Tonys Charitable Foundation FY2024 filing

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Caring for and curing the future of chicagoland.

501(c)(3) charity; gifts are tax-deductible.
36¢ of each $1 spent went to programs.
$42K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $131K a year · 43% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
36%
of spending
Concern: 36% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
36 mo
of spending, in cash
Looks good: 36.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$161K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
-21% vs prior year
Spent
$242K
To programs
36%
Net assets
$691K
By yearFY2021–FY2025
Revenue
$312K
FY2024▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2021$309K
FY2022$218K
FY2023$394K
FY2024$312K
FY2025$271K
Expenses
$242K
FY2024▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2021$122K
FY2022$149K
FY2023$183K
FY2024$242K
FY2025$155K
Net assets
$691K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2021$341K
FY2022$410K
FY2023$621K
FY2024$691K
FY2025$807K

From the FY2024 Form 990 (year ending March 2024) · see the original

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You’re viewing the FY2024 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 Feb 2019.

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

Where the money goes

36 cents of each dollar spent went to programs.

Program services 36% · $87K Management & general 38% · $92K Fundraising 26% · $63K

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

7 people listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$42,293Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

James Marnos’s $71K as Director is at the 63rd percentile of top reported officer pay among 1992 $100K–1M youth development 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 · 1 named individual · Part VII

NameFY2025FY2024
James Marnos$71,010$42,293

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.

See Tonys Charitable Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides care and cures for the future of Chicagoland.

Questions for Tonys Charitable Foundation

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1 program · $87K · in their own filed words · FY2023
01

Various contributions are made to other organizations in the local community with a similar mission and program activities to support the mission of the foundation.

$87Kprogram 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 · 8 grants · $127K · 2020–2024
Berwyn City HallFY2024$8,000
The Beacon Place NfpIL · FY2024$6,000
Chicago Community TrustCO · FY2020$50,000
Unitemized GrantFY2020$20,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Other incomeLn 4–11$219K
Gifts and grantsLn 1h$93K
Money outPt IX
$242K
Ln 25
Programscol B$87K
Managementcol C$92K
Fundraisingcol D$63K
Owns and owesPt X
$691K
net assets · Ln 32
Cash and savingsLn 1–2$728K
Total assetsLn 16$853K
LiabilitiesLn 26$161K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$93K
Fundraising eventsLn 1c$86K
Other incomeLn 4–11$219K
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$728K
Cash and savings togetherLn 1–2$728K
Accounts receivableLn 4$124K
Total assetsLn 16$853K
LiabilitiesLn 26$161K
Net assetsLn 32$691K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$614K$728K
Total assetsLn 16$639K$853K
LiabilitiesLn 26$18K$161K
Net assetsLn 32$621K$691K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$87K$87K
Pay of current officers, directors and key staffLn 5$61K$61K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$3K$3K
Legal feesLn 11b$938$938
Accounting feesLn 11c$14K$14K
Office expensesLn 13$7K$7K
Other expenses (24a–d)Ln 24$63K$63K
Total functional expensesLn 25$242K$87K$92K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 13, 2026 $271K$155K$116K$807K 990 PDF
FY2024 ViewingFiled with the IRS Feb 4, 2025 $312K$242K$70K$691K 990 PDF
FY2023Filed with the IRS Jan 17, 2024 $394K$183K$212K$621K 990 PDF
FY2022Filed with the IRS Feb 10, 2023 $218K$149K$69K$410K 990 PDF
FY2021Filed with the IRS Aug 10, 2021 $309K$122K$187K$341K 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 FY2024 990 (6 parts)
Part I · Summary $312,269 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $139,368$92,789
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $254,996$219,480
I-12 Total revenuePrior year $394,364$312,269
I-13 Grants and similar amounts paidPrior year $67,304$87,450
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$66,192
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $115,247$88,622
I-18 Total expensesPrior year $182,551$242,264
I-19 Revenue less expensesPrior year $211,813$70,005
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $312,269 across 5 lines filed
VIII-1c Fundraising events$85,500
VIII-1f All other contributions, gifts and grants$7,289
VIII-1h Total contributions, gifts and grants$92,789
VIII-8 Net income from fundraising eventsExcluded from tax $219,480$219,480
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $219,480$312,269
Part IX · Statement of functional expenses $242,264 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $87,450$87,450
IX-5 Pay of current officers, directors and key staffManagement $61,410$61,410
IX-10 Payroll taxesManagement $4,782$4,782
IX-11a Management feesManagement $3,340$3,340
IX-11b Legal feesManagement $938$938
IX-11c Accounting feesManagement $14,450$14,450
IX-13 Office expensesManagement $7,286$7,286
IX-24 Other expenses (24a–d)Fundraising $62,608$62,608
IX-25 Total functional expensesPrograms $87,450 · Management $92,206 · Fundraising $62,608$242,264
Part X · Balance sheet $852,550 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $613,551$728,369
X-4 Accounts receivableStart of year $25,616$124,181
X-16 Total assetsStart of year $639,167$852,550
X-17 Accounts payable and accrued expensesStart of year $17,794$64,470
X-19 Deferred revenue$96,702
X-26 Total liabilitiesStart of year $17,794$161,172
X-27 Net assets without donor restrictionsStart of year $621,373$691,378
X-32 Total net assets or fund balancesStart of year $621,373$691,378
X-33 Total liabilities and net assetsStart of year $639,167$852,550
Part XI · Reconciliation of net assets $691,378 net assets at year end
XI-1 Total revenue$312,269
XI-2 Total expenses$242,264
XI-3 Revenue less expenses$70,005
XI-4 Net assets at start of year$621,373
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$691,378

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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