Nssc Foundation FY2020 filing

Tax-deductible

Northfield, IL501(c)(3)Since 1992EIN 36-3830444

The mission of the nssc foundation through the stewardship and growth of financial assets is to provide financial support now and in the future to the north shore senior center, a not-for-profit organization, in its provision of services for the well-being of older adults.

501(c)(3) charity; gifts are tax-deductible.
87¢ 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
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 $478K a year · 68% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$687K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$541K
Spent
$1.3M
To programs
87%
Net assets
$15.3M
By yearFY2020–FY2024
Revenue
$541K
FY2020
Revenue by fiscal year
FY2020$541K
FY2021$652K
FY2022$1.0M
FY2023$646K
FY2024$639K
FY2024$793K
Expenses
$1.3M
FY2020
Expenses by fiscal year
FY2020$1.3M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.1M
FY2024$955K
Net assets
$15.3M
FY2020
Net assets by fiscal year
FY2020$15.3M
FY2021$18.3M
FY2022$15.5M
FY2023$15.7M
FY2024$16.4M
FY2024$17.4M

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

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1992.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.2M Management & general 13% · $167K

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nssc 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

Grow assets to fund senior center services for older adults' well-being.

Provided by the organization

This section is blank until Nssc Foundation claims this page.

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1 program service account for $1.2M of program spending, described in the organization's own filed words · FY2019.
01

The mission of the NSSC foundation through the stewardship and growth of financial assets is to provide financial support now and in the future to the north shore senior center, a not-for-profit organization, in its provision of services for the well-being of older adults.

$1.2Mprogram 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 8 grants · $5.7M · 2019–2024
North Shore Senior CenterIL · FY2024$780,158
North Shore Senior CenterIL · FY2023$945,362
North Shore Senior CenterIL · FY2022$1,005,214
North Shore Senior CenterIL · FY2021$957,829
North Shore Senior CenterIL · FY2020$748,196
North Shore Senior OptionsIL · FY2020$120,000
North Shore Senior CenterIL · FY2019$934,122
North Shore Senior OptionsIL · FY2019$180,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$541K
Ln 12
Investment incomeLn 3$540K
Gifts and grantsLn 1h$600
Money outPt IX
$1.3M
Ln 25
Programscol B$1.2M
Managementcol C$167K
Owns and owesPt X
$15.3M
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$16.0M
LiabilitiesLn 26$687K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$600
Investment incomeLn 3$540K
Gains on assetsLn 7$17K
Total revenueLn 12$541K
Assets in detailPt X, end of year
SavingsLn 2$111K
Cash and savings togetherLn 1–2$111K
InvestmentsLn 11–13$15.9M
Total assetsLn 16$16.0M
LiabilitiesLn 26$687K
Net assetsLn 32$15.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$57K$111K
InvestmentsLn 11–13$16.4M$15.9M
Total assetsLn 16$16.5M$16.0M
LiabilitiesLn 26$53K$687K
Net assetsLn 32$16.4M$15.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$45K$45K
OccupancyLn 16$6K$6K
Other expenses (24a–d)Ln 24$155K$48K$107K
Total functional expensesLn 25$1.3M$1.2M$167K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $639K$1.1M−$488K$16.4M 990 PDF
FY2023 $646K$1.2M−$547K$15.7M 990 PDF
FY2022 $1.0M$1.2M−$144K$15.5M 990 PDF
FY2021 $652K$1.1M−$423K$18.3M 990 PDF
FY2020 Viewing $541K$1.3M−$788K$15.3M 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 (4 parts)
Part VIII · Statement of revenue $540,523 across 5 lines filed
VIII-1f All other contributions, gifts and grants$600
VIII-1h Total contributions, gifts and grants$600
VIII-3 Investment incomeExcluded from tax $523,055$523,055
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,868$16,868
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $539,923$540,523
Part IX · Statement of functional expenses $1,328,970 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $1,114,122$1,114,122
IX-11c Accounting feesManagement $9,000$9,000
IX-11f Investment management feesManagement $44,676$44,676
IX-16 OccupancyManagement $6,000$6,000
IX-24 Other expenses (24a–d)Programs $48,262 · Management $106,910$155,172
IX-25 Total functional expensesPrograms $1,162,384 · Management $166,586 · Fundraising $0$1,328,970
Part X · Balance sheet $16,032,157 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $56,947$111,179
X-11 Publicly traded securitiesStart of year $4,526,360$4,027,613
X-12 Other securitiesStart of year $11,881,582$11,893,365
X-16 Total assetsStart of year $16,464,889$16,032,157
X-18 Grants payable$540,000
X-25 Other liabilitiesStart of year $52,992$147,314
X-26 Total liabilitiesStart of year $52,992$687,314
X-27 Net assets without donor restrictionsStart of year $10,531,132$9,602,292
X-28 Net assets with donor restrictionsStart of year $5,880,765$5,742,551
X-32 Total net assets or fund balancesStart of year $16,411,897$15,344,843
X-33 Total liabilities and net assetsStart of year $16,464,889$16,032,157
Part XI · Reconciliation of net assets $15,344,843 net assets at year end
XI-1 Total revenue$540,523
XI-2 Total expenses$1,328,970
XI-3 Revenue less expenses−$788,447
XI-4 Net assets at start of year$16,411,897
XI-5 Net unrealized gains (losses) on investments−$183,211
XI-9 Other changes in net assets−$95,396
XI-10 Net assets at end of year$15,344,843

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

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