Pert Foundation EIN 81-0585993

Pert Foundation FY2023 filing

EIN  81-0585993 Supporting organization Chicago, IL Founded 2002
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Supports and carries out charitable activities and vital human/educational services.
Leadership
Andrea Saenz · President and Director
Money in and out
$13K revenue, $9K expenses
Bottom line
+29% net inflow

Supports and carries out charitable activities and vital human/educational services. For fiscal year 2023 it reported $13K in revenue, $9K in expenses, and $408K in net assets.Pt I

Money in and out · FY2023
Total revenue
$13K
Pt VIII · Ln 12
Total expenses
$9K
Pt IX · Ln 25
Net assets
$408K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Where spending went · Part IX cols B–D
Program services $0.27 Management & general $0.73
Net inflow
+29%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
27%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$13K
FY2023▼ -98%
Expenses
$9K
FY2023▼ -100%
Total assets
$429K
FY2023▲ +13%
Total liabilities
$21K
FY2023▲ +51%
Total revenue
$13K
Pt VIII · Ln 12
Total expenses
$9K
Pt IX · Ln 25
Net assets
$408K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$429K
Program-expense ratioPt IX · col B27%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $2K of program spending, described in the organization's own filed words · FY2022.
01

The PERT Foundation is organized and operated to foster, support, develop, and maintain charitable activities and vital human and educational services by supporting and carrying out the charitable purposes of The Chicago Community Trust and The Chicago Community Foundation by such means as the board of directors of the organization may…

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPert Foundation
EINHdr · item D81-0585993
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2002
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFFeb 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President and Director
$0Pt VII · Sec A
VP and Director (until 01/23)
$0Pt VII · Sec A
Director (until 01/23)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A
Former President and Director
$0Pt VII · Sec A
See Pert Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$13K
Other revenue$17
Total revenueLn 12$13K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.27 Management & general $0.73
Program services27%$2K
Management & general73%$7K
Total functional expensesLn 25$9K

Balance Sheet

Part X · end of year
CashLn 1$33K
Total assetsLn 16$429K
Total liabilitiesLn 26$21K
Total net assetsLn 32$408K
Months of cash on handcomputed42.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $429K · Operating expenses/yr $9K
553.1 months
Where the money goes
Program services
Program services $2K · Total expenses $9K
27%
Management & General
Management & general $7K · Total expenses $9K
73%
Fundraising
Fundraising $0 · Total expenses $9K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $13K
0%
Government reliance
Government grants — · Total revenue $13K
Earned-income share
Program service revenue $0 · Total revenue $13K
0%
Investment reliance
Investment income $13K · Total revenue $13K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $9K
0%
Growth & trend
Revenue growth (YoY)
This year $13K · Prior year $791K
-98%
Net-asset trend (YoY)
End of year $408K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $13K · Expenses $9K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $429K
Net-asset ratio
Net assets $408K · Total assets $429K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $396K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $429K
92%
People & payroll
Highest Reported Total Compensation
Individual Andrea Saenz · Reported title President and Director · Highest reported compensation $0 · Total expenses $9K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $9K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 27%
Overhead ratio 73%
Revenue growth -98%
Investment management fee ratio 1%

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 · this organization's grantmaking
Grants paid · 80 grants · $328.5M · 2019–2023
Chicago Community FoundationIL · FY2023$318,021,564
Chicago Community FoundationIL · FY2021$2,125,000
The Chicago Community TrustIL · FY2021$450,000
Tides FoundationCA · FY2021$300,000
Crossroads Fund INCIL · FY2021$300,000
Chicago Public Media INCIL · FY2021$50,000
Illinois Arts AllianceIL · FY2021$50,000
Chicago Humanities FestivalIL · FY2021$50,000
Audience Architects NfpIL · FY2021$30,000
Trillium ArtsNC · FY2021$25,000
Blues Kids FoundationIL · FY2021$20,000
Edward G Irvin FoundationIL · FY2021$20,000
See all 80 grants →

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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 (Latest)$311.7M revenue · ⤓ 990 PDF
FY2023$13K revenue · viewing · ⤓ 990 PDF
FY2022$791K revenue · ⤓ 990 PDF
FY2021$887K revenue · ⤓ 990 PDF
FY2020$-79K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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