago, ILTax-exempt since Oct 1989Supporting organization — 509(a)(3)

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The Foundation was organized to foster, promote, support, develop, encourage and maintain the broad charitable, educational, and/or religious purposes of The Jewish Federation of Metropolitan Chicago and the foundation as authorized in their by-laws.

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

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $125K a year · 94% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$853K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$150K
Spent
$341K
To programs
95%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$150K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$150K
FY2021$141K
FY2022$189K
FY2023$53K
FY2024−$26K
FY2025$289K
Expenses
$341K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$341K
FY2021$392K
FY2022$181K
FY2023$169K
FY2024$244K
FY2025$218K
Net assets
$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$1.6M
FY2023$1.6M
FY2024$1.6M
FY2025$1.5M

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1989.

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% · $325K Management & general 5% · $16K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Dr Steven B Nasatir
Secretary (see Sch. J, Part Iii)
$0Pt VII · Sec A
David S Rosen
Assistant Secretary
$0Pt VII · Sec A
James a Pinkston
Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Nancy S Glick
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lawrence E and Nancy S Glick 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Jewish Federation's charitable, educational, and religious goals.

Provided by the organization

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1 program · $325K · in their own filed words · FY2019
01

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

$325Kprogram expense

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 · 10 grants · $1.1M · 2019–2024
Jewish United Fund of Metropolitan ChicagoIL · FY2024$150,000
Jewish Child and Family ServicesIL · FY2024$55,000
Jewish United Fund of Metropolitan ChicagoIL · FY2023$175,000
American Friends of the Hebrew University INCNY · FY2023$50,000
Jewish United Fund of Metropolitan ChicagoIL · FY2022$150,000
Jewish United Fund of Metropolitan ChicagoIL · FY2021$160,000
Jewish Child and Family ServicesIL · FY2021$6,500
Jewish United Fund of Metropolitan ChicagoIL · FY2019$250,000
American Friends of the Hebrew University INCNY · FY2019$50,000
Jewish Federation of Metropolitan ChicagoIL · FY2019$25,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$150K
Ln 12
Investment incomeLn 3$150K
Money outPt IX
$341K
Ln 25
Programscol B$325K
Managementcol C$16K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$114K
Total assetsLn 16$2.6M
LiabilitiesLn 26$853K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$150K
Gains on assetsLn 7$141K
Total revenueLn 12$150K
Assets in detailPt X, end of year
CashLn 1$114K
Cash and savings togetherLn 1–2$114K
InvestmentsLn 11–13$2.5M
Total assetsLn 16$2.6M
LiabilitiesLn 26$853K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
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 FY20End FY20
Cash and savingsLn 1–2$104K$114K
InvestmentsLn 11–13$3.1M$2.5M
Total assetsLn 16$3.2M$2.6M
LiabilitiesLn 26$1.2M$853K
Net assetsLn 32$1.9M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$325K$325K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$9K$9K
Other expenses (24a–d)Ln 24$10$10
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$341K$325K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $289K$218K$72K$1.5M 990 PDF
FY2024 −$26K$244K−$271K$1.6M 990 PDF
FY2023 $53K$169K−$115K$1.6M 990 PDF
FY2022 $189K$181K$8K$1.6M 990 PDF
FY2021 $141K$392K−$250K$1.9M 990 PDF
FY2020 Viewing $150K$341K−$191K$1.8M 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 FY2020 990 (6 parts)
Part I · Summary $149,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $152,998$149,876
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $152,998$149,876
I-13 Grants and similar amounts paidPrior year $650,000$325,000
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 $17,708$15,742
I-18 Total expensesPrior year $667,708$340,742
I-19 Revenue less expensesPrior year −$514,710−$190,866
Part VI · Governance 4 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $149,876 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $9,254$9,254
VIII-7 Net gain or loss on sales of assetsExcluded from tax $140,622$140,622
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $149,876$149,876
Part IX · Statement of functional expenses $340,742 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $325,000$325,000
IX-11c Accounting feesManagement $5,050$5,050
IX-11f Investment management feesManagement $9,467$9,467
IX-24 Other expenses (24a–d)Management $10$10
IX-24e All other expensesManagement $1,215$1,215
IX-25 Total functional expensesPrograms $325,000 · Management $15,742 · Fundraising $0$340,742
Part X · Balance sheet $2,606,505 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $104,272$114,312
X-12 Other securitiesStart of year $3,052,789$2,492,193
X-16 Total assetsStart of year $3,157,061$2,606,505
X-17 Accounts payable and accrued expensesStart of year $5,050$5,050
X-18 Grants payableStart of year $1,110,000$800,000
X-25 Other liabilitiesStart of year $95,561$47,784
X-26 Total liabilitiesStart of year $1,210,611$852,834
X-32 Total net assets or fund balancesStart of year $1,946,450$1,753,671
X-33 Total liabilities and net assetsStart of year $3,157,061$2,606,505
Part XI · Reconciliation of net assets $1,753,671 net assets at year end
XI-1 Total revenue$149,876
XI-2 Total expenses$340,742
XI-3 Revenue less expenses−$190,866
XI-4 Net assets at start of year$1,946,450
XI-5 Net unrealized gains (losses) on investments−$1,913
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,753,671

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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