Helmsmanship INC

EIN 83-2845371 Private foundation / grantmaker Chicago, IL

Form 990 (PDF) Compare with another nonprofit →

Is this your organization?

Claim this profile to manage it and share your story.

Claim

Provided by the organization

This section is blank until Helmsmanship INC claims this page.

Know this organization? Claim it to add your story

Size

<$100K

What they do

A private foundation based in Chicago, IL. It reported about $53K in revenue for 2025.

Leadership

John G Crowley · Pres/Member/Director

Money in and out

$53K revenue, $101K expenses

Bottom line

—

A private foundation based in Chicago, IL. It reported about $53K in revenue for 2025. For fiscal year 2025 it reported $53K in revenue, $101K in expenses, and $513K in net assets.Pt I

Grants paid & assets · FY2025

Total revenue

$53K

Pt VIII · Ln 12

Total expenses

$101K

Pt IX · Ln 25

Net assets

$513K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$49K

Total assets

513K

deployed as grants and operations

Grants paid

95K

in FY2025

Grants made

24grants

total in period

Payout rate

19%

of assets (5% rule)

Who They Fund

Part XV · grants paid · 24 grants · $95K · 2025–2025

Se Side Exp IncubatorFY2025$17,500

St Paul Catholic ChurchFY2025$10,000

Chicago Maritime Arts CenerFY2025$10,000

Greater Chicago Food DepositoryFY2025$8,000

Chicago Yacht Club FoundatonFY2025$7,600

St Ignatius High SchoolFY2025$5,000

St Ann SchoolFY2025$5,000

Salvation ArmyFY2025$4,000

Var Misc Organized CharitiesFY2025$3,046

Jackson Park Yacht Club Sailing SchoolFY2025$3,000

Chicago Training CenterFY2025$3,000

Meals on Wheels ChicagoFY2025$2,500

Friends of the Chicago RiverFY2025$2,500

Canal Corridor AssociationFY2025$2,500

Recovery on WaterFY2025$2,500

South Chicago Parents and FriendsFY2025$2,000

Shedd AquariumFY2025$1,500

Chicago Police Sailing AssocFY2025$1,500

See all 24 grants →

Grantmaking Profile

Patterns in foundation giving

Average grantPart XV$4K

Median grantPart XV$2K

Largest grantPart XV$18K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF

Revenue

$53K

FY2025▼ -86%

Expenses

$101K

FY2025▲ +25%

Total assets

$513K

FY2025▼ -9%

Total liabilities

FY2025

Total revenue

$53K

Pt VIII · Ln 12

Total expenses

$101K

Pt IX · Ln 25

Net assets

$513K

Pt X · Ln 32

Total assetsPt II$513K

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CHelmsmanship INC

EINHdr · item D83-2845371

Principal addressHdr · item CChicago, IL

WebsiteHdr · item Jnone reported

State of legal domicileHdr · item MIL

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFHuman Services (P12)

Ruling yearIRS BMFNov 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

John G Crowley

Pres/Member/Director

$0Pt VII · Sec A

Kenneth a Kelly

Director

$0Pt VII · Sec A

Peter E Goschi

Secretary/Director

$0Pt VII · Sec A

See Helmsmanship INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII

Investment income100%$53K

Total revenueLn 12$53K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

94%

Grants & contributions paid $0.94 Operating & administrative $0.06

Grants & contributions paid94%$95K

Operating & administrative6%$6K

Total functional expensesLn 25$101K

Balance Sheet

Part X · end of year

CashLn 1$30K

Total assetsLn 16$513K

Total liabilitiesLn 26$0

Total net assetsLn 32$513K

Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it

Liquidity & Payout

Payout rate

Grants paid $0 · Total assets $513K

Where the money comes from

Contribution dependence

Contributions & grants — · Total revenue $53K

—

Government reliance

not reported

Earned-income share

not reported

Investment reliance

Investment income $0 · Total revenue $53K

Program self-sufficiency

not reported

Growth & trend

Revenue growth (YoY)

This year $53K · Prior year $380K

-86%

Revenue CAGR

FY2020 $34K · FY2025 $53K

+9%

Net-asset trend (YoY)

End of year $513K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $53K · Expenses $101K

-93%

Liabilities-to-Assets

Total liabilities — · Total assets $513K

—

Net-asset ratio

Net assets $513K · Total assets $513K

100%

People & payroll

Highest Reported Total Compensation

Individual John G Crowley · Reported title PRES/MEMBER/DIRECTOR · Highest reported compensation $0 · Total expenses $101K

Personnel share

not reported

Peer comparison

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

Metric	This org	Peer median	Percentile
Revenue growth	-86%	—	—

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.

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$53K revenue · viewing · ⤓ 990 PDF

FY2024$380K revenue · ⤓ 990 PDF

FY2023$-3K revenue · ⤓ 990 PDF

FY2022$217K revenue · ⤓ 990 PDF

FY2021$31K revenue · ⤓ 990 PDF

FY2020$34K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2025IRS

Classification, formation year, addressIRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization