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Good Counsel Charitable Trust FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1996ReligionEIN 36-4146079Revenue $265K in FY2020

On file with the IRS10161 S Longwood Dr, 60643-2032 · Chicago, ILTax-exempt since May 1997Supporting organization — 509(a)(3)

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The purpose of the organization is to provide for the needs of the province of our mother of Good Counsel of the augustinian order in the furtherance of its corporate purposes to conduct, perform and administer educational and other works of the augustinian order.

501(c)(3) charity; gifts are tax-deductible.
96¢ 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 $81K a year · 22% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$265K
Spent
$468K
To programs
96%
Net assets
$6.8M
By yearFY2020–FY2025
Revenue
$265K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$265K
FY2021$375K
FY2022$202K
FY2023$342K
FY2024$311K
FY2025$708K
Expenses
$468K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$468K
FY2021$213K
FY2022$374K
FY2023$1.1M
FY2024$499K
FY2025$19K
Net assets
$6.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$7.4M
FY2022$6.0M
FY2023$5.8M
FY2024$6.0M
FY2025$7.2M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1997.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $450K Management & general 4% · $18K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ted Berman
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Good Counsel Charitable Trust 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 Augustinian educational and charitable works.

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Provided by the organization

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1 program · $450K · in their own filed words · FY2020
01

Distribution to the provice of our mother of good counsel of the augustinian order to be used as needed by the augustinian order

$450Kprogram 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 · $2.6M · 2020–2024
Province of Our Mother of Good Counsel of the Augustinian OrderIL · FY2024$480,000
Province of Our Mother of Good Counsel of the Augustinian OrderIL · FY2023$1,100,000
Province of Our Mother of Good Counsel of the Augustinian OrderIL · FY2022$350,000
Province of Our Mother of Good Counsel of the Augustinian OrderIL · FY2021$200,000
Province of Our Mother of Good Counsel of the Augustinian OrderIL · FY2020$450,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$265K
Ln 12
Investment incomeLn 3$265K
Money outPt IX
$468K
Ln 25
Programscol B$450K
Managementcol C$18K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$360K
Total assetsLn 16$6.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$265K
Gains on assetsLn 7$191K
Total revenueLn 12$265K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$341K
Cash and savings togetherLn 1–2$360K
InvestmentsLn 11–13$6.4M
Total assetsLn 16$6.8M
LiabilitiesLn 26$0
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$5K$360K
InvestmentsLn 11–13$6.4M$6.4M
Total assetsLn 16$6.5M$6.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.5M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$450K$450K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$15K$15K
Conferences, conventions and meetingsLn 19$20$20
InsuranceLn 23$2K$2K
All other expensesLn 24e$30$30
Total functional expensesLn 25$468K$450K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $708K$19K$689K$7.2M 990 PDF
FY2024 $311K$499K−$187K$6.0M 990 PDF
FY2023 $342K$1.1M−$776K$5.8M 990 PDF
FY2022 $202K$374K−$172K$6.0M 990 PDF
FY2021 $375K$213K$162K$7.4M 990 PDF
FY2020 Viewing $265K$468K−$203K$6.8M 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 $264,602 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $232,384$264,602
I-11 Other revenue$0
I-12 Total revenuePrior year $232,384$264,602
I-13 Grants and similar amounts paidPrior year $650,000$450,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $19,270$18,097
I-18 Total expensesPrior year $669,270$468,097
I-19 Revenue less expensesPrior year −$436,886−$203,495
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $264,602 across 3 lines filed
VIII-3 Investment incomeRelated to mission $74,023$74,023
VIII-7 Net gain or loss on sales of assetsRelated to mission $190,579$190,579
VIII-12 Total revenueRelated to mission $264,602 · Unrelated business $0 · Excluded from tax $0$264,602
Part IX · Statement of functional expenses $468,097 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $450,000$450,000
IX-11c Accounting feesManagement $1,047$1,047
IX-11f Investment management feesManagement $15,000$15,000
IX-19 Conferences, conventions and meetingsManagement $20$20
IX-23 InsuranceManagement $2,000$2,000
IX-24e All other expensesManagement $30$30
IX-25 Total functional expensesPrograms $450,000 · Management $18,097 · Fundraising $0$468,097
Part X · Balance sheet $6,773,711 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year −$37,752$19,109
X-2 Savings and temporary cash investmentsStart of year $42,334$341,025
X-11 Publicly traded securitiesStart of year $6,445,675$6,413,577
X-16 Total assetsStart of year $6,450,257$6,773,711
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,450,257$6,773,711
X-33 Total liabilities and net assetsStart of year $6,450,257$6,773,711
Part XI · Reconciliation of net assets $6,773,711 net assets at year end
XI-1 Total revenue$264,602
XI-2 Total expenses$468,097
XI-3 Revenue less expenses−$203,495
XI-4 Net assets at start of year$6,450,257
XI-5 Net unrealized gains (losses) on investments$526,949
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,773,711

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

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