Illinois Joining Forces Foundation EIN 47-2152382

Illinois Joining Forces Foundation

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Connects veterans and military families with essential services across Illinois. For fiscal year 2024 it reported $1.2M in revenue, $913K in expenses, and $1.8M in net assets.Pt I

Founded
2014
Type
Public charity (501(c)(3)) · Human Services
Location
Chicago, IL
Website
illinoisjoiningforces.org
Filings
5 on file (2020–2024)
Revenue
$1.2MFY2024
Expenses
$913K
Net assets
$1.8M
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-2152382 Public charity (501(c)(3)) Chicago, IL Founded 2014
Form 990 (PDF)
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Size
$1–10M
What they do
Connects veterans and military families with essential services across Illinois.
Leadership
Megan Everett · Executive Di · $130K
Money in and out
$1.2M revenue, $913K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$913K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $303K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +56% vs prior filing year
Operating runway
17.7mo
months of highly liquid reserves at operating expense rate▲ +62% vs prior filing year
Surplus margin
+25%
revenue over expenses, this year▼ -45% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▼ -37%
Expenses
$913K
FY2024▼ -14%
Total assets
$2.0M
FY2024▲ +4%
Total liabilities
$154K
FY2024▼ -60%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$913K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$303K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $848K of program spending, described in the organization's own filed words · FY2024.
01

To provide employees' salaries for continuing operations.

$546Kprogram expense
02

Consulting services expenses to help maintain the goals, direction, and growth of contributions towards helping service members, veterans, and their families.

$230Kprogram expense
03

To contribute to other organizations that support veterans.

$72Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIllinois Joining Forces Foundation
EINHdr · item D47-2152382
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jillinoisjoiningforces.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$130,000Pt VII · Sec A
Vice Chairpe
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Megan Everett’s $130K as Executive Di is at the 62nd percentile of top reported officer pay among 3864 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2020
Brenda Osuch$133,333$151,541
Megan Everett$130,000
Brenda Osuch$110,000
Steve Curda$76,157

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$643K · 53%
Contributions & grants$369K · 30%
Other revenue$175K · 14%
Investment income$29K · 2%
Program service revenue53%$643K
Contributions & grants30%$369K
Other revenue14%$175K
Investment income2%$29K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$869K
Management & general5%$44K
Total functional expensesLn 25$913K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$2.0M
Total liabilitiesLn 26$154K
Total net assetsLn 32$1.8M
Months of cash on handcomputed17.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $913K
17.7 months
Where the money goes
Program services
Program services $869K · Total expenses $913K
95%
Management & General
Management & general $44K · Total expenses $913K
5%
Fundraising
Fundraising $0 · Total expenses $913K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.0M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $369K · Total revenue $1.2M
30%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $643K · Total revenue $1.2M
53%
Investment reliance
Investment income $29K · Total revenue $1.2M
+2%
Program self-sufficiency
Program service revenue $643K · Total expenses $913K
70%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $1.9M
-37%
Revenue CAGR
FY2019 $375K · FY2024 $1.2M
+27%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $913K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $1.8M · Total assets $2.0M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Megan Everett · Reported title EXECUTIVE DI · Highest reported compensation $130K · Total expenses $913K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $741K · Total expenses $913K
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth -37%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 5 grants · $110K · 2022–2022
University Behavioral Health CareFY2022$45,867
McCormick FoundationAL · FY2022$29,167
Unitemized GrantFY2022$14,703
HiltonFY2022$10,000
United Relief FoundationIL · FY2022$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.9M revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$313K revenue · ⤓ 990 PDF
FY2021$850K revenue · ⤓ 990 PDF
FY2020$375K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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