Igrb Foundation FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Foundations & GrantmakersEIN 36-4018186Revenue $736 in FY2020

On file with the IRS30 South Wells Street 4049, 60606-5054 · Chicago, ILTax-exempt since Aug 1995

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The Foundation is exclusively organized to foster, promote, support, develop, encourage and maintain a specific charitable, educational or religious purpose or function of, or as authorized in the charter of, the Jewish Federation of Metropolition Chicago.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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 surplus $4.4M a year · 77% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
97 mo
of spending, in cash
Plus $1.9M in investments, Pt X · Ln 11–13
Looks good: 96.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$736
Spent
$6K
To programs
0%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$736
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$736
FY2021$9.4M
FY2022$122K
FY2023$24.1M
FY2024$198K
FY2025$234K
Expenses
$6K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6K
FY2021$82K
FY2022$1.5M
FY2023$3.2M
FY2024$2.1M
FY2025$960K
Net assets
$1.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$12.4M
FY2022$9.9M
FY2023$29.9M
FY2024$30.6M
FY2025$31.8M

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

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 Aug 1995.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $6K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Vice President & Secretary
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Igrb 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 and develops charitable, educational, and religious purposes for the Jewish Federation of Metropolitan Chicago.

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Provided by the organization

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1 program · in their own filed words · FY2019
01

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

Pt IX · col B

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 · 92 grants · $7.5M · 2020–2024
See all 92 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$736
Ln 12
Investment incomeLn 3$736
Money outPt IX
$6K
Ln 25
Managementcol C$6K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$47K
Total assetsLn 16$1.9M
LiabilitiesLn 26$6K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$736
Total revenueLn 12$736
Assets in detailPt X, end of year
SavingsLn 2$47K
Cash and savings togetherLn 1–2$47K
InvestmentsLn 11–13$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$6K
Net assetsLn 32$1.9M
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$52K$47K
InvestmentsLn 11–13$1.9M$1.9M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$6K$6K
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K$6K
Other expenses (24a–d)Ln 24$10$10
Total functional expensesLn 25$6K$0$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $234K$960K−$726K$31.8M 990 PDF
FY2024 $198K$2.1M−$1.9M$30.6M 990 PDF
FY2023 $24.1M$3.2M$20.9M$29.9M 990 PDF
FY2022 $122K$1.5M−$1.4M$9.9M 990 PDF
FY2021 $9.4M$82K$9.4M$12.4M 990 PDF
FY2020 Viewing $736$6K−$5K$1.9M 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 FY2020 990 (6 parts)
Part I · Summary $736 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 $6,334$736
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,334$736
I-13 Grants and similar amounts paidPrior year $0$0
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 $5,810$5,810
I-18 Total expensesPrior year $5,810$5,810
I-19 Revenue less expensesPrior year $524−$5,074
Part VI · Governance 6 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $736 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $736$736
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $736$736
Part IX · Statement of functional expenses $5,810 across 2 lines filed
IX-11c Accounting feesManagement $5,800$5,800
IX-24 Other expenses (24a–d)Management $10$10
IX-25 Total functional expensesPrograms $0 · Management $5,810 · Fundraising $0$5,810
Part X · Balance sheet $1,933,585 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $51,850$46,773
X-11 Publicly traded securitiesStart of year $1,865,412$1,886,812
X-16 Total assetsStart of year $1,917,262$1,933,585
X-17 Accounts payable and accrued expensesStart of year $5,800$5,800
X-26 Total liabilitiesStart of year $5,800$5,800
X-32 Total net assets or fund balancesStart of year $1,911,462$1,927,785
X-33 Total liabilities and net assetsStart of year $1,917,262$1,933,585
Part XI · Reconciliation of net assets $1,927,785 net assets at year end
XI-1 Total revenue$736
XI-2 Total expenses$5,810
XI-3 Revenue less expenses−$5,074
XI-4 Net assets at start of year$1,911,462
XI-5 Net unrealized gains (losses) on investments$21,397
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,927,785

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

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