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Glickman Foundation FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)EIN 36-3857009

The Foundation is exclusively organized to foster, promote, support, develop, encourage and maintain the broad charitable, educational, and/or religious purpose or functions as authorized by the charter of the Jewish Federation of Metropolitan Chicago and the by-laws of the Foundation.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 $392K a year · 105% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
49 mo
of spending, in cash
Looks good: 48.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$604K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$278K
+113% vs prior year
Spent
$554K
To programs
99%
Net assets
$14.8M
By yearFY2020–FY2025
Revenue
$278K
FY2023▲ +113%
Revenue by fiscal year
FY2020$378K
FY2021$120K
FY2022$131K
FY2023$278K
FY2024$1.0M
FY2025$313K
Expenses
$554K
FY2023▲ +435%
Expenses by fiscal year
FY2020$1.8M
FY2021$903K
FY2022$104K
FY2023$554K
FY2024$574K
FY2025$703K
Net assets
$14.8M
FY2023▲ +13%
Net assets by fiscal year
FY2020$12.5M
FY2021$14.3M
FY2022$13.1M
FY2023$14.8M
FY2024$16.9M
FY2025$18.4M

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Apr 1993.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $550K Management & general 1% · $4K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
James a Pinkston
Assistant Treasurer
$0Pt VII · Sec A
Peter Chiswick
Assistant Treasurer
$0Pt VII · Sec A
Rose Jagust
Secretary
$0Pt VII · Sec A
See Glickman 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

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

Provided by the organization

This section is blank until Glickman Foundation claims this page.

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1 program service account for $550K of program spending, described in the organization's own filed words · FY2022.
01

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

$550Kprogram 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 · this organization's grantmaking
Grants paid · 20 grants · $4.6M · 2019–2024
Jewish United Fund of Metropolitan ChicagoIL · FY2024$350,000
American Jewish Joint Distribution Committee INCNY · FY2024$200,000
Jewish Federation of Metropolitan ChicagoIL · FY2024$150,000
Jewish United Fund of Metropolitan ChicagoIL · FY2023$350,000
Jewish Federation of Metropolitan ChicagoIL · FY2023$100,000
Hillel of San DiegoCA · FY2023$100,000
The Jewish Federations of North America INCNY · FY2023$20,000
Jewish United Fund of Metropolitan ChicagoIL · FY2022$300,000
Jewish Federation of Metropolitan ChicagoIL · FY2022$100,000
American Jewish Joint Distribution Committee INCNY · FY2022$100,000
Hillel of San DiegoCA · FY2022$50,000
Jewish United Fund of Metropolitan ChicagoIL · FY2021$50,000
American Jewish Joint Distribution Committee INCNY · FY2021$50,000
American Jewish Joint Distribution Committee INCNY · FY2020$750,000
Jewish Federation of Metropolitan ChicagoIL · FY2020$100,000
Jewish United Fund of Metropolitan ChicagoIL · FY2020$50,000
American Jewish Joint Distribution Committee INCNY · FY2019$900,000
The Jewish Federations of North America INCNY · FY2019$550,000
See all 20 grants →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$278K
Ln 12
Investment incomeLn 3$278K
Money outPt IX
$554K
Ln 25
Programscol B$550K
Managementcol C$4K
Owns and owesPt X
$14.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$15.4M
LiabilitiesLn 26$604K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$278K
Total revenueLn 12$278K
Assets in detailPt X, end of year
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$13.1M
Total assetsLn 16$15.4M
LiabilitiesLn 26$604K
Net assetsLn 32$14.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
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 FY23End FY23
Cash and savingsLn 1–2$2.9M$2.3M
InvestmentsLn 11–13$11.0M$13.1M
Total assetsLn 16$13.9M$15.4M
LiabilitiesLn 26$754K$604K
Net assetsLn 32$13.1M$14.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$550K$550K
Accounting feesLn 11c$4K$4K
Other expenses (24a–d)Ln 24$10$10
Total functional expensesLn 25$554K$550K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $313K$703K−$390K$18.4M 990 PDF
FY2024 $1.0M$574K$445K$16.9M 990 PDF
FY2023 Viewing $278K$554K−$275K$14.8M 990 PDF
FY2022 $131K$104K$27K$13.1M 990 PDF
FY2021 $120K$903K−$783K$14.3M 990 PDF
FY2020 $378K$1.8M−$1.4M$12.5M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $278,266 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $278,266$278,266
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $278,266$278,266
Part IX · Statement of functional expenses $553,610 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $550,000$550,000
IX-11c Accounting feesManagement $3,600$3,600
IX-24 Other expenses (24a–d)Management $10$10
IX-25 Total functional expensesPrograms $550,000 · Management $3,610 · Fundraising $0$553,610
Part X · Balance sheet $15,382,804 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,877,879$2,257,239
X-12 Other securitiesStart of year $10,977,024$13,125,565
X-16 Total assetsStart of year $13,854,903$15,382,804
X-17 Accounts payable and accrued expensesStart of year $3,550$3,600
X-18 Grants payableStart of year $750,000$600,000
X-26 Total liabilitiesStart of year $753,550$603,600
X-27 Net assets without donor restrictionsStart of year $13,101,353$14,779,204
X-32 Total net assets or fund balancesStart of year $13,101,353$14,779,204
X-33 Total liabilities and net assetsStart of year $13,854,903$15,382,804
Part XI · Reconciliation of net assets $14,779,204 net assets at year end
XI-1 Total revenue$278,266
XI-2 Total expenses$553,610
XI-3 Revenue less expenses−$275,344
XI-4 Net assets at start of year$13,101,353
XI-5 Net unrealized gains (losses) on investments$1,953,195
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,779,204

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

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