Lulu N Upton Charitable Trust FY2022 filing

Chicago, IL · Mutual-benefit / member-serving · Since 1958

Latest data FY2022
Revenue
$12K
▼ -23% vs prior year
Spent
$15K
To programs
59%
Net assets
$230K
By yearFY2020–FY2025
Revenue
$12K
FY2022▼ -23%
Revenue by fiscal year
FY2020$12K
FY2021$16K
FY2022$12K
FY2023$11K
FY2024$9K
FY2025$12K
Expenses
$15K
FY2022▲ +15%
Expenses by fiscal year
FY2020$13K
FY2021$13K
FY2022$15K
FY2023$14K
FY2024$15K
FY2025$14K
Net assets
$230K
FY2022▼ -1%
Net assets by fiscal year
FY2020$229K
FY2021$232K
FY2022$230K
FY2023$227K
FY2024$222K
FY2025$220K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
Not on file
Spent on programs?
59% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↓ -23% vs prior year
Legal name (IRS)Hdr · item CLulu N Upton Charitable Trust
EINHdr · item D95-6022721
Exempt statusHdr · item I501(c)(91) · active
Ruling yearIRS BMF0000
Year of formationHdr · item L1958
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFNonprofit

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.41
Program services59%$9K
Management & general41%$6K
Total functional expensesLn 25$15K

Financial health

Surplus margin
-20%
revenue over expenses, this year
Program spending
59%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$230K
FY2022▼ -1%
Total assets by fiscal year
FY2020$229K
FY2021$232K
FY2022$230K
FY2023$227K
FY2024$222K
FY2025$220K
Total liabilities
$0
FY2022
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$230K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$230K
Total liabilitiesLn 26$0
Total net assetsLn 32$230K
Months of cash on handcomputed11.9

Statement of Revenue

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

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $230K · Operating expenses/yr $15K
189.4 months
Where the money goes
Program services
Program services $9K · Total expenses $15K
59%
Management & General
Management & general $6K · Total expenses $15K
41%
Fundraising
Fundraising $0 · Total expenses $15K
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 $12K
0%
Government reliance
Government grants — · Total revenue $12K
—
Earned-income share
Program service revenue $0 · Total revenue $12K
0%
Investment reliance
Investment income $12K · Total revenue $12K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $15K
0%
Growth & trend
Revenue growth (YoY)
This year $12K · Prior year $16K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $230K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12K · Expenses $15K
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $230K
—
Net-asset ratio
Net assets $230K · Total assets $230K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $215K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $230K
94%
People & payroll
Highest Reported Total Compensation
Individual Northern Trust N A · Reported title TRUSTEE · Highest reported compensation $3K · Total expenses $15K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3K · Total expenses $15K
22%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 59%——
Overhead ratio 41%——
Revenue growth -23%——
Accounting fee ratio 17%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$3,253Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Northern Trust N A$3,447$3,292$3,085$3,253$3,577$3,182

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.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Supports Cornell University's educational and research programs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $9K of program spending, described in the organization's own filed words · FY2022.
01

Grant Paid to Supported Organization

Cornell university

$9Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $48K · 2020–2025
Cornell UniversityNY · FY2025$8,726
Cornell UniversityNY · FY2024$8,718
Cornell UniversityNY · FY2023$7,950
Cornell UniversityNY · FY2022$8,662
Cornell UniversityNY · FY2021$6,387
Cornell UniversityNY · FY2020$7,600

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $12K$14K+30% 990 PDF
FY2024 $9K$15K-13% 990 PDF
FY2023 $11K$14K-12% 990 PDF
FY2022 Viewing $12K$15K-23% 990 PDF
FY2021 $16K$13K+34% 990 PDF
FY2020 $12K$13K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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