Stefanis Childrens Foundation FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Crime & LegalEIN 36-4084040Revenue $12K in FY2020

On file with the IRS640 N La Salle Dr Ste 590, 60654-3731 · Chicago, ILTax-exempt since Dec 1996Publicly supported charity — 170(b)(1)(A)(vi)

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The organization sponsors a charity golf outing which net proceeds are donated to charities.

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

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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $74K a year · 1213% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 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
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12K
Spent
$160K
To programs
99%
Net assets
$143K
By yearFY2020–FY2022
Revenue
$12K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$12K
FY2021$5K
FY2022$1K
Expenses
$160K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$160K
FY2021$39K
FY2022$42K
Net assets
$143K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$143K
FY2021$110K
FY2022$72K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Dec 1996.

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% · $159K Management & general 1% · $841

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Stefanis Childrens 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Sponsors charity golf outings, donating net proceeds to other charities.

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Provided by the organization

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1 program · $159K · in their own filed words · FY2020
01

The organization sponsors a charity golf outing from which net profits are donated to various organized charities. Due to the COVID-19 pandemic, no golf outing was held in 2020. Instead, funds were paid to a catering company to provide food to frontline workers.

$159Kprogram 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 · 5 grants · $166K · 2020–2022
Unitemized GrantFY2021$6,454
Unitemized GrantFY2020$133,434
Cradles to Crayons INCMA · FY2020$6,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$12K
Ln 12
Gifts and grantsLn 1h$12K
Investment incomeLn 3$8
Money outPt IX
$160K
Ln 25
Programscol B$159K
Managementcol C$841
Owns and owesPt X
$143K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$143K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Investment incomeLn 3$8
Gains on assetsLn 7$0
Total revenueLn 12$12K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$24K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$143K
LiabilitiesLn 26$0
Net assetsLn 32$143K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$39K$24K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$292K$143K
LiabilitiesLn 26$0$0
Net assetsLn 32$292K$143K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$26K$26K
Grants to domestic individualsLn 2$133K$133K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$311$0$311$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$530$530
Total functional expensesLn 25$160K$159K$841$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $1K$42K−$41K$72K 990 PDF
FY2021 $5K$39K−$34K$110K 990 PDF
FY2020 Viewing $12K$160K−$148K$143K 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 $12,083 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $122,034$12,075
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,691$8
I-11 Other revenuePrior year −$4,388$0
I-12 Total revenuePrior year $120,337$12,083
I-13 Grants and similar amounts paidPrior year $62,677$159,484
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 $13,449$841
I-18 Total expensesPrior year $76,126$160,325
I-19 Revenue less expensesPrior year $44,211−$148,242
Part VI · Governance 0 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $12,083 across 8 lines filed
VIII-1f All other contributions, gifts and grants$12,075
VIII-1h Total contributions, gifts and grants$12,075
VIII-3 Investment incomeExcluded from tax $8$8
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $8$12,083
Part IX · Statement of functional expenses $160,325 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $26,050$26,050
IX-2 Grants to domestic individualsPrograms $133,434$133,434
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $0 · Management $311 · Fundraising $0$311
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $530$530
IX-25 Total functional expensesPrograms $159,484 · Management $841 · Fundraising $0$160,325
Part X · Balance sheet $143,466 assets, 22 lines filed
Asset lines not itemized here account for $119,197; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $13,552$13,736
X-2 Savings and temporary cash investmentsStart of year $25,525$10,533
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $291,708$143,466
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $291,708$143,466
X-33 Total liabilities and net assetsStart of year $291,708$143,466
Part XI · Reconciliation of net assets $143,466 net assets at year end
XI-1 Total revenue$12,083
XI-2 Total expenses$160,325
XI-3 Revenue less expenses−$148,242
XI-4 Net assets at start of year$291,708
XI-10 Net assets at end of year$143,466

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

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