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Tr Preserve Corp

Not tax-deductible

Chicago, ILMutual-benefit / member-servingCommunity Development EIN 90-0885608Revenue $3.0M in FY2025Latest return filed Mar 26, 2026

On file with the IRSChicago, ILTax-exempt since Aug 2014

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To hold title to property, collect income and remit net income to the teachers retirement system of illinois, its sole shareholder.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 90-0885608) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.0M a year · 100% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Liabilities
$77.3M
48% of total assets
Liabilities are 48% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$3.0M
-11% vs prior year
Spent
$0
Net assets
$83.5M
By yearFY2020–FY2025
Revenue
$3.0M
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$3.9M
FY2022$5.0M
FY2023$3.9M
FY2024$3.4M
FY2025$3.0M
Expenses
$0
FY2025
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Net assets
$83.5M
FY2025-0.2%
Tap a bar for its year
Net assets by fiscal year
FY2020$91.8M
FY2021$99.1M
FY2022$144.6M
FY2023$107.8M
FY2024$83.7M
FY2025$83.5M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Jennifer L Boss
President, Secretary, & Tr
$0Pt VII · Sec A
Thomas P Kelly
Vice President & Secretary
$0Pt VII · Sec A
Melanie Varrato
Vice President & Secretary
$0Pt VII · Sec A
See Tr Preserve Corp 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages property and income for the Teachers Retirement System of Illinois.

Questions for Tr Preserve Corp

Tap to ask. Tr Preserve Corp sees how many people are interested.

Your first name shows with your question. Tr Preserve Corp answers here, for everyone.

1 program · in their own filed words · FY2024
01

Not applicable

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 90-0885608) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.0M
Ln 12
Other incomeLn 4–11$3.0M
Money outPt IX
$0
Ln 25
Owns and owesPt X
$83.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$160.9M
LiabilitiesLn 26$77.3M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$3.0M
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$2.6M
Cash and savings togetherLn 1–2$2.6M
Accounts receivableLn 4$387K
Prepaid expenses and deferred chargesLn 9$262K
Land, buildings, equipmentLn 10c$110.0M
Other assetsLn 15$47.6M
Total assetsLn 16$160.9M
LiabilitiesLn 26$77.3M
Net assetsLn 32$83.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.3M$2.6M
Land, buildings, equipmentLn 10c$107.9M$110.0M
Total assetsLn 16$160.7M$160.9M
LiabilitiesLn 26$77.0M$77.3M
Net assetsLn 32$83.7M$83.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 26, 2026 $3.0M$0$3.0M$83.5M 990 PDF
FY2024Filed with the IRS Feb 26, 2025 $3.4M$0$3.4M$83.7M 990 PDF
FY2023Filed with the IRS Feb 22, 2024 $3.9M$0$3.9M$107.8M 990 PDF
FY2022Filed with the IRS Mar 6, 2023 $5.0M$0$5.0M$144.6M 990 PDF
FY2021Filed with the IRS May 12, 2022 $3.9M$0$3.9M$99.1M 990 PDF
FY2020Filed with the IRS May 14, 2021 $4.6M$0$4.6M$91.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $3,045,104 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,422,343$3,045,104
I-12 Total revenuePrior year $3,422,343$3,045,104
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$0
I-18 Total expensesPrior year $0$0
I-19 Revenue less expensesPrior year $3,422,343$3,045,104
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,045,104 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission $3,045,104$3,045,104
VIII-12 Total revenueRelated to mission $3,045,104 · Unrelated business $0 · Excluded from tax $0$3,045,104
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $160,862,376 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,250,420$2,610,815
X-4 Accounts receivableStart of year $277,081$386,940
X-9 Prepaid expenses and deferred chargesStart of year $699,624$261,574
X-10c Land, buildings and equipment, netStart of year $107,896,114$109,984,919
X-15 Other assetsStart of year $49,603,886$47,618,128
X-16 Total assetsStart of year $160,727,125$160,862,376
X-17 Accounts payable and accrued expensesStart of year $1,841,788$2,265,121
X-19 Deferred revenueStart of year $128,432$275,434
X-23 Secured mortgages and notes payableStart of year $75,000,000$74,744,495
X-25 Other liabilitiesStart of year $67,688$45,888
X-26 Total liabilitiesStart of year $77,037,908$77,330,938
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $8,875,865$9,097,926
X-31 Retained earnings or endowmentStart of year $74,813,352$74,433,512
X-32 Total net assets or fund balancesStart of year $83,689,217$83,531,438
X-33 Total liabilities and net assetsStart of year $160,727,125$160,862,376
Part XI · Reconciliation of net assets $83,531,438 net assets at year end
XI-1 Total revenue$3,045,104
XI-2 Total expenses$0
XI-3 Revenue less expenses$3,045,104
XI-4 Net assets at start of year$83,689,217
XI-5 Net unrealized gains (losses) on investments−$1,988,804
XI-9 Other changes in net assets−$1,214,079
XI-10 Net assets at end of year$83,531,438

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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