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Brad Sethness Foundation EIN 83-2683469 Form 990 (PDF) Claim this org

Brad Sethness Foundation

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A private foundation based in Northbrook, IL. It reported about $304K in revenue for 2025. For fiscal year 2025 it reported $304K in revenue, $315K in expenses, and $3.9M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Northbrook, IL
Filings
6 on file (2020–2025)
Revenue
$304KFY2025
Expenses
$315K
Net assets
$3.9M
People
4
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-2683469 Private foundation / grantmaker Northbrook, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Northbrook, IL. It reported about $304K in revenue for 2025.
Leadership
Randall Romei · Secretary/Dir
Money in and out
$304K revenue, $315K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$304K
Pt VIII · Ln 12
Total expenses
$315K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Total assets
3.9M
deployed as grants and operations
Grants paid
243K
in FY2025
Grants made
21grants
total in period
Payout rate
6%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 21 grants · $243K · 2025–2025
St Judes Children's Research HospitFY2025$28,000
Hatcher Alpine ExperienceFY2025$25,000
YWCAFY2025$20,000
Bean's Cafe the Childrens LunchboxFY2025$20,000
Paul B Sharar FoundationFY2025$15,000
Hatcher Pass Avalanche CenterFY2025$15,000
Friends of Chugach Avalanche CenterFY2025$10,000
Challenge AlaskaFY2025$10,000
Matsu Food BankFY2025$10,000
Underdog Pet Rescue of WisconsinFY2025$10,000
United Negro College FundFY2025$10,000
Vilas Food PantryFY2025$10,000
St Vincent Depaul Society-IronwoodFY2025$10,000
Eagle River RotaryFY2025$10,000
Bob Finch Memorial FundFY2025$10,000
Alaska Farmland TrustFY2025$5,000
Blue Ridge SchoolFY2025$5,000
Clinton Symphony OrchestraFY2025$5,000
See all 21 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$12K
Median grantPart XV$10K
Largest grantPart XV$28K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$304K
FY2025▲ +79%
Expenses
$315K
FY2025▼ -9%
Total assets
$3.9M
FY2025-0.3%
Total liabilities
$0
FY2025
Total revenue
$304K
Pt VIII · Ln 12
Total expenses
$315K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Total assetsPt II$3.9M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrad Sethness Foundation
EINHdr · item D83-2683469
Principal addressHdr · item CNorthbrook, IL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFAug 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Randall Romei
Secretary/Dir
$0Pt VII · Sec A
Daniel B Sethness
President/Dir
$0Pt VII · Sec A
Marilyn B Sethness
Vice Pres/Dir
$0Pt VII · Sec A
Marina M Sethness
Treasurer/Dir
$0Pt VII · Sec A
See Brad Sethness Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$304K
Total revenueLn 12$304K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.77 Operating & administrative $0.23
Grants & contributions paid77%$243K
Operating & administrative23%$72K
Total functional expensesLn 25$315K

Balance Sheet

Part X · end of year
CashLn 1$86K
Total assetsLn 16$3.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$3.9M
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $3.9M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $304K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $304K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $304K · Prior year $170K
+79%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $304K · Expenses $315K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $3.9M
—
Net-asset ratio
Net assets $3.9M · Total assets $3.9M
100%
People & payroll
Highest Reported Total Compensation
Individual Randall Romei · Reported title SECRETARY/DIR · Highest reported compensation $0 · Total expenses $315K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 79%——

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.

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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
FY2025 (Latest)$304K revenue · viewing · ⤓ 990 PDF
FY2024$170K revenue · ⤓ 990 PDF
FY2023$135K revenue · ⤓ 990 PDF
FY2022$143K revenue · ⤓ 990 PDF
FY2021$304K revenue · ⤓ 990 PDF
FY2020$-13K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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