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Good Counsel Charitable Trust FY2021 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1996Religion EIN 36-4146079Revenue $375K in FY2021Latest return filed May 13, 2026

On file with the IRSChicago, 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.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Plus $7.0M in investments, Pt X · Ln 11–13
Looks good: 23.5 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
$375K
+42% vs prior year
Spent
$213K
To programs
94%
Net assets
$7.4M
By yearFY2020–FY2025
Revenue
$375K
FY2021▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$265K
FY2021$375K
FY2022$202K
FY2023$342K
FY2024$311K
FY2025$708K
Expenses
$213K
FY2021▼ -54%
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
$7.4M
FY2021▲ +9%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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

94 cents of each dollar spent went to programs.

Program services 94% · $200K Management & general 6% · $13K

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

Something off? Claim to add context

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 →

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.

Questions for Good Counsel Charitable Trust

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1 program · $200K · in their own filed words · FY2021
01

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

$200Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$375K
Ln 12
Investment incomeLn 3$375K
Money outPt IX
$213K
Ln 25
Programscol B$200K
Managementcol C$13K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$417K
Total assetsLn 16$7.4M
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$375K
Gains on assetsLn 7$271K
Total revenueLn 12$375K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$406K
Cash and savings togetherLn 1–2$417K
InvestmentsLn 11–13$7.0M
Total assetsLn 16$7.4M
LiabilitiesLn 26$0
Net assetsLn 32$7.4M
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 FY21End FY21
Cash and savingsLn 1–2$360K$417K
InvestmentsLn 11–13$6.4M$7.0M
Total assetsLn 16$6.8M$7.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.8M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200K$200K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$10K$10K
Conferences, conventions and meetingsLn 19$58$58
InsuranceLn 23$2K$2K
All other expensesLn 24e$73$73
Total functional expensesLn 25$213K$200K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $708K$19K$689K$7.2M 990 PDF
FY2024Filed with the IRS Nov 1, 2025 $311K$499K−$187K$6.0M 990 PDF
FY2023Filed with the IRS Aug 3, 2024 $342K$1.1M−$776K$5.8M 990 PDF
FY2022Filed with the IRS May 13, 2023 $202K$374K−$172K$6.0M 990 PDF
FY2021 ViewingFiled with the IRS May 7, 2022 $375K$213K$162K$7.4M 990 PDF
FY2020Filed with the IRS Feb 15, 2022 $265K$468K−$203K$6.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $374,808 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $264,602$374,808
I-11 Other revenue$0
I-12 Total revenuePrior year $264,602$374,808
I-13 Grants and similar amounts paidPrior year $450,000$200,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $18,097$13,142
I-18 Total expensesPrior year $468,097$213,142
I-19 Revenue less expensesPrior year −$203,495$161,666
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 $374,808 across 3 lines filed
VIII-3 Investment incomeRelated to mission $103,695$103,695
VIII-7 Net gain or loss on sales of assetsRelated to mission $271,113$271,113
VIII-12 Total revenueRelated to mission $374,808 · Unrelated business $0 · Excluded from tax $0$374,808
Part IX · Statement of functional expenses $213,142 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $200,000$200,000
IX-11c Accounting feesManagement $1,011$1,011
IX-11f Investment management feesManagement $10,000$10,000
IX-19 Conferences, conventions and meetingsManagement $58$58
IX-23 InsuranceManagement $2,000$2,000
IX-24e All other expensesManagement $73$73
IX-25 Total functional expensesPrograms $200,000 · Management $13,142 · Fundraising $0$213,142
Part X · Balance sheet $7,390,637 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $19,109$10,961
X-2 Savings and temporary cash investmentsStart of year $341,025$405,942
X-11 Publicly traded securitiesStart of year $6,413,577$6,973,734
X-16 Total assetsStart of year $6,773,711$7,390,637
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $6,773,711$7,390,637
X-32 Total net assets or fund balancesStart of year $6,773,711$7,390,637
X-33 Total liabilities and net assetsStart of year $6,773,711$7,390,637
Part XI · Reconciliation of net assets $7,390,637 net assets at year end
XI-1 Total revenue$374,808
XI-2 Total expenses$213,142
XI-3 Revenue less expenses$161,666
XI-4 Net assets at start of year$6,773,711
XI-5 Net unrealized gains (losses) on investments$455,260
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,390,637

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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